The advanced driver assistance systems market will advance at a 12.1% compound d annual growth rate, to touch USD 72.2 billion, by 2030.

The growth of this industry is because of the surging acceptance of autonomous automobiles, increasing activities of research development mainly in emerging economies, the expanding sector of automotive, and the mounting population all over the world.

Moreover, the surging acceptance of safety features in passenger automobiles, extensive support of the governments in the implementation of policy financial advantages, and increasing technical innovations are also helping in the advancement of this industry.

In recent years, the tire pressure monitoring system (TPMS) category, based on system type, accounted for the dominating share in the advanced driver assistance systems market. This is attributed to the increasing customer consciousness about the safety of automobiles, the surging requirement for the management of tire pressure, the growing integration of electronic systems in automobiles, the booming production of automobiles, and the rising efforts to enhance the service life of tires.

Moreover, the adaptive cruise control system category accounted for a significant share in recent years, and it will continue this trend in the years to come. This is because of the increasing fondness for ADAS in developing nations, the mounting prevalence of traffic jams, changing customers’ selections for technology-equipped automobiles, and the rising count of on-road automobiles.

In recent years, the radar sensor category, based on sensor type, led the industry, and it will remain leading, with over 12% CAGR, in the years to come. This is because of its various advantages, for instance, the ability to identify the exact location of an object, measure its distance, determine its velocity, focus on various targets at once, distinguish between mobile stationary targets, and collect data at multiple scales.

In recent years, North America led the advanced driver assistance systems industry, and it will remain leading in the years to come. This can be because of the high per capita of vehicles, the increasing fondness of customers for ADAS-equipped automobiles, a large count of premium car ownerships, the dropping price of sensors and systems, and advancement in technology.

APAC is expected to observe the fastest growth in the years to come. This can be because of the easy accessibility of sensors utilized in automobiles because of the widespread electronics sector; surging requirement for high-end vehicles because of the growing count of HNIs; various initiatives of the government, and the increasing count of automobiles utilized for product transportation.