Global Advanced Driver-Assistance System Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Advanced Driver-Assistance System Market is estimated to be USD 32.29 Bn in 2023 and is expected to reach USD 51.56 Bn by 2028 growing at a CAGR of 9.81%.

The Automotive Driver Assistance Systems (ADAS) Market is a rapidly evolving sector within the automotive industry, characterized by a growing demand for advanced safety and convenience features in vehicles. These systems utilize state-of-the-art technologies to assist drivers in various aspects of vehicle operation, including enhancing safety, reducing accidents, and improving overall driving comfort. The market's dynamics are influenced by a combination of factors, including ongoing technological innovations, regulatory mandates, consumer preferences, and the continued development of autonomous driving capabilities.

One of the primary drivers of the ADAS market is the increasing focus on road safety. As modern roadways become more congested and complex, the risk of accidents rises. ADAS technologies, such as adaptive cruise control, lane-keeping assistance, and collision avoidance systems, aim to mitigate these risks by providing real-time assistance to drivers. Governments and regulatory bodies worldwide are mandating the integration of specific ADAS features into new vehicles, further accelerating market growth.

Market Segmentations

• The Global Advanced Driver-Assistance System Market is segmented based on Component, Level of Autonomy, System Type, Electric Vehicle Type, Vehicle Class, and Geography.
• In the ADAS (Automotive Driver Assistance Systems) Market, the component segment constitutes a crucial ecosystem comprising sensors, cameras, and software solutions that harmoniously equip vehicles with advanced safety and convenience features. These components are pivotal in perceiving the vehicle's surroundings detecting obstacles, pedestrians, and traffic conditions. Subsequently, the collected data undergoes processing by sophisticated software, enabling the execution of functions such as adaptive cruise control, lane-keeping assistance, and collision avoidance. This collaboration between hardware and software forms the fundamental core of ADAS, delivering heightened road safety and driving comfort to vehicle occupants, all while contributing to the ongoing development of intelligent and autonomous driving capabilities.

Recent Development

• ArcelorMittal publicly collaborated with the Brazilian Advanced driver-assistance system firm Casa dos Ventos to establish a joint venture under ArcelorMittal Brazil. The partnership aims to advance the Babilonia wind power project, boasting a capacity of 554 MW. This project, situated in the Bahia region of northeast Brazil, will be realized at an estimated cost of USD 800 million. Within the joint venture, ArcelorMittal will possess a majority stake of 55%, while Casa dos Ventos will retain the remaining ownership share. - April 2023

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Aisin Corp, Aptiv, Autoliv, Continental AG, Delphi Technologies, Denso, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Advanced Driver-Assistance System Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Advanced Driver-Assistance System Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Advanced Driver-Assistance System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market