Advanced Driver Assistance Systems Forecast - Data Tables - February 2024

Advanced Driver Assistance Systems Forecast - Data Tables - February 2024

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This Advanced Driver Assistance System (ADAS) market forecast shows strong growth, driven by legislation, NCAP regimes, and an industry push towards more automated driving. Key changes in this update include China emerging as the lead region for LiDAR adoption. The market for ADAS technologies is thus now expected to grow at a CAAGR of 10.3% 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 2030. 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.

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