China Advanced Driver Assistance System Market Size & Outlook
China advanced driver assistance system market, 2018-2030 (US$M)
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China advanced driver assistance system market highlights
- The China advanced driver assistance system market generated a revenue of USD 4,532.8 million in 2023 and is expected to reach USD 9,975.7 million by 2030.
- The China market is expected to grow at a CAGR of 11.9% 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.
Advanced driver assistance system market data book summary
| Market revenue in 2023 | USD 4,532.8 million |
| Market revenue in 2030 | USD 9,975.7 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical 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, China accounted for 14.1% 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 Asia Pacific, China advanced driver assistance system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,604.9 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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China 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 90.55% in 2023. Horizon Databook has segmented the China advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the ADAS market in China can be attributed to the increasing government regulations and initiatives aimed at improving road safety. The Chinese government has set a goal of reducing traffic fatalities by 50% by 2030 and has implemented regulations that require the installation of certain ADAS features in new vehicles.
Additionally, advancements in technologies and high manufacturing capabilities in China have made it easier and more cost-effective for automakers to incorporate ADAS features into their vehicles. As a result, more vehicles in China are being incorporated with ADAS technologies as standard or optional features.
The development of autonomous driving technologies in China is also contributing to the growth of the ADAS market. As automakers and technology companies invest in developing autonomous driving technologies, they are also developing and implementing ADAS features that are necessary building blocks for autonomous vehicles.
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Horizon Databook provides a detailed overview of country-level data and insights on the China advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into China advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
China Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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