Global Automotive ADAS and Park Assist Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Camera Unit, Lidar Sensor, Radar Sensor, and Ultrasonic Sensor.

By Offering;

Hardware and Software.

By Technology;

Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head Up Display, Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, and Tire Pressure Monitoring System.

By Vehicle Type;

Buses, Light Commercial Vehicles (LCVS), Passenger Cars (PCS), and Trucks.

By Electric Vehicle Type;

Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), and Plug-In Hybrid Electric Vehicle (PHEV).

By Distribution Channel;

OEM and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn561302401 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive ADAS and Park Assist Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive ADAS and Park Assist Market was valued at USD 11096.07 million. The size of this market is expected to increase to USD 21623.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The global automotive ADAS and park assist market is experiencing significant growth, driven by advancements in technology and the increasing demand for enhanced safety features in vehicles. As automotive manufacturers continue to integrate advanced driver assistance systems (ADAS) into their vehicles, park assist systems have become a key feature aimed at improving parking safety and convenience. These systems leverage sensors, cameras, and radar to assist drivers in parking by providing real-time visual and auditory cues, helping to prevent collisions with obstacles and other vehicles. The growing emphasis on reducing accidents and improving overall driving experience is fueling the widespread adoption of ADAS and park assist technologies.

The rise in urbanization and the increasing number of vehicles on the road have created a need for more efficient parking solutions, making park assist systems more attractive to consumers and automakers alike. With more crowded city environments and limited parking spaces, drivers are turning to these systems to ease the parking process and avoid accidents. Additionally, the integration of park assist systems with other ADAS technologies such as adaptive cruise control and collision avoidance enhances the overall safety and convenience of the driving experience. This integration is encouraging automakers to include park assist systems as standard or optional features in both new and existing vehicle models.

As the automotive industry moves toward higher levels of automation, the demand for advanced parking assistance technologies is expected to grow. With the continuous development of sensor technologies, such as cameras, radar, and ultrasonic sensors, along with the rise of electric and autonomous vehicles, the automotive ADAS and park assist market is poised for significant expansion. This growth is also supported by increasing consumer awareness of the benefits of these systems, including enhanced safety, reduced stress, and improved convenience. As innovation continues in this space, the market for ADAS and park assist technologies will likely see further advancements, contributing to safer and more efficient driving experiences worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Offering
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Vehicle Type
    5. Market Snapshot, By Electric Vehicle Type
    6. Market Snapshot, By Distribution Channel
    7. Market Snapshot, By Region
  4. Global Automotive ADAS and Park Assist Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Rising Vehicle Safety Standards
        2. Consumer Demand for Advanced Safety Features
        3. Regulatory Mandates for ADAS
      2. Restraints:
        1. High Cost of ADAS Components
        2. Limited Awareness in Emerging Markets
        3. Technical Challenges in Integration
      3. Opportunities:
        1. Growth of Electric and Autonomous Vehicles
        2. Advancements in Sensor and AI Technologies
        3. Expanding Aftermarket Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive ADAS and Park Assist Market, By Component, 2021 - 2031 (USD Million)
      1. Camera Unit
      2. Lidar Sensor
      3. Radar Sensor
      4. Ultrasonic Sensor
    2. Global Automotive ADAS and Park Assist Market, By Offering, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    3. Global Automotive ADAS and Park Assist Market, By Technology, 2021 - 2031 (USD Million)
      1. Adaptive Cruise Control
      2. Automatic High Beam Control
      3. Autonomous Park Assist
      4. Blind Spot Detection
      5. Driver Monitoring
      6. Forward Collision Warning
      7. Front Lighting
      8. AEB
      9. Night Vision
      10. Head Up Display
      11. Lane Departure Warning
      12. Park Assist
      13. Surround View System
      14. Traffic Sign Recognition
      15. Tire Pressure Monitoring System
    4. Global Automotive ADAS and Park Assist Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Buses
      2. Light Commercial Vehicles (LCVS)
      3. Passenger Cars (PCS)
      4. Trucks
    5. Global Automotive ADAS and Park Assist Market, By Electric Vehicle Type, 2021 - 2031 (USD Million)
      1. Battery Electric Vehicle (BEV)
      2. Fuel Cell Electric Vehicle (FCEV)
      3. Hybrid Electric Vehicle (HEV)
      4. Plug-In Hybrid Electric Vehicle (PHEV)
    6. Global Automotive ADAS and Park Assist Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. OEM
      2. Aftermarket
    7. Global Automotive ADAS and Park Assist Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
      3. Rest of Europe
        1. Asia Pacific
        2. Japan
        3. China
        4. India
        5. Australia & New Zealand
        6. South Korea
        7. ASEAN (Association of South East Asian Countries)
        8. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Robert Bosch GmbH
      2. ZF Friedrichshafen AG
      3. Continental AG
      4. Aptiv
      5. Intel Corporation
      6. DENSO CORPORATION
      7. HYUNDAI MOTOR GROUP
      8. VALEO
      9. Magna International Inc
      10. SAMSUNG
      11. NVIDIA Corporation
      12. HELLA GmbH & Co. KGaA
      13. Texas Instruments Incorporated
      14. VOXX International Corp
      15. BlackBerry Limited
      16. WABCO
      17. Infineon Technologies AG
      18. Ficosa Internacional SA
      19. AISIN SEIKI Co
      20. Hitachi Automotive Systems Americas
      21. Renesas Electronics Corporation
  7. Analyst Views
  8. Future Outlook of the Market