Advanced Driver Assistance System Market: Introduction

  • Advance driver assistance system (ADAS) is an advanced sophisticated safety system that assists the driver of the vehicle during driving and enhances driving comfort, efficiency, performance, and safety, while reducing the number of road fatalities

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Key Drivers and Restraints of Global Advanced Driver Assistance System Market

Advanced driver assistance systems (ADAS) are designed and developed to curtail the number of road fatalities and improve safety of both vehicle and driver, which is projected to be a key factor that is likely to drive the advanced driver assistance system market

  • The advanced driver assistance system constitutes numerous advanced safety technologies, which have proven their worth in the vehicle through their assistance to the vehicle’s driver. Moreover, studies conducted on ADAS performance have fueled its adoption.
  • Globally, governments and automotive regulatory bodies in developed countries, such as the U.S., Germany, the U.K., Japan, and France, are legalizing and implementing policy framework to mandate the integration of the advanced driver assistance system in vehicles
  • Consumer preference is rapidly shifting toward enhanced safety in mobility, especially for long route journeys that cause strain on the driver and results in road accidents. The automotive advanced driver assistance system prevents distraction and reduces the strain on the driver by assisting the driver through its dynamic and sophisticated features.
  • Advanced driver assistance systems are expected to reduce traffic congestion by detecting road blocks and conceiving detours accordingly. Furthermore, advanced driver assistance systems in automotive monitor the vehicle operation and driver’s misjudgment while driving.
  • In 2019, the European Union announced its new revised General Safety Regulation, which includes new ADAS safety technologies, to reduce the number of road accidents caused majorly due to human error. These new advanced safety features are expected to curb not only road fatalities but are also likely to pave the path toward progressively connected and automated mobility.
  • Consumers across the globe are focusing more on safe and comfortable driving, which has been possible due to the advent of ADAS in automotive

Global Advanced Driver Assistance System Market: Segmentation

  • The global advanced driver assistance system market has been segmented based on technology, component, vehicle type, and region
  • Based on technology, the adaptive front light segment leads the global advanced driver assistance system market. This is primarily due to its ability to aid the driver by automatically switching on low and high beams according to varying vehicle speed, which offers improved visibility even in the dark. This ADAS technology enables the automotive headlights to rotate and swivel in order to enhance illumination of the road through corners and further improve visibility in low light conditions. Moreover, adaptive front light changes the lighting pattern in order to compensate for the road curvature, thereby enhancing night visibility

In terms of component, the ultrasonic sensor segment accounted for a noteworthy share of the global advanced driver assistance system market in 2018. Ultrasonic sensors are cost-effective components of ADAS, as compared to other components. Ultrasonic sensors are obstacle detecting components that utilize ultrasonic waves to measure the distance between vehicles and detect objects and pedestrians in the vehicle’s surroundings. Ultrasonic sensors transmit waves and measure the time taken by the waves to return and analyze the distance between the vehicles and objects, thereby aiding in maneuvering the vehicle

Global ADAS Market: Regional Segmentation

  • Based on region, the global advanced driver assistance system market can be segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • In terms of region, Asia Pacific is projected to account for a prominent share of the global advanced driver assistance system market by 2027. Higher production of vehicles in conjunction with a surge in exports of automotive is a key factor that is anticipated to propel the demand for advance safety features in the region. Moreover, presence of key automakers and OEMs in China, Japan, India, and South Korea supplemented with availability of components, land, and inexpensive labor is driving the ADAS market in Asia Pacific.

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Key Developments

  • In May 2018, Magna International Inc., in collaboration with Renesas Electronics Corporation, announced a surge in mass adoption of automotive advanced driving assistance system features with a new cost-efficient 3D surround view system designed for entry- and mid-range vehicles. By enabling 3D surround view safety capabilities, the new system helps automakers to deliver safer and more advanced vehicles to a larger number of vehicle consumers, thereby contributing to a safer vehicle society. The company’s new 3D surround view system is a vehicle camera system that offers a 360-degree panoramic view to assist drivers when parking or performing low speed operations.

Key Players Operating in Global ADAS Market:

  • Continental AG
  • Magna International Inc.
  • Infineon Technology AG
  • NXP Semiconductors
  • Siemens AG
  • DENSO Corporation
  • HARMAN International
  • AISIN SEIKI Co., Ltd.

Global Advanced Driver Assistance System Market: Research Scope

Global Advanced Driver Assistance System Market, by Technology

  • Adaptive Cruise Control
  • Lane Keep Assist & Lane Departure Warning
  • Tire Pressure Monitoring System
  • Blind Spot Detection
  • Adaptive Front Light System
  • Night Vision System
  • Park Assist System
  • Automatic Emergency Braking
  • Forward Collision System
  • Pedestrian Detection System
  • Road Sign Recognition
  • Traffic Jam Assist
  • Driver Monitoring Systems/ Drowsiness Monitoring System

Global Advanced Driver Assistance System Market, by Component

  • LiDAR
  • RADAR
  • Camera
  • Ultrasonic Sensor

Global Advanced Driver Assistance System Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Advanced Driver Assistance System Market, by Region

  • North America
  • Europe
  • Asia
  • Middle East & Africa
  • Latin America

Advanced Driver Assistance System (ADAS) Market - Key Insights

  • The global advanced driver assistance system market is anticipated to expand at a CAGR of ~13% between 2019 and 2027.
  • The adaptive front lights segment is expected to hold a prominent share of the market during the forecast period. The adaptive front lights segment is projected to hold ~26% share of the ADAS market by 2027.
  • The passenger vehicles segment is anticipated to augment at a considerable growth rate in the near future.
  • Advanced driver assistance systems are anticipated to be incorporated in a majority of vehicles in the near future, owing to stringent safety norms and policies enacted by respective regulatory bodies across the globe in order to curtail road fatalities and offer ease of driving. 

Drivers of ADAS Market

Advanced driver assistance systems in automotive are designed and developed to curtail the number of road fatalities and improve the safety of both, the vehicle and driver, which is projected to be a key factor that is likely to drive the ADAS market.

  • An ADAS constitutes numerous advanced safety technologies, which have proven its worth in vehicles through its assistance to vehicle drivers. Moreover, studies conducted on ADAS performance have fueled its adoption.
  • Globally, governments and automotive regulatory bodies in developed countries such as the U.S., Germany, the U.K., Japan, and France are legalizing and implementing policy framework to mandate the integration of advanced driver assistance systems in vehicles.
  • Consumer preference is rapidly shifting toward enhanced safety in mobility, especially for long-route journeys that cause strain on the driver and result in road accidents. Automotive advanced driver assistance systems prevent distraction and reduce the strain on the driver by assisting the driver while driving, through their dynamic and sophisticated features.
  • Advanced driver assistance systems are expected to lessen traffic congestion by detecting road blocks and conceiving detours accordingly. Furthermore, advanced driver assistance systems in automotive monitor the vehicle’s operation and driver’s misjudgment while driving.
  • In 2019, the European Union announced its new revised General Safety Regulation, which includes new ADAS safety technologies to reduce the number of road accidents caused majorly due to human error. These new advanced safety features are expected to curb, not only road fatalities, but are also likely to pave the path toward progressively connected and automated mobility.
  • Consumers across the globe are focusing more on safe and comfortable driving, which has been possible due to the advent of ADAS in automotive. 

Challenges for ADAS Market

  • Testing and commercialization of advanced driver assistance systems in automotive are still not legalized in several countries around the world. Moreover, ambiguous laws and regulations associated with their application in personal and commercial vehicles are anticipated to restrain the advanced driver assistance system market.
  • Higher cost of sophisticated components coupled with higher maintenance cost in conjunction with hacking possibilities are projected to hamper the rate of adoption of advanced driver assistance systems in the near future. 

ADAS Market: Segment Analysis 

  • The global advanced driver assistance system market has been segmented based on technology, component, vehicle, and region.
  • Based on technology, the adaptive front lights segment leads the global advanced driver assistance system market. This is primarily due to their ability to aid the driver of a vehicle by automatically switching on low and high beams with varying vehicle speed, which offers improved visibility even in the dark. This ADAS technology enables automotive headlights to rotate and swivel in order to enhance illumination of the road through corners and further improve visibility in low light conditions. Moreover, adaptive front lights change the lighting pattern in order to compensate for road curvature, thereby enhancing night visibility.
  • In terms of component, the ultrasonic sensors segment accounted for a noteworthy share of the global advanced driver assistance system market in 2018. Ultrasonic sensors are cost-effective components of ADAS as compared to other components. Ultrasonic sensors are obstacle-detecting components that utilize ultrasonic waves to measure the distance between vehicles and detect objects and pedestrians in the vehicle’s surroundings. Ultrasonic sensors transmit waves and measure the time taken by the waves to return and analyze the distance between vehicles and objects, thereby aiding in maneuvering the vehicle.
  • Based on vehicle, the global ADAS market has been split into passenger vehicles and commercial vehicles. The passenger vehicles segment dominates the global advanced driver assistance system market, primarily due to a surge in the adoption of safety features in personal vehicles. Moreover, various governments across the globe are enacting stringent regulations in order to reduce the number of road accidents and ensure public safety. 

Global ADAS Market: Regional Analysis 

  • In terms of region, Asia Pacific is projected to account for a prominent share of the global ADAS market by 2027. Higher production of vehicles in conjunction with surge in the exports of automotive are key factors anticipated to propel the demand for advanced safety features in the region.
  • Moreover, the presence of key automakers and OEMs in China, Japan, India, and South Korea, supplemented with the availability of components, land, and inexpensive labor, are driving the ADAS market in Asia Pacific. 

Global ADAS Market: Competitive Landscape

Key players operating in the global advanced driver assistance system market include -

  • Continental AG
  • Magna International Inc.
  • Infineon Technology AG
  • NXP Semiconductors
  • Siemens AG
  • DENSO CORPORATION
  • Delphi
  • Autoliv Inc.
  • Robert Bosch GmbH
  • Qualcomm Technologies, Inc.
  • Ficosa Internacional SA
  • Gentex Corporation
  • HARMAN International
  • AISIN SEIKI Co., Ltd.
  • Valeo
  • HYUNDAI MOBIS
  • ZF Friedrichshafen AG
  • HELLA KGaA Hueck & Co.
  • Texas Instruments Inc.
  • Mobileye
  • Visteon Corporation

Advanced Driver Assistance System Market – Scope of the Report

Transparency Market Research’s recent report on the advanced driver assistance system market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the advanced driver assistance system market analyzes the scenario for the period of 2019 to 2027, wherein 2018 is the base year and 2017 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the advanced driver assistance system market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the advanced driver assistance system market gives readers an individual understanding of the market.

This study also discusses the underlying trends and the impact of various factors that are driving the advanced driver assistance system market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the advanced driver assistance system market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Key Questions Answered in this report on the Advanced Driver Assistance System market

  • How much revenue will the advanced driver assistance system market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2027?
  • What are the impact factors and there effects on the market for advanced driver assistance system
  • What regions currently contribute the maximum share to the overall advanced driver assistance system market?
  • What are the indicators expected to drive the advanced driver assistance system market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the advanced driver assistance system market to expand their geographic presence?
  • What are the major advancements witnessed in the advanced driver assistance system market?
  • How regulatory norms affected the market for advanced driver assistance system market?

This report answers these questions and more about the advanced driver assistance system market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Advanced Driver Assistance System Market: Research Methodology

This TMR report on the advanced driver assistance system market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources.  Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the advanced driver assistance system market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the advanced driver assistance system market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the advanced driver assistance system market, with both a bottom-up and top-down approach

This detailed assessment of the advanced driver assistance system market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the advanced driver assistance system market is estimated to expand are based on carefully vetted primary and secondary sources. 

Advanced Driver Assistance System Market: Segmentation

This report on the advanced driver assistance system market provides information on the technology, component, vehicle type and region

Technology

Adaptive Cruise Control

Lane Keep Assist & Lane Departure Warning

Tire Pressure Monitoring System

Blind Spot Detection

Adaptive Front Light System

Night Vision System

Park Assist System

Automatic Emergency Braking

Forward Collision System

Pedestrian Detection System

Road Sign Recognition

Traffic Jam Assist

Driver Monitoring Systems/ Drowsiness Monitoring System

Component

LiDAR

RADAR

Camera

Ultrasonic Sensor

Vehicle Type

Passenger Vehicle

Commercial Vehicle

Region

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

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