Market Overview

The Global Advanced Driver Assistance System Market was valued at USD 34,015.8 million in 2023 and is expected to reach USD 78,957.5 million by 2031 while growing at a CAGR of 11.1% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global advanced driver assistance system market growth. An Advanced Driver Assistance System (ADAS) is a technology suite aiming to boost vehicle safety and enhance the driving experience. By utilizing sensors, cameras, radar, and other advanced technologies, these systems monitor the vehicle's surroundings and offer assistance in various driving aspects.

Rapid advancements in sensor technologies like radar, LiDAR, and cameras, along with the growing demand for semi-autonomous and autonomous vehicles, drive the growth of the advanced driver assistance system (ADAS) market. Despite this momentum, challenges such as high initial costs and concerns related to data security and privacy may impede the market's expansion.

Furthermore, the global advanced driver assistance system industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Solution Type Analysis

The Global Advanced Driver Assistance System Market is segmented among Adaptive Cruise Control (ACC), Blind Spot Detection System (BSD), Park Assistance, Lane Departure Warning (LDWS) System, Tire Pressure Monitoring System (TPMS), Autonomous Emergency Braking (AEB), Adaptive Front Lights (AFL), and Others, based on Solution Type. In 2023, Adaptive Cruise Control (ACC) accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Component Type Analysis

The Global Advanced Driver Assistance System Market is segmented among Processors, Sensors (Radar, LiDAR, Ultrasonic, and Others), Software, and Others, based on Component Type. In 2023, Sensors accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Advanced Driver Assistance System Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Altera Corporation (Intel Corporation), Autoliv Inc., DENSO CORPORATION, Continental AG, Garmin Ltd., Infineon Technologies AG, Magna International Inc., Mobileye, Robert Bosch GmbH, Valeo SA, and Wabco Holdings Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Advanced Driver Assistance System Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Advanced Driver Assistance System Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Advanced Driver Assistance System Market Segmentation, By Solution Type

• Global Advanced Driver Assistance System Market Share Analysis, By Solution Type

• Global Advanced Driver Assistance System Market Growth Analysis, By Solution Type

• Global Advanced Driver Assistance System Market Trends, By Solution Type

o Adaptive Cruise Control (ACC)

o Blind Spot Detection System (BSD)

o Park Assistance

o Lane Departure Warning (LDWS) System

o Tire Pressure Monitoring System (TPMS)

o Autonomous Emergency Braking (AEB)

o Adaptive Front Lights (AFL)

o Others

6. Global Advanced Driver Assistance System Market Segmentation, By Component Type

• Global Advanced Driver Assistance System Market Share Analysis, By Component Type

• Global Advanced Driver Assistance System Market Growth Analysis, By Component Type

• Global Advanced Driver Assistance System Market Trends, By Component Type

o Processor

o Sensors

Ø Radar

Ø LiDAR

Ø Ultrasonic

Ø Others

o Software

o other

7. Global Advanced Driver Assistance System Market Segmentation, By Vehicle Type

• Global Advanced Driver Assistance System Market Share Analysis, By Vehicle Type

• Global Advanced Driver Assistance System Market Growth Analysis, By Vehicle Type

• Global Advanced Driver Assistance System Market Trends, By Vehicle Type

o Passenger car

o Commercial vehicle

Ø Light commercial vehicle

Ø Heavy commercial vehicle

8. Global Advanced Driver Assistance System Market Segmentation, By Region

• Global Advanced Driver Assistance System Market Share Analysis, By Region

• Global Advanced Driver Assistance System Market Growth Analysis, By Region

• Global Advanced Driver Assistance System Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Altera Corporation (Intel Corporation)*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Autoliv Inc.

• DENSO CORPORATION

• Continental AG

• Garmin Ltd.

• Infineon Technologies AG

• Magna International Inc.

• Mobileye

• Robert Bosch GmbH

• Valeo SA

• Wabco Holdings Inc

*Similar analysis will be provided for each company listed above.