Advanced Driver Assistance System Market Growth, Size, Trends Analysis- By Type, By Technology, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Advanced Driver Assistance System Market Introduction and Overview
According to SPER Market Research, ‘Global Advanced Driver Assistance System Market Size- By Type, By Technology, By Vehicle Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Advanced Driver Assistance System Market is estimated to reach USD 153.19 billion by 2033 with a CAGR of 14.58%.
Advanced Driver Assistance Systems, or ADAS for short, are active and passive safety features intended to reduce human error when driving a variety of automobiles. Advanced Driver Assistance Systems (ADAS) employ state-of-the-art technologies to help drivers and enhance their driving performance.
Impact of COVID-19: The global market for advanced driver assistance systems (ADAS) was significantly disrupted by the COVID-19 pandemic, both in the short and long term. Due to factory closures, supply chain interruptions, and a drop in consumer demand, manufacturing slowed and auto sales fell early in the outbreak. Manufacturers postponing investments in cutting-edge technologies because of budgetary limitations had an impact on the adoption of ADAS technology. However, the need for ADAS systems increased when the auto industry started to recover.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Type, By Technology, By Vehicle Type.
Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
Companies CoveredAisin Seiki Co. Ltd, Autoliv Inc., Continental AG, Delphi Automotive, DENSO Corporation, Hella KGAA Hueck & Co., Hyundai Mobis, Infineon Technologies, Magna International, Mobileye, Robert Bosch GmbH, Valeo SA, WABCO Vehicle Control Services, ZF Friedrichshafen AG.
Advanced Driver Assistance System Market Segmentation:
By Type: Based on the Type, Global Advanced Driver Assistance System Market is segmented as; Adaptive Cruise Control, Adaptive Front-lighting, Advanced Automatic Emergency Braking Systems, Blind Spot Detection, Collision Warning, Driver Drowsiness Alerts, Lane Departure Warning, Night Vision Systems, Parking Assist Systems, Traffic Sign Recognition.
By Technology: Based on the Technology, Global Advanced Driver Assistance System Market is segmented as; Radar, LiDAR, Camera.
By Vehicle Type: Based on the Vehicle Type, Global Advanced Driver Assistance System Market is segmented as; Passenger Type, Commercial Vehicles.
By Region: This research also include data for North America, Europe, Asia-Pacific Middle East & Africa and South America.