Automotive ADAS Sensor Market Size Worth $69.71 Billion By 2032 | CAGR: 9.2%

The global automotive ADAS sensor market size is expected to reach USD 69.71 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive ADAS Sensor Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software and Others); By Vehicle Type; By Component; By System; By Sales Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing popularity of advanced driver assistance systems (ADAS) in compact passenger cars is expected to propel market growth significantly. Governments worldwide are introducing more regulations that mandate the inclusion of ADAS in vehicles, which is likely to boost demand further. Additionally, the global rise in disposable income, economic stability, and a growing preference for luxurious lifestyles are fueling sales of luxury vehicles.

The challenge lies in ensuring the safety features of Advanced Driver Assistance Systems (ADAS), which consist of various sensors such as ultrasonic sensors, cameras, infrared, and actuators. These components are responsible for monitoring surroundings in all directions to ensure the safety of the driver, passengers, vehicle, and pedestrians, with system performance depending on traffic and weather conditions. However, a lack of precise methods could compromise occupant safety. Striking a perfect balance between automation and manual override is crucial for the secure operation of ADAS. Additionally, ADAS must be protected from malicious hackers who could gain control of the vehicle. Studies have shown that vehicle control can be accessed through GPS and Bluetooth, highlighting the significant security challenges faced by system developers and OEMs.

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The advent of autonomous vehicles is poised to revolutionize transportation. Advanced Driver Assistance Systems (ADAS) have greatly simplified driving, incorporating features such as emergency braking, stability controls and monitoring of lane. Autonomous vehicles leverage sophisticated technologies such as, ultrasonic sensors, radar, LiDAR and high-definition cameras to gather data, which is then analyzed by an onboard autonomous driving system to navigate safely. The algorithms in autonomous vehicles improve driving accuracy through continual learning, with insights and enhancements shared among all vehicles. A recent advancement in this field is the Vehicular Ad hoc Network (VANET), a subset of Mobile Ad hoc Networks (MANETs), used in vehicles as mobile nodes. VANET facilitates active safety and intelligent transportation applications, necessitating effective vehicle-to-vehicle communication, particularly in routing.

This enables functions such as accident notifications, advance warnings about road conditions, speed limit violations, and specialized location-based services. Companies such as Tesla, Audi and Google are at the forefront of developing self-driving car technology, utilizing VANET and other advancements in autonomous vehicle technology.

Global Automotive ADAS Sensor Market Report Highlights

• The passenger cars segment dominated the market in 2023, driven by growing demand for safety systems in developing economies as a result of rising consumer awareness, supportive laws, and advancing road safety regulations.
• The adaptive cruise control segment led the market in 2023 and is expected to maintain its dominance due to an increase in the demand for safety features, advancements in technologies such as radar and sensors, and government regulations.
• North America holds a significant revenue share in the global Global Automotive ADAS Sensor market, driven by prominent automakers like Tesla, General Motors, and Ford. These companies are actively innovating autonomous vehicles for industries such as pharmaceuticals, healthcare, and logistics, which is projected to bolster market sales.
• The global key market players include Robert Bosch GmbH, DENSO Corporation, Continental AG, Aptiv, Valeo, Magna International, ZF Friedrichshafen, Altera Corporation, Autoliv Inc, Garmin Ltd., Infineon Technologies AG and Mobileye.

Polaris Market Research has segmented the Global Automotive ADAS Sensor market report based on offering, vehicle type, component, system, sales channel, and region:

Global Automotive ADAS Sensor, Offering Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Others

Global Automotive ADAS Sensor, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Commercial Vehicles
  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
• Passenger Cars
• Trucks
• Buses

Global Automotive ADAS Sensor, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Sensor
  • Radar
  • Camera Unit
  • LiDAR
  • Ultrasonic Sensor
• Processor

Global Automotive ADAS Sensor, System Outlook (Revenue - USD Billion, 2019 - 2032)

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

Global Automotive ADAS Sensor, Sales Channel Outlook (Revenue - USD Billion, 2019 - 2032)

• Outsourcing
• OEM

Global Automotive ADAS Sensor, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Automotive ADAS Sensor Market Report Scope