ADAS Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Vehicle Type (Passenger Cars and Commercial Vehicles), By Sensor Type (Radar, Ultrasonic, Camera and LiDAR), By Level of Autonomy (Level 1, Level 2, Level 3, Level 4 and Level 5), By Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear Cross Traffic Assistan
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
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The global ADAS market was worth USD40.66 billion in 2022 and is anticipated to achieve a CAGR of 7.08% to become USD60.10 billion by the year 2028.
Advanced Driver Assistance System, or ADAS, is one of the most important features for the protection of current vehicles. ADAS assists in monitoring, braking, alerting, and steering operations, which lower the likelihood of road accidents and safeguard the driver. In the near future it was expected that the demand for sophisticated driver assistance systems (ADAS), which provide support in monitoring, warning, braking, and steering functions, would increase in the near future due to largely consumer and regulation-driven interest in safety features that protect drivers and reduce collision frequency. For instance, both the United States and the European Union by 2020 mandated all vehicles to come equipped with autonomous emergency braking and forward collision warning systems. Per a recent survey, ADAS features integrated into automotive systems for comfort and efficiency augmentation, e.g., those designed to assist with parking or keep an eye on blind spots, are increasingly gaining popularity with customers purchasing cars in large numbers.
Although ADAS applications are in their early stages, original equipment manufacturers (OEMs) and their suppliers already know that one day they can become the main feature that differentiates automobile brands and become one of their top sources of income. And since fully autonomous vehicles are already a major area of research and development among OEMs as well as high-tech companies who have recently ventured into the automotive industry, such as Google, the same technology that make ADAS solutions possible today may also be used to manufacture them. Any ADAS system thus that is supported early on may then gain an advantage when autonomous cars are commercially available at.
Market Overview
Global ADAS Market Drivers
With the fast-paced technical developments taking place in the connected and autonomous vehicle environment, intelligent transportation systems and connected infrastructure are now required to test autonomous vehicles. Governments of many countries, automotive OEMs, and tier 1 component suppliers are investing heavily in the creation of connected and autonomous vehicle infrastructure. Developed economies such as the U.S., Germany, and the U.K., among others, are offering substantial funding towards the development of intelligent transportation networks for autonomous vehicles.
There have been several developments in the commercial vehicle segment, particularly on terms of increased profit margins and adoption of new technologies such as telematics and autonomous driving. Because of the rapid transformation of laws, regulations, and transport infrastructure to support increasing freight movement, present-day vehicles include ADAS components. In the future years, new avenues are expected to be developed by increasing sales of commercial automobiles and the OEMs' increasing requirement of ADAS components.
For enhancing the vehicle's performance, governments of most countries are working on formulating and applying standards for ADAS components and their accompanying specifications. As an example, in light of the growing prevalence of ADAS on modern cars, the Chinese government has just released three new regulations that explicitly focus on ADAS. During the forecast period, demand is expected to grow due to new laws being passed by governments across the globe, which are likely to stimulate users and raise awareness regarding the advantages of ADAS systems in vehicles.
Global ADAS Market Trends
The emergence of self-driving cars will change the way people travel, and the business for ADAS players is anticipated to grow as more companies endeavor to create such technologies. ADAS features will be pivotal in creating fully and partially autonomous vehicles in the years to come, which is likely to increase business for companies that are involved in the global ADAS market. Automakers such as Tesla, Volkswagen, Ford, Toyota, General Motors, and Waymo plan to bring fully autonomous cars into the market in the coming years, and a number of these companies have already brought products to market. Consequently, the global market for ADAS is projected to grow during the forecast period.
There is growing emphasis on the need to ensure road safety, which has caused more demand for ADAS technologies. The advantages of ADAS in avoiding accidents are getting increasingly well-recognized by customers as governments and regulatory authorities embrace strict safety regulations. ADAS heavily depends on a range of sensors, for example, cameras, radar, LiDAR, and ultrasonic sensors to collect information concerning the surrounding region of the automobile. Continuous evolution in sensor technologies, e.g., better-resolution cameras and better radar technology, is increasing precision and the horizon of ADAS features. Advanced driver assistance systems (ADAS) can significantly enhance road safety. They work by warning or helping drivers to avoid or reduce crashes. Increasing numbers of vehicles with these systems installed are sold each year.
Global ADAS Market Challenges
The total expense of ADAS systems in the vehicles is significantly influenced by the cost of manufacturing electrical and ADAS parts. For the time being, this complicates ADAS regulations. Overall, the high maintenance costs and component costs are causing the price of automobiles with ADAS capabilities to rise. A variety of data sources, such as automotive imaging, RADAR, LiDAR, image processing, computer vision, and vehicle networking, are used as inputs by ADAS. Due to the increased costs associated with these premium amenities in cars, prices have increased. Overall, all these obstacles are predicted to impede market expansion.
Stringent Government Policies
In the world, there are various organizations that are involved in ensuring vehicle safety. These organizations have been steadily incorporating more and more ADAS-related protocols and standards. In Europe, North America, and other parts of the world these organizations are mandating automotive safety measures, and defining, and refining regulations. One such organization is the “Society of Automotive Engineers” (SAE), which is the international authority that releases the standards which are used by 120,000 members all around the world, in the automotive and aerospace domains. According to this organization, there are some standards related to automated driving and ADAS which are J3016 Taxonomy and Definitions for Terms Related to On-Road Motor Vehicle Automated Driving Systems, J3134 ADAS Equipped Vehicle Signal and Marking Lights (Work in Progress).
Recent Developments
Due to an increase in adaptation of the ADAS in the vehicle, many investors are investing in this technology, companies like ZF Friedrichshafen AG ("ZF") which is a Germany-based automotive technology supplier have recently invested in StradVision company by taking its 6% stake in the company. StradVision is developing AI-powered computer vision technology for autonomous vehicles and advanced driver assistance system (ADAS). In May 2022, BlackBerry announced that it is going to team up with Magna International MGA for the development of next-generation Advanced Driver Assistance Systems (ADAS) solutions for the next-generation automotive manufacturers.
Market Opportunity
The growing demand for advanced vehicles equipped with the different technology is expected to generate new opportunities for the ADAS making companies in the market in the forecast years. Many regional governments are influencing the adoption of electric vehicles by providing subsidies and incentives. As electric vehicle in nowadays is coming with the equipped ADAS technology in the vehicle, also the vehicle manufacturing companies in the market are looking for the ADAS making companies which is an opportunity for the ADAS sensors and software making companies to grow their market share by doing tie-ups with vehicle manufacturing companies. Therefore, the rise in advanced vehicle sales is expected to become a big opportunity for the ADAS companies.
Company Insights
In addition to six airbags, three-point seatbelts, reminders for all seats, and all-wheel disc brakes, Hyundai has just verified Level 2 ADAS features for the brand-new Verna, as we had previously reported. Hyundai has been slowly releasing additional Verna information leading up to its global debut in March 2021. Previously, Hyundai also gave a sneak peek at the Verna's all-new infotainment screen and digital instrument panel. Undoubtedly, one of the most prominent talking points about the new Verna has been ADAS. To provide Level 2 ADAS capability, Hyundai has now disclosed that the Verna will be fitted with front and back radars, sensors, and a front camera. This means that in addition to detecting obstructions, the Verna will also send out warnings and corrective measures. According to Hyundai, the technology will function in all weather. A few of the features in the ADAS suite are forward collision warning, blind spot collision warning, blind spot collision-avoidance assist, lane keeping assistance, lane departure warning, driver attention warning, adaptive cruise control with stop and go, lane following assistance, leading vehicle departure alert, and rear cross traffic collision-avoidance assist.
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Market Segmentation
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The Global ADAS Market is segmented into vehicle type, sensor type, level of autonomy, function, by region and competitive landscape. Based on vehicle type the market is divided into passenger cars, and commercial vehicles. Based on sensor type the market is divided into radar, ultrasonic, camera, and LiDAR. Based on level of autonomy the market is divided into level 1, level 2, level 3, level 4, and level 5. Based on function the market is divided into Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, Park Assistance and Others.
Company Profiles
DENSO Corporation
Aptiv Global Operations Limited
Magna International Inc
Valeo, Ambarella Inc
Aisin Corporation are the leading companies operating in the global ADAS market.
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Attribute |
Details |
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Revenue in 2022 |
USD40.66 Billion |
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Revenue Forecast in 2028 |
USD60.10 Billion |
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Growth Rate |
7.08% |
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United States Revenue Forecast in 2028 |
USD10.51 Billion |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Billion, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
By Vehicle Type By Sensor Type By Level of Autonomy By Function By Region |
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Regional Scope |
Asia-Pacific, North America, Latin America, Europe &CIS, Middle East & Africa |
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Country Scope |
China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Vietnam, United States, Mexico, Canada, Germany, Spain, France, United Kingdom, Slovakia, Italy, Russia, Brazil, Argentina, Colombia, Turkey, South Africa, Iran, Egypt |
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Key Companies Profiled |
Robert Bosch GmbH, Continental AG, Autoliv Inc, ZF Friedrichshafen AG, DENSO Corporation, Aptiv Global Operations Limited, Magna International Inc, Valeo, Ambarella Inc, Aisin Corporation |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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