Forecast: Advanced Driver Assistance Systems 2022–31 – Q3 2024
Explore our Autonomous Vehicle Services ADAS market forecast, predicting 13.4% CAAGR growth through 2028, driven by legislation and automation trends, with detailed insights into key technologies and regional demand.
This Advanced Driver Assistance System (ADAS) market forecast shows strong growth, driven by legislation, NCAP regimes and an industry push towards more automated driving. The market for ADAS technologies is thus now expected to grow at a CAAGR of 13.4% over 2023 to 2028, with content-per-vehicle increases boosting demand significantly more than the growth in vehicle production. Three additional scenarios can be explored in this forecast, reflecting the various risks that might impact the outlook for demand. This report details and quantifies the market growth of the key ADAS technologies, such as Lane Departure Warning and Park Assist functions out to 2031. It also forecasts the demand for the associated sensors, including RADAR, Camera, and LiDAR devices. This forecast highlights the key applications and regions that are driving the market.
