ADAS Market

The global ADAS market size is projected to grow from 334 Million Units in 2024 to 665 Million Units by 2030 at a CAGR of 11.9%. Factors such as safety regulations imposed by lawmakers, including adaptive emergency braking and tire pressure monitoring systems in vehicles, technological advancement in ADAS, and rising demand for semi-autonomous and autonomous vehicles are expected to increase the demand for ADAS.

Major ADAS Market Companies include

• Robert Bosch (Germany),
• Continental AG (Germany),
• ZF Friedrichshafen (Germany),
• Denso (Japan),
• Magna International (Canada).

These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

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Robert Bosch GmbH

Robert Bosch maintains a leading position in the Advanced Driver Assistance Systems (ADAS) market owing to its robust global distribution network and comprehensive range of ADAS features. These features include adaptive cruise control, emergency braking systems, pedestrian protection, lane departure warning, and other advanced features tailored to the automotive industry. The company's commitment to expanding its ADAS solutions through substantial investments underscores its strategic objective to extend its influence in the ADAS market. For instance, in December 2023, Robert Bosch GmbH announced that it would showcase a new vehicle computer called Cockpit & ADAS integration platform. The foundation of this new computer is a single SoC that executes several operations from both the infotainment and driver assistance domains at the same time. This features autonomous parking, lane detection, innovative, tailored navigation, and voice assistance. The company's unwavering commitment to innovation, exemplified by introducing new products, solidifies its position as a frontrunner in shaping the future of automotive safety and technology.

Continental AG

Continental AG is a prominent player in the field of ADAS, offering innovative solutions to enhance vehicle safety and automation. With a strong focus on research and development, Continental has developed a comprehensive portfolio of ADAS products, including sensors, software, and control systems, tailored to meet the evolving needs of the automotive industry. These include radar, camera and LiDAR technologies. Some features provided by Continental AG include adaptive cruise control, stop-and-go, emergency brake assistance, blind spot detection, cross-traffic alerts, 3D surround view, and more. The company is also collaborating with other players to improve its technology for better safety. For instance, in January 2023, Continental AG partnered with Ambarella (US) to jointly develop scalable, end-to-end hardware and software solutions for ADAS based on artificial intelligence (AI). Continental AG demonstrates its dedication to advancing ADAS technology through synergistic efforts by fostering collaborations with industry peers.

ZF Friedrichshafen AG

ZF Friedrichshafen has positioned itself as a global player in the ADAS market. Regarding ADAS solutions,  ZF offers a comprehensive range of cutting-edge technologies to enhance driver safety and vehicle automation. These technologies encompass a variety of sensors, control systems, and software solutions designed to mitigate accidents, improve driver awareness, and facilitate semi-autonomous driving functions. ZF's ADAS solutions leverage advanced sensors, software, and control systems to provide reliable performance and enhance the driving experience. ZF has been actively involved in advancing ADAS technologies to meet the evolving demands of the automotive industry. This includes ongoing research and development efforts to enhance existing ADAS offerings and develop new solutions that address emerging vehicle safety and automation challenges. For instance, in January 2023, ZF Friedrichshafen AG launched Smart Camera 4.8. It enables autonomous cars to have a wider field of view, allowing them to identify pedestrians, cyclists, and other vehicles. Also in January 2023, ZF introduced its two safety features, OnGuardMAX and OnSideALERT, on Nikola's hydrogen fuel cell electric truck. OnGuardMAX represents a state-of-the-art adaptive cruise control system designed to enhance vehicle safety, while OnSideALERT aims to prevent lane departure incidents. As ZF continues to innovate and collaborate with industry partners, it remains poised to shape the future of automotive safety and automation.

Denso

Denso is a key player in the ADAS market. As a leading automotive technology supplier, Denso offers a comprehensive range of ADAS products to enhance vehicle safety and driving experience. Denso partnered with Koito in October 2023 to improve image sensors specifically tailored for night driving applications. Utilizing their proficiency in sensor technology to their advantage., the partnership seeks to develop innovative solutions to improve visibility and safety during nighttime. The focus lies on developing image sensors capable of capturing high-quality images in low-light environments, enabling vehicles equipped with these sensors to detect obstacles, pedestrians, and other road users more effectively. As Denso continues to innovate and engage in collaborations within the automotive sector, it retains its strategic position to influence the trajectory of ADAS technology and catalyze beneficial progressions in vehicle safety.

Magna International

Magna International is a prominent global automotive supplier renowned for its ADAS solutions. With a strong foothold in the automotive industry, Magna has established itself as a leading provider of innovative technology to enhance vehicle safety and performance. Magna International offers advanced safety systems such as object detection, traffic sign recognition, lane detection, cross-traffic alert, cameras, and automated parking. It has engineering and contract manufacturing expertise. For instance, in January 2023, Magna International launched a ClearView vision system for Dodge Ram 2500 and 3500 pickup trucks. The technology combines camera and mirror technologies to prevent blind spot accidents and increase driver safety by increasing vision surrounding the car. The company also has electronic and software capabilities across many areas. In September 2023, Magna International

Magna, a global automotive supplier, has introduced its front camera module to the market in collaboration with a European OEM. This next-generation front camera module represents a significant advancement in automotive technology, offering enhanced vehicle safety and driver assistance capabilities. With its extensive electronics, software, and contract manufacturing expertise, Magna International remains poised to shape the future of vehicle safety and drive positive advancements in the automotive industry.

Related Reports:

ADAS Market by Offering (Hardware (Camera, Radar, LiDAR, Ultrasonic, ECU), Software (Middleware, Application Software & OS)), System Type, Vehicle Type (PC, LCV, HCV), Level of Autonomy, Vehicle Class, EV type and Region - Global Forecast to 2030

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