Advanced Driver Assistance Systems (ADAS) Market worth $83.0 billion by 2030
                     MarketsandMarkets 
Presents
Advanced Driver Assistance 
Systems (ADAS) Market worth 
$83.0 billion by 2030
https://www.marketsandmarkets.com/Market-Reports/driver-assistan
ce-systems-market-1201.html
 
The report "Advanced Driver Assistance Systems (ADAS) Market by 
System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), 
Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, 
LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, 
EV, and Region - Global Forecast to 2030", size is projected to grow from 
USD 27.0 billion in 2020 to USD 83.0 billion by 2030, at a CAGR of 11.9%. 
The increasing adoption of ADAS & safety features, the focus of governments 
to enhance vehicle and pedestrian safety, initiatives by OEMs to provide 
advanced safety features, and the advent of autonomous vehicles will surge 
the demand for ADAS.
Browse 283 market data Tables and 87 Figures spread through 311 
Pages and in-depth TOC on "Advanced Driver Assistance Systems 
(ADAS) Market”
Vehicle production was low in April 2020 in major European countries and the 
US due to the ongoing COVID-19 pandemic. Earlier, the Advanced Driver 
Assistance Systems (ADAS) Market was expected to witness rapid growth 
from 2022 onward as major safety regulations are outlined to be imposed, 
and deployment of autonomous driving systems was planned during the 
same timeline. As vehicle production is suspended, any new investment for 
advanced technology is unlikely. OEMs and tier 1 players are either using 
cash reserves or acquiring funds to continue operations during the crisis. 
OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 
2020.
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TPMS is expected to be the largest segment in the Advanced Driver 
Assistance Systems (ADAS) Market
A tire pressure monitoring system (TPMS) uses sensors to detect tire pressure 
levels and alert the driver when the tire pressure is low. Two TPMS 
implementations are available: direct and indirect. Indirect TPMS uses ABS 
sensors to detect low tire pressure. If the pressure in a tire is dangerously 
low, its wheel speed will be different than the others. The ECU analyzes the 
rotation information and informs the driver about the low tire pressure. Direct 
TPMS uses different pressure monitoring sensors for individual tires. These 
sensors transmit the data to the ECU for analysis, and every sensor has a 
unique serial number. Post analysis, the system can easily identify the tire 
with low pressure using the serial number and display a visual warning on the 
dashboard.
The inclusion of TPMS is standard in all leading automobile markets such as 
the US, European countries, and some Asia Pacific countries. While TPMS was 
earlier mandated only for passenger cars in Europe, it is now to be 
mandatorily installed in vans, trucks, and buses by 2022. China announced 
that all new vehicles from 2019 would have standard TPMS, while Japan, 
Russia, South Korea, and Turkey have already mandated TPMS as a standard 
in new vehicles. Such large-scale regulation of TPMS has spiked its 
penetration in major automotive markets. 
LCV segment will be a key market for ADAS
Light commercial vehicles (LCVs) are most often used for last-mile 
distribution and personal travel. OEMs such as Ford Motors and Nissan are 
offering LCVs fitted with ADAS systems. Pick-up trucks are significantly 
popular and a major revenue source for OEMs such as GMC and Ford in the 
US. These OEMs offer a wide range of these trucks to attract more 
consumers. They are one of the most versatile vehicles under any driving 
conditions, which makes them a preferred choice compared to SUVs and 
sedans, especially for families. OEMs are also increasing investments in this 
segment to include more comfort features such as those in passenger cars in 
the LCV segment.
An increase in safety awareness and demand for driving comfort among 
consumers will be prominent factors for the growth of the LCV segment in the 
Advanced Driver Assistance Systems (ADAS) Market. OEMs are quick to 
respond to trends in the LCV segment and are investing significantly to offer 
more features in this segment. For instance, GM announced an investment of 
USD 2.2 billion in its Detroit-Hamtramck assembly plant to produce all-
electric trucks and SUVs. An additional USD 800 million will be invested for 
supplier tooling and other activities related to the launch of the new electric 
trucks. According to the OEM, these pick-up trucks will be in production by 
late 2021. More such investments in the LCV segment would create 
opportunities for ADAS solution providers in the LCV segment.
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The ADAS Market is dominated by global players such as Robert Bosch 
(Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso 
(Japan), Aptiv (UK), Valeo (France), Magna International (Canada).
Europe is expected to be the largest Advanced Driver Assistance 
Systems (ADAS) Market in 2020
Stringent safety regulations are expected to drive the demand for ADAS in 
Europe. France is one of the fastest-growing markets for ADAS in Europe. In 
2018, France contributed approximately 12% to the total vehicle production 
in the region as per the European Automobile Manufacturers Association. 
Several safety mandates have been implemented by the French government. 
For instance, in 2015, the government made it compulsory to install 
automatic emergency braking (AEB) and lane departure warning (LDW) in all 
new heavy trucks.
The increasing production and sales of luxury vehicles due to strong 
economic growth play a major role in Germany. Major German OEMs such as 
Volkswagen and Daimler AG have incorporated advanced features to enhance 
the driving experience. These OEMs offer most ADAS features as standard in 
their premium segment vehicles. 
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