Advanced Driver Assistance Systems (ADAS) Market Research Report
Growth Opportunities in the global advanced driver assistance systems market look promising over the next six years. The increasing government efforts and subsidies to support the usage of electric vehicles with an aim to reduce global warming is a key factors driving the growth of the global advanced driver assistance systems market.
Introduction of the Advanced Driver Assistance Systems
(ADAS) Market:
An intelligent system is present in all the vehicles and
assists the driver in multiple ways, including blockage & closure of roads
ahead, congestion levels, offers information regarding the traffic, and other
information related to driving. Advanced driver assistance system is majorly
introduced for improving safety and comfort level. These systems are developed
to automate, adapt, and decrease human errors. The system allows the
interaction between multiple vehicles, transportation management centers &
vehicle infrastructure systems, thereby enabling the interchange of information
for improved vision, localization, planning, and better decision making
regarding the vehicles.
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Advanced Driver Assistance Systems (ADAS) Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
The global advanced driver assistance systems (ADAS)
market is expected to witness strong growth during the forecast period due to
the growing penetration of electric vehicles driven by the increasing
government efforts and subsidies to encourage the electric vehicles to meet the
rising concerns regarding global warming, air pollution and reducing fossil
fuels. Additionally, rapid technological advancements for the development of
advanced driver assistance systems and the growing need for an effective and safe
driving experience to decrease the increasing incidences of accidents will
further bring various growth opportunities in the market. Rigorous government
regulations associated with vehicle safety, along with the development of
autonomous vehicles, are promoting the end-users to opt for advanced driver
assistance systems globally.
The growing per capita income, shifting consumer lifestyle,
and rapid urbanization is leading to an upsurge in demand for vehicles, and a
sharp increase in the sales of luxury cars will accelerate the growth of the advanced
driver assistance systems market size during the forecast period. The
advanced driver assistance system provides exceptional features, including aids
in lane-keeping, traffic sign recognition, parking assist system,
lane-changing, and other features, which support in offering a safe driving
experience. On the other edge of the spectrum, the high cost of the systems and
storage of required infrastructure in the developing countries will hamper the
growth of the global advanced driver assistance systems market.
Key Players of the Global Advanced Driver Assistance Systems
(ADAS) Market:
·
F Friedrichshafen AG
·
Robert Bosch GmbH
·
Aptiv
·
Continental AG
·
Denso Corporation
·
Intel Corporation
·
Hyundai Mobis
·
Valeo
·
Magna International Inc.
·
NVIDIA Corporation
Advanced Driver Assistance Systems (ADAS) Market Segmentation:
Segmentation
by System:
·
Adaptive Front Light (AFL)
·
Adaptive Cruise Control (ACC)
·
Blind Spot Detection (BSD)
·
Automatic Emergency Braking (AEB)
·
Driver Monitoring System (DMS)
·
Cross Traffic Alert (CTA)
·
Intelligent Park Assist (IPA)
·
Forward Collision Warning (FCW)
·
Night Vision System (NVS)
·
Lane Departure Warning (LDW)
·
Road Sign Recognition (RSR)
·
Pedestrian Detection System (PDS)
·
Traffic Jam Assist (TJA)
·
Tire Pressure Monitoring System (TPMS)
Segmentation
by Component:
·
Lidar Sensor
·
Camera Unit
·
Ultrasonic Sensor
·
Radar Sensor
Segmentation
by Offering:
·
Hardware
·
Software
Segmentation
by Vehicle Type:
·
Light Commercial Vehicles (LCVS)
·
Buses
·
Trucks
·
Passenger Cars (PCS)
Segmentation
by Electric Vehicle Type:
·
Battery Electric Vehicle (BEV)
·
Fuel Cell Electric Vehicle (FCEV)
·
Hybrid Electric Vehicle (HEV)
·
Plug-In Hybrid Electric Vehicle (PHEV)
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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