Global ADAS Market to exceed $74.5 Bn by 2025

Advanced Driver Assistance Systems (ADAS) Market size is set to exceed USD 74.5 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing road safety concerns along with favorable government regulations supporting the installation of safety equipment in vehicles are driving the ADAS market growth over the projected timeframe. For instance, in 2015, the European Union mandated the installation of autonomous emergency braking system and lane departure warning system for all heavy commercial vehicles. Ongoing innovations along with rising investments from manufacturers for enhancing system efficiency and production levels to obtain economies of scale, thereby resulting in lower cost systems for budget cars.


 

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Rising prominence of active safety technologies and safety assessment agencies is positively influencing the (ADAS) advanced driver assistance systems market share. Increasing disposable income is prominently contributing towards proliferating vehicle sales and road traffic, thereby enhancing the probability of accidents, property loss, and fatalities. ADAS units focuses on crash avoidance and injury prevention to address safety of vehicle occupants and pedestrians, thereby escalating industry growth.
 

U.S. Advanced Driver Assistance System (ADAS) Market, By Vehicle, 2018 & 2025, (USD Million)
Advanced Driver Assistance Systems (ADAS) Market

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Multiple government bodies are continuously formulating regulations for offering improved safety for vehicle occupants such as drowsiness monitoring, collision warning, automated braking, and steering tasks. Mandatory requirements for fitment of driver assistive systems providing road traffic awareness and enhanced comfort will positively influence the advanced driver assistance systems market. For instance, in 2018, The Ministry of Road Transport and Highways of India announced the mandatory fitment of ADAS on vehicles sold after 2022. Emergence of regulations mandating the safety systems will escalate the industry size.
 

Technological advancements in sensors, mapping, processors, and software algorithms are significantly improving the operating efficiency of driver assistive systems. Processors are enabled with multicore architectures and higher frequencies to reduce processing complexities and power consumption requirements. Optical sensors offering higher reliability and immediate information transfer to software are gaining higher visibility in the ADAS market.
 

Browse key industry insights spread across 420 pages with 516 market data tables & 15 figures & charts from the report, “Advanced Driver Assistance Systems (ADAS) Market Size By Technology (Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head Up Display, Lane Departure Warning, Park Assist, Surround View System, Traffic Sign Recognition, Tire Pressure Monitoring System), By Sensor (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By Vehicle (PCV, LCV, HCV), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, South Korea, Thailand, Indonesia, Australia, Brazil, Mexico, Argentina, Turkey, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents
https://www.gminsights.com/industry-analysis/adas-market
 

Park assist segment will account for a significant share in the ADAS market owing to rising concerns while parking and damages due to human error. Availability of parking sensors at lower cost and ease of retro fitment for vehicles will fuel the segment growth. The vehicle manufacturers are incorporating this technology for ease in parking. For instance, in April 2019, Groupe Renault announced that all new Clio incorporated with easy park assist and 360° camera that guides the driver with a view from above to detect any obstacles around the vehicles.
 

Image sensor will witness substantial growth in the business owing to its usage in autonomous park assists, night vision, blind spot detection, and surround view system. The sensor manufacturers are investing in R&D to enhance the image resolution and introducing new platforms in the industry. For instance, in January 2018, ON Semiconductor launched high resolution image sensors scaling from 8.3 MP with low light performance from 4.2 µm pixels. Additionally, higher luxury cars demand with such installed systems will further boost the industry revenue.
 

Passenger cars accounted for the highest revenue share in the advanced ADAS market and is predicted to continue its dominance over the projected timeframe owing to rising production across the globe. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), in 2017, passenger car sales grew by around 2% as compared to 2016. Further, increasing disposable income along with the frequent launch of multiple car models at varied price range and affordable financing alternatives will support the industry growth.
 

OEM will dominate the (ADAS) advanced driver assistance systems market share owing to the increasing investments for improving safety of the passengers. Stringent government initiatives mandating the fitment of such systems along with the availability of warranty in-case of replacements is supporting the market demand. Auto makers are offering ADAS units as a standard fitment in their new vehicle models. For instance, in February 2019, Bosch announced that ADAS fitment is rising in Germany with about 45% new cars registered in country that are equipped with ADAS as standard.
 

Asia Pacific advanced driver assistance systems market size will grow significantly over the study timeframe owing to the rising passenger vehicle sales with the incorporation of the product as standard fitment. The requirement for improved road safety and control for emissions will further propel the industry share. Moreover, governments across the region mandating safety equipment in vehicles are providing a positive outlook for the regional share expansion. The ADAS sensor manufacturers are developing innovative solution with country’s road conditions to enhance the ADAS capabilities. For instance, in December 2017, Netradyne launched its ADAS Driver platform specifically trained and adapted for Indian road conditions.
 

Major participants to advanced driver assistance systems (ADAS) market include Hitachi, Jabil, Bosch GmbH, Continental AG, Intel, Nvidia Corporation, Hyundai Mobis, TRW Automotive and Autoliv. Companies are focusing to undergo long term agreements with auto manufacturers to capture majority of market share. In April 2017, Autoliv Inc. entered into entered a joint venture with Volvo Cars Corporation to develop and design software for advanced driver assistance system.
 

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The advanced driver assistance systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2019 to 2025, for the following segments:

ADAS Market, By Technology (USD Million)

  • Adaptive Cruise Control
  • Automatic High Beam Control
  • Autonomous Park Assistance
  • Blind Spot Detection
  • Driver Monitoring
  • Forward Collision Warning
  • Front Lighting
  • AEB
  • Night Vision
  • Head Up Display
  • Lane Departure Warning
  • Park Assist
  • Surround View System
  • Traffic Sign Recognition
  • Tire Pressure Monitoring System

ADAS Market, By Sensor (USD Million)

  • LiDAR
  • Infrared
  • Ultrasonic
  • RADAR
  • Image Sensor

ADAS Market, By Vehicle (Units and USD Million)

  • PCV
  • LCV
  • HCV

ADAS Market, By Distribution Channel (Units and USD Million)

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Indonesia
    • Australia
  • LATAM
    • Mexico
    • Brazil
    • Argentina
  • MEA
    • Turkey
    • Iran
    • South Africa

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