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ADAS Trends and Forecast
The future of the global ADAS market looks promising with opportunities in the passenger car, light commercial vehicle, bus, and truck markets. The global ADAS market is expected to reach an estimated $52.4 billion by 2030 with a CAGR of 9.3% from 2024 to 2030. The major drivers for this market are rising concern towards enhanced vehicle safety, increasing integration of comfort-enhancing features with ADAS, and growing inclination of customers towards luxury vehicles.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

ADAS by Segment

The study includes a forecast for the global ADAS by vehicle type, offering, component, level of autonomy, and region.

ADAS Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Light Commercial Vehicles
• Buses
• Trucks







ADAS Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software









ADAS Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Camera Unit
• LiDAR
• Radar
• Ultrasonic Sensor







ADAS Market by Level of Autonomy [Shipment Analysis by Value from 2018 to 2030]:
• L1
• L2
• L3
• L4
• L5






ADAS Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of ADAS Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ADAS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ADAS companies profiled in this report include-
• Robert Bosch
• Denso
• Continental
• Magna International
• ZF Friedrichshafen







ADAS Market Insights

Lucintel forecasts that L1 will remain the largest segment over the forecast period due to increasing demand for these systems in passenger car.
Within this market, passenger car will remain the largest segment due to increasing desire for vehicles, which delivers enhanced safety and comfort.
APAC is expected to witness highest growth over the forecast period due to increasing production of passenger cars and commercial vehicles and presence of major OEMs in the region.

Features of the Global ADAS Market
Market Size Estimates: ADAS market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: ADAS market by various segments, such as by vehicle type, offering, component, level of autonomy and region in terms of($B).
Regional Analysis: ADAS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle types, offerings, components, level of autonomy, and regions for the ADAS market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ADAS market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ
Q.1 What is the ADAS market size?
Answer: The global ADAS market is expected to reach an estimated $52.4 billion by 2030.
Q.2 What is the growth forecast for ADAS market?
Answer: The global ADAS market is expected to grow with a CAGR of 9.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the ADAS market?
Answer: The major drivers for this market are rising concern towards enhanced vehicle safety, increasing integration of comfort-enhancing features with ADAS, and growing inclination of customers towards luxury vehicles.
Q4. What are the major segments for ADAS market?
Answer: The future of the ADAS market looks promising with opportunities in the passenger car, light commercial vehicle, bus, and truck markets.
Q5. Who are the key ADAS market companies?
Answer: Some of the key ADAS companies are as follows:
• Robert Bosch
• Denso
• Continental
• Magna International
• ZF Friedrichshafen





Q6. Which ADAS market segment will be the largest in future?
Answer: Lucintel forecasts that L1 will remain the largest segment over the forecast period due to increasing demand for these systems in passenger car.
Q7. In ADAS market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing production of passenger cars and commercial vehicles and presence of major OEMs in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ADAS market by vehicle type (passenger cars, light commercial vehicles, buses, and trucks), offering (hardware and software), component (camera unit, lidar, radar, and ultrasonic sensor), level of autonomy (L1, L2, L3, L4, and L5), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to ADAS market or related to ADAS companies, ADAS market size, ADAS market share, ADAS market growth, ADAS market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global ADAS Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global ADAS Market Trends (2018-2023) and Forecast (2024-2030)

3.3: Global ADAS Market by Vehicle Type
3.3.1: Passenger Cars
3.3.2: Light Commercial Vehicles
3.3.3: Buses
3.3.4: Trucks







3.4: Global ADAS Market by Offering
3.4.1: Hardware
3.4.2: Software








3.5: Global ADAS Market by Component
3.5.1: Camera Unit
3.5.2: LiDAR
3.5.3: Radar
3.5.4: Ultrasonic Sensor







3.6: Global ADAS Market by Level of Autonomy
3.6.1: L1
3.6.2: L2
3.6.3: L3
3.6.4: L4
3.6.5: L5




4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global ADAS Market by Region
4.2: North American ADAS Market
4.2.1: North American ADAS Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, and Trucks
4.2.2: North American ADAS Market by Level of Autonomy: L1, L2, L3, L4, and L5




4.3: European ADAS Market
4.3.1: European ADAS Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, and Trucks
4.3.2: European ADAS Market by Level of Autonomy: L1, L2, L3, L4, and L5





4.4: APAC ADAS Market
4.4.1: APAC ADAS Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, and Trucks
4.4.2: APAC ADAS Market by Level of Autonomy: L1, L2, L3, L4, and L5




4.5: ROW ADAS Market
4.5.1: ROW ADAS Market by Vehicle Type: Passenger Cars, Light Commercial Vehicles, Buses, and Trucks
4.5.2: ROW ADAS Market by Level of Autonomy: L1, L2, L3, L4, and L5



5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global ADAS Market by Vehicle Type
6.1.2: Growth Opportunities for the Global ADAS Market by Offering
6.1.3: Growth Opportunities for the Global ADAS Market by Component
6.1.4: Growth Opportunities for the Global ADAS Market by Level of Autonomy
6.1.5: Growth Opportunities for the Global ADAS Market by Region

6.2: Emerging Trends in the Global ADAS Market

6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global ADAS Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global ADAS Market
6.3.4: Certification and Licensing


7. Company Profiles of Leading Players
7.1: Robert Bosch
7.2: Denso
7.3: Continental
7.4: Magna International
7.5: ZF Friedrichshafen
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.

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