Advanced Driver Assistance Systems Market Size

Advanced Driver Assistance Systems Market size was valued at USD 33.69 billion in 2024 and is set to exceed USD 127.8 billion by 2037, registering over 10.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of advanced driver assistance systems is evaluated at USD 36.6 billion.

The reason behind the market expansion is the increasing sales of electric vehicles across the globe, leading to extensive adoption of advanced driver assistance systems (ADAS), as they possess the capacity to significantly increase traffic safety by providing alerts or automated brakes to drivers to prevent or lessen collisions. As per the International Energy Agency, sales of electric vehicles increased by 3.5 million in 2023 compared to 2022, a 35% annual rise.