Automotive ADAS market looks promising, with opportunities in automatic emergency braking, forward collision warning, adaptive cruise control, and more.
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.
Emerging Trends in the Automotive ADAS Market
Emerging trends in the automotive ADAS market shaping its future applications and market dynamics:
• Integration of AI and Machine Learning: ADAS systems increasingly exploit artificial intelligence (AI) and machine learning algorithms to improve real-time decision-making capabilities. Thus, this technology improves ADAS accuracy in object detection, lane keeping and collision avoidance.
• Sensor Fusion and Advanced Sensors: The current trend is moving towards sensor fusion that combines data from a number of sensors such as radar, lidar, cameras, and ultrasonic sensors. As a result, it provides a panoramic representation of the vehicle environment enabling the system to work better in different driving situations.
• Autonomous Emergency Braking (AEB): AEB systems have evolved with improvements in sensor technology and AI, making it possible for vehicles to automatically apply brakes when they detect that they are about to collide with another automobiles or human beings or objects. In addition to all these features AEB has predictive analytics integrated.
• Vehicle-to-Everything (V2X) Communication: V2X communication technologies are being incorporated into ADAS allowing cars communicate with each other (V2V), infrastructure (V2I), pedestrians (V2P), and the cloud(V2C). It allows for situation awareness improvement; thus traffic management as well as ensuring road safety holistically.
• Augmented Reality (AR) and Head-Up Displays (HUD): This technology brings augmented reality(AR)and heads up displays(HUDs) into ADAS’ implementations for real time driver information on screen within the field of vision. This, thus, means that drivers can be aware of their surroundings without diverting attention from driving.
• Driver Monitoring Systems (DMS): DMS are increasing their complexity by deploying advanced sensors together with AI techniques to monitor driver attention span fatigue and alertness. These systems also respond through distraction signals during accident prevention measures due to loss of concentration or sleepiness.
Recent Development in the Automotive ADAS Market
Ongoing innovations and advancements in various sectors of the automotive ADAS market which have been highlighted by recent developments:
•Bosch: Bosch has introduced its latest ADAS technology featuring improved sensor fusion and enhanced machine learning algorithms. This aims to provide better object detection and predictive capabilities in challenging driving conditions.
• NVIDIA: NVIDIA announced advancements in its DRIVE platform, which now includes more powerful GPUs and AI capabilities for real-time processing of ADAS data. This update is expected to enhance autonomous driving features and safety.
• Mobileye (Intel): Mobileye has unveiled its new EyeQ6 chip, which integrates advanced ADAS functions with enhanced processing power and lower energy consumption. This chip is designed to support higher levels of automation and improved safety features.
• Continental: Continental has expanded its ADAS portfolio with new radar and camera systems designed to improve lane-keeping assistance and adaptive cruise control. These systems offer increased accuracy and reliability for drivers.
• Aptiv: Aptiv has launched an enhanced version of its ADAS platform, integrating advanced sensor technology with AI-driven analytics. This upgrade aims to provide better collision avoidance and automated parking features.
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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.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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