ADAS Market Report: Trends, Forecast and Competitive Analysis to 2030

ADAS Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

ADAS by Segment

The study includes a forecast for the global ADAS by vehicle type, offering, component, level of autonomy, and region.

ADAS Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light Commercial Vehicles
• Buses
• Trucks

ADAS Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software

ADAS Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Camera Unit
• LiDAR
• Radar
• Ultrasonic Sensor

ADAS Market by Level of Autonomy [Shipment Analysis by Value from 2018 to 2030]:

• L1
• L2
• L3
• L4
• L5

ADAS Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

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-

• Robert Bosch
• Denso
• Continental
• Magna International
• ZF Friedrichshafen

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:

• Robert Bosch
• Denso
• Continental
• Magna International
• ZF Friedrichshafen

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.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the ADAS market by vehicle type (passenger cars, light commercial vehicles, buses, and trucks), offering (hardware and software), component (camera unit, lidar, radar, and ultrasonic sensor), level of autonomy (L1, L2, L3, L4, and L5), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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