At 26.9% CAGR, the Asia Pacific Advanced Driver Assistance Systems (ADAS) Market is projected to be worth US$ 92,275.05 million by 2028, says Business Market Insights           

According to Business Market Insights’ research, the APAC advanced driver assistance systems (ADAS) market was valued at US$ 22,055.37 million in 2022 and is expected to reach US$ 92,275.05 million by 2028, registering an annual growth rate of 24.3% from 2022 to 2028. Rising demand for safety and driving comfort features and expanding adoption of integrated radar and camera systems.               

The most accurate technique for embedded vision to collect a visual representation of the APAC is through cameras. Autonomous vehicles include cameras on all four sides – front, back, left, and right. These photos are combined to provide a 360-degree perspective of their surroundings. Wide-angle lenses with a lesser range are available on certain cameras, while others have a narrower perspective capable of long-range views. Fish-eye cameras offer panoramic views and are frequently used to assist vehicles with parking. Vehicle manufacturers frequently utilize several CMOS imaging sensors to create photos with resolutions ranging from 1 to 2 megapixels; most use relatively affordable 2D cameras, but some also include 3D cameras. To provide a good image in all situations, including bright sunshine, embedded vision systems require sensors with a large dynamic range of more than 130 dB. Automotive vision systems are becoming increasingly important for identifying and tracking potential hazards. These systems offer the data needed to enable an expanding number of services, such as automated parallel parking or traffic sign recognition for speed-change warning, in addition to supplying crucial input for high-level warning functions such as lane drift or unobserved traffic. Driver monitoring systems rely on vision systems to detect when a driver's attention begins to wander due to tiredness or distraction. Traditional problems in developing these systems have all but vanished because of the advent of specialist computer-vision software, hardware, and development tools. For example, the Avnet Blackfin Embedded Vision Starter Kit contains an evaluation board with Analog Devices' specialist BF609 Blackfin vision processor, a camera, and peripherals, as well as developing software and debug tools. These all advantages of embedded vision systems will propel the growth of the Advanced Driver Assistance Systems (ADAS) market. This is expected to drive the market during the forecast period.

On the contrary, absence of required infrastructure for ADAS in developing countries hurdles the growth of APAC advanced driver assistance systems (ADAS) market. 

• Based on sensor type, the APAC advanced driver assistance systems (ADAS) market is divided into image sensor, LiDAR, radar sensor, ultrasonic sensor, and infrared sensor. The ultrasonic sensor advanced driver assistance systems (ADAS) segment held 41.3% market share in 2022, amassing US$ 9,099.74 million. It is projected to garner US$ 38,676.45 million by 2028 to expand at 27.3% CAGR during 2022–2028.    
• Based on technology type, the APAC advanced driver assistance systems (ADAS) market is categorized into adaptive front light, blind spot detection, electronic brake assist, drowsiness-monitoring system, lane departure warning, head-up display, night vision system, park assist, E-call telematics, tire pressure-monitoring system, and others. The blind spot detection segment held 19.1% market share in 2022, amassing US$ 4,219.98 million. It is projected to garner US$ 19,008.66 million by 2028 to expand at 28.5% CAGR during 2022–2028.
• Based on vehicle, the APAC advanced driver assistance systems (ADAS) market is categorized into passenger car, LCV, and HCV. The passenger car segment held 82.2% market share in 2022, amassing US$ 18,129.93 million. It is projected to garner US$ 78,296.13 million by 2028 to expand at 27.6% CAGR during 2022–2028.
• Based on country, the APAC advanced driver assistance systems (ADAS) market has been categorized into the Australia, China, India, Japan, South Korea, and Rest of APAC.  Our regional analysis states that China captured 40.7% market share in 2022. It was assessed at US$ 8,986.22 million in 2022 and is likely to hit US$ 38,755.52 million by 2028, exhibiting a CAGR of 27.6% during the forecast period.            

Key players dominating the APAC Advanced driver assistance systems (ADAS) market are Aptiv PLC; Continental AG; Cypress Semiconductor Corporation; Denso Corporation; First Sensor AG; Harman International; Hitachi, Ltd.; NXP Semiconductors; Robert Bosch GmbH; and ZF Friedrichshafen AG, among others.

• In Jan 2022, HARMAN Digital Transformation Solutions Appraised at CMMI V2.0 Maturity Level 5.
• In Oct 2021, Hitachi Astemo, new global leader in motorcycle and automotive industry at EICMA 2021 (Milan Motorcycle Show).

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com