Advanced Driver Assistance Systems (ADAS) Market by Type, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Advanced Driver Assistance Systems (ADAS) Market was valued at USD 32.2 Billion in 2019, growing at CAGR of 21.2% from 2020–2026. High demand for safety features, increased requirement for comfort and efficiency coupled with rising demand for advanced systems such as drowsiness monitoring, night vision, and road sign recognition system are driving the market growth.

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Advanced driver assistance systems (ADAS) is a cluster of systems in vehicles to enable a smart and safe driving experience to users. It is incorporated with a human machine interface that ensures high safety in cars and on road conditions. While most accidents happen due to human errors, advanced driver assistance systems immediately adapt to surrounding conditions for better driving experience. Various strategies from the safety point of view are set as a part of integrated safe system approach and putting this in an initiative road safety is of a high concern. Systems such as smart keys in driverless cars hold a strong future depending upon acceptance by young drivers.

In European regions, various institutions have played a crucial role in promoting safety policies as vehicle safety is a key concern that is addressed on national and global level. The purpose is to minimize road casualty and currently it involves a measure of injury prevention and crash avoidance. Moreover, technological progress for road safety is collectively known as ITS (intelligent transport systems) or support technologies that reflect upon surge in electronic and telecommunication within the road transport sector. Predictive technologies and constant research pertaining to effect of systems is highly felt at present. Robustness in data and statistical approach is helping the survey to understand the demand trend for ADAS vehicles.

Advanced Driver Assistance Systems (ADAS) Market Trends, Drivers and Opportunities:

The key driving factors that attribute for the growth of Advanced Driver Assistance Systems (ADAS) market are rising need for enhanced safety and stringent norms by government pertaining to passenger safety and transport. Technological advancements in the vehicle monitoring system is likely to trigger the market growth during the forecast period. Government initiatives such as safety campaigns, awareness drives and safety policies are likely to enhance the market growth. However, the lack of awareness about technology and irregular demand in developing countries creates hindrance in the market growth. Moreover, technical complicacies such as failure of cockpit or machine interface drives into errors which in turn disturbs the popularity of Advanced Driver Assistance Systems (ADAS) systems in passenger vehicles.