ADAS Your browser does not support the audio element. [New] Advanced Driver-Assistance Systems (ADAS) Market is expected to reach USD 14.14 billion by 2027 witnessing market growth at a rate of 21.19% in the forecast period of 2020 to 2027. The global ADAS and autonomous driving component market is expected to be valued at $39.79 billion and 518.6 million units in 2018 and is anticipated to grow at a CAGR of 12.51% and 13.29% respectively, during the forecast period, 2019-2029. The global ADAS and autonomous driving component market is projected to grow over $136.69 billion and 1.91 billion units by 2029. Level 1 and Level 2 ADAs are already available in many new vehicles, but by 2030, predict that one in four cars sold globally will have at least Level 3 autonomous driving capabilities. The market for radar sensors for advanced driver assist systems (ADAS) and autonomous vehicles exceeds $2.15 billion and will reach $7.68 billion by 2026, according to Research and Markets. Advanced Driver System (ADAS) will be in the majority of vehicles. Advanced Driver Assistance Systems (ADAS) market, dominated by Tesla, is expected to touch $81.14 billion by 2025. By 2020, over 50% of new vehicles produced in China will have Driver Assistance, Partial Automation, or Conditional Automation (CA) systems, with over 10% connected to an Advanced Driver Assistance System (ADAS). By 2025 global deployment of ADAS is likely to approach a valuation of US$65bn and the global market for ADAS testing will exceed the US$100m mark in terms of revenues. From 2019 to 2024 the MEMS market will grow 8.3% annually in value driven by pressure, RF (for V2X 5G communications), inertial (for ADAS) and future MEMS. Touch Display Research forecasts the overall automotive touch, display, ADAS and touchless HMI market will grow from $15 billion in 2017. North America is expected to be followed by Asia-Pacific as the second largest market for ADAS and is expected to be the fastest growing market. Future trends indicate that higher safety will be achieved by automatic driving controls and a growing number of sensors both on the road infrastructure and the vehicle itself. Due to the expected increase in the number of level 2 equipped vehicles in the future years, it is anticipated that level 2 autonomous components will dominate the market. The ADAS and autonomous driving component market in the APAC is expected to grow at a faster rate in comparison to Europe and North America between 2018 and 2023. Factors such as high price of ADAS and autonomous driving components, high risks associated with autonomous components, and security concerns toward vehicle's data hampers the market growth. The development and distribution of L4 and L5 vehicles is still further down the road, but OEMs and Tier 1 suppliers are expected to accelerate L2 + features by supplementing the value proposition in the ADAS market. Advanced driver assistance systems (ADAS) is the fastest growing technology segment in the automotive market, worth an estimated $24 billion in 2018 and predicted to reach $92 billion by 2025. The market for ADAS is forecast to be worth around $70 billion by 2025. In 2020, North America, Europe, China and Japan are forecast to account for 92% of the global ADAS production and for 93% of the global ADAS revenue of USD 20.5 billion with a CAGR of 22% Park Assist remains the most popular type of ADAS. The global market for advanced driver assistance systems, known in the industry as ADAS, is expected to reach more than $67 billion by 2025, growing more than 10 percent each year. The ADAS market was estimated at $32 billion in 2017 and is expected to reach $60 billion in 2025. See full forecast Last updated: 05 July 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
