Advanced Driver Assistance Systems Market Summary
As per Market Research Future Analysis, the Global Advanced Driver Assistance Systems (ADAS) Market was valued at USD 29,793.4 million in 2023 and is projected to grow to USD 85,915.2 million by 2032, with a CAGR of 12.48% from 2024 to 2032. The market is driven by increasing consumer awareness, regulatory mandates for safety features, and the rise of autonomous vehicles. ADAS technologies enhance driving safety and comfort by providing real-time information and alerts through various sensors and cameras. The market is characterized by significant technological advancements and a shift towards connected vehicles, creating numerous opportunities for growth.
Key Market Trends & Highlights
Key trends driving the ADAS market include the emergence of autonomous vehicles and increasing demand for safety features.
- ADAS Market Size in 2023: USD 29,793.4 million
- Projected Market Size by 2032: USD 85,915.2 million
- CAGR from 2024 to 2032: 12.48%
- North America accounted for ~37.5% of the market share in 2022
Market Size & Forecast
2023 Market Size | USD 29,793.4 million |
2024 Market Size | USD 33,517.57 million |
2032 Market Size | USD 85,915.2 million |
Major Players
Key companies include ZF Friedrichshafen AG, Denso Corporation, Continental AG, Garmin Ltd., Valeo SA, Hyundai Mobis, Borge Warner, Inc., and Robert Bosch GmbH.