Advanced Driver Assistance Systems Market Products, Industry Size, Global Trends, Advancements and Growth Overview – Delphi, Robert Bosch, ZF Friedrichshafen, Hitachi, HELLA, Magna, Continental, Valeo, Panasonic, DENSO,

Research Reports

Aug 24, 2022

Advanced Driver Assistance Systems Market Overview

The advanced driver assistance systems market has a wide range of active and passive systems designed to assist the driver by providing comfort, safety, and efficiency while driving. It promotes the safety of the driver, pedestrian, and passenger. It has multiple features like sensors, cameras, radars, and software that helps in function. The emergency braking, park assist, adaptive cruise control, blindspot detection, and lane warning departure system are a few systems included in the ADAS. Artificial intelligence has taken the advanced driver assistance system market to the next level. The expansion in industrialization and urbanization, rise in disposable income, and improving living standards are impacting the advance driver assistance system market positively during the predicted period. The global Advanced Driver Assistance Systems (ADAS) Market is estimated to grow from $27.52 billion in 2021 to $58.59 billion in 2028 at a CAGR of 11.4%. The global pandemic Covid-19 has been unusually shocking and unexpected, with clear aligners witnessing a negative stock demand across the regions. The covid crisis started disruption in the supply chain and suspension of vehicle production, which brought a halt in the automotive industry. This is a result the market went to the decline phase in 2020.

Growth Drivers

Safety advanced driver assistance systems
Detroit advanced driver assistance systems
Increased need for comfort at the time of driving
Strict safety rules and regulations
Various technological advances

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Key Players

ZF Friedrichshafen AG
Hitachi Ltd.
HELLA KGaA Hueck & Co
Magna International Inc
Continental AG
Valeo
Panasonic Corporation
DENSO CORPORATION
Delphi Automotive LLP
Robert Bosch Automotive Steering GmbH

Market segmentation

Theadvance driver assistance system market is segmented under the following components:-

By system type

Adaptive cruise control
Blind spot detection
Park assists
Lane departure warning system.
Autonomous emergency braking
Tire pressure monitoring
Head-up display
Intelligent headlight
E-call system
Forward collision warning

By component type

LiDAR
Radar
Camera
Sensor

By vehicle type

Passenger cars
Light commercial vehicles (LCV)
Heavy commercial vehicles (HCV)

By geography

North America:- U.S. (by vehicle type), Canada, Mexico, Europe, U.K, Germany, France
Asia Pacific:- China, India, Japan, South Korea
Rest of the World:- Brazil, South Africa, other in a row.

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Regional analysis

The Asia Pacific is estimated to dominate the advanced driver assistance systems market share due to the high production of vehicles. The market in the Asia Pacific reached USD 11.37 billion in 2020 and is expected to grow the largest market share in the upcoming years. The technological advancements in manufacturing plants in China, India, and others are expected to boost their market development.

Europe is mostly predicted to hold the second-largest market share because of the imposition of stringent emission regulations. This is the factor expected to boost product adoption, which helps in the growth and development of the Europe market. In North America, the fastest advanced driver assistance systems, adoption and the presence of prominent manufacturing companies are expected to uplift market development.

Industry news

Global advanced driver assistance system market assessed to grow with a note way rate during 2020-2027.
Euro NCAP tests will soon include scoring of driver assistance systems, and Thatcham Research, the U.K.’s only Euro NCAP accredited partner, is leading the research.

1 Executive Summary

2 Introduction

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 Research Methodology

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 Market Factor Analysis

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 Patent Trends

5.1 List Of Patents 24

6 Market Dynamics

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

…continued.

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