Advanced Driver Assistance Systems (ADAS) Market Global Trends and Growth Accelerates at a 13.6% by 2025 | MRFR Latest Brief 2022
Research Reports
Nov 17, 2022
Advanced Driver Assistance And Various Technological advances
Advanced Driver Assistance Systems Market/ ADAS Market Research Report 2022 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) – Forecast to 2030.
Advanced Driver Assistance Systems (ADAS) Market Outlook
According to a study report, the market for advanced driver assistance systems would expand at a healthy rate between 2017 and 2025. By 2025, the market is anticipated to surpass a higher valuation level while expanding at a CAGR of 13.6%. Along with rising consumer buying power, the market expansion is anticipated to be supported by the growing need for safety features. The complex structure and a lack of awareness, as projected by analysts, will have a negative impact on the market’s performance from 2017 to 2025. Demand for electronic safety controls and traction controls, as well as their integration, will support the market throughout the forecasted period.
The key players of advanced driver assistance industry are:
- 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 and Others.
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Companies focusing on driver assistance solutions have been profiled. The global market is expected to be impacted by high prices for advanced driver assistance systems from 2017 to 2025. Forecasts for the market’s performance through 2025 are also included in the research. To aid both newcomers and established enterprises, analysts have researched the strategies of organizations focused on the driver assistance solutions industry. The field of driver assistance solutions is backed by favourable government policies and rising levels of awareness. The market for advanced driver assistance systems is anticipated to expand steadily between 2017 and 2025 across geographical markets, sensor type, technology, and vehicle type categories.
Advanced Driver Assistance Systems (ADAS) Market Segmentation:
Due to rising consumer awareness and technical advancements, the driver assistance solutions market has expanded across sensor type, technology, and vehicle type categories. In order to research the market, experts have further divided sensor type, technology, and vehicle type into categories such as adaptive cruise control, pedestrian protection, blind-spot detection, drowsiness monitor, head-up display, and others based on technology. The market is further divided into passenger automobiles and commercial vehicles under the vehicle type subsegment. Additionally, the market for advanced driver assistance systems is divided into segments based on the type of sensor used, including camera, LIDAR, radar, and ultrasonic sensors.
According to the segmented analysis in the study, the market for driver assistance solutions will experience growth from 2017 to 2025 as a result of favourable regulations in several regional markets as well as obstacles including a lack of infrastructure. According to the advanced driver assistance systems market study, analysts believe that an increase in disposable income and rising customer awareness are two of the major factors affecting businesses that provide driver aid solutions. However, the survey also identified supply chain issues and a lack of investments from significant firms as the two main concerns that driver assistance solution providers will face until 2025.
Industry 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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Advanced Driver Assistance Systems (ADAS) Market Regional Analysis:
The advanced driver assistance systems market is dominated by firms situated in North America, Europe, Asia Pacific, the Middle East, and Africa, as well as the rest of the world. The main development engine for regional markets would be the rising demand from numerous industry verticals. The lack of knowledge, though, will prove to be dangerous. Each of these geographical markets is examined in the report for the forecast period of 2017 to 2025. The regional market and driver assistance solutions vertically based businesses are dispersed over North America, specifically the United States, Canada, and Mexico. From 2017 to 2025, the shifting desire for less expensive options will prove to be a significant problem.
Regional markets in the United Kingdom, France, Italy, and Germany make up some of the European markets covered in the research. According to the analysis, the market in the region will gain from rising disposable income as well as rising consumer purchasing power. India, Japan, China, and other countries are included in the segmental study for the Asia Pacific area for the driver assistance solutions sector. The Middle East and Africa are included in the research report’s coverage of the remainder of the world’s advanced driver assistance systems market. Forecasts for the period up to 2025 are provided based on the report’s results.
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
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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
6.3.1 Brand Differentiator 29
6.3.2 Increasing Demand For Customer Comfort 30
7 Global Advanced Driver Assistance Systems Market, By Technology
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
…continued.
Other Related Report:
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