Advanced Driver Assistance Systems (ADAS) Market Share, Size, Trends, and Forecast Market Analysis
ADAS Market Size
The size of the global advanced driver assistance systems (ADAS) market will increase nearly USD 48 billion between 2017-2022, accelerating at a CAGR of approximately 22% during the forecast period. This growth in ADAS market size will be attributed to numerous factors such as increased focus on consumer safety, an impending need for comfort, and a rise in government regulations which focus on passenger safety. The automotive industry has been putting more emphasis on initiatives that improve overall road safety and preventing accidents, which will ultimately reduce injuries. One such example of this is advanced safety systems being increasingly installed in entry-level vehicles, which will help in preventing accidents during critical situations and in protecting passengers, pedestrians, and animals for injuries. This will be another major factor contributing to the future growth of the market.
Several emerging trends are expected to gain traction over the next few years and positively impact the global ADAS market through 2022. These top trends include the growing popularity of CMOS sensors in camera-based ADAS, LiDAR technology in ADAS, OEMs integrating various ADAS technologies, and the development of improved image sensors for better night vision. Sensor suppliers such as Panasonic have already developed new image sensor technologies that improve night vision in cars. Other insights provided within Technavio’s ADAS market reports include:
ADAS Market Statistics and Insights
- The year-over-year growth rate in 2018 for the global ADAS market was more than 21%.
- 44% of total ADAS market growth between 2018-2022 will come from the EMEA region.
- Safety features such as BSD, LDWS, and PAS currently come at a higher price but with increasing demand and continuous innovation in safety systems, these costs are expected to reduce during the forecast period.
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ADAS Market Share and Segmentation
Within our ADAS industry research, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment the market by all the major ADAS types such as automotive emergency braking systems, night vision systems, parking assist systems, and more. Of these segments, the automotive emergency braking systems (AEBS) market holds the largest market share. The installation of AEBS has significantly reduced the amount of rear-end collisions and as a result, organizations will soon mandate the installation of AEBS in all automobiles, driving the market’s growth prospects over the next few years.
Our ADAS market segmentation research offerings include:
- ADAS Market by Type
- Tire pressure monitoring system
- Drowsiness monitor system
- Intelligent parking assist system
- Adaptive cruise control market
- Blind spot object detection market
- Lane departure warning system
- Adaptive front-lighting market
- Automatic emergency braking market
- Cross traffic alert market
- Driver monitoring system market
- Forward collision warning market
- Intelligent park assists market
- Pedestrian detection system market
- Road sign recognition market
- Traffic jam assist market
- Parking assist system market
- Night vision system market
- ADAS Sensor Market
- Image Sensor Market
- Lidar Sensor Market
- Ultrasonic Sensor Market
- Infrared Sensor Market
- Radar Sensor Market
- Laser Sensor Market
We at Technavio, with our comprehensive understanding of the ADAS market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our ADAS market research reports offer the following insights:
- ADAS market size
- ADAS market share
- ADAS market forecast
- ADAS market growth
- ADAS market trends
- ADAS market vendor landscape
- ADAS industry statistics
