According to the recent research report titled ‘GLOBAL Advanced Driver Assistance System (Adas) Market 2019-2027’, available with Market Study Report, global advanced driver assistance system (ADAS) market is projected to record 19.46% CAGR and 21.66% CAGR with respect to revenue and volume respectively over 2019-2027.
 

Increasing number of automobile thefts, and rising vehicular production are the key factors stimulating global advanced driver assistance system (ADAS) market growth. Growing awareness regarding ADAS systems, strict government norms, and mounting acceptance of safety standards in new vehicles to avert road accidents are also contributing to the overall market outlook.
 

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Coming to the restraints, hefty cost of ADAS systems and technological limitations are hindering the business expansion. Moreover, growing competition and humans dependency are negatively impacting worldwide advanced driver assistance system (ADAS) industry remuneration.
 

As per vehicle type, the market is categorized into heavy commercial vehicles, light commercial vehicles, and passenger cars. With respect to component, the industry is split into software, processor (lidar, infrared, radar, laser, ultrasonic, image, sensor), and others.
 

Elaborating on level of automation, global advanced driver assistance system (ADAS) market is categorized into level 1 (advanced driving assist systems-ADAS), level 2 (partial automation), level 3 (conditional automation), level 4 (high automation), and level 5 (full automation).
 

Based on solutions, the industry is segmented into driver drowsiness detection, traffic sign recognition systems, advanced emergency braking system, adaptive cruise control, electronic stability control, parking assistance system, tire pressure monitoring system, adaptive front lighting systems, lane departure warning systems, collision warning systems, blind spot detection, and others.  
 

On the regional front, Europe held 39.1% of global advanced driver assistance system (ADAS) industry share in 2018, owing to presence of major automakers in the region, technological advancements, along with improved infrastructure & facilities for manufacturing.
 

Key players influencing global advanced driver assistance system (ADAS) industry trends are Infineon Technologies AG, Magna International Inc., Mobileye N.V., Valeo S.A., ZF TRW Automotive Holdings Corp., WABCO Holdings Inc., Texas Instruments Inc., Takata Corporation, Samvardhana Motherson Reflectec (SMR), Robert Bosch GmbH, Renesas Electronics Corporation, Panasonic Corporation, NXP Semiconductors N.V., Hyundai Mobis Co. Ltd., and  Hella KGaA Hueck & Co.  among others.