Automotive vision, MMW radar and ADAS are the market segments that develop first with the MMW radar market enjoying an impressive growth rate, closely followed by low-speed autonomous driving. While LiDAR, commercial-vehicle autonomous driving and passenger-car autonomous driving markets lag behind.
Market Analysis and Insights: Global and United States ADAS Market
This report focuses on global and United States ADAS market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global ADAS market size is estimated to be worth US$ 29740 million in 2022 and is forecast to a readjusted size of US$ 57760 million by 2028 with a CAGR of 11.7% during the review period. Fully considering the economic change by this health crisis, by Type, Hardware accounting for % of the ADAS global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, PC was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
As the automobile enters an era of ADAS and autonomous driving, product iteration races up and lifecycle of products is shortened. The automotive market is far smaller than consumer electronics market but sees bigger difficulty in design and higher design and production costs than that in consumer electronics market. Thus automotive ADAS and autonomous driving processor is confronted with higher risks. Hence adequate financial and human resources are required to support the development of automotive ADAS and autonomous driving processors. Globally, only very a few enterprises like NXP and Renesas are capable of developing whole series of ADAS and autonomous driving processors.
Global ADAS Scope and Market Size
ADAS market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global ADAS market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the ADAS market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Hardware
Software
Segment by Application
PC
LCV
Buses
Trucks
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Aisin Seiki
Autoliv
Bosch
Continental
Delphi Automotive
Denso
Freescale Semiconductors
Gentex
Harman International
Hella
Hyundai Mobis
Magna International
Mobileye
NVIDIA
Panasonic
Joyson Safety Systems
Texas Instruments
TRW Automotive
Valeo