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Automotive Advanced Driver Assistance System (ADAS) Market size is set to grow by USD 33.67 billion from 2024-2028, Decline in sensor prices boost the market, Technavio

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NEW YORK, July 24, 2024 /PRNewswire/ — The global automotive advanced driver assistance system (ADAS) market size is estimated to grow by USD 33.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.87% during the forecast period. Decline in sensor prices is driving market growth, with a trend towards growing development of ai-enabled ADAS solutions. However, high costs associated with service and maintenance of adas poses a challenge. Key market players include AISIN CORP., Aptiv Plc, Autoliv Inc., BorgWarner Inc., Continental AG, DENSO Corp., Gentex Corp., Harman International Industries Inc., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Infineon Technologies AG, Intel Corp., Magna International Inc., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG.

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Automotive Advanced Driver Assistance System (ADAS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 10.87%

Market growth 2024-2028

USD 33678.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.53

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, Germany, China, Japan, and France

Key companies profiled

AISIN CORP., Aptiv Plc, Autoliv Inc., BorgWarner Inc., Continental AG, DENSO Corp., Gentex Corp., Harman International Industries Inc., HELLA GmbH and Co. KGaA, Hyundai Motor Co., Infineon Technologies AG, Intel Corp., Magna International Inc., NXP Semiconductors NV, Panasonic Holdings Corp., Renesas Electronics Corp., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG

Market Driver

Automotive companies are prioritizing customer needs and personalized solutions in a connected environment. Artificial Intelligence (AI) technology is increasingly used in Advanced Driver Assistance Systems (ADAS) due to its ability to mimic human brain functions. AI-based ADAS continuously learns and enhances object detection and recognition. NVIDIA DRIVE AutoPilot, for instance, has AI capabilities that significantly improve object detection. Major ADAS manufacturers like ZF Friedrichshafen and Continental have started producing AI-based ADAS solutions based on NVIDIA DRIVE AutoPilot. The demand for effective active safety and reliable driving systems will drive the growth of the global automotive ADAS market. AI-enabled ADAS solutions are expected to gain significant traction due to their power efficiency and reduced development time. This trend will continue to shape the market during the forecast period. 

The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth as software companies and service providers team up with ride-sharing operators, luxury vehicle manufacturers, and automakers to integrate advanced safety features. Night vision systems, drowsiness monitoring, and sensor technology are key trends in this sector. With the rise of vehicle electrification and automation, processors, software, and sensors are in high demand. Passenger cars and commercial vehicles are adopting these systems to meet safety standards and regulations, such as Vision Zero, which aims for road safety with zero fatalities and injuries. Lane departure warning, self-driving vehicles, and collision avoidance systems are becoming standard features. Continental, Seeing Machines, Analog Devices, and other industry leaders are developing AI-oriented automotive solutions using infrared cameras and DMS/OMS systems. Road safety is a top priority, with proactive measures including anti-lock braking systems, electronic stability control, and adaptive cruise control. 

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Market Challenges

The Automotive Advanced Driver Assistance System (ADAS) market growth is being hindered by several factors. One major challenge is the high cost of maintenance and repair for vehicles equipped with ADAS. These systems, which include features like Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), and Automatic Emergency Braking System (AEBS), use sophisticated technology like radar sensors. The repair costs for these sensors are significantly high, with radar sensors for AEBS and ACC costing above USD900, and rear radar sensors for BSD and rear cross-traffic alert costing about USD2,000. This high repair cost is a significant barrier to ADAS adoption, particularly in emerging economies where customers are price-sensitive. Another challenge is the shortage of skilled technicians required to calibrate and repair ADAS technology. This shortage is particularly acute in prominent economies, such as the US, where the automotive industry is projected to need around 46,000 skilled automotive technicians by 2026. The global automotive industry is already facing a shortage of skilled technicians, leading to rising repair and maintenance costs. This shortage is expected to continue, posing a significant challenge to the growth of the automotive ADAS market during the forecast period.The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth due to the increasing demand for safety features in electric and autonomous vehicles. Road safety remains a top priority, with a focus on reducing accidents and injuries. Automakers are responding with proactive measures such as anti-lock braking systems, electronic stability control, collision avoidance systems, adaptive cruise control, and crash test ratings. However, challenges remain, including the need for standardized infrastructure in rural and less-developed areas, and the integration of technologies like Automotive Ethernet, high-definition cameras, and sensors (radar, LIDAR, ultrasonic, image, infrared) with human-machine interfaces. Regulations continue to evolve, with a focus on safety standards and infrastructure improvements. General Motors, microcontroller units, electronic control units, and controllers are key players in this market. Premium vehicles often include advanced ADAS systems, such as vehicle radar, sensing systems, control modules, power electronics, and human-machine interfaces for vehicle speed and engine fuel supply. E-Hailing service providers are also investing in ADAS to enhance safety and improve the customer experience.

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Segment Overview 

This automotive advanced driver assistance system (adas) market report extensively covers market segmentation by  

Application 1.1 Passenger cars1.2 Commercial vehiclesTechnology 2.1 AEBS2.2 TPMS2.3 PAS2.4 LDWS and othersGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The passenger cars segment is the largest adopter of Advanced Driver Assistance Systems (ADAS) in the automotive industry, driven by automotive Original Equipment Manufacturers (OEMs) seeking to enhance vehicle safety ratings and differentiate their products. Developed regions, including North America and Europe, lead the adoption due to stringent safety regulations, such as the US National Highway Traffic Safety Administration’s (NHTSA) 5-Star Safety Ratings program, which emphasizes ADAS technologies like Automatic Emergency Braking Systems (AEBS), Forward Collision Warning Systems (FCWS), Lane Departure Warning Systems (LDWS), Tire Pressure Monitoring Systems (TPMS), and rear-view video systems. Key players, such as Daimler AG (Daimler), BMW AG (BMW), and Volkswagen AG (Volkswagen), are pioneering the adoption of emerging ADAS technologies in mass-market passenger cars, fueling market growth. Luxury car manufacturers also innovate advanced ADAS functionalities to differentiate their offerings, collaborating to develop automated technologies, further driving the passenger cars segment’s growth in the global automotive ADAS market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Automotive ADAS Aftermarket is experiencing robust growth, driven by increasing demand for advanced safety features and technological advancements. Concurrently, the global Automotive Advanced Driver Assistance System (ADAS) Sensors Market is also on the rise, with a focus on enhancing vehicle safety and automation. This market is expected to grow significantly, driven by innovations in sensor technology and rising consumer awareness about vehicle safety. Both markets reflect a growing emphasis on advanced automotive technologies.

Research Analysis

The Automotive Advanced Driver Assistance System (ADAS) market is experiencing significant growth due to the increasing demand for road safety and the integration of electric vehicles (EVs) and autonomous vehicles (AVs) into the automotive industry. ADAS technologies, including night vision systems, sensor and processor technologies, and AI-oriented automotive, are designed to enhance safety features in vehicles, reduce accidents, injuries, and road traffic fatalities. These proactive measures are particularly important for luxury vehicles and battery electric vehicles (BEVs), which may have unique safety challenges. The market for ADAS is driven by safety standards and consumer demand for increased vehicle automation and electrification. Companies such as Continental, Seeing Machines, and Analog Devices are leading the way in the development of innovative ADAS technologies, including infrared cameras and AI-based systems, to create self-driving vehicles that prioritize safety and performance.

Market Research Overview

The Automotive Advanced Driver Assistance System (ADAS) market is witnessing significant growth due to the increasing focus on road safety and reducing accidents. Electric vehicles and autonomous vehicles are driving the demand for advanced safety features, including anti-lock braking systems, electronic stability control, collision avoidance systems, adaptive cruise control, and lane departure warning. Automakers are integrating these safety systems into premium and luxury vehicles to meet safety standards and regulations. Road infrastructure plays a crucial role in the effective implementation of ADAS, with standardized infrastructure and cloud data essential for proactive measures. In rural and less-developed areas, high-definition cameras, Automotive Ethernet, and e-hailing service providers are key. Sensors, including radar, LIDAR, ultrasonic, image, and infrasound, are integral to ADAS, along with microcontroller units, electronic control units, and human-machine interfaces. Vehicle speed, engine fuel supply, and vehicle radar sensing systems are controlled by controllers, power electronics, and software companies. Vision Zero, a road safety initiative, is a key focus area for ride-sharing operators and luxury vehicle manufacturers. Night vision systems, drowsiness monitoring systems, vehicle electrification, and vehicle automation are also gaining popularity in the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsCommercial VehiclesTechnologyAEBSTPMSPASLDWS And OthersGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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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SOURCE Technavio

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Technology

Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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