Driver Assistance System Market Size To Reach USD 73

New York, US, March 02, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Driver Assistance System Market Research Information By Type, By Technology and By Region - Forecast till 2030, the market is anticipated to acquire a valuation of approximately USD 73 Billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 11.0% during the assessment timeframe.

Driver Assistance System Market Overview:

As a result, the global market for driver assistance systems is gaining tremendous traction. Also, the market is growing as a result of the global economy's ongoing expansion, increased premium passenger car demand, and expanding driver and vehicle safety concerns. Over the anticipated term, the development of safety and environmental standards will also aid the driver assistance industry's expansion.

The market for driver assistance systems has grown significantly in recent years, and as a result, demand for the various varieties is rising. According to predictions, this tendency will persist for the next seven years. Several restrictions have been enforced by various governmental approaches to car, driver, and passenger safety, requiring automakers to provide vehicles with safety equipment fitted.

Get Free Sample PDF Brochure:

Driver Assistance System Market Key Players:

Key players identified in the market:

  • Gentex Corporation (US)
  • Delphi Automotive Plc. (UK)
  • Autoliv Inc. (Sweden)
  • Hitachi Ltd (Japan)
  • Continental AG (Germany)
  • Magna International (Canada)
  • Hella Kgaa Hueck & Co. (Germany)
  • Robert Bosch Gmbh (Germany)
  • Texas Instruments Inc. (US)
  • Renesas Electronics Corporation (Japan)

The variety of benefits provided by different types of driver aid systems, rules requiring driver assistance systems, and an improvement in the world's economic situation are further reasons boosting the growth of the worldwide driver assistance system market. Driver assistance systems use technologies including the human machine interface (HMI), mobile security, telematics, and others to assist drivers with monitoring, warning, braking, and steering.

Report Scope:

Report MetricDetails
Revenue forecast in 2030USD 73 billion
Growth RateCAGR of 11.0% from 2022 to 2030
Base Year2021
Study Period2022-2030
Key Market OpportunitiesRise in demand for next-generation driving assistance systems with a safe human-machine interface to minimize human errors and avoid road casualties
Key Market DriversIncreasing Interest towards Vehicle Automation to Drive the Driver Assistance System Market

Browse In-depth Market Research Report (108 Pages) Driver Assistance System Market:

Over the following ten years, it is anticipated that automated and cooperative driving will become more commonplace when combined with ITS, vehicle control, and V2X, among other technologies. Driver assistance systems would afterwards play a greater part in lowering vehicle accidents by providing prompt warnings for approaching barriers and dangers like pedestrians, lane changes, and short braking distances.

The market for driver assistance systems will be driven by rising interest in automated vehicles. Driving risks are rising along with the daily increase in traffic on the roadways. People are favouring driving assistance technologies more as a result of this. DAS is becoming more and more popular, which has automotive players becoming more and more interested in automated driving. They keep making investments in cutting-edge technology advancements. Moreover, the global Driver Assistance System Market is growing due to the increased demand for vehicles with driver assistance systems.

The expansion of the driver assistance system market is also fueled by the surge in demand for next-generation driving assistance systems with a safe human-machine interface to reduce human error and prevent traffic fatalities. The two main reasons boosting market expansion are the application of cutting-edge technology in the development of DAS and the strengthening global economy. The development of numerous data sources, including image processing, LiDAR, radar, and automobile imaging, among others, promotes industry expansion.

The market for driver assistance systems still faces a lot of resistance despite the strong growth opportunities. Sales are hampered by high installation and maintenance costs for driver assistance technologies. However, increasing instances of sensor software errors are creating significant obstacles for the implementation of driving assistance systems.

Ask To Expert:

Moreover, the market's ability to expand would be constrained by factors such as increasing mental load, weariness, and reaction times, as well as safety issues related to the operator switching from the driver to the operator of hands-off support systems.

Driver Assistance System Market Segmentation:

The Driver Assistance System Market report is segmented on the basis of technology, types, and regions.

Based on type, Driver Assistance System Market has been segmented into intelligent park assist system (IPAS), adaptive cruise control (ACC), driver drowsiness system, lane departure warning system (LDWS), tire pressure monitoring system (TPMS), blind-spot detection (BSD) system, global positioning system, night vision, adaptive front lighting, and others.

The ACC sector among them has the biggest market share. The second-largest segment is the driver drowsiness system category, and it is anticipated to expand at a CAGR of 27.69% over the course of the forecast period. Nonetheless, the IPAS segment, which had revenue of USD 1828 million in 2018, is anticipated to grow at a remarkable CAGR during the assessment period.

By Technology, the market is segmented into Ultrasonic Sensor, Image Sensor, Radar Sensor, and Others [Sensors (Lidar Sensors and IR Sensors).

By Region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).

Due in large part to the rapidly expanding market for luxury vehicles and rising levels of vehicle manufacturing, the Asia Pacific region dominates the world market for driver assistance systems. Also, raising consumer knowledge of the benefits of driver and vehicle safety systems helps the industry expand. Throughout the forecast period, it is anticipated that the APAC luxury car market will expand quickly.

Check for Discount:

The highest market share is held by emerging nations with developing economies, including Japan, China, South Korea, and India. This is because there is an increasing demand for luxury vehicles in these countries as well as an improvement in the standard of living. Also, the established automobile sector in this area offers significant prospects for market participants. Moreover, rising auto maintenance costs and safety issues have an impact on regional market expansion.

Europe is anticipated to drastically drive the global Driver Assistance System Market during the projected period due to the obligatory rules in the region for adopting specific driver assistance systems. The abundance of luxury car producers in this area also contributes to the market's expansion.

Related Reports:

Substation Automation Market Research Report: by Component, Module, Communication Channel, Industry- Forecast till 2030

Fingerprint Sensor Market Research Report: By Type, Technology, Application, By Region - Forecast till 2027

MEMS and Sensors Market Research Report, Material, Type, Application - Forecast till 2030

Human Centric Lighting Market Research Report, By Component Type, By Applications - Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

Driver Assistance System Market Size To Reach USD 73


Global Intelligent Battery Sensor Market - Forecasts to

The key players covered in the global intelligent battery sensor market report are AMS AG, Continental AG, Denso Corporation, EDN Network, HELLA GmbH & Co....

North America Commercial Nuclear Power Market Size

BWX Technologies Inc., Doosan Heavy Industries & Construction Co. Ltd, Mitsubishi, Heavy Industries Ltd, GE-Hitachi Nuclear Energy Inc., Westinghouse...

Semiconductor Assembly and Testing Services (SATS) Market

Growing Chip Demand Drives Global SATS Industry...

Polyphenol Market Worth USD 3.0 Billion by 2030, to grow at

Polyphenol Market Insights and Industry Analysis by Source (Fruits, Vegetables, Whole Grains, Beverages), Type (Flavonoids, Phenolic Acids, Stilbenes,...

Aerogel Market Size Worth USD 7.5 Billion by 2030 at 17%

Aerogel Market Insights and Industry Analysis by Type (Silica, Polymer, Carbon), by Form (Blanket, Panel, Particle, Monolith), by Processing (Virgin,...

Micro-Hybrid Vehicles Market Projected to Reach USD

Micro-Hybrid Vehicles Market Research Report by Battery Type (Lead-acid, Lithium-ion, Others), by capacity (12V Micro-Hybrid, 48V Micro-Hybrid, Others), by...

Advancements In Low Light Imaging Technology Drive Growth

Chicago, Feb. 22, 2023 (GLOBE NEWSWIRE) -- The Low-Light Imaging Market by Technology (CMOS and CCD), Application (Photography, Monitoring, Inspection...

IP Video Surveillance Market Anticipated to Hit USD 80.94

IP Video Surveillance to Add Reliability, Scalability, Flexibility, and Intelligence to Video Management...


Cách đồng bộ hóa dữ liệu Y tế iCloud trong iOS 11

Bây giờ, Apple cho phép bạn đồng bộ dữ liệu sức khỏe của bạn ở iCloud trong iOS 11 trên iPhone và iPad.

Cách chơi game Liên quân Mobile trên máy tính

Chơi game Liên quân Mobile trên máy tính hay nói cách khác là cài đặt game Liên quân Mobile và chơi trên một trong những giả lập Android đang phổ biến trên thị trường hiện nay.

Hướng dẫn tăng tốc độ Internet trong Windows 10 version 1709

Hầu hết các bản cập nhật Windows 10 đều từ vài trăm MB đến GB, và đa số người dùng đều phàn nàn rằng kết nối internet của họ sẽ trở nên quá chậm khi Windows Update đang tải về bản cập nhật.

Cách khám phá vũ trụ và hệ mặt trời trên Google Maps

Google Maps mới cho phép người dùng thám hiểm vũ trụ, khám phá hệ mặt trời ngay trên chiếc máy tính của mình. Giờ đây việc xem Mặt trăng, Trái đất, sao Hỏa, Sao Kim, Sao Diêm Vương ngay trên Google Maps không còn là

Hướng dẫn làm USB Boot chuẩn Legacy và UEFI với DLCBoot 2017 v3.4

Dù bạn là một kỹ thuật viên máy tính hay sửa Windows dạo, hoặc chỉ đơn thuần là người thích vọc vạch thì USB cứu hộ vẫn là một thứ không thể thiếu được. Hôm nay, TECHRUM sẽ hướng dẫn các bạn cách để tạo một chiếc USB


HP LaserJet Pro MFP M130nw: giải pháp in ấn tiết kiệm cho doanh nghiệp

Lựa chọn một chiếc máy in cho văn phòng hoặc gia đình là một vấn đề nhiều người quan tâm đến. Trong đó đối tượng khách hàng doanh nghiệp thì yếu tố giá thành và tính năng được đặt lên hàng đầu. Nếu như ‘hầu bao’ của

Điện thoại giá rẻ Samsung Galaxy A03 và những điểm cần lưu ý

Galaxy A03 – mẫu smartphone tích hợp những công nghệ tốt nhất trong phân khúc với Bộ đôi camera 48MP sắc nét, camera xóa phông nghệ thuật và bộ lọc phong phú mở rộng giới hạn sáng tạo của giới trẻ. Bên cạnh đó, dung