Report Sees ADAS and Autonomous Vehicles as $144 Billion Market by 2025

The market for advanced driver assistance systems (ADAS) and autonomous vehicles will reach $144 billion in global revenue by 2025, said Juniper Research in a Tuesday news release. The market research firm said ADAS adoption is expected to increase rapidly over the next five years, though it still lacks significant mass market penetration. Several factors will account for this: reduced hardware costs, especially sensors; more governmental interest in self-driving cars due to safety and environmental reasons, with commercial companies such as ride-sharing providers leading the way; and stricter safety "specifications" for "vulnerable road users such as pedestrians."