Automotive Advanced Driver Assistance Systems (ADAS) Market Report
This report, from Stratview Research, studies the advanced driver assistance systems market in the global automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
The Global Automotive Advanced Driver Assistance Systems (ADAS) Market: Highlights
The automotive advanced driver assistance systems market is projected to experience an excellent double digit CAGR of 10.2% over the next five years to reach US$ 28.2 billion in 2022, driven by rising consumers’ preferences for safety features, advancement in technology, introduction of more stringent norms, and organic growth in the global automobile production. Additionally, increasing demand for premium and luxury cars is also propelling the growth of advanced driver assistance systems in the automotive industry. Some companies have started to deploy these systems from in mid-range cars as well to fulfill consumers’ safety preferences.
The global automotive ADAS market is segmented based on the following vehicle types: Passenger Cars, Light Commercial Vehicles, and Medium & Heavy Duty Commercial Vehicles. Passenger car is expected to remain the largest vehicle type in the automotive ADAS market over the next five years, driven by increasing penetration of ADAS in the segment. The vehicle type is experiencing an expansion in usage of ADAS from luxury cars to mid-range cars. The vehicle type is also projected to witness the fastest growth during the forecast period, owing to rising demand for ADAS across regions.
Radar is expected to remain the most dominant sensor type in the automotive ADAS market during the forecast period. Radar sensors are used in a wide array of systems, such as adaptive cruise control systems and emergency brake assists. It is also anticipated to be the fastest growing sensor type in the same period. Ultrasonic and image sensors are also projected to experience a healthy growth rate in the same period.
The global automotive advanced driver assistance systems market is segmented based on the following technology types: Adaptive Cruise Control, Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others ADAS. All these technologies are expected to grow at a healthy pace during the forecast period. Tire monitoring system will continue to occupy a large market share in the North America and Europe region because of mandated regulation by the US and European (countries’) governments. Adaptive cruise control system is expected to remain dominant in the North America region. Asia- Pacific is estimated to be the fastest growing region for blind spot detection, emergency brake assist, head-up display, and park assist systems, mainly because of high congestion in traffic and rising purchasing power in developing countries.
In terms of region, North America is estimated to remain the leading global automotive ADAS market during the forecast period. Increasing demand for high safety features, mandate of some of the key ADAS system installations in the vehicles such as tire pressure monitoring system, and organic growth in automotive production are the major growth drivers of the region over the next five years. Asia-Pacific is expected to grow at a higher rate during the forecast period because of increased automobile production, especially in China and India and increasing penetration of ADAS in the major Asia-Pacific markets, such as China, Japan, and India. Middle East and Latin America are also estimated to experience a healthy growth in the same period.
Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna International Inc., Valeo, and ZF TRW Automotive are some of the major players in the global automotive ADAS market. Other players include Audi AG, BMW AG, Ford Motors Co., and General Motors. Long-term contracts and advancement in technologies are the key strategies adopted by major OEM players to gain competitive edge in the market throughout the globe.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct usually more than10 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The automotive advanced driver assistance systems market is segmented into the following categories.
Global Automotive Advanced Driver Assistance Systems Market by Vehicle Type:
Global Automotive Advanced Driver Assistance System Market by Technology Type:
Global Automotive Advanced Driver Assistance System Market by Sensor Type:
Global Automotive Advanced Driver Assistance System Market by Region:
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]