Advance Driver Assistance Systems Market Analysis and Industry Forecast, 2017-2025

Advance Driver Assistance Systems Market Overview:

Advance Driver Assistance Systems Market (ADAS Market) is a set of systems used in vehicles to provide an intelligent and comfortable driving experience. The global advanced driver assistance systems market includes all the sensors utilized in applications such as adaptive cruise control, lane departure warning system, park assist, blind spot detection system, adaptive front lighting system, and others. The research provides details about the manufacturing technologies used for advance driver assistance systems market, applications, and the companies operating worldwide along with their key strategies. Components, such as processor, power, memory, linear, ASIC, and others, have been excluded from the scope of this report.

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Increased focus on consumer safety, impending need for comfort, and rise in government regulations that ensure safety boost the market growth. However, factors such as pricing pressure, inflation, and complexity & difficulty in testing systems hamper growth of this industry. Increased electronic content and electronic integration, and deployment of ADAS in low-cost cars are major trends reported in this market.

The major companies profiled in the report include Magna International Inc., Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, NXP Semiconductor, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments.

Segment overview

The advance driver assistance systems market is segmented based on component type and region. The component types covered include system type and sensor type. The system type segment is sub-divided into tire pressure monitoring system, drowsiness monitor system, intelligent parking assist system, adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front-lighting system, and others (night vision system and driver monitoring system), while sensor type includes image sensor, LiDAR sensor, ultrasonic sensor, infrared sensor, RADAR, and LASER. The regions analyzed in this report are North America, Europe, Asia-Pacific, and LAMEA.

Top Impacting Factors

Surge in Safety Concerns among People

The demand for advanced driver assistance systems in vehicles has increased at a significant pace over the recent years, and is expected to maintain this trend during the forecast period. This is attributed to growth in safety concerns, as the number of road accidents is a constant rise, especially in developing countries. The adoption of advanced driver assistance systems applications, such as adaptive cruise control, blind spot detection system, lane departure warning system, and night vision are leading to reduction in number of accidents. It has been projected that the number of road accidents would increase in developing countries, thereby leading to market growth in terms of revenue.

Stringent Safety Rules and Regulations

Government initiatives play a vital role in fueling the demand for advanced driver assistance systems applications. Various governments have implemented stringent laws to reduce the number of accidents. According to the New Car Assessment Programs (NCAPs) policy, vehicles need to have safety ratings to encourage significant safety improvements in new car designs. Increased focus of the government on road safety is expected to fuel the advanced driver assistance systems market in the future.

Technological Advancements in Multifunctional System

The multifunctional feature of sensors such as RADAR, LiDAR, ultrasonic, and more is expected to drive the advanced driver assistance systems market. The applications of advanced driver assistance systems are expected to increase considerably by 2020, owing to the rapid growth of the manufacturing sector.

Complexity and High Manufacturing Cost

The complexity in testing systems and heavy cost of installing advanced driver assistance systems hamper the market growth. Advancements in technology in the near future are expected to reduce the complexity and cost incurred. The use of ultrasonic sensors is expected to reduce the cost of new technologies, which in turn is expected to propel the market.

Key Benefits

  • This study comprises analytical depiction of the global advanced driver assistance systems market with current trends and future estimations to depict the imminent investment pockets.
  • The overall advance driver assistance systems market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the market.
  • Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.

Advance Driver Assistance Systems Market Key Segments:

By Component Type

  • System Type
    • Tire Pressure Monitoring System
    • Drowsiness Monitor System
    • Intelligent Parking Assist System
    • Adaptive Cruise Control System
    • Blind Spot Object Detection System
    • Lane Departure Warning System
    • Adaptive Front-lighting System
    • Others (Night Vision System and Driver Monitoring System)
  • Sensor Type
    • Image Sensor
    • LiDAR Sensor
    • Ultrasonic Sensor
    • Infrared Sensor
    • RADAR
    • LASER

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled

  • Magna International Inc.
  • Autoliv Inc.
  • Continental AG
  • Robert Bosch GmbH
  • Valeo
  • Denso Corporation
  • NXP Semiconductor
  • Panasonic Corporation
  • Renesas Electronics Corporation
  • Texas Instruments

About Us:

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