The Advanced Driver Assistance Systems (ADAS) Market, valued at USD 30.64 billion in 2023, is projected to grow to USD 135.40 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.45% over the forecast period. This market encompasses the development, manufacturing, and implementation of technologies designed to aid drivers and enhance vehicle safety. ADAS technologies leverage a range of sensors, cameras, radar, Lidar, and other advanced tools to offer features such as adaptive cruise control, lane departure warnings, automatic emergency braking, and parking assistance, among others.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By System Type (Adaptive Cruise Control (ACC), Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System (DMS), Adaptive Front Lights (AFL), Automatic Emergency Braking (AEB), Intelligent Parking Assist System (IPAS), Blind Spot Detection (BSD), and Other System Types)
By Sensor Type (Ultrasonic Sensor, Lidar Sensor, Image Sensor, Radar Sensor, and Others)
By Vehicle Type (Passenger Vehicles and Commercial Vehicle)
Key players
Autoliv Inc.
Continental AG
DENSO Corporation
ROBERT BOSCH GMBH
Valeo
Hyundai Mobis
ZF Friedrichshafen
Magna
NXP Semiconductors
Aisin Seiki Co. Ltd.
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