Asia-Pacific Automotive Advanced Driver Assistance Systems Market Size

Statistics for the 2023 & 2024 Asia-Pacific Automotive Advanced Driver Assistance Systems market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Automotive Advanced Driver Assistance Systems size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Automotive Advanced Driver Assistance Systems Industry

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Market Overview
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 16.96 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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APAC Automotive Advanced Driver Assistance Systems Market Analysis

The Asia-Pacific Automotive Advanced Driver Assistance Systems Market is valued at USD 16.15 Billion in 2021 and is expected to reach USD 40.92 Billion in 2027, registering a CAGR of 16.96% during the forecast period (2022-2027).

The COVID-19 pandemic had a massive impact on the market as lockdowns and trade restrictions have led to supply chain disruptions and a halt of vehicle production across the world. However, as restrictions eased, players started focusing on mitigating such risks and developments to create momentum in the market during the forecast period.

Growing production of vehicles with integrated ADAS features in the wake of rising awareness toward comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Moreover, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market.

Additionally, technological advancements in advanced driver assistance systems and a growing emphasis on multifunctional systems create lucrative opportunities for players in the market.

Asia-Pacific Automotive Advanced Driver Assistance Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)