Global Automotive Adas And Park Assist Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 23,740.00 Billion |
 Market Size (Forecast Year) |
USD 114,160.00 Billion |
 CAGR |
% |
| Major Markets Players |
Global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market, By System (Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assist, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Tire Pressure Monitoring System, Traffic Jam Assist), Component (Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor), Offering (Hardware, Software), Vehicle Type (Buses, Light Commercial Vehicles, Passenger Cars, Trucks), Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Propulsion (Electric, Petrol, Diesel) – Industry Trends and Forecast to 2030.
Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market Analysis and Size
Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist have become of high use across numerous businesses and corporations to decline the potential liability when their personnel travel. Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist majorly covers accidental death and dismemberment, along with medical benefits such as sickness.
Data Bridge Market Research analyses that the global automotive advanced driver assistance systems (ADAS) and park assist market which was USD 23,740 million in 2022, is expected to reach USD 1,14,160 million by 2030, and is expected to undergo a CAGR of 21.69% during the forecast period 2023-2030. This indicates the market value. “Adaptive Cruise Control” because it combines safety and convenience. It helps maintain a safe following distance from the vehicle ahead, reducing the risk of rear-end collisions, and it also reduces driver fatigue during long highway drives. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customisable to 2015-2020) |
|
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
|
Segments Covered |
System (Adaptive Cruise Control, Adaptive Front Light, Automatic Emergency Braking, Blind Spot Detection, Cross Traffic Alert, Driver Monitoring System, Forward Collision Warning, Intelligent Park Assist, Lane Departure Warning, Night Vision System, Pedestrian Detection System, Road Sign Recognition, Tire Pressure Monitoring System, Traffic Jam Assist), Component (Camera Unit, Lidar Sensor, Radar Sensor, Ultrasonic Sensor), Offering (Hardware, Software), Vehicle Type (Buses, Light Commercial Vehicles, Passenger Cars, Trucks), Electric Vehicle Type (Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Propulsion (Electric, Petrol, Diesel) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa |
|
Market Players Covered |
Robert Bosch GmbH (Germany), Continental AG (Germany), Aptiv (U.S.), Lear Corporation (U.S.), DENSO CORPORATION (Japan), Texas Instruments Incorporated (U.S.), Renesas Electronics Corporation (Japan), HELLA GmbH & Co. KG. (Germany), Visteon Corporation (U.S.), ST Microelectronics (Switzerland), Infineon Technologies AG (Germany), Mitsubishi Electric Corporation (Japan), Panasonic Corporation (Japan), ROHM Co. LTD. (Japan), MAXIM Integrated (U.S.) |
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Market Opportunities |
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Market Definition
Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist have become of high use across numerous businesses and corporations to decline the potential liability when their personnel travel. Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist majorly covers accidental death and dismemberment, along with medical benefits such as sickness. These policies may even be extended to include coverage for employees working on-site.
Global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market Dynamics
Drivers
- Unexpected Emergency Medical Evacuation
The rise in the demand for business travel accident (BTA) insurance as it offers security and safety during unexpected emergency medical evacuation for employees acts as one of the major factors driving the global automotive advanced driver assistance systems (ADAS) and park assist market. This covers companies against financial uncertainties that may arise from unfortunate instances such as accidents, baggage, flight cancellation, injuries and loss of baggage.
- Global Economic Growth
The rise in the economic growth along with transformation of trade practices accelerate the market growth. The increase in popularity of price comparison applications and websites and trend of multi-trip policies have positive impact on the market.
Opportunity
- Safety Enhancement
The primary goal of ADAS is to enhance road safety by preventing accidents and reducing the severity of collisions. As safety regulations become more stringent worldwide, there is a growing demand for ADAS features like adaptive cruise control, lane departure warning, and automatic emergency braking systems.
Restraint/Challenge
- High Cost
On the other hand, high cost associated with the quality Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist is expected to obstruct market growth. Also, lack of awareness among business owners toward travel insurance policy is projected to challenge the global automotive advanced driver assistance systems (ADAS) and park assist market in the forecast period of 2023-2030.
This global automotive advanced driver assistance systems (ADAS) and park assist market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global automotive advanced driver assistance systems (ADAS) and park assist market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In June 2022, Hexagon, a multibillion dollar market leader in sensor, software, and digital reality solutions, is supporting start-ups to boost productivity and ESG. Hexagon Manufacturing Intelligence Division awarded SmartParts and RIIICO recognition. The manufacturing sector's efficiency and sustainability will rise thanks to the open innovation platform's assistance in scaling startups and expanding connectivity with top-tier businesses
- In June 2022, Construct Helix was introduced by Bentley Acceleration Initiatives, the company's internal incubator for strategic investments. Bentley Systems is a provider of infrastructure engineering software. By offering SaaS solutions that will enable a connected data environment, it is specifically designed to digitalize the flow of construction project workflows.
Global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Scope
The global automotive advanced driver assistance systems (ADAS) and park assist market is segmented on the basis of component, offering, vehicle type, electric vehicle type and propulsion. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Camera Unit
- Lidar Sensor
- Radar Sensor
- Ultrasonic Sensor
Offering
- Hardware
- Software
Vehicle Type
- Buses
- Light Commercial Vehicles
- Passenger Cars
- Trucks
Electric Vehicle Type
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-In Hybrid Electric Vehicle
Propulsion
- Electric
- Petrol
- Diesel
Global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market Regional Analysis/Insights
The global automotive advanced driver assistance systems (ADAS) and park assist market is segmented on the basis of component, offering, vehicle type, electric vehicle type and propulsion as referenced above.
The countries covered in the global automotive advanced driver assistance systems (ADAS) and park assist market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the global automotive advanced driver assistance systems (ADAS) and park assist market due to the rise in expansion of businesses and large market share of the UK and Germany.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2023-2030 because of the surge in investments and increase in travel in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Advanced Driver Assistance Systems (ADAS) and Park Assist Market Share Analysis
The global automotive advanced driver assistance systems (ADAS) and park assist market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global automotive advanced driver assistance systems (ADAS) and park assist market.
Some of the major players operating in global automotive advanced driver assistance systems (ADAS) and park assist market are
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Aptiv (U.S.)
- Lear Corporation (U.S.)
- DENSO CORPORATION (Japan)
- Texas Instruments Incorporated (U.S.)
- Renesas Electronics Corporation (Japan)
- HELLA GmbH & Co. KG. (Germany)
- Visteon Corporation (U.S.)
- ST Microelectronics (Switzerland)
- Infineon Technologies AG (Germany)
- Mitsubishi Electric Corporation (Japan)
- Panasonic Corporation (Japan)
- ROHM Co. LTD. (Japan)
- MAXIM Integrated (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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