Advanced Driver Assistance System (ADAS) Market Size, Application, Analysis, Regional Outlook, Competitive Strategies, and Forecasts, 2018 - 2023
ID : ME_043431 Format : PDF July, 2019 Pages : 116
Global advanced driver assistance system (ADAS) market
ADAS are systems that support, complement or substitute the driver of a vehicle. These systems help drivers to avoid collisions and accidents. It is a set of systems used in vehicles to provide an intelligent and comfortable driving experience. They use radar and cameras to assist the drivers by providing real-time information about the surroundings. ADAS is leading the way for autonomous vehicles. These systems are the foundation of next-generation automotive electronic safety systems and autonomous cars. A vehicle's ADAS can detect objects and alert the driver of hazardous conditions or impending danger. The global ADAS market is expected to reach USD 31.95 Bn by 2023 with a CAGR of 21.1% during 2018-2023.
The ADAS market is divided into three primary segments based on vehicle, sensor and component.
Based on vehicle, the market is segmented into passenger and commercial vehicles.
Based on sensors, the market is divided into image, radar, lidar and other sensors (ultrasonic,
infrared and laser sensors).
Based on components, the market is classified into adaptive cruise control (ACC), parking assistance (PA), lane departure warning (LDW), tire pressure monitoring (TPM), blind spot detection (BSD), autonomous emergency braking (AEB) and others (adaptive front lighting, drowsiness monitor, forward collision warning, head-up display and driver monitoring systems).
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Key growth factors
The increasing government initiatives for mandating driver assistance system in order to lower road accidents is expected to proliferate market growth. Higher adoption of these systems in small cars is anticipated to further boost the market demand. Rising levels of technological innovation as well as growing initiatives towards vehicle automation and self-drive cars have raised the demand for the safety of the driver and assistance systems over the past decade. The adoption of ADAS applications such as ACC, BSD, LDW and night vision are leading to reduction in the number of accidents. It has been projected that the number of road accidents would increase in developing countries, thereby leading to market growth in terms of revenue. For instance, the European Union has mandated the automotive manufacturers to fit ADAS systems such as LDW and AEB systems in all heavy commercial vehicles weighing over 7,000 kgs.
Threats and key players
The growth of the ADAS market is currently hindered by the growing incidence of software failures in sensors coupled with the high cost of these systems that have acted as major restraining factors for the wide acceptability of these systems. The forward-collision warning systems still have difficulty identifying objects when a vehicle is traveling at high speed. Many of the most promising ADAS applications are still being refined or have not yet hit the market while others are expensive and mostly available in premium cars. But one of the most important factors inhibiting demand could be a lack of consumer awareness. Once consumers become familiar with ADAS, they will prefer cars with these features.
The key competitors in the global ADAS market are Continental AG, Autoliv Inc., Delphi Technologies, Denso Corporation, Bosch, Mobileye and others.
What's covered in the report?
1. Overview of the global ADAS learning market.
2. Market drivers and challenges of the global ADAS market.
3. Market trends in the global ADAS market.
4. Historical, current and forecasted market size data for the segment based on vehicles.
5. Historical, current and forecasted market size data for the segment based on sensors.
6. Historical, current and forecasted market size data for the segment based on components.
7. Historical, current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the ADAS market.
8. Historical, current and forecasted market size data for region-wise segments.
9. Analysis of company profiles of major competitors operating in the market.
o Understand the demand for ADAS to determine the viability of the market
o Determine the developed and emerging markets adopting ADAS solutions
o Identify the challenge areas and address them
o Develop strategies based on the drivers, trends and highlights
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed
o Recognize the key competitors of this market and respond accordingly
o Knowledge of the initiatives and growth strategies taken by the major companies and decide the direction of further growth
o Define the competitive positioning by comparing the products and services compared with the key players in the market
Chapter 1: Executive summary
1.1 Market scope and segmentation
1.2 Key questions answered in this study
1.3 Executive summary - global
1.4 Executive summary - North America
1.5 Executive summary - Europe
1.6 Executive summary - Asia Pacific
1.7 Executive summary - Latin America
1.8 Executive summary - The Middle East and Africa
Chapter 2: The global ADAS market - market overview
2.1. Global market overview - by revenue
2.2. Global market overview - by region: revenue, CAGR
2.3. Global market overview - drivers, challenges and trends
2.4. Value chain
Chapter 3: Regional market overview
3.1. Regional market overview - North America
3.1.a. North America historical market revenue, Europe
forecasted market revenue, CAGR, key companies, highlights
3.2. Regional market overview - Europe
3.2.a. Europe historical market revenue, Europe
forecasted market revenue, CAGR, key companies, highlights
3.3. Regional market overview - Asia Pacific
3.3.a. Asia Pacific historical market revenue, Asia Pacific forecasted market revenue, CAGR, key companies, highlights
3.4. Regional market overview - Latin America
3.4.a. Latin America historical market revenue, Latin America forecasted market revenue, CAGR, key companies, highlights
3.5. Regional market overview - The Middle East and Africa
3.5.a. The Middle East and Africa historical market revenue, The Middle East and Africa forecasted market revenue, CAGR, key companies, highlights
Chapter 4: Global segment overview
4.1. Global segment overview - by vehicle - revenue, CAGR, write-up
4.1.a. Global segment overview - by vehicle: regional share (2023F)
4.2. Global segment overview - by sensor - revenue, CAGR, write-up
4.2.a. Global segment overview - by sensor: regional share (2023F)
4.3. Global segment overview - by component - revenue, CAGR, write-up
4.3.a. Global segment overview - by component: regional share (2023F)
Chapter 5: North America - by segment
5.1. North America - by vehicle: revenue, CAGR, highlights
5.2. North America - by sensor: revenue, CAGR, highlights
5.3. North America - by component: revenue, CAGR, highlights
Chapter 6: Europe - by segment
6.1. Europe - by vehicle: revenue, CAGR, highlights
6.2. Europe - by sensor: revenue, CAGR, highlights
6.3. Europe - by component: revenue, CAGR, highlights
Chapter 7: Asia Pacific - by segment
7.1. Asia Pacific - by vehicle: revenue, CAGR, highlights
7.2. Asia Pacific - by sensor: revenue, CAGR, highlights
7.3. Asia Pacific - by component: revenue, CAGR, highlights
Chapter 8: Latin America - by segment
8.1. Latin America - by vehicle: revenue, CAGR, highlights
8.2. Latin America - by sensor: revenue, CAGR, highlights
8.3. Latin America - by component: revenue, CAGR, highlights
Chapter 9: The Middle East and Africa - by segment
9.1. The Middle East and Africa - by vehicle: revenue, CAGR, highlights
9.2. The Middle East and Africa - by sensor: revenue, CAGR, highlights
9.3. The Middle East and Africa - by component: revenue, CAGR, highlights
Chapter 10: Competitive landscape
10.1. Market share of key companies
10.2. Continental AG
- Company snapshot
- Strategic initiatives
- Geographical presence
- Key people
- Key numbers
10.3. Autoliv Inc.
10.4. Delphi Technologies
10.5. Denso Corporation
10.7. Magna International
10.8. BMW AG
10.9. Ford Motor Company
10.10. Aisin Seiko Co.
10.12. Porter's five forces analysis
Chapter 11: Conclusion and outlook
11.2. Outlook 2020
- List of tables
- Research and methodology
- About Netscribes Inc.
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model:
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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