At 16.70% CAGR, Advanced Driver Assistance Systems Market to Reach $92.09 Billion by 2027 – Exclusive Report by Mordor Intelligence

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At 16.70% CAGR, Advanced Driver Assistance Systems Market to Reach $92.09 Billion by 2027 - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The advanced driver assistance systems (ADAS) market is valued at USD 36.80 billion in 2021 and it is expected to reach USD 92.09 billion by 2027 registering a CAGR of over 16.70% during the forecast period 2022-2027. In January 2022, Aptiv PLC introduced a next-generation advanced driver-assistance system (ADAS) for autonomous and electric vehicles, this will aid to reduce the cost of software-driven vehicles due to Aptiv’s scalable architecture.

Advanced Driver Assistance Systems Market Overview

The advanced driver assistance systems (ADAS) market is valued at USD 36.80 billion in 2021 and it is expected to reach USD 92.09 billion by 2027 registering a CAGR of over 16.70% during the forecast period 2022-2027. The growing production of vehicles with integrated ADAS features in the wake of rising awareness toward comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market. The recent technological advancements in the fields of artificial intelligence, machine learning, and other sensors like RADAR, LIDAR, GPS, and computer vision, have enabled manufacturers to increase self-driving capabilities in cars.

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Advanced Driver Assistance Systems Market – Geographical Overview

China is one of the largest automotive markets across the world, and more than 20.17 million passenger cars were sold in the country in 2020 and recorded a 5.89% of yearly decline in sales compared to 2019. The Chinese government is focusing on several advanced vehicles technology, like ADAS features, along with electric mobility. With that, major automakers in the region are updating their portfolio with the introduction of the new level 2 and level 3 ADAS features. For instance, In May 2021, the HAVAL brand of Great Wall Motor Co. Ltd launched the new Chitu compact SUV, and it is equipped with a 1.5L turbocharged engine (maximum power output of 135kW, peak torque of 275Nm) in combination with a 7-speed wet dual-clutch transmission. In addition, the vehicle includes a Level 2 ADAS system, with varying functions depending on the version.

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Key Highlights of the Advanced Driver Assistance Systems Market

  • ADAS manufacturers, such as Autoliv and Continental, are collaborating with OEMs to develop and manufacture low-cost DAS, which is expected to help the manufacturers attain economies of scale, and in turn, reduce the prices of ADAS. This move from major manufacturers is expected to result in the increased implementation of ADAS in low-priced cars in the coming years.
  • As of mid-2022, all new cars put on the EU market may have to be equipped with advanced safety systems. Following an agreement with the European Parliament in March 2021, the council adopted a regulation on the general safety of motor vehicles and the protection of vehicle occupants and vulnerable road users in a bid to significantly reduce the number of road casualties. Additionally, Euro NCAP, a government-backed group that rates cars for safety, may require cars to have a driver-monitoring system to earn a five-star safety rating starting in 2023 or 2024.

Recent Developments in the Advanced Driver Assistance Systems Market

  • In January 2022, Aptiv PLC introduced a next-generation advanced driver-assistance system (ADAS) for autonomous and electric vehicles, this will aid to reduce the cost of software-driven vehicles due to Aptiv’s scalable architecture.
  • In January 2022, ZF has launched a 360-degree protection system for a commercial vehicle that will detect the hazards from the front and rear sides and shield the vehicle through a dynamic control system. As of now, the company is primarily targeting the United States market owing to high demand from commercial fleet operators.
  • In September 2021, ZF launched its next-generation mid-range radar to support advanced ADAS safety functions and enhance the available ZF coASSIST semi-automated system on the Dongfeng Aeolus Yixuan MAX in China.
  • In September 2021, Continental AG (Continental) announced that it has signed a joint venture (JV) contract with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics), focusing on providing hardware and software integrated solutions for advanced driver assistance systems (ADAS) and autonomous driving.

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List of Key Players in the Advanced Driver Assistance Systems Market

  • Aisin Seiki Co. Ltd
  • Delphi Automotive
  • DENSO Corporation
  • Infineon
  • Magna International
  • WABCO Vehicle Control Services
  • Continental AG
  • ZF Friedrichshafen AG
  • Mobileye
  • Hella KGAA Hueck & Co
  • Robert Bosch GmbH
  • Valeo
  • Hyundai Mobis
  • Autoliv

*List Not Exhaustive

Mordor Intelligence has segmented the global advanced driver assistance systems market based on type, technology, vehicle type, and geography:

  • Type (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
    • Parking Assist System
    • Adaptive Front-lighting
    • Night Vision System
    • Blind Spot Detection
    • Advanced Automatic Emergency Braking System
    • Collision Warning
    • Driver Drowsiness Alert
    • Traffic Sign Recognition
    • Lane Departure Warning
    • Adaptive Cruise Control
  • Technology (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
    • Radar
    • LiDAR
    • Camera
  • Vehicle Type (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
    • Passenger Cars
    • Commercial Vehicles
  • Geography (Market Size & Forecast based on Revenue (USD billion), 2018-2027)
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Rest of Asia-Pacific
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Rest of the World
      • United Arab Emirates
      • Saudi Arabia
      • Brazil
      • Argentina
      • Rest of South America

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