Research Expert: Sarah Overall
  • Published: Jun 2025
  • Pages: 150
  • SKU: IRTNTR74287

  • Latest News- Commercial Vehicle ADAS Market: LCV is expected to lead the Application segment during 2025-2029

    The Commercial Vehicle ADAS Market is being driven by Introduction of sensor technology

    The Commercial Vehicle ADAS Market is expected to grow at a CAGR of 13.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3116.1 million. In the commercial vehicle market, the automotive industry is making significant strides in enhancing Advanced Driver-Assistance Systems (ADAS) through innovative collaborations and individual developments. One such advancement comes from TomTom International BV, which offers the TomTom ADAS Map. This map data supplements traditional sensor data, enabling ADAS to anticipate road conditions and make informed decisions beyond sensor limitations. By incorporating this additional map content, commercial vehicle ADAS technologies, including adaptive cruise control (ACC) and transmission select switch reverse (TSR), will experience enhanced functionality and improved safety. 

    Get more information on Commercial Vehicle ADAS Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • LCV
      • HCV
    • Technology
      • TPMS
      • PAS
      • FCW
      • Others
    • Geography
      • North America
        • Canada
        • US
      • APAC
        • China
        • India
        • Japan
      • Europe
        • Germany
        • UK
        • France
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Introduction of sensor technology
      • Increased electrification of commercial vehicles
      • Growing development of aftermarket ADAS for CVs

      However, the market also witnesses some limitations, which are as follows:

      • Potential negative impact of existing regulations
      • Flexibility issues, testing complexities, and compliance with industry standards
      • Shortage of skilled automotive technicians

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      Market Scope in Commercial Vehicle ADAS Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      212

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 13.6%

      Market growth 2025-2029

      USD 3116.1 million

      Market structure

      fragmentation

      YoY growth 2024-2025(%)

      11.2

      Key countries

      US, China, Germany, Canada, Japan, India, France, UK, Brazil, and UAE

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Commercial Vehicle Advanced Driver-Assistance Systems (ADAS) market encompasses technologies such as night vision systems and drowsiness monitoring systems. These innovations complement traditional ADAS features like radar, LIDAR, and cameras. Vehicle electrification and automation are driving the market's growth. Sensors, software, and various systems such as parking assist, adaptive front lighting, and blind spot detection are integral components. Night vision systems, locator telescope cameras, and self-driving capabilities enhance vehicle safety for both commercial and premium vehicles.

      Market Research Overview

      The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including commercial vehicles (CVs), electric vehicles (EVs), heavy-duty vehicles, passenger cars (PCs), motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue of automotive component and equipment manufacturers. Key growth drivers in this sector include the rising integration of electronic components in automobiles, such as night vision systems, radar, and ADAS sensors, which have seen significant demand due to the increasing sales of EVs, motorcycles, and PCs in recent years. Additionally, the trends toward vehicle electrification and automation are further fueling the growth of the automotive components and equipment market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


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      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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