Dallas - March 17, 2022 /MarketersMEDIA/ —
ADAS or Advanced Driver Assistance Systems warns the driving force of risky road conditions or creating driver’s expertise easier, snug and most significantly safe. These ADAS are applications like lane-keep help, spot observation, and forward collision warning. The chief drawback in commutation by human drivers with computer science is that of machine perception.
The global ADAS market size is projected to reach USD 81.14 billion by 2025. The factors that are driving the ADAS market include increasing importance of safety features for automotive consumers. As most of the accidents took place due to a lack of concentration or drivers’ distraction. According to a report published by The Third Global Status on Road Safety 2015, the number of road traffic deaths nearly touched 1.2 million. The government regulatory authorities and OEMs have taken strict actions to improve transportation by addressing key challenges like traffic congestion, road accidents and cost of transportation.
With the vigorous growth in digital-data sources in vehicles, wireless networks have a vital role to play in in-vehicle as well as external connectivity. Besides that, with critical systems like anti-lock braking systems and tire-pressure monitoring, wireless options offer greater flexibility for standard automotive communications protocols such as XCP, CAN and FlexRay among others.
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The Global ADAS market has strong competition among the well-established and new emerging players. These players aim to gain an edge over the other players by including more coverage to travelers in a travel insurance policy.
Apart from removing cables and wires, the evolution of highly integrated wireless devices offers a flexible foundation for services which help drivers stay informed about traffic conditions, vehicle status, and alternative routes. Key trends like the Internet of Things (IoT) and automated predictive maintenance systems promise to link smart devices within vehicles with the help of cloud-based applications.
On the geographical front, the major market comes under North America, Europe, Asia Pacific, Latin America, and MEA. In 2018, North America dominated the market with a value of USD 5.72 Billion with a positive CAGR. After the 2009 recession, the United States has registered significant car sales, indicating an optimistic growth prospect for the automotive sector. This has majorly driven the U.S. market. The U.S and Canadian automotive industry are closely linked due to the Automotive Products Trade Agreement, along with the North American Free Trade Agreement (NAFTA), which in turn thriving the market in this region.
On the basis of the system, the market is divided into Adaptive Cruise Control (ACC), Adaptive Front Light (AFL), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Cross Traffic Alert (CTA), Driver Monitoring System (DMS), Forward Collision Warning (FCW), Park Assist (PA), Lane Departure Warning (LDW), Night Vision System (NVS), Pedestrian Detection System (PDS), Road Sign Recognition (RSR), Traffic Jam Assist (TJA) and Ecall. Forward Collision Warning has dominated the system segment by occupying 5.71% out of total share. But, forward-collision warning systems still have issues while detecting objects when a vehicle is driving at high speed. This could be rectified with better sensors and software.
The major players of global ADAS market include Continental, Bosch, Denso, Delphi, TRW Automotive, BMW, Mobileye, Hitachi Automotive, Valeo, Magna International, and others.
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Segment overview of Global ADAS Market
Sensors Overview, 2015-2025 (USD Billion)
Ultrasonic
Radar
Lidar
Camera
System Overview, 2015-2025 (USD Billion)
Adaptive Cruise Control (ACC)
Adaptive Front Light (AFL)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Cross Traffic Alert (CTA)
Driver Monitoring System (DMS)
Forward Collision Warning (FCW)
Park Assist (PA)
Lane Departure Warning (LDW)
Night Vision System (NVS)
Pedestrian Detection System (PDS)
Road Sign Recognition (RSR)
Traffic Jam Assist (TJA)
Ecall
Vehicle Type Overview, 2015-2025 (USD Billion)
PC
LCV
HCV
Component Overview, 2015-2025 (USD Billion)
Hardware
Software
Regional Overview, 2015-2025 (USD Billion)
North America
U.S.
Canada
Europe
France
UK
Germany
Italy
Russia
Rest of Europe
Asia Pacific
India
Japan
China
Australia
Rest of APAC
Central & South America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Major points from Table of Contents:
Chapter 1 Executive Summary
Chapter 2 Research Approach & Methodology
Chapter 3 Market Outlook
Chapter 4 Global ADAS Market Overview, By Sensors
Chapter 5 Global ADAS Market Overview, By System
Chapter 6 Global ADAS Market Overview, By Vehicle Type
Chapter 7 Global ADAS Market Overview, By Component
Chapter 8. Global ADAS Market Overview, By Region
Chapter 9 Industry Structure
Chapter 10 Company Profiles
Chapter 11 Future Outlook of the Market
Chapter 12 Conclusions and Recommendations
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Organization: Adroit Market Research
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