Market Research Report

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ADAS and Autonomous Driving Component Market- A Global and Regional Analysis

Focus on Component Type, Vehicle Type, Applications (by Level of Autonomy), Country-Level Analysis, and Impact of COVID-19

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The global market for ADAS and autonomous driving component registered a market value of $23.93 billion in 2019 and is projected to grow at CAGR of 12.21% during 2020-2030.

Several factors such as the increasing technological developments and advancements in ADAS systems, rising development in connected infrastructure and intelligent transportation system, and growing concerns and measures over road safety, drive the growth of this emerging technology.

Based on vehicle type, the passenger vehicle segment dominated the global ADAS and autonomous driving component market in 2019 due to growing urbanization and increasing disposable income of consumers enabling the demand for high-end vehicles with advanced features.

The Asia-Pacific region leads the global market for ADAS and autonomous driving components, followed by Europe and North America as they are home to numerous leading autonomous passenger car manufacturers and processor developers.

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