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The Global Automotive Adas Market Is Expected To Reach An Estimated $58 Billion By 2030
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
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: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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