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Global Advanced Driver Assistance Systems Market, By System, By Sensor, By Vehicle, By Region Trend Analysis, Competitive Market Share & Forecast, 2017-2027

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    Report

  • 201 Pages
  • January 2022
  • Region: Global
  • Blueweave Consulting & Research Pvt Ltd
  • ID: 4793191

Global Advanced Driver Assistance Systems (ADAS) Market All Set to Flourish: Expected to Reach Worth USD 54.2 Billion by 2027


The increasing demand for a safe, efficient, and convenient driving experience as well as the rising demand for luxury vehicles across the globe are the key factors driving the growth of the global ADAS market. Furthermore, government regulations that aim to minimize road accidents and loss of passenger lives, are favoring the market’s growth…

According to a study showed the global Advanced Driver Assistance Systems (ADAS) market was worth USD 24.7 billion in 2020 and is further projected to reach USD 54.2 billion by 2027, at a CAGR of 12.0% during the forecast period (2021-2027). The increasing demand for a safe, efficient, and convenient driving experience as well as the rising demand for luxury vehicles across the globe are the key factors driving the growth of the ADAS market. Additionally, the Original Equipment Manufacturers (OEMs) and government regulatory authorities are taking necessary steps to improve transportation by addressing major challenges like road accidents, traffic congestion, and the cost of transportation, which in turn is driving the market growth. The rapid growth of the automotive industry has led to the use of many sensors in order to make driving comfortable, luxurious, and safe, which also favors the growth of the global ADAS market.

Increasing Demand for Safety Concern Driving the ADAS Market Growth


With engineering advancements and the growing need for safer technology, OEMs offer a number of features, including Automated Emergency Braking (AEB), airbags, lane departure warning systems, and others. These features have greatly reduced road accidents worldwide. According to the US Department of Transportation, frontal airbags saved 50,457 lives between 1987 and 2017. Moreover, the explosive growth of the automotive industry has led to many sensor technologies being implemented to make driving more luxurious, efficient, safe, and convenient. Thus, the growing demand for automated warning systems and collision mitigation technologies is expected to drive the market size for advanced driver assistance systems.

Favorable Government Initiatives Accelerating the Growth of the ADAS Market


Government regulations that aim to minimize road accidents and loss of passenger lives, coupled with the growing need for Transportation Management Systems (TMS), especially across the logistic sectors are driving the demand for the automotive electronics market. Moreover, favorable government initiatives, along with factors such as prevailing low labor costs in emerging economies, have led to an increase in the production of Light Commercial Vehicles (LCVs) and passenger cars. For instance, the European Union has outlined Vision Zero, an initiative to mitigate road deaths to zero by 2050. The authority has targeted to reduce fatalities and injuries by 50% by 2030. Additionally, the National Transportation Safety Board held a roundtable discussion on July 24, 2017, on advanced driver assistance systems and how commercial fleets (heavy trucks) can increase acceptance of the life-saving ADAS technology. Such fruitful Government initiatives are playing a key role in driving the growth of the market.

Global Advanced Driver Assistance Systems (ADAS) Market: Vehicle Insights


The passenger car segment is expected to dominate the ADAS market over the forecast period. Rapid urbanization and increasing consumer spending on automobiles have enhanced the demand for passenger cars across the globe. Thus, rising consumer awareness concerning road safety, combined with governmental regulations are a few major growth factors favoring the segment’s growth. In addition, several countries in Europe, North America, and Asia-Pacific have introduced regulations requiring the incorporation of various types of ADAS in the passenger car segment, which clearly explains the segment's growth.

Impact of COVID-19 On ADAS Market


In terms of business and operational parameters, the pandemic has wreaked havoc on several industry players, and the global ADAS market is no exception. The global ADAS market had to witness a sharp decline due to the sudden outbreak of the COVID-19 pandemic. As soon as the World Health Organization (WHO) declared the novel coronavirus as a pandemic, countries across the globe were compelled to implement a nationwide lockdown to prevent the spread of coronavirus. The lockdowns restrictions stifled the growth of the global ADAS market by negatively impacting vehicle sales, supply chains, and logistics. Furthermore, the demand for ADAS declined worldwide as a result of the decline in automobile sales which is an end-user of ADAS.

Global ADAS Market: Regional Insights


Geographically, North America dominates the overall ADAS market and is expected to dominate the market over the forecast period, followed by Europe. Due to its extensive research and development facilities, the United States is the leading country in the North American automotive sector due to its significant investments in smart automotive production methods and process automation. In addition, the Asia-Pacific is projected to grow at the fastest rate, owing to rising disposable income levels, increased vehicle production in developing countries such as India and China, as well as an increase in luxury vehicle sales, thus driving the ADAS market.

Global ADAS Market: Competitive Landscape


Some of the key players in the global ADAS market are Robert Bosch, ZF Friedrichshafen, Denso, Aptiv, Brentwood Industries Inc., Enexio, Intel, NVIDIA, Continental, Valeo, Hella, Magna, Samsung, Aisin Seiki Co. Ltd, Delphi Technologies, Harman International, NXP Semiconductor, Panasonic Corporation, Hyundai Mobis, and other prominent players. In order to improve their production capability, product portfolio, and provide competitive differentiation, the market players are increasingly participating in acquisitions, alliances, and mergers. Additionally, the presence of leading players in this market space greatly decreases the opportunities for new entrants to the market as it is difficult to match the high capital requirements.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global ADAS market size, along with current trends and forecasts. The report promises to provide recent technology trends of the global ADAS market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


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Table of Contents

1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Research
2.2. Quantitative Research
2.3. Market Breakdown & Data Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Region
2.5. Assumption & Limitation
3. Executive Summary
4. Global Advanced Driver Assistance Systems (ADAS) Market Insights
4.1. Industry Value Chain Analysis
4.2. DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Recent Development
4.4. Government Regulations
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Intensity of Rivalry
5. Global Advanced Driver Assistance Systems (ADAS) Market Overview
5.1. Market Size & Forecast by Value, 2017-2027
5.1.1. By Value (USD Billion)
5.1.2. By Volume (Units)
5.2. Market Share & Forecast
5.2.1. By System
5.2.1.1. Adaptive Cruise Control (ACC)
5.2.1.2. Autonomous Park Assist
5.2.1.3. Blind Spot Detection
5.2.1.4. Driver Monitoring
5.2.1.5. Front Lighting
5.2.1.6. Automatic Emergency Braking
5.2.1.7. Night Vision
5.2.1.8. Forward Collision Warning
5.2.1.9. Lane Departure Warning
5.2.1.10. Park Assist
5.2.1.11. Surround View System
5.2.1.12. Road Sign Recognition
5.2.1.13. Tire Pressure Monitoring System
5.2.2. By Sensor
5.2.2.1. LiDAR
5.2.2.2. Infrared
5.2.2.3. Ultrasonic
5.2.2.4. RADAR
5.2.2.5. Image Sensor
5.2.3. By Vehicle
5.2.3.1. Passenger Cars
5.2.3.2. Light Commercial Vehicle (LCV)
5.2.3.3. Heavy Commercial Vehicle (HCV)
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. Latin America
5.2.4.5. Middle East and Africa
6. North America Advanced Driver Assistance Systems (ADAS) Market
6.1. Market Size & Forecast by Value, 2017-2027
6.1.1. By Value (USD Billion)
6.1.2. By Volume (Units)
6.2. Market Share & Forecast
6.2.1. By System
6.2.2. By Sensor
6.2.3. By Vehicle
6.2.4. By Country
6.2.4.1. United States
6.2.4.2. Canada
7. Europe Advanced Driver Assistance Systems (ADAS) Market
7.1. Market Size & Forecast by Value, 2017-2027
7.1.1. By Value (USD Billion)
7.1.2. By Volume (Units)
7.2. Market Share & Forecast
7.2.1. By System
7.2.2. By Sensor
7.2.3. By Vehicle
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. United Kingdom
7.2.4.3. Italy
7.2.4.4. France
7.2.4.5. Spain
7.2.4.6. Rest of Europe
8. Asia Pacific Advanced Driver Assistance Systems (ADAS) Market
8.1. Market Size & Forecast by Value, 2017-2027
8.1.1. By Value (USD Billion)
8.1.2. By Volume (Units)
8.2. Market Share & Forecast
8.2.1. By System
8.2.2. By Sensor
8.2.3. By Vehicle
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. South Korea
8.2.4.6. Rest of Asia Pacific
9. Latin America Advanced Driver Assistance Systems (ADAS) Market
9.1. Market Size & Forecast by Value, 2017-2027
9.1.1. By Value (USD Billion)
9.1.2. By Volume (Units)
9.2. Market Share & Forecast
9.2.1. By System
9.2.2. By Sensor
9.2.3. By Vehicle
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Mexico
9.2.4.3. Argentina
9.2.4.4. Rest of Latin America
10. Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market
10.1. Market Size & Forecast by Value, 2017-2027
10.1.1. By Value (USD Billion)
10.1.2. By Volume (Units)
10.2. Market Share & Forecast
10.2.1. By System
10.2.2. By Sensor
10.2.3. By Vehicle
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. Turkey
10.2.4.3. UAE
10.2.4.4. South Africa
10.2.4.5. Rest of Middle East & Africa
11. Competitive Landscape
11.1. List of Key Players and Their Offerings
11.2. Market Share Analysis, 2020
11.3. Competitive Benchmarking, By Operating Parameters
12. Impact of Covid-19 on Advanced Driver Assistance Systems (ADAS) Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
13.1. Robert Bosch
13.2. ZF Friedrichshafen
13.3. Denso
13.4. Aptiv
13.5. Brentwood Industries Inc.
13.6. Enexio
13.7. Intel
13.8. NVIDIA
13.9. Continental
13.10. Valeo
13.11. Hella
13.12. Magna
13.13. Samsung
13.14. Aisin Seiki Co. Ltd.
13.15. Delphi Technologies
13.16. Harman International
13.17. NXP Semiconductor
13.18. Panasonic Corporation
13.19. Hyundai Mobis
13.20. Other Prominent Players
14. Key Strategic Recommendations
List of Figures
Fig 1: Global Advanced Driver Assistance Systems (ADAS) Segmentation
Fig 2: Global Advanced Driver Assistance Systems (ADAS) Market Value Chain Analysis
Fig 3: Company Market Share Analysis, 2020
Fig 4: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 5: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 6: Global Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 7: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 8: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 9: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Region, By Value, 2017-2027
Fig 10: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 11: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 12: North America Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 13: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 14: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 15: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027
Fig 16: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 17: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 18: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 19: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 20: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 21: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027
Fig 22: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 23: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 24: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 25: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 26: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 27: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027
Fig 28: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 29: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 30: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 31: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 32: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 33: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027
Fig 34: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027
Fig 35: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027
Fig 36: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027
Fig 37: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027
Fig 38: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027
Fig 39: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027
List of Table
Table 1: Global Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 2: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 3: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 4: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Region, By Value, 2017-2027
Table 5: North America Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 6: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 7: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 8: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027
Table 9: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 10: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 11: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 12: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027
Table 13: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 14: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 15: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 16: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027
Table 17: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 18: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 19: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 20: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027
Table 21: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027
Table 22: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027
Table 23: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027
Table 24: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027
Table 25: Robert Bosch Financial Analysis
Table 26: ZF Friedrichshafen Financial Analysis
Table 27: Denso Financial Analysis
Table 28: Aptiv Financial Analysis
Table 29: Brentwood Industries Inc Financial Analysis
Table 30: Enexio Financial Analysis
Table 31: Intel Financial Analysis
Table 32: NVIDIA Financial Analysis
Table 33: Continental Financial Analysis
Table 34: Valeo Financial Analysis
Table 35: Hella Financial Analysis
Table 36: Magna Financial Analysis
Table 37: Samsung Financial Analysis
Table 38: Aisin Seiki Co. Ltd. Financial Analysis
Table 39: Delphi Technologies Financial Analysis
Table 40: Harman International Financial Analysis
Table 41: NXP Semiconductor Financial Analysis
Table 42: Panasonic Corporation Financial Analysis
Table 43: Hyundai Mobis Financial Analysis

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Robert Bosch
  • ZF Friedrichshafen
  • Denso
  • Aptiv
  • Intel
  • NVIDIA
  • Continental
  • Valeo
  • Hella
  • Magna
  • Samsung
  • Aisin Seiki Co. Ltd.
  • Delphi Technologies
  • Harman International
  • NXP Semiconductor

Methodology

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