The Global Advanced Driver Assistance Systems Market Report is a compilation of comprehensive research studies of various aspects of the Advanced Driver Assistance Systems Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Advanced Driver Assistance Systems market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Advanced Driver Assistance Systems market and how they will evolve in the years to come.
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Global advanced driver assistance systems market is expected to grow at a CAGR of 17.4% by 2030.. Key Players: AISIN SEIKI Co., Ltd., Continental AG, DENSO CORPORATION, HYUNDAI MOBIS, MAGNA International Inc., Mobileye, NVIDIA Corporation, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, Robert Bosch GmbH, Texas Instruments Incorporated and VALEO, ZF Friedrichshafen AG, amongst others.
The advancement in embedded systems technology is helping numerous industries to reduce the number of hazards, thereby saving countless human lives. The automobile industry is one of the major benefactors. Electronics systems that assist a driver in making informed decisions are termed as advanced driver-assistance systems (ADAS). ADAS mainly comprises of microcontrollers, electronic control units and power semiconductor components. Automobile companies around the globe are constantly on the lookout for the incorporation of advanced driver assistance systemsthese systems in the new generation vehicles.
Based on the type of the system, the global advanced driver assistance systems market can be divided into adaptive cruise control system, tire pressure monitoring system, drowsiness monitor system, automated parking, blind spot object detection system, traffic sign recognition, automated emergency braking, lane departure warning system and adaptive front-lighting system, amongst others. Adaptive cruise control systems aid a driver to alter the vehicle speed depending on the traffic conditions. In areas with reduced traffic, the vehicle speed can be pre-set, which further helps in decreasing the fuel consumption in fossil fuel-based cars. These systems hold the highest share in the global advanced driver assistance systems market, with a total revenue of 6,072.16 as of 2018. In Honda Odyssey, for example, cruise control can be set once you reach a minimum speed of around 40 kmph. However, traffic sign recognition systems are expected to grow the maximum till 2027, with a CAGR of 20.6%. The development of smart cities that demand advanced traffic controls to reduce vehicle congestion is major reason for the expected growth.
Sensors are complicated devices that help in the monitoring of various types of signals, like optical and electrical signals. A wide range of sensors are being used in advanced driver assistance systems. Based on the sensor type, the global advanced driver assistance systems market can be segmented into light detection and ranging (LIDAR), image sensors, ultrasonic sensors, radio detection and ranging (RADAR), laser, and others. Image sensors help in the identification of other vehicles, pedestrians, obstacles, traffic signals, lane divisions, etc. The captured images are then processed by backend software. The results are then used for making informed decisions in applications like automatic emergency braking, lane departure warning, driver awake and alert monitoring, blind-spot alerts, etc. As many applications are highly dependent on these sensors, the image sensors capture 28.82% of the total market share in the sensors segment. A total revenue of US$ 6,996.15 is obtained from image sensors. During the forecast years, LIDAR systems are expected to show the maximum growth, with a CAGR of 20.9%. The higher precision and accuracy offered by LIDAR in object detection and identification is expected to drive its growth.
As far as the geographical regions are concerned, advanced driver assistance systems find the maximum adoption in the European countries. A total revenue of US$ 8,669.38 is obtained from the European region. This is 35.72% of the total share in the global advanced driver assistance systems market. There is a greater awareness among individuals regarding electrical vehicle’s potential to reduce global carbon dioxide emissions. Electric vehicles are widely incorporating advanced driver assistance systems. Tesla, Inc. can be used a prime example of this. The maximum growth during the forecast years is expected in the APAC region, with a CAGR of 19.3%. The presence of automobile giants such as Toyota Motor Corporation, Honda Motor Company, Ltd., Nissan Motor Co., Ltd., etc. in the region, coupled with higher emphasis on advanced driver assistance systems will drive the growth of the APAC ADAS systems market
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Advanced Driver Assistance Systems Market:
- By System
- Adaptive Cruise Control System
- Tire Pressure Monitoring System
- Drowsiness Monitor System
- Automated Parking
- Blind Spot Object Detection System
- Traffic Sign Recognition
- Automated Emergency Braking
- Lane Departure Warning System
- Adaptive Front-lighting System
- Others
- By Sensor Type
- Lidar
- Image
- Ultrasonic
- Radar
- Laser
- Others
- By Vehicle
- Passenger Cars
- Trucks
- Buses
- By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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