Global Driver Assistance System (DAS) Market Insights and Forecast to 2028

Driver Assistance System (DAS) Market Forecast 2028

The global Driver Assistance System (DAS) market size is projected to reach US$ 85110 million by 2028, from US$ 28240 million in 2021, at a CAGR of 16.6% during 2022-2028. Key drivers of the driver assistance system market include the growing shift towards autonomous driving technology. 

Strict regulatory mandates for vehicle safety and preference for advanced safety features, and convenience in automobiles will fuel the growth of the driver assistance system market.

Driver Assistance System (DAS) Market Trends

The emergence of autonomous driving vehicles

The automobile industry is going through a transformative phase. Many manufacturers are expanding their production lines for automated cars. Key players are spending massively on R&D initiatives to provide next-generation technology for enhancing the overall driving experience. ADAS vehicles connect with other cars through the use of AI, sensors, cameras, GPS, and LIDARs for effective real-time route optimization. The information is shared quickly regarding road conditions and traffic levels. These vehicles can operate at greater speeds and in closer proximity leading to increased lane capacity. This will fuel the growth of the driver assistance system market during the forecast period. Moreover, they are extremely lightweight thereby consuming less fuel than conventional vehicles. The LIDAR sensors capture point-like cloud data for producing images that help the cars to see their nearby environment. The attached radar system generates high-frequency signals and shorter wavelengths for navigating through poor weather conditions and traveling long distances. Autonomous capabilities rely on complex algorithms that run on powerful processors. The processors take accurate decisions based on real-time data collected from a large number of embedded sensors. The advent of 5G technology ensures high-speed connectivity and remote monitoring of fleets. 

Stricter safety mandates

Road traffic deaths and injuries are rising tremendously with each passing year. About 1.3 million people die on the roads every year due to road rage and accidents. These unacceptable numbers are largely preventable as the main reason behind the majority of road traffic crashes includes the negligent behavior of the driver.  Hence government authorities around the globe are enacting mandatory regulations for improving the safety of vehicles and passengers. This will surge the growth of the driver assistance system market in the forthcoming years. A large number of sensors capture contextual based on specific situations to provide accurate information and reduce redundancy. The inbuilt actuator analyzes the sensor data through processors and aid in electric power steering, autonomous acceleration, and braking. A 3d real-time spatial model is created for measuring threat levels based on the proximity to the immediate surroundings. While features such as adaptive cruise control reduce stress on the driver by automatically controlling the vehicle's speed and distance from the preceding car. This allows the driver to relax and focus more on the traffic.  Lane departure warning systems alert the driver if the car steers away from the edge of the lane. Moreover, park assist systems are automated parking aids that guide drivers with better precision. Using a guidance system technology drivers can ensure seamless parking of their vehicles. While blind spot detection systems make use of the sensor to monitor the area just next to and behind the vehicles. It covers all the blind spot areas thereby reducing the strain on drivers and providing signals to the car to avoid hazardous situations. 

Huge costs and malfunctioning issues

The demand for intelligent driver assistance systems is growing to meet the increasing consumer demand and maintain relevance in the fast-changing market. These systems function entirely with the help of LIDARs, sensors, cameras, and software tools. The incessant battery consumption and complicated structures lead to instances of failures and breakdowns. This will deter the growth prospects of the driver assistance system market in the forthcoming years. The electoral components may provide incorrect information and display factual errors along with cybersecurity threats. In such cases, there is a huge risk for the vehicle and the onboard passengers. Also, there are a lot of technical challenges that need to be fixed for the commercialization of the vehicles. 

Driver Assistance System (DAS) Market Share Analysis

Based on type, the adaptive cruise control segment will dominate the driver assistance system market share as it is an active safety technology that is being deployed increasingly in autonomous vehicles for ensuring efficiency and safety. Intelligent ACC systems eliminate human intervention and provide personalized vehicle dynamics in great detail and with high precision. It provides a safe and pleasant driving experience.

Based on application, the passenger car segment will grow the highest due to the diverse range of designs and features available for consumers to choose from and rising integration with ADAS tools. 

Based on region, the Europe segment will witness considerable growth opportunities due to the mature automobile industry and huge adoption of technology. Consumer preference for safety features and strict regulations will also contribute to the growth. 

Driver Assistance System (DAS) Market By Type

• Adaptive Cruise Control (ACC)
• Lane Departure Warning (LDW) System
• Park Assist
• Blind Spot Detection
• Others

Driver Assistance System (DAS) Market By Application

• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

Driver Assistance System (DAS) Market By Company

• Continental
• Delphi Automotive
• Robert Bosch
• Aisin Seiki
• Autoliv
• Denso Corporation
• Valeo
• Magna International
• TRW Automotive Holdings
• Hella Kgaa Hueck
• Ficosa International
• Mobileye NV
• Mando Corp
• Texas Instruments
• Tass International

Driver Assistance System (DAS) Market By Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Scope of the DAS Market Report