Advanced Driver Assistance Systems Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report published by Market Research Future. The Global Advanced Driver Assistance Systems (ADAS) Market to grow at 12.24% CAGR and reach USD 21.921 Million by 2023. Advanced Driver Assistance Systems Industry 2019 report segments market for Advanced Driver Assistance Systems by Technology (Adaptive Cruise Control, Intelligent Park Assist, Pedestrian Protection, Drowsiness Monitor, Blind Spot Detection, Head-Up Display and others), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Sensor Type (Radar Sensor, Camera Sensor, Lidar Sensor and Ultrasonic Sensor) and Region.
Advanced Driver Assistance Systems Market Key Players Analyzed In Report –
Robert Bosch Automotive Steering GmbH, Delphi Automotive LLP, DENSO CORPORATION, Panasonic Corporation, Valeo, Continental AG, Magna International Inc, HELLA KGaA Hueck & Co., Hitachi Ltd., and ZF Friedrichshafen AG.
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Advanced Driver Assistance Systems Market Insights:
The global advanced driver assistance system market was analyzed and studied by the team of Market Research Future (MRFR) to gain an accurate overview of the market. Market Research Future (MRFR)’s latest study suggests that the global advanced driver assistance system market is set to expand at a strong CAGR of 12.24% during the forecast period. The market is estimated to grow from USD 9.153 Mn in 2016 to USD 21.921 Mn by 2023.
An Advanced Driver Assistance Systems (ADAS) is a system that enhances the driving experience as well as the safety of the driver in an automobile. ADAS systems perform a multitude of tasks such as object detection, connection to smart phones, automated braking, automated lighting, adaptive cruise control, etc. The varying advancements in tech in the automotive landscape combined with the fast-paced adoption of the same has pushed the growth of the market towards an upward growth trajectory. The trend is most likely to continue in the coming years as reported by MRFR.
Advanced driver assistance systems are also gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the advanced driver assistance system market over 2023.
Market Segments Analysis:
The global advanced driver assistance systems market segments into the following categories for the convenience of understanding: technology, radar type, and technology.
By technology, the advanced driver assistance systems market has been segmented into adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others.
By vehicle type, the global advanced driver assistance systems market is segmented into passenger vehicle and commercial vehicle.
By radar type, the advanced driver assistance systems market has been segmented into radar sensor, lidar sensor, camera sensor, and ultrasonic sensor.
Regional Analysis:
The global market is projected to grow during the forecast period in considerable fashion. The North American region holds the highest share in the global market and is expected to grow further soon. The regional market is primarily contributed by the United States of America.
Asia Pacific is projected to exhibit a growth over the assessment period. The accelerated adoption of the advanced driver assistance systems market has augmented the regional market. For instance, Minister of Road Transport and Highways of India has announced that it is planning to make advanced driver assistance system mandatory in future cars by early 2022.
A major factor influencing the growth in the European market can be a rise in the manufacture of the commercial vehicles by original equipment manufacturers with advanced safety and assistance features. The use of such features aids safe delivery of goods and efficient city transportation. The European market is expected to show a 10.58% CAGR in the ADAS enabled commercial vehicles during the forecast period.
Table Of Contents:
1 Executive Summary
2.1 Definition 14
2.2 Scope Of The Study 14
2.3 Assumptions 14
2.4 Key Takeaways 15
2.5 Key Buying Criteria 15
2.6 Market Structure 16
3.1 Research Process 17
3.2 Primary Research 17
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 20
4.1 Porter’s Five Forces Analysis 21
4.1.1 Threat Of New Entrants 21
4.1.2 Bargaining Power Of Suppliers 22
4.1.3 Bargaining Power Of Buyers 22
4.1.4 Threat Of Substitutes 22
4.1.5 Rivalry 22
4.2 Supply Chain Analysis 23
5.1 List Of Patents 24
6.1 Market Drivers 27
6.1.1 Changing Landscape Of The Automotive Industry 27
6.1.2 Increasing Need For Safety And Stringent Government Regulations 28
6.2 Restraints 28
6.2.1 High Capital Investments 28
6.2.2 Low Penetration Of ADAS In The Emerging Regions 29
6.3 Trends 29
6.3.1 Brand Differentiator 29
6.3.2 Increasing Demand For Customer Comfort 30
7.1 Introduction 32
7.1.1 Adaptive Cruise Control 32
7.1.2 Adaptive Front-Lighting System 32
7.1.3 Intelligent Park Assist 32
7.1.4 Pedestrian Protection 32
7.1.5 Blind Spot Detection 32
7.1.6 Drowsiness Monitor 33
7.1.7 Head Up Display 33
Continued…
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