Global Advanced Driver Assistance System Market: Overview
Advanced driver assistance system (ADAS) market help drivers in controlling vehicles and avoiding accidents. The system is designed with radars, sensors, and cameras to assist the drivers with real-time information about the surroundings of the vehicle. There are several challenges to implement, design, implement, deployment, and operate ADAS system. The system is expected to gather accurate input, accurately predict context, and process data without any propagation delay, in real time. Increasing spending on research and development for this product is expected to drive the market during the forecast period. The global advanced driver assistance system (ADAS) was valued at US$11.83 bn in 2016 and is anticipated to increase at a CAGR of 15.9% from 2017 to 2025. By the end of 2025, the global market is expected to be worth US$43.27 bn.
Radar Sensors to Dominate Global Market due to Growing Applications
Advanced driver assistance system is segmented on the basis of type, technology and by region. By type, advanced driver assistance system is categorized into adaptive cruise control, adaptive head lamp, automatic/intelligent emergency braking, blind spot detection system, cross traffic alert, drowsiness monitor system, lane departure warning system, night vision, park assist, surround view camera system, time pressure monitoring system and others. With increasing automobile buyer power, car buyers have become more interested in ADAS applications that promote comfort and economy such as parking assist, lane departure warning system amongst others. Owing to this reason, the demand for parking system and lane departure warning system are expected to gain adequate momentum. These make a great addition to the safety of the drivers, passengers, and the other vehicles on the road. Thus, increasing importance of safety amongst car buyers is likely to boost the demand for various technologies in the global advanced driver assistance system market.
Based on technology, advanced driver assistance system (ADAS) market is segmented into ultrasonic sensors, image sensors, radar sensors, laser sensors and infrared sensors. In ADAS, sensors are required to monitor the surrounding vehicles. They offer very powerful solution for adaptive cruise control which can help the driver to maintain safe distance during high traffic and instantly respond to the traffic changes. Especially, high demand for radar sensors is owing to its numerous applications in automobiles such as collision avoidance system, emergency braking system, etc. Also, image Sensors are used in several ADAS types such as night vision, cross traffic detection, fatigue warning, headlight control, traffic sign recognition, etc., which are increasingly being adopted in automobiles.
Asia Pacific to Remain at Forefront as Uptake of Automobiles Rises
Asia Pacific is expected to be the most lucrative market and lead the ADAS market in 2025. Rise in purchasing power of automobiles, stringent safety government regulations, the demand for comfort driving and focus on safety systems has impacted the automobile industry in Asia Pacific to a great extent. Therefore, automobile manufacturers in the region are significantly investing in R&D to bring innovative features in monitoring, warning, steering, and braking tasks for product differentiation from its competitors. Apart from Asia Pacific, North America and Europe are also expected to significantly contribute to the global ADAS market.
Major players that provide advance driver assistance system across global for installing electronic components are AISIN SEIKI Co.,Ltd, Autoliv Inc., Audi AG, BMW AG, Continental AG, Delphi Automotive PLC, Denso Corporation, Ford Motor Company, General Motors Company, Honda Motor Company, Hyundai Motor Company, Mahindra and Mahindra Ltd, Maruti Suzuki India Limited, MOBILEYE, Panasonic Corporation, Robert Bosch GmbH, and TATA ELXSI among others.
Global Advanced Driver Assistance System Market: Snapshot
Advanced driver assistance system market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. Data for 2015 has been included as historical information. The ADAS report covers all the major types and technologies playing significant role in the advanced driver assistance system market’s growth over the forecast period. It also included various drivers, restraints, and opportunities expected which would affect market’s growth during the mentioned period. The study provides an entire perspective on the market’s growth in terms of revenue in US$ Bn, across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and Latin America.
The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the ADAS market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.
Global Advanced Driver Assistance System Market: Segmentation
The report segments the market on the basis of type, technology and geography. By type, advanced driver assistance system is categorized by adaptive cruise control, adaptive head lamp, automatic/intelligent emergency braking, blind spot detection system, cross traffic alert, drowsiness monitor system, lane departure warning system, night vision, park assist, surround view camera system, time pressure monitoring system and others. Based on technology, advanced driver assistance system (ADAS) is divided into ultrasonic sensors, image sensors, radar sensors, laser sensors and infrared sensors. Geographically, the report classifies the global advanced driver assistance system market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, France, China, India, Japan, GCC countries, South Africa and Brazil.
The report also includes key industrial developments in the advanced driver assistance system market. Porter’s Five Forces analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in ADAS market is also included in the report. Value Chain analysis which identifies key stake holders in the ADAS market is also covered in the report. Furthermore, key market indicators that are indirectly driving the advanced driver assistance system market are also included in the report.
Segment trends and regional trends have also been added in ADAS market report. The report also covers segment wise comparison matrix, market attractiveness analysis and market share analysis of key players for all regions covered in the scope of study.
Global Advanced Driver Assistance System Market: Competitive Landscape
AISIN SEIKI Co.,Ltd, Autoliv Inc, Audi AG, BMW AG, Continental AG, Delphi Automotive PLC, Denso Corporation, Ford Motor Company, General Motors Company, Honda Motor Company, Hyundai Motor Company, Mahindra and Mahindra Ltd, Maruti Suzuki India Limited, MOBILEYE, Panasonic Corporation, Robert Bosch GmbH, TATA ELXSI are some of the major players operating within the advanced driver assistance market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Advanced driver assistance system Market, by Type
- Adaptive Cruise Control
- Adaptive Head Lamp
- Automatic/Intelligent Emergency braking
- Blind Spot Detection System
- Cross Traffic Alert
- Drowsiness Monitor System
- Lane Departure Warning System
- Night Vision
- Park Assist
- Surround View Camera System
- Tire Pressure Monitoring System
Advanced driver assistance system Market, by Technology
- Ultrasonic Sensors
- Image Sensors
- Radar Sensors
- Laser Sensors
- Infrared Sensors
Advanced driver assistance system Market, by Geography
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America