The Latest Adas Industry Statistics Explained
The global ADAS market was valued at approximately USD 30.1 billion in 2019.
The statistic “The global ADAS market was valued at approximately USD 30.1 billion in 2019” indicates the estimated total worth of the Advanced Driver Assistance Systems (ADAS) market worldwide for that specific year. ADAS refer to technologies integrated into vehicles to enhance driver safety and improve overall driving experience. The value of USD 30.1 billion represents the revenue generated from the sales of these ADAS technologies, which include features such as adaptive cruise control, lane departure warning systems, and automatic emergency braking systems. This statistic highlights the significant size and growth of the global ADAS market, reflecting the increasing demand for advanced safety features in vehicles around the world.
The ADAS industry is expected to reach a market size of USD 83.20 billion by 2027.
This statistic indicates the projected growth of the ADAS (Advanced Driver Assistance Systems) industry, with an expected market size of USD 83.20 billion by the year 2027. ADAS technologies are designed to enhance vehicle safety, improve driving experiences, and reduce the likelihood of accidents through features such as adaptive cruise control, lane departure warning systems, and automatic emergency braking. The anticipated market size suggests a growing demand for these advanced technologies in the automotive sector, driven by increasing focus on vehicle safety, regulatory requirements, and advancements in artificial intelligence and sensor technology. The projected market size provides insight into the significant opportunities for growth and investment within the ADAS industry in the coming years.
The compounded annual growth rate of ADAS industry is expected to be 21.4% from 2020 to 2027.
The compounded annual growth rate (CAGR) of 21.4% in the Advanced Driver Assistance Systems (ADAS) industry from 2020 to 2027 indicates the expected average annual growth rate over this time period. This statistic suggests that the ADAS industry is projected to grow steadily at a rapid pace, more than doubling in size over the seven-year period. The CAGR takes into account the effect of compounding, meaning that the growth rate is applied to the increasing base of the industry each year. A CAGR of 21.4% signifies a strong potential for expansion and increasing market demand for ADAS technologies and products during this timeframe.
The highest growth in ADAS is expected from Asia-Pacific, with an estimated CAGR of 15.3% from 2019 to 2025.
This statistic indicates that the Asia-Pacific region is projected to experience the highest growth in Advanced Driver Assistance Systems (ADAS) over the period from 2019 to 2025, with a compound annual growth rate (CAGR) of 15.3%. ADAS technology, which includes features like adaptive cruise control and lane departure warning systems, is becoming increasingly popular in vehicles for enhancing safety and convenience. The projected high CAGR suggests a strong demand for ADAS in the Asia-Pacific region, potentially driven by factors such as increasing vehicle sales, improving infrastructure, and rising awareness about road safety. This growth signifies a significant shift towards technologically advanced and safer vehicles in the region, highlighting the potential for ADAS market expansion and adoption in the coming years.
Europe accounted for the highest share of the global ADAS market in 2020 at 35%.
The statistic states that Europe held the largest portion of the global Advanced Driver Assistance Systems (ADAS) market in 2020, capturing a 35% share. This indicates that Europe was a significant contributor to the ADAS market, with a substantial portion of worldwide sales coming from the region. Factors such as stringent safety regulations, increasing consumer demand for advanced safety features, and a strong automotive industry likely contributed to Europe’s dominance in this market. The statistic highlights the region’s importance in driving advancements in ADAS technology and its potential as a key market for manufacturers and suppliers in the automotive sector.
In 2019, about 58.4% of new passenger cars in the EU were equipped with some form of ADAS.
In 2019, approximately 58.4% of newly registered passenger cars in the European Union (EU) were equipped with some form of Advanced Driver Assistance Systems (ADAS). This statistic indicates that a significant proportion of the newly manufactured cars in the EU market were fitted with technologies designed to enhance safety, improve driving experience, and potentially reduce the risk of accidents. ADAS features can include systems such as adaptive cruise control, lane departure warning, automatic emergency braking, and more. The widespread adoption of ADAS in new cars highlights the increasing integration of technology in the automotive industry, aiming to make vehicles safer, smarter, and more efficient for consumers.
The North American ADAS market is projected to reach USD 6.4 billion by 2027.
The statistic ‘The North American ADAS market is projected to reach USD 6.4 billion by 2027’ indicates the expected value of the market for Advanced Driver Assistance Systems (ADAS) in North America by the year 2027. This projection suggests a significant growth trajectory in the adoption of ADAS technologies in the region over the forecast period. ADAS systems are advanced safety features integrated into vehicles to assist drivers in various ways, such as collision avoidance, lane departure warning, and adaptive cruise control. The substantial projected market value reflects the increasing demand for enhanced safety and driving assistance functionalities in vehicles, driven by factors like technological advancements, regulatory requirements, and consumer preferences.
The use of advanced driver assistance systems (ADAS) could reduce road accidents in the United States by 28%.
The statistic suggests that implementing advanced driver assistance systems (ADAS) has the potential to reduce road accidents in the United States by 28%. ADAS refers to technologies designed to assist drivers in the driving process and improve overall vehicle safety. Examples include features like lane departure warning, automatic emergency braking, and adaptive cruise control. By leveraging these advanced systems, drivers may benefit from enhanced awareness, quicker reaction times, and improved vehicle control, ultimately leading to a significant decrease in road accidents. This statistic underscores the potential of ADAS to mitigate risks and improve road safety outcomes, highlighting the importance of investing in and adopting such technologies to make our roads safer for all.
Bosch generated 12% of its total sales revenue from its ADAS division in 2019.
The statistic indicates that in 2019, Bosch generated 12% of its total sales revenue from its Advanced Driver Assistance Systems (ADAS) division. This suggests that the ADAS division played a significant role in contributing to Bosch’s overall revenue during that period. ADAS technologies are an increasingly important and lucrative market within the automotive industry, as they encompass a range of safety features and automated driving systems that are in high demand. The fact that Bosch derived a notable portion of its revenue from this division indicates its strong position in providing advanced automotive technologies and highlights the company’s focus on innovation and meeting the evolving needs of the market.
The market share of Toyota in the global ADAS market was 8% in 2019.
The statistic “The market share of Toyota in the global ADAS (Advanced Driver Assistance Systems) market was 8% in 2019” indicates that Toyota held an 8% share of the total market for ADAS technology worldwide in the year 2019. This suggests that Toyota’s products and technologies represented a significant portion of the market compared to its competitors during that time period. The market share figure provides insight into Toyota’s competitive position in the ADAS market and highlights the brand’s presence and influence within the industry.
In 2020, there was observed an 8% decrease in worldwide ADAS-related revenues due to the Covid-19 pandemic.
The statistic stating that there was an 8% decrease in worldwide ADAS-related (Advanced Driver Assistance Systems) revenues in 2020 due to the Covid-19 pandemic indicates a significant impact of the global health crisis on the automotive industry. ADAS technologies, which include features like lane departure warning, automatic emergency braking, and adaptive cruise control, are becoming increasingly prevalent in modern vehicles to improve safety. The decrease in revenues suggests that there was a reduction in the uptake of such technologies in vehicle production or sales likely due to disruptions in supply chains, decreased consumer spending on non-essential items, and lower demand for new vehicles during the pandemic. This statistic highlights the broader economic repercussions of Covid-19 on industries beyond just health and underscores the interconnectedness of various sectors in the global economy.
Revenue from ADAS is expected to show an annual growth rate of 9%, from 2022 to 2026.
The statistic suggests that the revenue generated from Advanced Driver Assistance Systems (ADAS) is projected to increase by approximately 9% each year from 2022 to 2026. This indicates a positive trend in the market demand for ADAS technologies, likely driven by factors such as the increasing adoption of autonomous vehicle systems and the growing emphasis on vehicle safety features. The steady annual growth rate of 9% indicates a forecasted momentum in revenue generation within the ADAS sector over the specified period, showing promising prospects for businesses operating in this market segment.
About 30% of the vehicles sold globally in 2020 had at least 2 ADAS features.
This statistic indicates that approximately 30% of the vehicles sold worldwide in 2020 were equipped with at least two Advanced Driver Assistance Systems (ADAS) features. ADAS technologies include various safety features designed to assist drivers and enhance vehicle safety, such as lane departure warning systems, automatic emergency braking, adaptive cruise control, and blind-spot monitoring. The fact that nearly a third of all vehicles sold globally in 2020 had multiple ADAS features reflects a growing trend towards equipping vehicles with advanced safety technologies to reduce accidents and increase overall road safety. This suggests that manufacturers and consumers alike are placing increasing importance on incorporating these advanced safety features into modern vehicles.
TOYOTA has already implemented ADAS in 96% of the car models it sells internationally.
The statistic stating that TOYOTA has implemented Advanced Driver Assistance Systems (ADAS) in 96% of the car models it sells internationally indicates that the company has incorporated technology designed to enhance safety and improve the driving experience into a vast majority of their vehicles. ADAS features can include adaptive cruise control, lane-keeping assist, automatic emergency braking, and other sensor-based technologies that help drivers avoid accidents and mitigate risks on the road. By implementing ADAS in such a significant portion of its car lineup, TOYOTA demonstrates a strong commitment to prioritizing safety and staying at the forefront of technological advancements in the automotive industry.
IHS Markit expects that by 2025, 73% of passenger vehicles sold worldwide will come standard with at least one form of driver-assistance system.
This statistic indicates that IHS Markit, a reputable market research firm, anticipates a significant increase in the adoption of driver-assistance systems in passenger vehicles globally by the year 2025. Specifically, they predict that 73% of new passenger vehicles sold worldwide will be equipped with at least one type of driver-assistance technology as a standard feature. This suggests a growing trend towards incorporating advanced safety and convenience features such as lane-keeping assistance, adaptive cruise control, automated emergency braking, and other similar systems in vehicles to enhance road safety and improve the overall driving experience for consumers. Such a projection underscores the increasing integration of technological innovations in the automotive industry to meet the evolving demands of consumers and regulatory requirements aiming at mitigating road accidents and improving traffic efficiency.
ADAS technologies prevent more than 40% of rear-end collisions.
The statistic that ADAS (Advanced Driver Assistance Systems) technologies prevent more than 40% of rear-end collisions implies that these technological features incorporated into vehicles significantly reduce the occurrence of accidents where one vehicle crashes into the back of another. This statistic suggests that ADAS technologies such as automatic emergency braking, collision warning systems, and adaptive cruise control are effective in enhancing vehicle safety by helping drivers avoid rear-end collisions or mitigate their severity. The percentage indicates the extent to which these technologies contribute to preventing accidents, highlighting the potential for reducing injuries, damages, and fatalities resulting from rear-end collisions on the roads.
During 2016-2020, ADAS market expanded at a CAGR of 20% in India.
The statistic states that between the years 2016 and 2020, the Advanced Driver Assistance Systems (ADAS) market in India grew at a Compound Annual Growth Rate (CAGR) of 20%. This growth rate suggests that the market for ADAS technologies, which assist drivers in the driving process and enhance vehicle safety, experienced a steady and substantial increase over the specified period. A CAGR of 20% indicates that the market more than doubled in size every four years on average during this time frame. This robust growth may have been driven by factors such as increasing awareness of road safety, technological advancements, and regulatory developments that encouraged the adoption of ADAS solutions in vehicles across India.
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