Advanced Driver Assistance Systems (ADAS) Market Synopsis
Advanced driver assistance systems are the latest technologies that are integrated into automobiles to enhance vehicle performance and safety features. Market Research Future (MRFR) has revealed in its report that the global advanced driver assistance systems market is expected to register 13.6% CAGR over the review period. The market is dependent on the growth of the automotive industry. Increasing demand for automobiles is assessed to have a direct impact on the expansion of the advanced driver assistance systems market soon. Increasing Number of Accidents to Expand Advanced Driver Assistance Systems Market. Rising Demand for Luxurious Automobiles to Expand Advanced Driver Assistance Systems Market.
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The developments of the technologies such as sensors are expected to boost the growth rate of the advanced driver assistance systems market over the assessment period. The increasing investments in enhancing the performance of driving assistance systems such as parking sensors, drowsiness monitor, etc. is expected to catapult the market on upward trajectory. The rising demand for high-end automobiles is projected to have a positive impact on the revenue generation in the global marketplace.
Increasing demand for advanced driving assistance systems can also be credited to the increasing road accidents. Every year millions of people are succumbing to or get injured in these accidents. It is anticipated to motivate the integration of these systems in vehicles. In addition, technologies such as pedestrian protection are expected to drive the growth of the advanced driver assistance systems market soon. It has also been unraveled that the governments are motivating the integration of these systems, thus, supporting market growth.
Advanced Driver Assistance Systems Market Segmentation
The segments of the advanced driver assistance systems market, based on technology, are adaptive cruise control, adaptive front-lighting system, intelligent park assist, pedestrian protection, drowsiness monitor, blind-spot detection, a head-up display, and others.
On the basis of vehicle type, the segmental assessment of the advanced driver assistance systems market covers passenger vehicle and commercial vehicle.
The segmentation of the advanced driver assistance systems market, on the basis of sensor type, includes camera, radar, LIDAR, and ultrasonic sensor.
Advanced Driver Assistance Systems Market Regional Analysis
The geographic evaluation of the global advanced driver assistance systems market is covered for the following regional segments – Europe, Asia Pacific, North America, and the Rest of the World (RoW). These regional segments are further analyzed in this report to present a country-level analysis. Europe is expected to account for a considerable share of the market in the forthcoming years. This growth is supported by the rising demand for high-end vehicles, coupled with high-income levels of the population. The region has also been observing a rapid shift to advanced and luxurious vehicles. These factors are presumed to lead the growth of the advanced driver assistance systems market over the forecast period. Also, the region is bestowed with the presence of a developed automotive industry. It is anticipated to influence the regional market greatly. North America, on the other hand, has also observed rising adoption of the latest technologies in the automotive industry. It is poised to drive the advanced driver assistance systems market growth in the region.
Advanced Driver Assistance Systems Market Competitive Dashboard
Robert Bosch Automotive Steering GmbH, Denso Corporation, Delphi Automotive LLP, Panasonic Corporation, Continental AG, Valeo, Magna International Inc, Hitachi Ltd., HELLA KGaA Hueck & Co, and ZF Friedrichshafen AG are few of the key players of the advanced driver assistance systems market. A detailed share analysis of the market presents the study of key players operating in the marketplace.
Advanced Driver Assistance Systems Industry News:
In December 2019, Aeva, a Silicon Valley start-up, has attracted investment from the automaker Porsche for the production of cheaper and more powerful tech for self-driving cars.
In December 2019, a supplier of injection molded parts for the automotive industry, U.S. Farathane LLC, has announced the expansion of its facility in Westland. The facility will witness an expansion of 100,000-square-foot worth USD 20 Mn.
List of Tables
TABLE 1 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION) 34
TABLE 2 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY VEHICLE TYPE, 2017–2025 (USD MILLION) 37
TABLE 3 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY SENSOR TYPE, 2017–2025 (USD MILLION) 40
TABLE 4 GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY REGION, 2017–2025 (USD MILLION) 43
TABLE 5 NORTH AMERICA: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 44
TABLE 6 NORTH AMERICA: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION) 45
TABLE 7 NORTH AMERICA: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY VEHICLE TYPE, 2017–2025 (USD MILLION) 47
TABLE 8 NORTH AMERICA: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY SENSOR TYPE, 2017–2025 (USD MILLION) 48
TABLE 9 US: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION) 49
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List of Figures
FIGURE 1 KEY TAKEAWAYS OF THE MARKET 15
FIGURE 2 KEY BUYING CRITERIA OF ADVANCED DRIVER ASSISTANCES 15
FIGURE 3 RESEARCH PROCESS OF MRFR 17
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 19
FIGURE 5 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL ADVANCED DRIVER ASSISTANCE MARKET 21
FIGURE 6 SUPPLY CHAIN: ADVANCED DRIVER ASSISTANCE SYSTEMS 23
FIGURE 7 GRANTED PATENTS ON ADVANCED DRIVER ASSISTANCE SYSTEMS (SEPTEMBER 26TH, 2012 – SEPTEMBER 26TH, 2017) 24
FIGURE 8 GLOBAL VEHICLE PRODUCTION, UNITS (2013-2018) 27
FIGURE 9 GLOBAL: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY TECHNOLOGY, 2018 (% SHARE)
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