Global Advanced Driver Assistance Systems (ADAS) Market size is projected to be valued $63 Billion by 2024; with a CAGR of 10.7% from 2017 to 2025. Advanced driver assistance systems, or ADAS, are systems developed to automate, adapt, and enhance vehicle systems for safety & improved driving to assist the driver in the driving procedure. Safety functions are designed to avoid accidents& collisions by presenting technologies which alert the driver to possible crises. In addition, adaptive features might automate lighting, provide automate braking, incorporate GPS/ traffic warnings and aware driver to other cars or blind spot detection system.
The growth of global advanced driver assistance systems market is primarily driven by factors such as stringent government guidelines related to safety, and consumer preferences shifting towards active safety feature &advanced technology. Similarly, augmented electronic content & electronic integration has also supported the market growth. However, pricing pressure, inflation, and complexity in testing systems are the factors limiting the growth. Additionally, deployment of ADAS in low-cost cars, and improved socio-economic conditions resulting in an increasing demand for luxury cars are likely to disclose the new avenues for the market in the coming future.
The global ADAS market is mainly classified on the basis of type, technology, and geography. By type, the classification comprises adaptive cruise control, blind spot detection system, park assist, drowsiness monitor, tyre pressure monitoring system, lane departure warning system, and other types. On the basis of technology, the classification includes infrared sensor, laser sensor, radar sensor, image sensor, and ultrasonic sensor.
Based on geography, global advanced driver assistance systems market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the market include Robert Bosch GmbH, General Motors Company, Delphi Automotive PLC, Renault Group, Denso Corporation, Continental AG, Audi AG, Autoliv Inc., Magna International Inc., and Ford Motor Company, among others.
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Scope of the Global Advanced Driver Assistance Systems (ADAS) Market