Commercial Vehicle ADAS Market to grow by USD 2.52 billion from 2023 to 2028, Aptiv Plc, Autoliv Inc., Brandmotion LLC and more among key companies

NEW YORK, Dec. 15, 2023 /PRNewswire/ — The commercial vehicle adas market is estimated to grow by USD 2.52 billion from 2023 to 2028, growing at a CAGR of 12.39%. The commercial vehicle adas market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer commercial vehicle adas market are Aptiv Plc, Autoliv Inc., Brandmotion LLC, Continental AG, DENSO Corp., Gentex Corp., Hyundai Motor Co., Intel Corp., Knorr Bremse AG, Magna International Inc., Mobileye Technologies Ltd., Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sensata Technologies Inc., Tata Motors Ltd., Valeo SA, Wabtec Corp., and ZF Friedrichshafen AG.

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Company Offering:

Aptiv Plc – The company offers commercial vehicle ADAS through smart sensor support for moving people, sensor 360-degree radars, software tracks and smart visionary.
Autoliv Inc. – The company offers commercial vehicle ADAS such as driver airbags, side curtain airbags, seatbelts and pyrotechnical safety switches.
Continental AG – The company offers commercial vehicles ADAS which are engineered for specific smart control-driven markets.
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Download Free Sample report for insights on how the below factors will affect the market, Advanced Driver Assistance Systems (ADAS), Fleet Management, Collision Avoidance, Lane Departure Warning (LDW), Adaptive Cruise Control (ACC), Emergency Braking System (EBS), Blind Spot Detection (BSD), Intelligent Transportation Systems (ITS), Telematics, Vehicle-to-Everything (V2X) Communication, Automotive Radar, Ultrasonic Sensors, LiDAR Technology, Electronic Stability Control (ESC), Autonomous Vehicles, Truck Platooning, Traffic Sign Recognition (TSR), Driver Monitoring Systems (DMS), Vehicle Diagnostics, In-Vehicle Infotainment (IVI), Artificial Intelligence (AI) in Automotive, Global Positioning System (GPS), Connectivity Solutions and Commercial Vehicle Safety.

By Geography, the market is classified as North America, Europe, APAC, Middle East and Africa, and South America. Europe will have the largest share of the market.

Europe is estimated to account for 32% of the global market growth during the forecast period. Another region offering significant growth opportunities to companies is North America. North America currently dominates in the commercial vehicle advanced driver assistance systems (ADAS) market. The growth in this market is primarily attributed to the recent technological advancements in the automotive industry and the increased adoption rate of new technology, along with the improved economic conditions in the region.

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Impactful driver- Increased electrification of commercial vehicles
Key Trend – Development of highly accurate map content for commercial vehicle ADAS
Major Challenges – Flexibility issues, testing complexities, and compliance with industry standards

Market Segmentation

The market share growth by blind spot detection and others segment is significant during the forecast period. Blind spot detection and others in the technology segment comprise adaptive cruise control lane departure warning systems and autonomous emergency braking systems. Blind spot detection (BSD) is a collision avoidance system that tracks objects in the vehicle’s blind spot and warns the driver about the same.

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In today’s fast-evolving automotive landscape, the Commercial Vehicle Advanced Driver Assistance Systems (ADAS) Market stands at the forefront of innovation. The integration of cutting-edge technologies such as Collision Avoidance, Lane Departure Warning (LDW), and Adaptive Cruise Control (ACC) has revolutionized Fleet Management in commercial vehicles. The implementation of Emergency Braking Systems (EBS) and Blind Spot Detection (BSD) has significantly enhanced safety standards, contributing to the rise of Intelligent Transportation Systems (ITS).

Telematics and Vehicle-to-Everything (V2X) Communication are pivotal in enabling seamless connectivity, facilitating real-time data exchange among vehicles and infrastructure. The synergy of Automotive Radar, Camera Systems, and Ultrasonic Sensors, complemented by LiDAR Technology, forms the backbone of these Advanced Driver Assistance Systems.

Furthermore, Electronic Stability Control (ESC) plays a crucial role in maintaining stability and mitigating risks, pivotal elements in the journey towards Autonomous Vehicles. Innovations like Truck Platooning, Traffic Sign Recognition (TSR), and Driver Monitoring Systems (DMS) underscore the industry’s commitment to proactive safety measures and efficient operations.

The integration of Predictive Maintenance and Vehicle Diagnostics empowers fleet managers with actionable insights, ensuring optimal vehicle performance and longevity. In-Vehicle Infotainment (IVI) systems, coupled with Artificial Intelligence (AI) in Automotive technology, provide an immersive and intelligent driving experience for commercial vehicles.

Moreover, the reliance on Global Positioning System (GPS) and Connectivity Solutions optimizes navigation and communication, bolstering Commercial Vehicle Safety. These multifaceted advancements within the Commercial Vehicle ADAS Market epitomize a collective pursuit of innovation, efficiency, and safety on the roads.

The report provides detailed analysis on Advanced Driver Assistance Systems (ADAS), Fleet Management, Collision Avoidance, Lane Departure Warning (LDW), Adaptive Cruise Control (ACC), Emergency Braking System (EBS), Blind Spot Detection (BSD), Intelligent Transportation Systems (ITS), Telematics, Vehicle-to-Everything (V2X) Communication, Automotive Radar, Ultrasonic Sensors, LiDAR Technology, Electronic Stability Control (ESC), Autonomous Vehicles, Truck Platooning, Traffic Sign Recognition (TSR), Driver Monitoring Systems (DMS), Vehicle Diagnostics, In-Vehicle Infotainment (IVI), Artificial Intelligence (AI) in Automotive, Global Positioning System (GPS), Connectivity Solutions and Commercial Vehicle Safety.

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Commercial Vehicle ADAS Market Scope
Report Coverage	Details
Historic period	2018-2022
Growth momentum & CAGR	Accelerate at a CAGR of 12.39%
YoY growth 2022-2023 (%)	10.05
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Key countries	US, Canada, China, Germany, and Spain

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Technology

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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