Advanced Driver Assistance System Market to Rise at 7.4% CAGR on Account of Stringent Road Safety Rules Imposed by Governments: Fortune Business Insights™

(The Express Wire via Comtex)

The global “Advanced Driver Assistance System” market size is projected to reach USD 28.63 billion by 2026 on account of the gradual shift towards automated system infrastructure worldwide. Automotive ADAS consists of a wide range of passive and active systems that are specially designed to assist the driver in providing him a safe, efficient, and comfortable ride to the destination. It also ensures pedestrian, passenger, and driver safety as it consists of various components such as radars, sensors, cameras, and multiple software to ensure smooth functioning of the system. A recently published report by Fortune Business Insights™ titled, “Advanced Driver Assistance System Market Size, Share and Industry Analysis, By System Type (Adaptive Cruise Control, Blind Spot Detection, Park Assist, Lane Departure Warning System, Autonomous Emergency Braking, Forward Collision Warning, Tire Pressure Monitoring, Heads-Up Display, Intelligent Headlights, Road Sign Assistance, E-Call System), By Component Type (LiDAR, Radar, Camera, Sensors), By Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle) and Regional Forecasts, 2019-2026” estimates that the market value was USD 16.28 billion in 2018 and will rise at a CAGR of 7.4% between 2019 to 2026.

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What is the Scope of the Report?

The report is based on an elaborate analysis of the market and primarily focuses on factors driving, repelling, challenging, and creating opportunities for the market. It throws light on significant industry developments, current Advanced Driver Assistance System Market trends, and other interesting insights into the market. Besides this, the report discusses the competitive landscape of the market, a list of significant players, and the strategies adopted by them to reach a remarkable position in the forecast duration.

Market Drivers

Increasing Popularity of Electric Vehicles will Drive Market

Technological advancements in the automobile sector are the key Advanced Driver Assistance System Market growth driver. Automotive OEMs are engaging in the introduction of artificial intelligence and other smart-end technology to assist drivers. This will help the market gain traction in the coming years. Besides this, the increasing imposition of stringent regulations concerning driver, passenger, and pedestrian safety is also propelling the growth of the market.

On the contrary, the high cost of installation and malfunctioning cases may cause major hindrance to the overall growth of the market. This, coupled with the continuous consumption of battery power, may cause battery disturbances and ultimately hampering the market in the coming years.

Nevertheless, the increasing popularity and adoption of electric vehicles, increasing demand for the efficient driving experience, and the increasing number of accidents caused due to negligence of drivers will help augment the market in the coming years.

Quick Buy Automotive Advanced Driver Assistance System

Regional Segmentation:

ASIA Pacific Dominating Market with Highest Sales and Production of Electric Vehicles

As per geography, Asia Pacific is holding the largest Advanced Driver Assistance System Market share on account of the high sales of automobiles in the region. This, coupled with the increasing adoption of electric vehicles in nations such as China and Japan, will further help this region continue dominating the market in the forecast period as well. On the other side, the European market will witness promising growth on account of stringent regulations imposed by the government on curbing fuel emission and promote the use of safety features in automobiles. This is further expected to increase the demand for driver assistance vehicles in the region. However, North America earned a significant revenue of USD 3.63 BILLION in 2018 on account of the presence of prominent players and the rapid adoption of driver assistance systems.

Competitive Landscape:

Players Investing in Research and Development of Innovative Features for Maintaining Position in Market

Currently, Robert Bosch GmbH is dominating the market on account of the rising popularity of a wide range of smart assistance solutions to ease urban traffic offered by them. Additionally, the continuous investments in research and development, and launch of innovative features for automated driving assistance will help this company continue to attract high Advanced Driver Assistance System Market revenue in the coming years. On the other side, Denso Corporation is a tough competitor for Bosch, as this company holds the largest share in the Asia Pacific market. Other companies such as Continental AG and others, are engaging in merger and acquisition, joint ventures, contracts and agreements, and other collaborative strategies to gain momentum in the market competition.

List ofNotableAdvanced Driver Assistance System Market Manufacturers include:

  • Continental AG
  • Harman International
  • Valeo SA
  • Renesas Electronics Corporation
  • DENSO Corporation
  • Aptiv PLC
  • Robert Bosch GmbH
  • Jayson Electronics
  • Aisin Seiki Co. Ltd
  • Gentex Corporation
  • AVL GmbH
  • Magna International Inc.
  • Hyundai Mobis
  • NXP Semiconductor
  • Panasonic Corporation
  • Autoliv Inc.
  • Mobileye N.V

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Significant Industry Developments of the Advanced Driver Assistance System Market include:

November 2019 Advanced rider assistance system developed by Bosch Corporation was announced by Kawasaki Heavy Industries Ltd. This assistance system comprises three components, namely the blind spot detection, forward collision warning, and the adaptive cruise control or the ACC.

January 2019 Two leading companies operating in adaptive and intelligent computing and chassis and driveline technology, namely ZF Friedrichshafen AG entered into a strategic collaboration for manufacturing ADAS system wherein ZF’s highly advanced AI-based automotive control unit named ZF ProAI will be powered by the Xilinx technology for smooth automated driving applications.

Table of Content

1.Market Overview

  • Advanced Driver Assistance System Market Introduction
  • Market Analysis by Type
  • Market Analysis by Applications
  • Market Analysis by Regions
  • North America (United States, Canada and Mexico)
  • United States Market States and Outlook (2020-2026)
  • Canada Market States and Outlook (2020-2026)
  • Mexico Market States and Outlook (2020-2026)
  • Europe (Germany, France, UK, Russia and Italy) Germany Market States and Outlook (2020-2026)
  • France Market States and Outlook (2020-2026)
  • UK Market States and Outlook (2020-2026)
  • Russia Market States and Outlook (2020-2026)
  • Italy Market States and Outlook (2020-2026)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • China Market States and Outlook (2020-2026)
  • Japan Market States and Outlook (2020-2026)
  • Korea Market States and Outlook (2020-2026)
  • India Market States and Outlook (2020-2026)
  • Southeast Asia Market States and Outlook (2020-2026)
  • South America, Middle East and Africa
  • Brazil Market States and Outlook (2020-2026)
  • Egypt Market States and Outlook (2020-2026)
  • Saudi Arabia Market States and Outlook (2020-2026)
  • South Africa Market States and Outlook (2020-2026)
  • Turkey Market States and Outlook (2020-2026)
  • Market Dynamics
  • Market Opportunities
  • Market Risk
  • Market Driving Force

2.Manufacturers Profiles

3.Global Advanced Driver Assistance System Market Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)

  • Global Advanced Driver Assistance System Market Sales and Market Share by Manufacturer (2017-2018)
  • Global Advanced Driver Assistance System Market Revenue and Market Share by Manufacturer (2017-2018)
  • Market Concentration Rate
  • Top 3 Advanced Driver Assistance System Market Manufacturer Market Share in 2018
  • Top 6 Advanced Driver Assistance System Market Manufacturer Market Share in 2018
  • Market Competition Trend

4.Global Advanced Driver Assistance System Market Analysis by Regions

  • Global Advanced Driver Assistance System Market Sales, Revenue and Market Share by Regions
  • Global Advanced Driver Assistance System Market Sales and Market Share by Regions (2020-2019)
  • Global Advanced Driver Assistance System Market Revenue and Market Share by Regions (2020- 2019)
  • North America Advanced Driver Assistance System Market Sales and Growth Rate (2020-2019)
  • Europe Advanced Driver Assistance System Market Sales and Growth Rate (2020-2019)
  • Asia-Pacific Advanced Driver Assistance System Market Sales and Growth Rate (2020-2019)
  • South America Advanced Driver Assistance System Market Sales and Growth Rate (2020-2019)
  • Middle East and Africa Advanced Driver Assistance System Market Sales and Growth Rate (2020-2019)

ToC Continue…

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