Pulished Date December, 2019
ID: 9050
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Advanced Driver Assistance System Market segmented by Technology Type (Radar, Li-Dar, Camera, UV Sensors and Others), by System Type (Adaptive Cruise Control(ACC), Road Sign Recognition (RSR), Tire Pressure Monitoring Systems (TPMS), Intelligent parking Assistant system (IPAS), Adaptive Front Lighting System(AFL), Night Vision System (NVS), Blind Spot Detection (BSD), Lane Departure Warning System (LWDS)), by Vehicle Type (Passenger Vehicle, Trucks, Busses and Low commercial Vehicles and other types), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size (2019-2024)

Pulished: December, 2019
ID: 9050
Pages: 175

Advanced Driver-Assistance Systems Market Growth Rate:

 Advanced Driver Assistance System market is estimated at USD 34.8 billion in 2019 and is expected to expand at a CAGR of 21.1% to reach USD 107.6 billion by 2024.

Advanced Driver-Assistance Systems Market Overview:

Advanced Driver-Assistance Systems (ADAS) are automated systems that support the driver of the car during driving or while parking. Engineered with a comfortable human-machine interface, these systems are designed to enhance vehicle safety and, more specifically, traffic safety. ADAS systems use electrical hardware like electronic control units (ECUs), microcontroller units (MCUs), and control microprocessor devices.

Recent Developments of Advanced Driver Assistance System Market:

Mitsubishi Electric Corporation, a global market leader, and HERE Technologies jointly implemented an efficient system that allows cars to immediately warn any possible road conditions/hazards with lane-level precision in May of 2019.

Drivers and Restraints of the Advanced Driver Assistance System Market:

Drivers:

  • The increase in demand for Electric cars, luxury vehicles combined with the increased technological developments in the field and is this reason is expected to be a key driver for the Global Advanced Driver Assistance System market during the forecast period.
  • The increased safety standards in many regions are also a significant Driver of Advanced Driver Assistance System market.

Restraints:

  • The problems related to lack of infrastructure combined with security threats as there is a potential problem of hacking into systems and messing with the vehicle controls are significant restraints of the Advanced Driver Assistance System market.
  • The crowded market with constant innovations from crucial players can also be considered as a small restraint to the Advanced Driver Assistance System market as it would be challenging for smaller companies to play the game for market share. 

Market Segmentation:

By System Type:

Based on the System Type, the Global Advanced Driver Assistance System market is segmented into Adaptive Cruise Control(ACC), Road Sign Recognition (RSR), Tire Pressure Monitoring Systems (TPMS), Intelligent parking Assistant system (IPAS), Adaptive Front Lighting System(AFL), Night Vision System (NVS), Blind Spot Detection (BSD), Lane Departure Warning System (LWDS). Out of these, Intelligent Parking Assistance System segment holds the majority of the market share with over 15% in 2019, which can be attributed to the mandatory requirement of installment of IPAS in countries such as China and the U.S. On cars configured with the IPAS, via the in-dash monitor as well as the press controls, the automobile can be steered into a parking place with very little driver intervention. This helps reduces the parking time and avoids any unnecessary accidents, and these advantages are the significant drivers of the IPAS segment of Advanced Driver Assistance System market. 

Also, Road Sign Recognition (RSR) is expected to be the fastest-growing segment, at a CAGR of 24.5%, owing to the increased investments in this segment from top competitors like Audi, Volvo, BMW. This system recognizes and alerts the driver about the road signs and help with the quiet moment of the vehicle. For significant companies, this smoothness is the key to their sale, which can be a growth factor of RSR segment of Advanced Driver Assistance System market.

 By Vehicle Type:

Based on the Vehicle Type, the Global Advanced Driver Assistance System market is segmented into Passenger Vehicle, Trucks, Busses and Low commercial Vehicles and other types. Out of these, Passenger Vehicle is both the largest and the fastest-growing segment that accounted for over 30% in 2019. The section is expected to expand at CAGR of 22.5% during the forecast period of 2019 - 2024 due to the increase in demand for safe and smoother vehicles. The rise in urbanization resulted in increased demand for Luxury passenger cars, which is a significant factor that drives the growth of the Passenger Vehicle segment of Advanced Driver Assistance System Market.

Advanced Driver Assistance System Region-wise analysis:

Based in region, Advanced Driver Assistance System can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific (APAC)
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Saudi Arabia

Geographically, APAC is anticipated to contribute to the largest portion of the Advanced Driver Assistance System market among all the regions. This is due to the increase in the GDP of the region, as a result of increased urbanization, and many people nowadays are willing to buy and afford luxury cars with built-in advanced safety systems.

Key Players of Market:

The key players of the Advanced Driver Assistance System include Autoliv Inc., DENSO Corporation, ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH), NXP Semiconductors, Renesas Electronics Corporation, Delphi Automotive Company, Takata Corporation, Aisin Seiki Co. Ltd., Harman International Industries, Hitachi Ltd. Some other key Players of the Market include Continental AG, Magna International Inc., Valeo, Panasonic Corporation, Texas Instruments, Hyundai Mobis, ZF Friedrichshafen, Mobileye N.V, NVIDIA Corporation, Stonkam Co. Ltd. Many of these key players focused on technological innovations and aggressive market expansion strategies for staying ahead of the competition.

RESEARCH METHODOLOGY:

The research of the Advanced Driver Assistance System market takes place in two phases namely-

Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.

Global Advanced Driver Assistance System Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, a detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is a result of a competitive environment.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Technology                

                              5.1.1 Introduction           

                              5.1.2 Radar        

                              5.1.3 Li-Dar        

                              5.1.4 Camera    

                              5.1.5 UV Sensors             

                              5.1.6 IR sensors

                              5.1.7 Other Technologies             

                              5.1.8 Y-o-Y Growth Analysis        

                              5.1.9 Market Attractiveness Analysis       

                              5.1.11 Market Share Analysis      

               5.2 By System Type                       

                              5.2.1 Introduction           

                              5.2.2 Adaptive Cruise Control(ACC)          

                              5.2.3 Road Sign Recognition (RSR)            

                              5.2.4 Tire Pressure Monitoring Systems (TPMS)  

                              5.2.5 Intelligent parking Assistant system (IPAS) 

                              5.2.6 Adaptive Front Lighting System(AFL)            

                              5.2.7 Night Vision System (NVS) 

                              5.2.8 Blind Spot Detection (BSD)

                              5.2.9 Lane Departure Warning System (LWDS)    

                              5.2.10 Y-o-Y Growth Analysis      

                              5.2.11 Market Attractiveness Analysis    

                              5.2.12 Market Share Analysis      

               5.3 By Vehicle Type                       

                              5.3.1 Introduction           

                              5.3.2 Passenger Cars      

                              5.3.3 Trucks       

                              5.3.4 Busses      

                              5.3.5 Low weight Commercial Vehicles   

                              5.3.6 High Commericial Vehicles

                              5.3.7 Other Vehicles       

                              5.3.8 Y-o-Y Growth Analysis        

                              5.3.9 Market Attractiveness Analysis       

                              5.3.10 Market Share Analysis      

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Technology

                                             6.1.3.3 By System Type

                                             6.1.3.4 By Vehicle Type

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Technology

                                             6.1.4.3 By System Type

                                             6.1.4.4 By Vehicle Type

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Technology

                                             6.1.5.3 By System Type

                                             6.1.5.4 By Vehicle Type

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leader Analysis                                          

               8.1 Autoliv Inc.                

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 DENSO Corporation                

               8.3 Mitsubishi Corp                       

               8.4 ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH)                    

               8.5 NXP Semiconductors                             

               8.6  Renesas Electronics Corporation                     

               8.7 Delphi Automotive Company                             

               8.8 Takata Corporation                 

               8.9 Aisin Seiki Co. Ltd.                   

               8.10 Harman International Industries                     

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by propulsion, by charging station, by  power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Advanced Driver Assistance System Market By Region, From 2019-2024 ( USD Billion )
  2. Global Advanced Driver Assistance System Market By Technology Type, From 2019-2024 ( USD Billion )
  3. Global Radar Market By Region, From 2019-2024 ( USD Billion )
  4. Global Li-Dar Market By Region, From 2019-2024 ( USD Billion )
  5. Global Camera Market By Region, From 2019-2024 ( USD Billion )
  6. Global UV Sensors Market By Region, From 2019-2024 ( USD Billion )
  7. Global Others Market By Region, From 2019-2024 ( USD Billion )
  8. Global Advanced Driver Assistance System Market By System Type, From 2019-2024 ( USD Billion )
  9. Global Adaptive Cruise Control Market By Region, From 2019-2024 ( USD Billion )
  10. Global Road Sign Recognition Market By Region, From 2019-2024 ( USD Billion )
  11. Global Tire Pressure Monitoring System Market By Region, From 2019-2024 ( USD Billion )
  12. Global Intelligent Parking Assistant System Market By Region, From 2019-2024 ( USD Billion )
  13. Global Adaptive Front Lighting System Market By Region, From 2019-2024 ( USD Billion )
  14. Global Night Vision Systems Market By Region, From 2019-2024 ( USD Billion )
  15. Global Blind Spot Detection Market By Region, From 2019-2024 ( USD Billion )
  16. Global Lane Departure Warning System Market By Region, From 2019-2024 ( USD Billion )
  17. Global Advanced Driver Assistance System Market By Vehicle Type, From 2019-2024 ( USD Billion )
  18. Global Passenger Vehicle Market By Region, From 2019-2024 ( USD Billion )
  19. Global Trucks Market By Region, From 2019-2024 ( USD Billion )
  20. Global Buses Market By Region, From 2019-2024 ( USD Billion )
  21. Global Low Commercial Vehicles Market By Region, From 2019-2024 ( USD Billion )
  22. Global Others Market By Region, From 2019-2024 ( USD Billion )

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