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 $26 billion in 2023 at a CAGR of 12% from 2023 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.
Download sample by clicking on automotive ADAS
market.
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 helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast
visit Lucintel’s Analytics Dashboard.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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