The escalating demand for safety features in vehicles, technological advancements, and implementation of strict safety regulations will serve as growth boosters for the advanced driver assistance system (ADAS) sensor market during the assessment period of 2018-2026. Furthermore, the consistent improvements in sensor technologies have brought good growth prospects for the advanced driver assistance system (ADAS) sensor market.

  • The rate of road accidents and mishaps has increase manifold over the years. These accidents lead to loss of lives and bring grief to the near and dear ones of the victims. Hence, to avoid such untoward accidents, the adoption of advanced driver assistance system (ADAS) sensors is crucial.
  • The heightening awareness about the importance of these sensors among a considerable chunk of the global populace will have a positive impact on the growth of the advanced driver assistance system (ADAS) sensor market.
  • The government bodies of numerous countries are focusing on strengthening road safety measures. Some countries are also thinking of making a rule for the compulsory adoption of advanced driver assistance system (ADAS) sensors in every vehicle so that the risk of accidents is lowered. Such initiatives bring tremendous growth opportunities that further help in increasing the growth rate of the advanced driver assistance system (ADAS) sensor market.

Advanced Driver Assistance System (ADAS) Sensor are the backbone of the ADAS architecture. Advanced driver assistance systems are the systems that are employed in vehicles to monitor, warn, and control the vehicles with partial and compete override of the driver. It assist the driver while driving and other activities such as parking where the driver is not entirely able to concentrate on driving and needs assistance in controlling the vehicle. ADAS sensors plays a very important hole in decision making of ADAS to control the vehicles and needs to be of great precision and accuracy, thus many of the sensor manufacturers are focused on developing high precision and high accuracy sensors.

Market Dynamics: Global Advanced Driver Assistance System (ADAS) Sensor Market

The Advanced Driver Assistance System (ADAS) Sensor market is expected to be driven by the increasing awareness among the drivers in safety applications and regulations by the governments of developed countries in Europe and North America. Advanced driver assistance systems are currently in the state of development, particularly in low end consume vehicles as well as commercial vehicles. Though the penetration of ADAS is comparatively high in luxury vehicles, many of the vehicle manufacturers are focusing on developing and upgrading the existing systems by coping up with the associated problems to expand market reach, which is anticipated to be the major factor towards the escalated growth of ADAS sensor market during the forecast period. Furthermore, along with the increasing research and development spending on ADAS sensors and accelerated growth of automotive manufacturing in developing economies is fueling intense competition in the global market, and is anticipated to further intensify during the forecast period.

Market Segmentation: Global Advanced Driver Assistance System (ADAS) Sensor Market

The global advanced driver assistance system (ADAS) sensor market has been segmented based on type, application, vehicle type, and region. Based on type, the Advanced driver assistance system (ADAS) sensor market can be classified into temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor, and others. Based on application, the market can be segmented into adaptive cruise control (ACC), adaptive head lamp (AHL), automatic/intelligent emergency braking (AEB), blind spot detection system (BSD), cross traffic alert (CTA), drowsiness monitor system (DMS), lane departure warning system (LDS), night vision, park assist (PA), surround view camera system (SVC), time pressure monitoring system and others. Based on vehicle type, the advanced driver assistance system (ADAS) sensor market can be segmented into, passenger cars, and commercial vehicles. The commercial vehicle segment of the advanced driver assistance system (ADAS) sensor market is further classified into light commercial vehicles, and heavy commercial vehicles. In terms of geography, the global advanced driver assistance system (ADAS) sensor market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Preliminary Analysis

North America and Europe is anticipated to contribute a largest share to the global advanced driver assistance system (ADAS) sensor market due to the presence of leading advanced driver assistance system (ADAS) sensor manufacturers in this region. Moreover, rising awareness about driving safety and, initiatives and regulations defined by road safety authorities are anticipated to be the fueling factors for market growth in these regions during the forecast period. The market in Asia Pacific is anticipated to expand at a prominent growth rate owing to the exponential expansion of automotive industry in major economies such as China, India, Japan, and Australia in the region. Moreover, increasing penetration of advanced driver assistant system (ADAS) in budget passenger cars is anticipated to drive the market in this region. Among the application segment, adaptive cruise control (ACC) is anticipated to be the major contributor towards the global market followed by surround view camera system (SVC) as majority of the car manufacturers across the globe are focusing on integrating these technologies in the low price passenger cars.

Prominent Market Players

Key players operating in the global Advanced Driver Assistance System (ADAS) Sensor market include Aisin Seiki Co., Autoliv AB, Robert Bosch GmbH, Continental AG, Delphi Automotive, Denso Corporation, Gentex Corporation, Harman International, Hella KGaA Hueck & Co., Hyundai Mobis, Magna International, NXP Semiconductors, Panasonic Corporation, Takata Corporation, Tech Mahindra, Texas Instruments Inc., Valeo S.A Corporation, and ZF Group among others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product development. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global Advanced Driver Assistance System (ADAS) Sensor market over the period of study.

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Advanced Driver Assistance System (ADAS) Sensor Market