Automotive ADAS and Autonomous Vehicles Market Trends and Analysis by Technology, Companies and Forecast to 2028
All the vital news, analysis, and commentary curated by our industry experts.
Automotive ADAS and Autonomous Vehicles Market Report Overview
The ADAS and autonomous vehicles market size is estimated at 516.3 million units in 2023. The development of artificial chips and the adoption of legislation in various countries to facilitate autonomous vehicle development and deployment are driving the market’s growth. Furthermore, rising competition from industry outsiders and a geopolitical race to dominate the car industry with higher stakes are some of the key trends likely to aid the market in garnering a CAGR of more than 6% during the projected period.
ADAS and Autonomous Vehicles Market Outlook 2023-2028 (Million Units)
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The ADAS and autonomous vehicles market research report offers a comprehensive analysis of the trends & drivers, technological developments, PESTER outlook, sector forecast, and competitive landscape. The report brings together multiple data sources to provide a detailed overview of the global ADAS and autonomous vehicles sector during the projected period.
|Market Size (2023)||516.3 million units|
|CAGR (2023-2028)||> 6%|
|Key Segments||· Front Cameras
· Front Ultrasound Sensors
· Side Ultrasound Sensors
· Rear Ultrasound Sensors
|Key Regions||· Asia-Pacific
· North America
· South America
|Key Companies||· Audi
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ADAS and Autonomous Vehicles Market Segmentation by Sectors
In 2023, front cameras garnered the largest share among all ADAS and autonomous vehicle segments.
The key sectors in the ADAS and autonomous vehicles market are –
- Radar-Short/Medium Range
- Front Cameras
- Front Ultrasound Sensors
- Side Ultrasound Sensors
- Rear Ultrasound Sensors
The radar-short/medium range held the largest share of the market in 2023 and it is anticipated to record an impressive CAGR during the forecast period.
ADAS and Autonomous Vehicles Market Analysis by Sectors, 2023 (%)
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ADAS and Autonomous Vehicles Market Segmentation by Region
In 2023, Asia-Pacific leads the ADAS and autonomous vehicles market, followed by North America, and Europe.
The key regions in the ADAS and autonomous vehicles market are –
- North America
- South America
Asian countries are at the forefront of active safety technology adoption which in turn drives the demand for ADAS-enabled vehicles. The Japanese government worked with regional automakers and suppliers like Toyota, Honda, Nissan, Denso, Panasonic, and Hitachi as well as research centers from the Universities of Tokyo and Nagoya to permit autonomous vehicle testing on roads. As Chinese local governments invest in autonomous driving R&D, companies such as Volvo, Baidu, and BAIC Motor Corporation have received support from the government for future testing.
ADAS and Autonomous Vehicles Market Analysis by Region, 2023 (%)
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ADAS and Autonomous Vehicles Market – Competitive Landscape
Some of the leading companies in the ADAS and autonomous vehicles market are Audi, Honda, Mercedez-Benz, Denso, Bosch, BMW, APTIV, and MAGNA among others. Various component suppliers such as ZF, Aptiv, Denso, Continental, Bosch, and Magna, are also involved in developing the systems for autonomous and ADAS-enabled vehicles.
ADAS and Autonomous Vehicles Market Analysis by Companies
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ADAS and Autonomous Vehicles Market – Latest Developments
- In January 2023, Harman announced new additional features for HARMAN Ready Care, which was launched last year.
- Bosch has developed a solution to create real-time maps of available parking spaces with the help of wireless sensors installed on the pavement. These sensors recognize whether a parking space is occupied or not and share this information via the Internet. In the future, even cars passing by available parking spaces will be capable of reporting them, says the supplier.
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Key Segments Covered in this Report.
Automotive ADAS and Autonomous Vehicles Sector Outlook (Volume, Million Units, 2018-2028)
- Front Cameras
- Front Ultrasound Sensors
- Side Ultrasound Sensors
- Rear Ultrasound Sensors
Automotive ADAS and Autonomous Vehicles Regional Outlook (Volume, Million Units, 2018-2028)
- North America
- South America
Provides an overview of automotive industry scenario regarding the future outlook in terms of global trends, drivers, technologies and developments. The analysis also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
Reasons to Buy
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Table of Contents
- 1. Executive Summary
- 2. Main Trends and Drivers
- 2.1 Trends
- 2.2 Drivers
- 3 Technologies and Innovations
- 4 PESTER Analysis
- 5 Sector Forecast
- 6 Latest Developments
- 7 Key Companies
- 8 Patent Analysis
- 9 Appendix
Frequently asked questions
What is the ADAS and autonomous vehicles market size in 2023?
The ADAS and autonomous vehicles market size is estimated at 516.3 million units in 2023.
What will be the CAGR in ADAS and autonomous vehicles market during 2023-2028?
The ADAS and autonomous vehicles market will record a negative CAGR of more than 6% during 2023-2028.
Which is the leading sector of the ADAS and autonomous vehicles market?
The radar-short/medium range is the leading sector of the ADAS and autonomous vehicles market in 2023.
Which is the region garnering the highest ADAS and autonomous vehicles market share?
Asia-Pacific is the region garnering the highest ADAS and autonomous vehicles market share in 2023.
Who are the leading ADAS and autonomous vehicles market players?
Audi, Honda, Mercedez-Benz, Denso, Bosch, BMW, APTIV, and MAGNA among others are some of the leading ADAS and autonomous vehicles market players.
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