Advanced Driver Assistance Systems (ADAS) Market worth $83.0 billion by 2030

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MarketsandMarkets Presents

Advanced Driver Assistance Systems (ADAS) Market
worth 83.0 billion by 2030
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river-assistance-systems-market-1201.html
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The report "Advanced Driver Assistance Systems
(ADAS) Market by System (ACC, DMS, IPA, PDS, TJA,
FCW, CTA, RSR, LDW, AEB, BSD), Component
(Radar, LiDAR, Ultrasonic, Camera Unit),
Vehicle (PC, LCV, Bus, Truck), Level of
Autonomy (L1, L23, L4, L5), Offering, EV, and
Region - Global Forecast to 2030", size is
projected to grow from USD 27.0 billion in 2020
to USD 83.0 billion by 2030, at a CAGR of 11.9.
The increasing adoption of ADAS safety
features, the focus of governments to enhance
vehicle and pedestrian safety, initiatives by
OEMs to provide advanced safety features, and the
advent of autonomous vehicles will surge the
demand for ADAS. Browse 283 market data Tables
and 87 Figures spread through 311 Pages and
in-depth TOC on "Advanced Driver Assistance
Systems (ADAS) Market Vehicle production was
low in April 2020 in major European countries and
the US due to the ongoing COVID-19 pandemic.
Earlier, the Advanced Driver Assistance Systems
(ADAS) Market was expected to witness rapid
growth from 2022 onward as major safety
regulations are outlined to be imposed, and
deployment of autonomous driving systems was
planned during the same timeline. As vehicle
production is suspended, any new investment for
advanced technology is unlikely. OEMs and tier 1
players are either using cash reserves or
acquiring funds to continue operations during the
crisis. OEMs are still skeptical about the
recovery of vehicle sales to 2019 levels in 2020.
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sp?id1201 TPMS is expected to be the largest
segment in the Advanced Driver Assistance Systems
(ADAS) Market A tire pressure monitoring system
(TPMS) uses sensors to detect tire pressure
levels and alert the driver when the tire
pressure is low. Two TPMS implementations are
available direct and indirect. Indirect TPMS
uses ABS sensors to detect low tire pressure. If
the pressure in a tire is dangerously low, its
wheel speed will be different than the others.
The ECU analyzes the rotation information and
informs the driver about the low tire pressure.
Direct TPMS uses different pressure monitoring
sensors for individual tires. These sensors
transmit the data to the ECU for analysis, and
every sensor has a unique serial number. Post
analysis, the system can easily identify the tire
with low pressure using the serial number and
display a visual warning on the dashboard. The
inclusion of TPMS is standard in all leading
automobile markets such as the US, European
countries, and some Asia Pacific countries. While
TPMS was earlier mandated only for passenger cars
in Europe, it is now to be mandatorily installed
in vans, trucks, and buses by 2022. China
announced that all new vehicles from 2019 would
have standard TPMS, while Japan, Russia, South
Korea, and Turkey have already mandated TPMS as a
standard in new vehicles. Such large-scale
regulation of TPMS has spiked its penetration in
major automotive markets.
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LCV segment will be a key market for ADAS Light
commercial vehicles (LCVs) are most often used
for last-mile distribution and personal travel.
OEMs such as Ford Motors and Nissan are offering
LCVs fitted with ADAS systems. Pick-up trucks are
significantly popular and a major revenue source
for OEMs such as GMC and Ford in the US. These
OEMs offer a wide range of these trucks to
attract more consumers. They are one of the most
versatile vehicles under any driving conditions,
which makes them a preferred choice compared to
SUVs and sedans, especially for families. OEMs
are also increasing investments in this segment
to include more comfort features such as those in
passenger cars in the LCV segment. An increase
in safety awareness and demand for driving
comfort among consumers will be prominent factors
for the growth of the LCV segment in the Advanced
Driver Assistance Systems (ADAS) Market. OEMs are
quick to respond to trends in the LCV segment and
are investing significantly to offer more
features in this segment. For instance, GM
announced an investment of USD 2.2 billion in its
Detroit-Hamtramck assembly plant to produce
all-electric trucks and SUVs. An additional USD
800 million will be invested for supplier tooling
and other activities related to the launch of the
new electric trucks. According to the OEM, these
pick-up trucks will be in production by late
2021. More such investments in the LCV segment
would create opportunities for ADAS solution
providers in the LCV segment. To speak to our
analyst for a discussion on the above findings,
click Speak to Analyst
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The ADAS Market is dominated by global players
such as Robert Bosch (Germany), Continental AG
(Germany), ZF Friedrichshafen (Germany), Denso
(Japan), Aptiv (UK), Valeo (France), Magna
International (Canada). Europe is expected to be
the largest Advanced Driver Assistance Systems
(ADAS) Market in 2020 Stringent safety
regulations are expected to drive the demand for
ADAS in Europe. France is one of the
fastest-growing markets for ADAS in Europe. In
2018, France contributed approximately 12 to the
total vehicle production in the region as per the
European Automobile Manufacturers Association.
Several safety mandates have been implemented by
the French government. For instance, in 2015, the
government made it compulsory to install
automatic emergency braking (AEB) and lane
departure warning (LDW) in all new heavy
trucks. The increasing production and sales of
luxury vehicles due to strong economic growth
play a major role in Germany. Major German OEMs
such as Volkswagen and Daimler AG have
incorporated advanced features to enhance the
driving experience. These OEMs offer most ADAS
features as standard in their premium segment
vehicles. Request FREE Sample Report _at_
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.asp?id1201
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