The global advanced driver assistance systems market size is estimated to register a substantial CAGR during the projected period, between 2021 and 2028. Advanced driver assistance systems (ADAS) refers to a wide range of passive and active systems designed to assist the vehicle driver by providing comfort, smooth, and efficiency in driving.
The system helps to improve the safety and security of the passengers as well as driver of vehicles, which in a way, ensuring the safety of pedestrians. Sensors, radars, cameras, and a variety of software are all essential components of ADAS and they work together to ensure that the system operates precisely. Integration of Artificial Intelligence (AI) has catapulted the automotive industry to new heights.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness of vehicle safety approaches and lower component costs have resulted the widespread use of radars and cameras in vehicles. This is a major driver of the market.
- Growing urbanization, initiatives for the advancement of innovative sensing technology in the automotive industry, and rising living standards of people are propelling the market forward.
- Rising demand for comfort and safety system for driving and strict safety rules and regulations of government authorities are expected to boost the growth in the coming years.
- High initial costs, lower efficiency in bad weather conditions, and complex structures of the system along with the lack of necessary infrastructure in developing countries are key challenges, which are likely to hamper the market growth during the forecast period.
- Technological advancements in ADAS and multifunctional system production for safety vehicles operation are expected to provide significant growth opportunities for the market.
Scope of Advanced Driver Assistance Systems Market Report
The report on the global advanced driver assistance systems market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Advanced Driver Assistance Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2020
|
|
Historic Data
|
2018 & 2019
|
|
Forecast Period
|
2021–2028
|
|
Segmentation
|
System Types (Adaptive Cruise Control, Traffic Jam Assist, Adaptive Front Light, Tire Pressure Monitoring System, Automatic Emergency Braking, Road Sign Recognition, Blind Spot Detection, Pedestrian Detection System, Cross-traffic Alert, Night Vision System, Driver Monitoring System, Lane Departure Warning, Forward Collision Warning, Intelligent Park Assist, and Others), Sensor Types (Camera Unit, Image Sensor, Infrared Sensor, LiDAR Sensor, Radar Sensor, Ultrasonic Sensor, and Laser), Vehicle Types (Light Commercial Vehicles, Passenger Cars, and Heavy Commercial Vehicles)
|
|
Regional Scope
|
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
|
|
Report Coverage
|
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
|
|
Key Players Covered
|
Aptiv PLC; Continental AG; AVL GmbH; Robert Bosch GmbH; Gentex Corporation; Renesas Electronics Corporation; Hyundai Mobis; Harman International; Mobileye N.V; NXP Semiconductor; ZF Friedrichshafen; Autoliv Inc.; Magna International Inc.; DENSO Corporation; Aisin Seiki Co. Ltd; and Valeo SA
|
Advanced Driver Assistance Systems Market Segment Insights
Based on system types, the global advanced driver assistance systems market is fragmented into adaptive cruise control, traffic jam assist, adaptive front light, tire pressure monitoring system, automatic emergency braking, road sign recognition, blind spot detection, pedestrian detection system, cross-traffic alert, night vision system, driver monitoring system, lane departure warning, forward collision warning, intelligent park assist, and others. The intelligent park assist segment is projected to hold significant market share in the coming years due to its low cost, application in a wide range of vehicles, and simple installation process. The park assist system detects objects in the vehicle's surroundings and assists the driver in easy car parking.
On the basis of sensor types, the market is segmented into camera unit, image sensor, infrared sensor, LiDAR sensor, radar sensor, ultrasonic sensor, and laser. The radar sensor segment is anticipated to account for a substantial share during the targeted period as these sensors can provide low-cost frequency with a modulated or continuous wave, expanding market opportunities. Radar sensors in ADAS are used for collision warning, object detection, and blind spot monitoring, which aid in the prevention of accidents by counter-steering and braking. Growing safety awareness and increasing number of accidents are the primary drivers of the segment, which has resulted in increasing demand for radar sensors. Major OEMs and Tier 1 auto component manufacturers are transitioning to long-range 77 GHz radars for improved reliability and regulatory compliance.
In terms of vehicle types, the global advanced driver assistance systems market is segregated into light commercial vehicles, passenger cars, and heavy commercial vehicles. The passenger car segment is anticipated to expand at a robust pace during the forecast period due to rising demand for safety systems in developing markets, impacted by supportive legislation, improved road safety standards, and consumer awareness. Moreover, the increasing industrialization, urbanization, rise in disposable incomes, and high demographic growth worldwide have resulted in rising vehicle production and sales around the world. Furthermore, the surge in demand for passenger cars with enhanced comfort, safety features, and driving efficiency is boosting the segment forward.
In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years due to high automotive production and sales in the region along with a significant increase in the adoption of electric vehicles in countries such as Japan and China. Automotive OEMs intend to accelerate technological advancements in manufacturing facilities and increase production volume in emerging markets such as India and China, among others.
Segments
System Types
- Adaptive Cruise Control
- Traffic Jam Assist
- Adaptive Front Light
- Tire Pressure Monitoring System
- Automatic Emergency Braking
- Road Sign Recognition
- Blind Spot Detection
- Pedestrian Detection System
- Cross-traffic Alert
- Night Vision System
- Driver Monitoring System
- Lane Departure Warning
- Forward Collision Warning
- Intelligent Park Assist
- Others
Sensor Types
- Camera Unit
- Image Sensor
- Infrared Sensor
- LiDAR Sensor
- Radar Sensor
- Ultrasonic Sensor
- Laser
Vehicle Types
- Light Commercial Vehicles
- Passenger Cars
- Heavy Commercial Vehicles
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Aptiv PLC
- Continental AG
- AVL GmbH
- Robert Bosch GmbH
- Gentex Corporation
- Renesas Electronics Corporation
- Hyundai Mobis
- Harman International
- Mobileye N.V
- NXP Semiconductor
- ZF Friedrichshafen
- Autoliv Inc.
- Magna International Inc.
- DENSO Corporation
- Aisin Seiki Co. Ltd
- Valeo SA
Competitive Landscape
Key players in the global advanced driver assistance systems market are Aptiv PLC; Continental AG; AVL GmbH; Robert Bosch GmbH; Gentex Corporation; Renesas Electronics Corporation; Hyundai Mobis; Harman International; Mobileye N.V; NXP Semiconductor; ZF Friedrichshafen; Autoliv Inc.; Magna International Inc.; DENSO Corporation; Aisin Seiki Co. Ltd; and Valeo SA. These players are constantly engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
Request For Customization
Enquiry Before Buying
Speak With Analyst
