ADAS & Autonomous Driving Components Market Trends: Detailed Insights on Size, Share, and Growth Projections for 2028

According to MarkNtel Advisors study the Global ADAS & Autonomous Driving Components Market is expected to grow at a CAGR of around 21% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: ADAS & Autonomous Driving Components market

Key Driver: Stringent Safety Standards & the Mounting Demand for Autonomous Vehicles

Governments of various countries worldwide are mandating the integration of advanced safety features in vehicles, such as LDW (Lane Departure Warning) & AEB (Automatic Emergency Braking), to provide drivers with enhanced safety & comfort and reduce the rising number of road accidents. Several consumers are showing greater interest in autonomous vehicles integrated with advanced technologies like LiDAR, radar sensors, ultrasonic sensors, & HD cameras for data collection that help increase driving accuracy. These ongoing trends in the automotive sector are the major aspects projected to drive the Global ADAS & Autonomous Driving Components Market during 2023-28.

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Scope of the Report and ADAS & Autonomous Driving Components Market Segmentation:

By Level of Automation

• Level 1 (Advanced Driving Assist Systems)
• Level 2 (Partial Automation)
• Level 3 (Conditional Automation)
• Level 4 (High Automation)
• Level 5 (Full Automation)

By Vehicle Type

• Passenger Car
• Commercial Vehicle
  • Light Commercial Vehicle
  • Medium Weight Commercial Vehicle
  • Heavy Commercial Vehicle
  • Ultra Heavy Commercial Vehicle 

By Components Type

• Camera
• Radar
• Ultrasonic Sensors
• LiDAR
  • Mechanical Automotive LiDAR
  • Solid State Automotive LiDAR
• Electronic Control Unit

Here, LiDAR is projected to attain a notable market share in the coming years.

By System

• Adaptive Cruise Control (ACC)
• Adaptive Front Light (AFL)
• Automatic Emergency Braking (AEB)
• Blind Spot Detection (BSD)
• Cross Traffic Alert (CTA)
• Driver Monitoring System (DMS)
• Forward Collision Warning (FCW)
• Intelligent Park Assist (IPA)
• Lane Departure Warning (LDW)
• Night Vision System (NVS)
• Pedestrian Detection System (PDS)
• Road Sign Recognition (Rsr)
• Tire Pressure Monitoring System (TPMS)
• Traffic Jam Assist (TJA)

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ADAS & Autonomous Driving Components Market Competitive Landscape

• Analog Devices Inc.
• Autoliv Inc
• Continental AG
• Delphi Automotive PLC
• DENSO Corporation
• HERE
• IBEO Automotive Systems GmbH
• Infineon Technologies AG
• Intel Corporation
• LeddarTech

ADAS & Autonomous Driving Components Market Development:

• In February 2023, ZF Friedrichshafen AG launched OnTraX Lane Keeping Assist Technology, combined with ReAX adaptive steering, for 2023 PACCAR Trucks to help enhance fleet efficiency & driver safety.
• In February, Valeo & the BMW Group announced to co-develop fully-automated parking technologies up to Level 4. Earlier on 28 June 2022, both companies entered into a partnership under which Valeo will provide the ADAS domain controller, sensors, & software for parking & manoeuvering for BMW's next-generation modular 'Neue Klasse' platform for EV, which are expected to launch in 2025.
• In February 2022, Opsys-Tech announced that it will supply LiDAR systems to a Germany-based automotive parts supplier, HASCO Hasenclever GmbH + Co KG based, for inclusion in vehicle production as early as 2023 or 2025.

Geographical Analysis:

By Region

• North America
• South America
• Asia-Pacific
• Europe
• Middle East & Africa

Of all regions globally, Asia-Pacific is expected to acquire a prominent share of the ADAS & Autonomous Driving Component Market during 2023-28.

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