Advanced driver assistance systems available on the vast majority of new vehicles.

ADAS /a-das/ noun – Advanced driver assistance systems. Automotive technologies that use cameras, sensors, and other external data to warn drivers about potential road hazards and improve vehicle safety. Examples: blind-spot detection systems, lane-keeping assist, adaptive cruise control, automatic emergency braking.

Increased spending/deal making

Recent high-profile developments in the ADAS market include:

  • Luminar Technologies Inc. plans to go public in $2.9 billion reverse merger to expand development of its light detection and ranging (LiDAR) technology
  • Hyundai Motor Group forms joint venture with Aptiv to develop ADAS and autonomous technology for robo taxi fleet operators, automotive manufacturers
  • Velodyne Lidar buys mapping and localization software from Mapper, tying mapping capabilities to imaging technology; deal funded in part by Hyundai Mobis $50 million investment in Velodyne to expand ADAS
  • Visteon Corp. opens a technology center in Germany,  expands vehicle cockpit electronics, information display, driver assistance, cockpit domain controller, and autonomous driving technologies

16% compound annual growth rate (CAGR) 2020 to 2025 projection

80% of all new vehicles globally available with at least one ADAS technology; take rates higher in North America and Europe