Automotive ADAS market will register a 26.8% CAGR in terms of revenue, the global market size will reach US$ 36000 million by 2024, from US$ 11000 million in 2019.
Automotive ADAS are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to enhance comfort levels and ensure safety and security on road is the majorly growing trend within the automobile sector. The implementation of ADAS has been considered as a revolution as it provides dynamic features such as adaptive.
Parking Assist Systems is expected to lead the global ADAS market. In 2015, parking assist systems held the largest share in the market owing to the development of the partial and fully autonomous cars. This system helps the driver to safely park the cars in the exhaustive and challenging situation by giving a full perspective of the vehicle back side including the blind spots. From the one that would help demonstrate the driver of any possible collisions while parking, park assist systems have evolved into one what would park the vehicle without any intervention from the driver?s side. Ford Global Technologies and Bosch are the major players that own most of the patents related to the park assist technology.
The demand for luxury vehicles, increased adoption from the automotive sector, stringent government regulations and accelerating the need for road safety systems are the major drivers for the market growth. Conversely, factors inhibiting the market growth software failure in sensors, the high cost of the equipment and intensive competition.
In particular, this report presents the global revenue market share of key companies in Automotive ADAS business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Automotive ADAS market by product type, application, key companies and key regions.
This study considers the Automotive ADAS value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
- Adaptive Cruise Control (ACC)
- Lane Departure Warning (LDW) System
- Blind Spot Detection
- Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
- Passenger Car
- LCV
- HCV
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
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| Automotive ADAS |
Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Charts
– Research Methodology
– Table of Contents
– List of Tables & Figures
– Charts
– Research Methodology
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Continental Ag
- Delphi Automotive PLC
- Robert Bosch Gmbh
- Aisin Seiki Co. Ltd.
- Denso Corporation
- Trw Automotive Holdings Corp.
- Mobileye NV
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Automotive ADAS market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Automotive ADAS market by identifying its various subsegments.
- Focuses on the key global Automotive ADAS players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Automotive ADAS with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Automotive ADAS submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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