North America Advanced Driver Assistance System Market Size & Outlook
North America advanced driver assistance system market, 2018-2030 (US$M)
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North America advanced driver assistance system market highlights
- The North America advanced driver assistance system market generated a revenue of USD 10,440.2 million in 2023.
- The market is expected to grow at a CAGR of 9.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 10,440.2 million |
| Market revenue in 2030 | USD 20,162.1 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Commerical vehicle |
| Fastest growing segment | Passenger 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, North America region accounted for 32.5% 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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North America 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 63.74% in 2023. Horizon Databook has segmented the North America advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
Governments in North America are mandating the installation of advanced driver assistance systems in vehicles to improve road safety. For instance, in the U.S., the National Highway Traffic Safety Administration (NHTSA) announced plans to make Automatic Emergency Braking (AEB) standard in all new vehicles by 2022.
This initiative was aimed at driving the adoption of ADAS systems in North America as ADAS utilizes sensor data to provide automatic braking. In September 2022, German automotive parts manufacturing company, Continental AG, opened its new state-of-the-art manufacturing facility in the U.S. The facility, which is an investment of over USD 110 million, will assist in accelerating the manufacture of ADAS systems.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America advanced driver assistance system market , including forecasts for subscribers. This continent databook contains high-level insights into North America advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America advanced driver assistance system market size, by country, 2018-2030 (US$M)
North America Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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