Global Advanced Driver Assistance System (ADAS) Market to Reach $97.3 Billion by 2030
The global market for Advanced Driver Assistance System (ADAS) estimated at US$27.6 Billion in the year 2022, is projected to reach a revised size of US$97.3 Billion by 2030, growing at a CAGR of 17.1% over the analysis period 2022-2030. Adaptive Cruise Control, one of the segments analyzed in the report, is projected to record 20.1% CAGR and reach US$31.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Autonomous Emergency Braking segment is readjusted to a revised 18.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $8.1 Billion, While China is Forecast to Grow at 16.2% CAGR
The Advanced Driver Assistance System (ADAS) market in the U.S. is estimated at US$8.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$16.6 Billion by the year 2030 trailing a CAGR of 16.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 14.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.Select Competitors (Total 43 Featured) -
- Autoliv, Inc.
- Continental AG
- Hyundai Mobis Co., Ltd.
- Magna International, Inc.
- Mobileye Vision Technologies Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Autoliv, Inc.
- Continental AG
- Hyundai Mobis Co., Ltd.
- Magna International, Inc.
- Mobileye Vision Technologies Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 294 |
Published | May 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 24.1 Billion |
Forecasted Market Value ( USD | $ 62.7 Billion |
Compound Annual Growth Rate | 14.6% |
Regions Covered | Global |