Automotive ADAS Aftermarket Market Size Report 2024-2028

The automotive adas aftermarket market size is expected to reach USD 4.18 billion by 2028, growing at a CAGR of 12.15% from 2023. Growth factors include declining sensor costs, increased consumer adoption of Advanced Driver Assistance Systems (ADAS) due to improved accessibility, heightened safety awareness, and regulatory mandates for safety technology integration.

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Market Dynamics

Key Market Driver

• A decline in sensor prices is driving market growth. The reduced pricing of automotive sensors such as radars and cameras enables aftermarket players to develop cost-effective ADAS technologies.

• Increased adoption of automotive sensors has contributed to cost reductions, making ADAS solutions more affordable for vehicle owners.

• Radar sensors, now priced between USD 50 to USD 200, have become more accessible, driving market expansion.

Significant Market Trends

• Growing development of aftermarket ADAS for commercial vehicles (CVs).

• Increasing AI-based ADAS adoption, enhancing object detection and recognition capabilities.

• NVIDIA DRIVE AutoPilot’s AI integration by ZF Friedrichshafen and Continental for ADAS solutions.

Major Market Challenge

• OEM adoption of active ADAS technologies limits aftermarket growth.

• OEMs increasingly offer active ADAS systems such as adaptive cruise control (ACC) and advanced emergency braking system (AEBS), reducing demand for aftermarket passive systems.

• Price declines in passive systems further challenge aftermarket expansion.

Market Segmentation

By Technology

• Passive park assists (rear parking sensors, reversing cameras, rear cross-traffic alerts)

• FCWS and LDWS

• Others

By Vehicle Type

• Passenger vehicles

• Commercial vehicles

Regional Market Trends

North America

• United States

• Canada

Europe

• United Kingdom

• Germany

• France

• Rest of Europe

APAC

• China

• India

South America

• Chile

• Brazil

• Argentina

Middle East & Africa

• Saudi Arabia

• South Africa

• Rest of Middle East & Africa

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Key Players

• Brandmotion LLC

• BorgWarner Inc.

• Continental AG

• CUB ELECPARTS Inc.

• Garmin Ltd.

• Gentex Corp.

• HELLA GmbH and Co. KGaA

• Intel Corp.

• Information Technologies Institute Intellias LLC

• Knorr Bremse AG

• MINIEYE

• Robert Bosch GmbH

• Samsung Electronics Co. Ltd.

• Sasken Technologies Ltd.

• Solera Holdings LLC

• TomTom NV

• Valeo SA

• Veoneer Inc.

• VOXX International Corp.

• ZF Friedrichshafen AG

Recent Developments

• ZF Friedrichshafen and Continental announced AI-based ADAS solutions using NVIDIA DRIVE AutoPilot