In the recent times, there has been a lot of speculation related to advanced driver-assistance system (ADAS) which provides best driving experience for the drivers. ADAS technology helps to detect the unhealthy driving conditions which lead to road accidents today. Road accidents are basically caused due to distracted driving, over speeding, drink and drive, foggy weather, no proper headlights, or due to some object which suddenly trespasses the vehicle. Today the major advancements in ADAS include parking assistance, road traffic detection, object detection on highways, and lane detection. But the major risk limitation in ADAS system is the speed and time at which the object is detected and tracked. Several algorithms such as R-CNN, Fast R-CNN, and YOLO were used for effective object detection and tracking earlier, but sometimes, the system do fail to detect due the speed factor. Hence, the proposed work presents a novel approach called “A Real-Time Object Detection Framework for Advanced Driver Assistant Systems” by implementing the state-of-the-art object detection algorithm YOLOv5 which improves the speed in detection of object over real-time. This paper provides a comparison between other state-of-the-art object detectors such as YOLOv3 and YOLOv4. Comparison is done based on mean average precision (mAP) and frames per second (FPS) on three benchmark datasets collected as a part of research findings. YOLOv5 proves to be faster and 95% accurate than the other object detection algorithms in the comparison. This framework is used to build a mobile application called “ObjectDetect” which helps users make better decisions on the road. “ObjectDetect” consists of a simple user interface that displays alerts and warnings.