GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2019-2027
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GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2018-2026
MARKET OVERVIEW • The segmentation of the Global Advanced Driver Assistance Systems (ADAS) market is done on the basis of vehicle type, sensor type and solutions. •
Vehicle type segment includes heavy commercial, passengers, and light commercial vehicles. ADAS sensor types include ultrasonic, image, laser, infrared, and LiDAR sensors.
• Market by solutions includes adaptive front lighting systems, parking assistance system, blind spot detection, collision warning systems, advanced emergency braking system, electronic stability control, traffic sign recognition systems, driver drowsiness detection, lane departure warning systems, tire pressure monitoring system, adaptive cruise control, and other solutions.
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KEY FINDINGS
• Advanced driver assistance systems (ADAS) are used to provide an intelligent driving experience for the driver. • The Global advanced driver assistance system (ADAS) market is expected to evolve with a CAGR of 19.01% over the forecast years of 20182026.
INTRODUCTION Global Advanced driver assistance system (ADAS) market by Component type, by Sensor & by geography.
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NORTH AMERICA ADVANCED DRIVER ASSISTANCE (ADAS) MARKET • The growing demand for luxury cars, increase in fleet operations across the region and the need to comply with the government standards of driving systems have created a huge demand for ADAS in the North American region. • As a result, the North America advanced driver assistance system (ADAS) market is slated to showcase a CAGR of 17.60% for the forecast period of 2018-2026.
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EUROPE ADVANCED DRIVER ASSISTANCE (ADAS) MARKET • In its 2013 protocol, the Euro NCAP announced the assessment of certain types of ADAS, such as electronic stability control, lane departure warning, lane keeping assist, automatic emergency braking, pedestrian protection systems etc., to qualify for vehicle safety rating. • This serves as a driving factor to create a market for ADAS in Europe. • Over the forecast years of 2018-2026, the Europe advanced driver assistance system (ADAS) market is likely to exhibit a CAGR of 20.41%.
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ASIA PACIFIC ADVANCED DRIVER ASSISTANCE (ADAS) MARKET • In the light of upcoming regulations and high luxury car sales, the market for ADAS in Asia-Pacific is set to register a growth of 19.51% for the forecast period of 2018-2026. • The improving socio-economic conditions in India, Thailand and Indonesia have created demand for premium segment passenger cars, thereby increasing the demand for ADAS in these countries.
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COMPETITIVE INSIGHTS Companies like Aptiv (Delphi Automotive Plc), Aisin Seiki Co Ltd, Autoliv Inc, Continental Ag, Hella Kgaa Hueck & Co, Denso Corporation, Hyundai Mobis, Magna International Inc, Infineon Technologies Ag, Mobileye N.V, Panasonic Corporation, Nxp Semiconductor, Renesas Electronics Corporation, Samvardhana Motherson (Smr), Robert Bosch Gmbh, Takata, Valeo S.A, Texas Instruments Wabco Holdings Inc, and Zf Trw are established in the global ADAS market.
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