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)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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