PUBLISHER: Lucintel | PRODUCT CODE: 1417290
PUBLISHER: Lucintel | PRODUCT CODE: 1417290
ADAS Trends and Forecast
The future of the global ADAS market looks promising with opportunities in the passenger car, light commercial vehicle, bus, and truck markets. The global ADAS market is expected to reach an estimated $52.4 billion by 2030 with a CAGR of 9.3% from 2024 to 2030. The major drivers for this market are rising concern towards enhanced vehicle safety, increasing integration of comfort-enhancing features with ADAS, and growing inclination of customers towards luxury vehicles.
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ADAS by Segment
The study includes a forecast for the global ADAS by vehicle type, offering, component, level of autonomy, and region.
List of ADAS Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ADAS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ADAS companies profiled in this report include-
ADAS Market Insights
Lucintel forecasts that L1 will remain the largest segment over the forecast period due to increasing demand for these systems in passenger car.
Within this market, passenger car will remain the largest segment due to increasing desire for vehicles, which delivers enhanced safety and comfort.
APAC is expected to witness highest growth over the forecast period due to increasing production of passenger cars and commercial vehicles and presence of major OEMs in the region.
Features of the Global ADAS Market
Market Size Estimates: ADAS market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: ADAS market by various segments, such as by vehicle type, offering, component, level of autonomy and region in terms of($B).
Regional Analysis: ADAS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle types, offerings, components, level of autonomy, and regions for the ADAS market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ADAS market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the ADAS market size?
Answer: The global ADAS market is expected to reach an estimated $52.4 billion by 2030.
Q.2 What is the growth forecast for ADAS market?
Answer: The global ADAS market is expected to grow with a CAGR of 9.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the ADAS market?
Answer: The major drivers for this market are rising concern towards enhanced vehicle safety, increasing integration of comfort-enhancing features with ADAS, and growing inclination of customers towards luxury vehicles.
Q4. What are the major segments for ADAS market?
Answer: The future of the ADAS market looks promising with opportunities in the passenger car, light commercial vehicle, bus, and truck markets.
Q5. Who are the key ADAS market companies?
Answer: Some of the key ADAS companies are as follows.
Q6. Which ADAS market segment will be the largest in future?
Answer: Lucintel forecasts that L1 will remain the largest segment over the forecast period due to increasing demand for these systems in passenger car.
Q7. In ADAS market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing production of passenger cars and commercial vehicles and presence of major OEMs in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.