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Advanced Driver Assistance System (ADAS) Market Share

Report ID: GMI2461
Published Date: Mar 2024
Report Format: PDF

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Advanced Driver Assistance System Market Share

Continental and Bosch emerge as dominant players, collectively holding a substantial 40% market share. Continental, with its automotive technologies, offers a comprehensive range of ADAS solutions including radar and camera-based systems, leveraging its strong research & development capabilities to continuously enhance safety features and drive market adoption.

Bosch provides an extensive portfolio of ADAS offerings. With a focus on advancing driver safety and comfort, Bosch delivers sensor technologies and software solutions, positioning itself as a leader in the rapidly evolving ADAS market. Both Continental and Bosch remain at the forefront of innovation, driving competition and shaping the future of automotive safety systems.

Advanced Driver Assistance System Market Companies

Major companies operating in the advanced driver assistance system (ADAS) industry are:

BorgWarner
Continental
Gentex Corporation
HELLA
Magna International
Mobileye
Renesas Electronics Corporation
Bosch
VALEO
ZF Friedrichshafen AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of advanced driver assistance system (ADAS) reached USD 38.1 billion in revenue in 2023 and is set to expand at 17% CAGR from 2024 to 2032, propelled by the proliferation of affordable sensor technology in manufacturing contributing to cost reduction.

The image sensor segment accounted for over 35% revenue share in 2023, as cameras are becoming increasingly integral for enabling features, including lane departure warning and pedestrian detection.

North America held more than 30% of the market share in 2023, owing to the stringent safety regulations, increasing consumer demand for safety features, and significant investments by automotive manufacturers and technology companies.

Some of the top companies engaged in the industry are BorgWarner, Continental, Gentex Corporation, HELLA, Magna International, Mobileye, Renesas Electronics Corporation, Bosch, VALEO, and ZF Friedrichshafen AG.