| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 33.9 Billion | USD 110.2 Billion | 12.5% | 2024 |
FrequentlyAsked Questions
ADAS, commonly known as Advanced Driver Assistance Systems, is an advanced technology that is equipped in a car and uses sensors, cameras, and other technologies to make driving safer, comfortable, and easier while lowering the risk of human error.
The Automotive ADAS (ADAS) sector is flourishing due to several factors such as the growing automotive industry, increasing product launches, technological advancements, stringent regulations, growing demand for autonomous vehicles, and Others.
The major challenge for the automotive advanced driver assistance system (ADAS) market is the lack of standardization and complexity in integration.
Based on the component, the sensors segment is expected to dominate the industry growth during the projected period.
The increasing safety regulations and technological advancements, such as AI, are impacting the automotive advanced driver assistance system (ADAS) industry growth over the projected period.
According to the report, the global automotive advanced driver assistance system (ADAS) market size was worth around USD 33.9 billion in 2024 and is predicted to grow to around USD 110.2 billion by 2034.
The global automotive advanced driver assistance system (ADAS) market is expected to grow at a CAGR of 12.5% during the forecast period.
The global automotive advanced driver assistance system (ADAS) industry growth is expected to be driven by the North American region. It is currently the world’s highest-revenue-generating market, driven by innovative product launches and the presence of major players.
The global automotive advanced driver assistance system (ADAS) market is dominated by players like Altera Corporation, Autoliv, DENSO CORPORATION, Continental AG, Garmin Ltd., Magna International Inc., Mobileye, Robert Bosch GmbH, Valeo SA, Wabco Holdings Inc., NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Texas Instruments, and Aptiv, among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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