According to a market report by Lucintel, the future of the global automotive ADAS market looks promising with opportunities in the automatic emergency braking system (AEBS), forward collision warning (FCW), adaptive cruise control (ACC), blind spot departure (BSD), lane departure warning (LDW), parking assistance system (PAS), pedestrian detection system (PDS), traffic recognition system (TSR), night vision (NV), and driver drowsiness detection (DDD) markets. The global automotive ADAS market is expected to reach an estimated $58 billion by 2030 from $25.6 billion in 2023 at a CAGR of 12% from 2024 to 2030. The major drivers for this market are safety regulations, consumer demand for safety and convenience, and technological advancements.
In this market, large car, SUV and crossover,and mid-size car are the major segments of automotive ADAS market by product type.
Lucintel forecasts that adaptive cruise control will remain the largest segment over the forecast period.
Within this market, large car will remain the largest segment.
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North America will remain the largest region over the forecast period.
Benteler International, Tenneco, ZF Friedrichshafen, KYB Corporation, Magneti Marelli , Mando Corporation, and NHK Spring are the major suppliers in the automotive ADAS market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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