Market Size of Asia-Pacific Automotive Advanced Driver Assistance Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 16.96 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Automotive Advanced Driver Assistance Systems Market Analysis
The Asia-Pacific Automotive Advanced Driver Assistance Systems Market is valued at USD 16.15 Billion in 2021 and is expected to reach USD 40.92 Billion in 2027, registering a CAGR of 16.96% during the forecast period (2022-2027).
The COVID-19 pandemic had a massive impact on the market as lockdowns and trade restrictions have led to supply chain disruptions and a halt of vehicle production across the world. However, as restrictions eased, players started focusing on mitigating such risks and developments to create momentum in the market during the forecast period.
Growing production of vehicles with integrated ADAS features in the wake of rising awareness toward comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market.
Additionally, technological advancements in advanced driver assistance systems and a growing emphasis on multifunctional systems create lucrative opportunities for players in the market.
APAC Automotive Advanced Driver Assistance Systems Industry Segmentation
Asia-Pacific Automotive Advanced Driver Assistance Systems Market is segmented by Type, Technology, Vehicle Type, and Country.
By Type, the market is segmented as Parking Assist systems, Adaptive Front-lighting, Night Vision systems, Blind Spot Detection, Advanced Automatic Emergency Braking systems, Collision Warning, Driver Drowsiness Alert, Traffic Sign Recognition, Lane Departure Warning, and Adaptive Cruise Control.
By Technology, the market is segmented into RADAR, LiDAR, and Camera.
By Vehicle Type, the market is segmented as Passenger Cars and Commercial Vehicles.
And by Country, the market is segmented as China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific.
Asia-Pacific Automotive Advanced Driver Assistance Systems Market Size Summary
The Asia-Pacific Automotive Advanced Driver Assistance Systems (ADAS) market is poised for significant growth, driven by increasing vehicle production with integrated ADAS features and rising consumer awareness of passenger safety and comfort. The market is recovering from the disruptions caused by the COVID-19 pandemic, with players focusing on mitigating risks and leveraging technological advancements to create momentum. The growing acceptance of self-driving and automated vehicles, along with government regulations mandating safety features, is expected to further propel market demand. The market is witnessing a shift as ADAS components, previously limited to high-end models, are now being incorporated into entry-level vehicles, enhancing safety and security in daily driving.
China and India are emerging as key markets within the region, with China being one of the largest automotive markets globally. The Chinese government's focus on advanced vehicle technologies, including ADAS, presents a significant opportunity for market growth. Similarly, India's gradual adoption of ADAS features in passenger cars indicates a burgeoning market potential. Major automakers are launching new models equipped with these technologies, and partnerships among key players are fostering innovation and development in the sector. The market is expected to benefit from the increasing consumer readiness to invest in advanced technologies that enhance driving experience and safety, alongside the potential of vehicle-to-vehicle communication to further advance connected vehicle technology.
Asia-Pacific Automotive Advanced Driver Assistance Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Parking Assist System
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2.1.2 Adaptive Front-lighting
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2.1.3 Night Vision System
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2.1.4 Blind Spot Detection
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2.1.5 Advanced Automatic Emergency Braking System
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2.1.6 Collision Warning
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2.1.7 Driver Drowsiness Alert
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2.1.8 Traffic Sign Recognition
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2.1.9 Lane Departure Warning
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2.1.10 Adaptive Cruise Control
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2.2 Vehicle Type
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2.2.1 Passenger Car
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2.2.2 Commercial Vehicles
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2.3 Technology Type
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2.3.1 RADAR
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2.3.2 LiDAR
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2.3.3 Camera
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2.4 Country
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2.4.1 China
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2.4.2 India
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2.4.3 Japan
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2.4.4 South Korea
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2.4.5 Australia
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2.4.6 Rest of Asia-Pacific
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Asia-Pacific Automotive Advanced Driver Assistance Systems Market Size FAQs
What is the current Asia-Pacific Automotive Advanced Driver Assistance Systems Market size?
The Asia-Pacific Automotive Advanced Driver Assistance Systems Market is projected to register a CAGR of 16.96% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Automotive Advanced Driver Assistance Systems Market?
Denso Corporation, Continental AG, Aptiv Plc (Delphi Technologies), Robert Bosch GmbH and ZF Friedrichshafen AG are the major companies operating in the Asia-Pacific Automotive Advanced Driver Assistance Systems Market.
