Global ADAS Market Research Report 2027
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Bharat Book Bureau Provides the Trending Market Research Report on “Global ADAS Market By Vehicle Type (Passenger Car, Commercial Vehicle), By Sensor Type (Radar, Ultrasonic, Camera, and Lidar), By Level Of Autonomy (Level 1, Level 2, Level 3, Level 4, and Level 5), By Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear-cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, Others, & Park Assistance), By Region Competition Forecast and Opportunities, 2027” under the Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
The global ADAS Market was valued at USD49.50 billion in 2021 and is forecast to grow at a CAGR of 12.37% to reach USD97.49 billion in the year 2027. ADAS (Advanced Driver Assistance System) is designed for the safety/protection of road users. Nowadays, most people prefer vehicles that come with advanced technologies in it, ADAS has many features that make driving easy compared to a vehicle without any advanced features. People also prefer vehicles that have ADAS because its focuses on comfort and driving flexibility. Seeing the demand for vehicles equipped with ADAS, automotive manufacturers have started to install ADAS features such as ABS (anti-lock braking system, AFU (emergency brake assist), ESP (Electronic Stability Program), FCW (Forward Collision Warning), LCA (Lane Change Assistant), etc. The increasing adoption of these advanced features is anticipated to drive the sales of ADAS during the forecast period, positively impacting the global ADAS market.
Stringent Government Policies
In the world, there are various organizations that are involved in ensuring vehicle safety. These organizations have been steadily incorporating more and more ADAS-related protocols and standards. In Europe, North America, and other parts of the world these organizations are mandating automotive safety measures, and defining, and refining regulations. One such organization is the “Society of Automotive Engineers” (SAE), which is the international authority that releases the standards which are used by 120,000 members all around the world, in the automotive and aerospace domains. According to this organization, there are some standards related to automated driving and ADAS which are J3016 Taxonomy which is related to On-Road Motor Vehicle Automated Driving Systems, J3134 ADAS Equipped Vehicle Signal and Marking Lights which is at nascent stage. There are different organizations in different countries that have released policies and programs regarding the safety of people such as Transport Canada which is a federal agency that is responsible for transportation policies and programs in Canada, the Japan Automobile Research Institute (JARI), is a foundation dedicated to automotive research and testing. These organizations make rules and regulations for the safety of the people, the rapid pace of ADAS technologies and the attending development testing creates a challenge for standards bodies and enforcing agencies.
Increasing Safety Concerns Among the Customers
The advanced driver assistance System (ADAS) is very helpful to improve roadway safety. The EU road accidents database in Europe on average, registered 44 road deaths per million inhabitants in 2021, which represent a 5% increase compared to 2020. On average, around 1.3 million people die each year as a result of road traffic crashes.
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