18th July 2019 – Latest Research Report on Advanced Driver Assistance Systems (ADAS)
Market starts with a deep introduction and then delves broad into specific
segments such as raw material, application, end user, and region, policy study,
value chain structure, and upcoming trends in segments or regions. The report
on Advanced Driver Assistance Systems (ADAS) prepare a case for investments in
different regions based on a practical view of their regulatory outline,
manufacturing dynamics, and availability of skills and resources in that
region.
Advanced
Driver Assistance Systems (ADAS) Market is expected to reach USD 67.43
billion by 2025. Advance Driver Assistance Systems (ADAS) implies a set of
systems used in vehicles to offer a comfortable and an intelligent driving
involvement. Rise in demand for progressive system as night vision, road sign
recognition, drowsiness system is projected to influence the overall
manufacturing in the forecast period. The Advanced Driver Assistance Systems
market size is expected to grow at a 19.0% CAGR in the upcoming period as the scope,
product types, and its applications are increasing across the globe.
The demand for old-style ADAS system as
autonomous emergency braking, adaptive cruise control system is projected to
develop exponentially due to stringent rules to improve road safety and
decrease in road accidents. In addition, the factors propelling the market
include impending need for comfort, growing focus on consumer safety, and
increase in governments’ rules that ensure the security of the ADAS market
development. On the other hand, the lack of consciousness among medium and
low-end customers, high cost of installation concerning the functionality and
importance of these organizations in improving driver safety could restrain the
Advanced Driver Assistance Systems (ADAS) development of late.
Advanced Driver Assistance Systems
(ADAS) Market size may be explored by solution type, component type, interior
design, and geography. Advanced Driver Assistance Systems (ADAS) may be
explored by solution type as Autonomous Emergency Braking, Park assistance,
Adaptive Front Lights, Blind Spot Detection System, Adaptive Cruise Control,
Tire Pressure Monitoring System, Lane Departure Warning System, Others.
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The Tire Pressure Monitoring System
segment is estimated to rule the Advanced Driver Assistance Systems market in
2018; due to its low cost, which permits aftermarket acceptance by medium and
small car owners. Furthermore, Tire Pressure Monitoring system is followed by
adaptive cruise control and anticipated to grow at a highest CAGR of 19.0% over
the forthcoming period, due to stringent government rules for required fixture
in cars manufactured in Europe and U.S.
Advanced Driver Assistance Systems (ADAS)
may be explored by component type as Sensors, (Radar, Ultrasonic, LiDAR,
Others), Processor, Software, Others. ADAS relies on sensors and their
accuracy. Numerous sensors as LIDAR, RADAR, ultrasonic, and camera sensors
operate together in direction to achieve desired assistance and safety
function. Among various sensor categories, Lidar sensors are anticipated to
increase high traction due to its crucial position in mechanization of
vehicles.
In addition, the ADAS processors are
expected to witness high development over the forecast period. The development
can be ascribed to the composite procedures of the ADAS functionality.
Corporations such as Intel company are working on the ECU alliance in order to
lessen the amount of ECU mainly used for each purpose distinctly. Advanced
Driver Assistance Systems (ADAS) may be explored by Interior design as
Commercial vehicle, Passenger car, Heavy commercial vehicle, Light commercial
vehicle.
North America has been at the forefront
with regards to Advanced Driver Assistance Systems (ADAS) Market share and will
continue to rule the roost in the years to come. North America ruled the
overall advanced driver assistance system with 34% share in 2016; followed by
Asia-Pacific.
In addition, increase in demand for progressive
driver protection organizations in the developing countries as India due to
high rate of road accidents and growing sales of high-end cars would drive the
APAC’s Advanced Driver Assistance Systems market in the years to come. European
region is anticipated to observe small fall in share, due to marketplace
saturation with the existing Advanced Driver Assistance systems
functionalities.
Some of the key players that fuel the
growth of the Advanced Driver Assistance Systems (ADAS) Industry size include
Renesas Electronics Corporation, Magna International Inc., Autoliv Inc., Robert
Bosch GmbH, Texas Instruments, Valeo, Denso Corporation, Panasonic Corporation,
NXP Semiconductor, and Continental AG. The key players are focusing on
inorganic growth to sustain themselves amidst fierce competition. As such,
mergers, acquisitions, and joint ventures are the need of the hour.
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