Asia Pacific Advanced Driver Assistance System Market Size & Outlook
Asia Pacific advanced driver assistance system market, 2018-2030 (US$M)
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Asia Pacific advanced driver assistance system market highlights
- The Asia Pacific advanced driver assistance system market generated a revenue of USD 9,173.8 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,173.8 million |
| Market revenue in 2030 | USD 20,628.0 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Intel Corp, Autoliv Inc, Denso Corp, Continental AG, Garmin Ltd, Infineon Technologies AG, Magna International Inc, Mobileye Global Inc Ordinary Shares - Class A, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.5% of the global advanced driver assistance system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,628.0 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific advanced driver assistance system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced driver assistance system market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 89.55% in 2023. Horizon Databook has segmented the Asia Pacific advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific market is anticipated to witness significant growth over the forecast period. Additionally, advancements in technologies and high manufacturing capabilities in the region have made it easier and more cost-effective for automakers to incorporate ADAS features into their vehicles.
As a result, more vehicles are being incorporated with ADAS technologies as standard or optional features. In January 2023, Taiwan-based electronics manufacturer Hon Hai Technology Group (Foxconn) partnered with U.S.-based multinational technology company NVIDIA to manufacture autonomous vehicles.
Under this partnership, Foxconn is expected to manufacture electronic control units based on the embedded supercomputing platform NVIDIA DRIVE, which collects data from radars, camera, and LiDAR sensors for the automotive market globally.
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Our clientele includes a mix of advanced driver assistance system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific advanced driver assistance system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific advanced driver assistance system market size, by country, 2018-2030 (US$M)
Asia Pacific Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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