Published by IMARC Services Private Limited
Posted on October 6, 2021
4 min readLast updated: January 31, 2026
The ADAS market is set to grow at a 13% CAGR from 2021-2026, driven by safety and comfort demands. The report covers market trends and COVID-19 impacts.
According to the latest report by IMARC Group, titled “Advanced Driver Assistance Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global advanced driver assistance systems market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global advanced driver assistance systems market to grow at a CAGR of around 13% during 2021-2026.
Advanced driver assistance system (ADAS) is an intelligent electronic system integrated with sensors, cameras, radars, and related software. It assists in establishing effective communication between vehicles, vehicle infrastructure systems, and transportation management centers. It also aids in providing vital information about traffic, road closures, and blockages, and congestion levels to drivers. As they offer comfort, safety, and improved vision, their demand is escalating around the world.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
Due to increasing traffic congestions and the growing instances of road accidents, there is a significant rise in the sales of vehicles with ADAS across the globe. Moreover, there is an increase in the demand for vehicles with improved safety and security features. This, along with the thriving automotive sector worldwide, is creating a favorable market outlook. Furthermore, socioeconomic factors like the rising global population and inflating income levels are also bolstering the growth of the market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with key players:
Breakup by Solution Type:
Breakup by Component Type:
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Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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The article discusses the growth and trends of the Advanced Driver Assistance Systems (ADAS) market from 2021 to 2026.
What factors are driving the growth of the ADAS market?
How has COVID-19 impacted the ADAS market?
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