The scientific advancements in the vehicle and infrastructure automation industry are progressively improving nowadays to provide benefits for the end-users in terms of traffic congestion reduction, safety enhancements, stress-free travels, fuel cost savings, and smart parking, etc. The advances in connected, autonomous, and connected autonomous vehicles (CV, AV, and CAV) depend on the continuous technology developments in the advanced driving assistance systems (ADAS). A clear view of the technology developments related to the AVs will give the users insights on the evolution of the technology and predict future research needs. In this paper, firstly, a review is performed on the available ADAS technologies, their functions, and the expected benefits in the context of CVs, AVs, and CAVs such as the sensors deployed on the partial or fully automated vehicles (Radar, LiDAR, etc.), the communication systems for vehicle-to-vehicle and vehicle-to-infrastructure networking, and the adaptive and cooperative adaptive cruise control technology (ACC/CACC). Secondly, for any technologies to be applied in practical AVs related applications, this study also includes a detailed review in the state/federal guidance, legislation, and regulations toward AVs related applications. Last but not least, the impacts of CVs, AVs, and CAVs on traffic are also reviewed to evaluate the potential benefits as the AV related technologies penetrating in the market. Based on the extensive reviews in this paper, the future related research gaps in technology development and impact analysis are also discussed.