According
to BlueWeave Consulting, The Advanced Driver Assistance Systems (ADAS)
Market presents
promising growth prospects and expected to have an upward trend over the
forecast period 2019-2025. The increasing demand for a safe, efficient, and
convenient driving experience and rising demand for luxury vehicles across the
globe are the key factors driving the growth of the ADAS market.
The OEMs and government regulatory
authorities are taking necessary steps to improve transportation by addressing
major challenges like road accidents, traffic congestion, and the cost of
transportation. The high scale of growth of the automotive industry is
consequently persuading the use of several sensors technologies to make driving
comfortable, luxurious, and safe.
The governments of various
countries have also made mandates for features like Lane Departure Warning
(LDW) and Automatic Emergency Braking (AEB). Numerous safety features have been
developed to assist the driver and lower the number of accidents. Most of the
electric vehicle makers are integrating ADAS systems in their electric cars to
make it safe. For instance, the European Union (EU) has mandated the automotive
makers to apt ADAS systems such as LDWS and AEBS in all heavy commercial
vehicles deliberating over 7,000 Kilograms.
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Adaptive
Cruise Control system holds the largest market share of the Advanced Driver
Assistance Systems (ADAS) market during the forecast period
Adaptive
Cruise Control (ACC) is the leading system of the entire ADAS market during the
forecast period 2019-2025. ACC provides much better driver safety and aids to
avoid fatal road accidents. ACC is a critical part of the self-driving cars of
the near future. Tire pressure monitoring system is anticipated to have
significant penetration in the overall market owing to their low prices and
easy aftermarket availability. Forward collision warning is expected to
grow with a significant growth rate due to its requirement to assist the driver
in mitigating the collisions. Its application with AEB units boosts the
probability of avoiding the vehicle collisions. Moreover, a significant drop in
the electronic component prices has encouraged ADAS technology adoption.
North America accounts for the
largest market size in the Advanced Driver Assistance Systems (ADAS) market
during the forecast period
Geographically,
North America dominates the overall Advanced Driver Assistance Systems (ADAS)
market and projected to lead the market over the forecast period 2019-2025,
followed by Europe. The U.S is the leading country in the North America region
owing to extensive research and development facilities that have made
significant investments in smart automotive production methods and process
automation. Asia Pacific is projected to exhibit the fastest growth owing to
rising disposable income levels, increased vehicle production in developing
countries like India and China, an increase in the number of luxury vehicles in
countries drive the growth of the ADAS Market.
Global Advanced Driver Assistance
Systems (ADAS) Market: Competitive Landscape
Companies
such as Robert Bosch, ZF Friedrichshafen, Denso, Aptiv, Intel, NVIDIA,
Continental, Valeo, Hella, Magna, Samsung, Aisin Seiki Co. Ltd., Delphi
Technologies, Harman International, NXP Semiconductor, Panasonic Corporation,
and Hyundai Mobis are the leading players of Advanced Driver Assistance Systems
(ADAS) market across the globe.
The
in-depth analysis of the report provides the growth potential, upcoming trends
and statistics of global advanced driver assistance systems market size &
forecast. The report promises to provide state-of-the-art technology of
advanced driver assistance systems and industry insights which help decision
makers to take sound strategic decisions. Furthermore, the report also analyzes
the market drivers and challenges and competitive analysis of the market.
Access Detailed Research methodology of this Research Report@
1. Research
Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research
Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By
Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By
Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive
Summary
4. Industry
Insights
4.1. Industry Value Chain Analysis
4.1.1. Vendor Matrix
4.2. Pricing Analysis
4.3. Industry Impact and Forces
4.3.1. Growth Drivers
4.3.2. Challenges
4.4. Technological Landscape
4.5. Regulatory Framework
4.6. Company market share analysis,2018
4.7. Growth Potential analysis,2018
4.8. Porter’s Five forces analysis
4.8.1. Bargaining Power of Suppliers
4.8.2. Bargaining Power of Buyers
4.8.3. Threat of New Entrants
4.8.4. Threat of Substitutes
4.8.5. Intensity of Rivalry
4.9. PESTEL Analysis
4.10. Strategic Outlook
5. Global
Advanced Driver Assistance Systems (ADAS) Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (Million)
5.1.2. By Volume (Units)
5.2. Market Share & Forecast
5.2.1. By System
5.2.2. By Sensor
5.2.3. By Vehicle
5.2.4. By Region
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