The growing demand for safe and efficient vehicles, coupled with a rise in government initiatives regarding safety features provided in vehicles, is stimulating market growth.
Market Size – USD 24.05 Billion in 2019, Market Growth – CAGR of 21.9%, Market Trends – Global expansion of the automotive industry and growing demand for premium cars with an in-built ADAS system.
The Global Advanced Driver Assistance Systems (ADAS) Market is projected to reach USD 118.03 billion in 2027. The continual development in the vehicle autonomy and automotive electronics sensor system applications & technology, the rising concern for passenger safety while in the vehicle, increasing demand for higher degree of automation in automobiles, higher demand for the nextgen concept cars from the high-earning consumers and increasing use of sensor systems in hybrid, semi hybrid & electric cars are the factors effectively boosting the demand of the Advanced Driver Assistance Systems (ADAS) market.
Usage of the sensor systems has been enormous in all the segments of automotive. Advanced sensory or the driver assistance systems are being incorporated in almost all the parts of a vehicle. Chassis, clutch, engines, transmission, brakes, control, dashboard and safety systems are some of the constituents where a high number of ADAS equipment are being installed. Apart from monitoring the speed, pressure, position, gas, outer ambience, and temperature inside the engine, the ADAS equipment are used for safe & efficient operations of the powertrains.
The surging demand for autonomous vehicles has created plenty of opportunities for leading automakers like Tesla, Toyota, Honda, and others. These industry players are implementing the ADAS in their fully autonomous and semi-autonomous vehicles at large. The continuous development and implementation of ADAS as a key safety feature and extensive investment in R&D are poised to reinforce Advanced Driver Assistance System market trends through 2027.
Key players in the market include:
Robert Bosch, Valeo S.A., Hyundai Mobis, Visteon, Faurecia, Samsung, Intel, Mobileye, Waymo, Microsoft, Magna International, Denso, Veoneer, Continental AG, ZF Friedrichshafen, Aptiv, and Atmel Corporation, among others.
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For the purpose of this study, Reports and Data have segmented the Advanced Driver Assistance Systems (ADAS) Market on the basis of System, Component, Type, Vehicle, Propulsion, and Region:
System Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Component Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Vehicle Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Propulsion Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Further key findings from the report suggest:
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Advanced Driver Assistance Systems (ADAS) Market Segmentation & Impact Analysis
4.1. Advanced Driver Assistance Systems (ADAS) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market driver’s analysis
4.2.2.1. Government regulations related to safety of the vehicle
4.2.2.2. Increasing demand for safe and efficient vehicles
4.2.2.3. Rising demand for luxury or premium cars
4.2.3. Market restraints analysis
4.2.3.1. Unavailability of needed infrastructure
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
Chapter 5. Advanced Driver Assistance Systems (ADAS) Market By Systems Insights & Trends
5.1. Systems Dynamics & Market Share, 2019 & 2027
5.2. Adaptive Cruise Control
5.2.1. Market estimates and forecast, 2017 – 2027 (USD Billion) (Million Units)
5.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion) (Million Units)
5.3. Adaptive Front Light
Continued…!
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