Advanced Driver Assistance Systems (ADAS) Market – Global Opportunities & Forecast, 2020-2027

 This report researches and evaluates the impact of COVID-19 outbreak on the market, including potential opportunities and challenges, drivers, and risks associated with the market. We present a detailed assessment of market growth based on numerous scenarios.

Market Overview:

The market report offers a detailed analysis of the market size, regional and country-level market size, segmentation, market growth, market share, competitive landscape, and the impact of domestic and global leading players.

Market Drivers:

The growing penetration of electric vehicles owing to the increasing government efforts and subsidies to promote the electric vehicles to meet the rising concerns regarding global warming, air pollution, and depleting fossil fuels are the significant factors contributing to the growth of the global advanced driver assistance systems (ADAS) market. Moreover, continuous technological advancements for the development of advanced driver assistance systems, and the growing need for an efficient and safe driving experience to decrease the incidences of accidents will further energize the market growth. Stringent government regulations regarding vehicle safety, along with the emergence of autonomous vehicles is supporting the end-users towards the adoption of advanced driver assistance systems around the world.

The rising per capita income, rapid urbanization, and changing consumer lifestyle are surging the demand for vehicles, and the rise in the sales of luxury cars will further accelerate the demand of the global advanced driver assistance systems (ADAS) market. The advanced driver assistance system provides exceptional features such as aids in lane-keeping, lane-changing, parking assist system, traffic sign recognition, and other features, which helps in offering a safe driving experience. On the other edge of the spectrum, the high cost of the systems and lack of required infrastructure in the developing economies, are the major factors that are hampering the market’s growth.

Market Segmentation:

The Advanced Driver Assistance Systems (ADAS) Market is segmented into system, component, offering, vehicle type, electric vehicle type, and regions. For the forecast period, the growth among the segments provides accurate calculations and forecasts for sales by different segments in terms of volume and value. This analysis will help in expanding the business by targeting qualified niche markets.

Segment by System:

·         Adaptive Front Light (AFL)

·         Adaptive Cruise Control (ACC)

·         Blind Spot Detection (BSD)

·         Automatic Emergency Braking (AEB)

·         Driver Monitoring System (DMS)

·         Cross Traffic Alert (CTA)

·         Intelligent Park Assist (IPA)

·         Forward Collision Warning (FCW)

·         Night Vision System (NVS)

·         Lane Departure Warning (LDW)

·         Road Sign Recognition (RSR)

·         Pedestrian Detection System (PDS)

·         Traffic Jam Assist (TJA)

·         Tire Pressure Monitoring System (TPMS)

Segment by Component:

·         Lidar Sensor

·         Camera Unit

·         Ultrasonic Sensor

·         Radar Sensor

Segment by Offering:

·         Hardware

·         Software

Segment by Vehicle Type:

·         Light Commercial Vehicles (LCVS)

·         Buses

·         Trucks

·         Passenger Cars (PCS)

Segment by Electric Vehicle Type:

·         Battery Electric Vehicle (BEV)

·         Fuel Cell Electric Vehicle (FCEV)

·         Hybrid Electric Vehicle (HEV)

·         Plug-In Hybrid Electric Vehicle (PHEV)

Segment by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape and Analysis:

The Advanced Driver Assistance Systems (ADAS) Market offers detailed information including company overview, company total revenue, market potential, global presence, and total revenue generated. The report will also provide market share, production sites, SWOT analysis, product launch, and other relevant data.

The key players for the Advanced Driver Assistance Systems (ADAS) Market are Intel Corporation, Hyundai Mobis, Valeo, Aptiv, Continental AG, ZF Friedrichshafen AG, Robert Bosch GmbH, Denso Corporation, Magna International Inc., and NVIDIA Corporation, among others.

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