- Tire Pressure Monitoring System (TPMS)
- Drowsiness Monitor System
- Intelligent Parking Assist System (IPAS)
- Adaptive Cruise Control System
- Blind Spot Object Detection System
- Lane Departure Warning System
- Adaptive Front-lighting System
Advanced Driver Assistance Systems (ADAS) Market size was valued at 42.7 billion in 2021 and is expected to reach 162.3 billion by 2028, at a CAGR of 21% during the forecast period 2022 to 2028. Owing to the growing disposable income levels, improved vehicle invention and production in emerging countries such as China and India coupled with surge in number of extravagance & luxurious vehicles in countries such as United States, Japan, Canada, and other developed countries are expected to fuel the growth of the market. Furthermore, advancements in technology and special features developed by the market players are anticipated to drive the growth of the market. However, lack of obligatory infrastructure in emerging countries is the major restraining factor for the growth of the market. The report studies global Advanced Driver Assistance Systems (ADAS) market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Advanced Driver Assistance Systems (ADAS) market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed globalmarket to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Fastest Growing Market
Advanced driver assistance systems need basic set-up such as well-established roads, track design, and accessibility of GPS for effective running. Additionally, V2V and V2X communications necessitate adequate connectivity arrangement. For highways, the information such as a lane alteration, object recognition, space/distance between automobiles, transportation, and services such as GPS and connectivity are very significant for semi-autonomous and autonomous trucks. However, due to the limited network connectivity on highways, vehicles are not connected to each other and the cloud data. Moreover, increasing demand for a safe, efficient, and suitable driving experience coupled with increasing demand for electric vehicles.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.