Canada Advanced Driver Assistance System Market Size & Outlook
Canada advanced driver assistance system market, 2018-2030 (US$M)
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Canada advanced driver assistance system market highlights
- The Canada advanced driver assistance system market generated a revenue of USD 1,514.9 million in 2023 and is expected to reach USD 3,109.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, commerical vehicle was the largest revenue generating vehicle type in 2023.
- Passenger Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Advanced driver assistance system market data book summary
| Market revenue in 2023 | USD 1,514.9 million |
| Market revenue in 2030 | USD 3,109.0 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Commerical vehicle |
| Fastest growing segment | Passenger Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 4.7% of the global advanced driver assistance system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. advanced driver assistance system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,109.0 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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Canada 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.
Commerical vehicle was the largest segment with a revenue share of 66.94% in 2023. Horizon Databook has segmented the Canada advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The ADAS market in Canada is expected to grow as numerous key players are adopting strategic initiatives to accelerate the manufacturing of ADAS in the country. For instance, in May 2022, software company Blackberry and Canadian auto parts manufacturer Magna announced a multi-year agreement to manufacture driver safety technologies such as ADAS and export them to numerous automakers globally.
Under the agreement, BlackBerry aimed to provide Magna with QNX software, including the QNX Software Development Platform, QNX Platform for ADAS, and QNX OS for Safety. It also offers professional engineering services for system-level integration, solution validation, and performance optimization.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into Canada advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
Canada Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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