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The growing demand for safety and driving comfort features is the crucial aspect of the rise in the market revenue of Advanced Driver Assistance Systems (ADAS) as well as the stringent vehicle safety regulations that will foster market growth.

JERSEY CITY, N.J. , July 12, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Advanced Driver Assistance Systems (ADAS) Market" By System (Adaptive Cruise Control, Blind Spot Detection System), By Vehicle Type (Buses, Light Commercial Vehicles (LCVs)), By Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle), and By Geography. According to Verified Market Research, the Advanced Driver Assistance Systems (ADAS) Market size was valued at USD 25.92 Billion in 2021 and is projected to reach USD 55.66 Billion by 2030, growing at a CAGR of 10.8% from 2022 to 2030.

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Global Advanced Driver Assistance Systems (ADAS) Market Overview

Companies in the advanced driver help Advanced Driver Assistance Systems (ADAS) Market are entering into collaborations to deploy mass adoption of ADAS options with a replacement efficient 3D (3 dimensional) surround read system designed for entry- and mid-range vehicles. By enabling 3D surround read safety capabilities, the new system helps automakers to deliver safe and a lot of advanced vehicles to a bigger variety of car customers, thereby contributing to a secure vehicle society. The new 3D surround read system is a vehicle camera system that provides a 360-degree position to help drivers while parking or playacting low-speed operations.

The increasing awareness regarding vehicle safety ratings and reducing part prices due to intensive utilization of cameras and radars is one of the drivers for the Advanced Driver Assistance Systems (ADAS) Market. Several OEMs are holding ADAS solutions to attain higher safety ratings to draw in a lot of customers. Hence, leading OEMs either standardize safety systems across the models or provide them as extra options. Thus, the increasing penetration of ADAS options can surge the demand for parts like cameras, radiolocation sensors, supersonic sensors, and measuring systems throughout the forecast amount.

The major players in the market are Robert Bosch (US), Aptiv (UK), Continental (Germany), Denso (Japan ), Hella (Germany) , Intel (US), Magna (Canada) , NVIDIA (Germany), Valeo (France ), and ZF Friedrichshafen (Germany).

Verified Market Research has segmented the Global Advanced Driver Assistance Systems (ADAS) Market On the basis of System, Vehicle Type, Electric Vehicle Type, and Geography.

Electric Vehicle Market By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Propulsion Type (Battery Electric Vehicle, Plug-in Hybrid Vehicle), By Power Output (Less than 100 KW, 100 KW to 250 KW), By Vehicle Drive Type (Front Wheel Drive (FWD), Rear Wheel Drive (RWD)), By Geography, Forecast, 2021-2028

Intelligent Transportation Systems Market By System (Commercial Vehicle Operation, Advanced Traffic Management System), By Application (Automotive Telematics, Collision Avoidance), By Geography, Forecast, 2021-2028

Adaptive Cruise Control Market By Component Type (LiDAR, RADAR), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Geography, Forecast, 2021-2028

Automotive Advanced Driver Assistance System (ADAS) Consumption Market By Product (Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) System, Park Assist, Blind Spot Detection, Others), By Application (Passenger Car, Commercial Veh), By Geography, Forecast, 2021-2028

Top 10 Automotive Artificial Intelligence Companies gearing towards driverless mobility solutions

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