Global Advanced Driver Assistance System Market 2018-2025 | Growth Opportunities

PARIS - Nov. 13, 2018 - PRLog -- Overview:

Advanced driver assistance systems (ADAS) helps drivers in controlling vehicles and avoiding road mishaps. These systems are designed with radars, sensors, and cameras to assist the drivers with real-time information about the surroundings of the vehicle.

The market is classified based on Types such as Adaptive Cruise Control, Adaptive Light Control, Automatic Braking Systems, Blind Spot Detection, Collision Avoidance Systems, Driver Drowsiness Detection, E-Call Telematics, Lane Departure Warning Systems, Night Vision, Parking Assistance, Tire Pressure Monitoring, and Others. Further, the market is segmented based on technology includes Sensors, Software Algorithm and ECU/DCU Technologies, and Actuator Technologies. Also, the ADAS market is classified on the basis of Vehicle Type into Passenger Cars, Light Commercial Vehicles, Buses and Trucks, and Others. Among all types of ADAS, Parking Assistance accounted for the largest market share of about 16% in 2017. However, Adaptive Cruise control is an emerging technology which is expected to account for the largest market share of about 23% by 2025.

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Drivers:

Increasing number of accidents leads to a rise in demand for automation which is boosting the demand for ADAS globally. The ADAS market is growing due to rising safety concerns, as the number of road accidents is increasing constantly, especially in developing countries. For instance, there were about 151,000 deaths in India in 2016, an increase from 146,000 in 2015. The number of road crash deaths have increased by 31% from 2007 to 2017, and that of fatal road crashes have increased by 25.6% in the same period in India. Hence, to reduce the number of road accidents, the adoption of advanced driver assistance systems applications, such as adaptive cruise control, blind spot detection system, lane departure warning system, and night vision is increasing, hence leading to the growth of the market. Also, with rising consumer demand for applications that promote comfort and economy such as assisted parking or detection of motoring blind spots, the manufacturers are developing more advanced driving systems.

Restraints:

However, lack of infrastructure in developing countries is one of a major restraint. Additionally, effective functioning of ADAS requires advanced infrastructure facilitates such as well-organized roads, lane marking, and availability of GPS. For highways, information such as a lane change, object detection, distance between vehicles, traffic, and services such as navigation and connectivity is very important for vehicles equipped with ADAS. In countries like India, Brazil, and China, development of sophisticated IT and infrastructure on highways is growing at a slower rate as compared to European countries.

Regional Outlook:

Based on the region, the ADAS market can be segmented into North America, South America, Europe, Asia-Pacific, and Rest of the World. North America is the leading market for ADAS followed by Europe and Asia-Pacific. The increased automobile sales in the United States coupled with stringent environmental regulations are the major drivers of the ADAS market. Also, the existence of major manufacturers in this region combined with the availability of sophisticated technologies enables the advanced driver assistance systems market to flourish. The visions amongst the delegates of the EU member state countries Sweden, Germany, the Netherlands, the UK, France concerning road safety are different and so is their perceived usefulness of ADAS for road safety. Asia-Pacific ADAS market relatively lower than North America and Europe; however, these regions offer lucrative opportunities to the ADAS market.

Competitive Landscape:

Key Players of ADAS Market includes Autoliv Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Hella KGAA Hueck & Co, Hyundai Mobis, Magna International, Mobileye, Robert Bosch GmbH, and Valeo SA.

Partnerships, business expansion, and mergers & acquisitions are among the key strategies adopted by the industry participants. For instance, in February 2018, Autoliv AB announced its new spin-off company, Veneer, the supplier of autonomous driving solutions and ADAS. In June 2017, Autoliv partnered with Volvo to form a new venture, Zenuity to develop self-driving cars based on Nvidia's Drive PX Al computing platform and commercialize by 2021.

Scope of the report:

• Methodology and Scope
• Executive Summary
• Key Market Trends and Headlines
• Industry Analysis (covering market drivers and restraints, Porter 5 Forces)
• Segment Analysis (By type, by value chain, by vehicle type)
• Geographical Analysis
• Competitive Landscape
• Company Profiles

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