Global Advanced Driver Assistance Systems Adas Market Bwc19160

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Global Advanced Driver Assistance Systems (ADAS) Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By System (Adaptive Cruise Control (ACC), Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Front Lighting, Automatic Emergency Braking, Night Vision, Forward Collision Warning, Lane Departure Warning, Park Assist, Surround View System, Road Sign Recognition, and Tire Pressure Monitoring System), By Sensor (LiDAR, Infrared, Ultrasonic, RADAR, and Image Sensor), By Vehicle (Passenger Cars, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), By Region (North America, Europe, the Asia Pacific, the Middle East & Africa and Latin America)

Published Date: January 2022
Report ID: BWC19160
Available Format: PDF
Page: 201

Report Overview

The increasing demand for a safe, efficient, and convenient driving experience as well as the rising demand for luxury vehicles across the globe are the key factors driving the growth of the global ADAS market. Furthermore, government regulations that aim to minimize road accidents and loss of passenger lives, is favoring the market’s growth.

Global Advanced Driver Assistance Systems (ADAS) Market- Industry Trends & Forecast Report 2027

The global advanced driver assistance systems (ADAS) market reached USD 24.7 billion by 2020 and is expected to reach USD 54.2 billion by 2027, with a CAGR of 12.0% during forecast period (2021-2027). Increasing government regulations, the rising level of technological innovations, and the growing demand for self-driving cars have raised the demand for driver safety and assistance systems over the past decade. Additionally, growing safety concerns have contributed to market growth, as the number of road accidents is constantly rising, especially in developing countries. Globally, governments and policymakers are also working to reduce the number of fatalities caused by road accidents, which in turn is driving the global advanced driver assistance systems market.

Global ADAS Market

Source: BlueWeave Consulting

Global Advanced Driver Assistance Systems ADAS Overview

Advanced driver assistance system (ADAS) is a set of electronic systems used in vehicles to deliver an intelligent and comfortable driving experience. They are used in vehicles that use advanced technologies to assist the driver. ADAS may include several active safety features. That’s why the terms “ADAS” and “active safety” are often used interchangeably. ADAS detects the environment around the vehicle using sensors such as radar and cameras. This device provides information to the driver based on its perception and takes automatic actions based on what it perceives.

Global Advanced Driver Assistance Systems ADAS Market Trend

Growth Drivers

Growing Concern Over Safety of Driver and Vehicle

Safety features designed to enhance the safety of drivers, passengers, and pedestrians can contribute significantly to reducing the severity and number of motor vehicle accidents. In order to prevent collisions/accidents, ADAS warns drivers of potential dangers and assists them in maintaining control. Furthermore, it minimizes the severity of an accident if it cannot be avoided. With these cutting-edge technologies, auto manufacturers are designing a wide array of safety and convenience features to appeal to consumers, which is, in turn, driving the global market for ADAS.

Penetration of Electric and Hybrid Vehicle

The shift from conventional vehicles to electric and hybrid vehicles is aiding the growth of the global advanced driver assistance systems market. Additionally, consumers’ preference for electric and hybrid vehicles because of their advanced features, such as energy efficiency, advanced electronic systems, and zero direct carbon emission, would further propel the market forward. Therefore, the leaders in the global automobile market are investing heavily in the development of high-end hybrid cars. There are also many governments around the world that are enforcing regulations to reduce carbon emissions, which is leading to greater adoption of electric and hybrid vehicles. Furthermore, consumer demand for advanced parking assistance, head-up displays, and powerful infotainment system technologies are driving the growth of the advanced driver assistance systems market globally.

Restraints

The Lack of Required Infrastructure in Developing Countries

The lack of basic infrastructures, such as well-organized highways, lane marking, and GPS availability in developing countries is making ADAS ineffective. Additionally, unorganized and poor infrastructure in developing countries, combined with cost considerations, and poor driver training/driving discipline, are stymying the growth of the advanced driver assistance systems market. Also, the high costs of these advanced systems due to huge R&D investments in their development, raise the vehicle’s production cost, further restraining the growth of the global ADAS market.

Impact of COVID-19

COVID-19 has had a negative impact on the global advanced driver assistance systems market as it stalled the development of several industries, including the automotive industry which is one of the key end-users of ADAS. Additionally, nationwide lockdowns had a negative effect on vehicle sales, supply chain, and logistics, which in turn had stifled the growth of the ADAS sector. As soon as the World Health Organization (WHO) declared the novel coronavirus as a pandemic, countries across the globe were compelled to implement a nationwide lockdown to prevent the spread of coronavirus. The lockdown restrictions hindered the growth of the global ADAS market by negatively impacting vehicle sales, logistics, and supply chains. Moreover, as a result of the pandemic's impact on China, Japan, and India, the advanced driver assistance systems market in the Asia-Pacific region was severely impacted. Moreover, as a result of the massive spread of COVID-19, around 96% of the German automotive industry was forced to place its workforce on a temporary suspension.

Global Advanced Driver Assistance Systems (ADAS) Market: By System

Based on systems, the advanced driver assistance systems market is segmented into adaptive cruise control, autonomous parking assist, blind-spot detection, driver monitoring, front lighting, automatic emergency braking, night vision, forward collision warning, lane departure warning, surround view system, traffic sign recognition, and tire pressure monitoring system. Among them, adaptive cruise control (ACC) system is dominating the global advanced driver assistance systems market.

ACC is an intelligent form of cruise control that automatically controls a vehicle’s acceleration and braking. ACC slows down and speeds up automatically to keep pace with the car in front of the vehicle. As a result, it improves driver safety and helps prevent fatal road accidents. ACC will be a critical component of the self-driving cars of the near future.

Global Advanced Driver Assistance Systems (ADAS) Market: By Sensor

Based on sensors, the global advanced driver assistance systems market can be grouped into LiDAR, infrared, ultrasonic, RADAR, and image sensor. The Radio Detection and Ranging (RADAR) segment is likely to dominate the ADAS market over the forecast period. A key attribute that is projected to drive demand in this segment is the ability to penetrate fog, clouds, snow, and insulators. These sensors are also capable of preventing accidents caused by drivers’ error, drowsiness, or distraction, which in turn is driving the growth of the globally advanced driver assistance system market. Furthermore, LiDAR sensors are anticipated to gain high traction over the forecast period due to their vital role in self-driving cars.

Advanced Driver Assistance Systems Market

Source: BlueWeave Consulting

Global Advanced Driver Assistance Systems (ADAS) Market: Regional Insights

Geographically, the advanced driver assistance systems market is categorized into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America leads the global ADAS industry and is projected to dominate the market during the forecast period. The growth is mainly driven by the presence of major players, technological advancements, better infrastructure facilities for manufacturing, enhanced economic condition, and rapid penetration and mass adoption of ADAS by the original equipment manufacturers (OEMs) and customers. Additionally, the Asia-Pacific is likely to be the fastest-growing region over the forecast period owing to the increase in the number of luxury vehicles, technological advancements, and rising urbanization rates, which are positively influencing the market.

Competitive Landscape

Some of the key players in the global ADAS market are Robert Bosch, ZF Friedrichshafen, Denso, Aptiv, Brentwood Industries Inc., Enexio, Intel, NVIDIA, Continental, Valeo, Hella, Magna, Samsung, Aisin Seiki Co. Ltd, Delphi Technologies, Harman International, NXP Semiconductor, Panasonic Corporation, Hyundai Mobis, and other prominent Players. In order to improve their production capability, product portfolio, and provide competitive differentiation, the market players are increasingly participating in acquisitions, alliances, and mergers.

Recent Development

On 11 January 2021, Aptiv introduced next-gen ADAS platform for highly automated and electrified vehicles. The open and scalable ADAS framework, which is part of Aptiv’s Smart Vehicle Architecture, helps the software-defined vehicle minimize complexity and lower overall system costs.
On 9 January 2021, NIO, a market leader in China’s premium smart electric vehicle market, entered into a partnership with American multinational technological company NVIDIA to develop a new generation of electric vehicles using NVIDIA DRIVE Orin system-on-a-chip (SoC) to offer advanced automated driving capabilities. NIO aims to make smart, high-performance electric vehicles more acceptable to consumers.

Scope of the Report:

Attribute	Details
Years Considered	Historical data – 2017-2020
	Base Year – 2020
	Forecast – 2021 – 2027
Facts Covered	Revenue in USD Billion
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabia
Product/Service Segmentation	By system, vehicle type, sensor, and region
Key Players	Robert Bosch, ZF Friedrichshafen, Denso, Aptiv, Brentwood Industries Inc., Enexio, Intel, NVIDIA, Continental, Valeo, Hella, Magna, Samsung, Aisin Seiki Co. Ltd, Delphi Technologies, Harman International, NXP Semiconductor, Panasonic Corporation, Hyundai Mobis, Other Prominent Players.

By System

Adaptive Cruise Control (ACC)
Autonomous Park Assist
Blind Spot Detection
Driver Monitoring
Front Lighting
Automatic Emergency Braking
Night Vision
Forward Collision Warning
Lane Departure Warning
Park Assist
Surround View System
Road Sign Recognition
Tire Pressure Monitoring System

By Sensor

LiDAR
Infrared
Ultrasonic
RADAR
Image Sensor

By Vehicle

Passenger Cars
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV

By Region

The Asia-Pacific
North America
Europe
The Middle East & Africa
Latin America

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumption & Limitation
Executive Summary
Global Advanced Driver Assistance Systems (ADAS) Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
  2. Restraints
  3. Opportunities
  4. Challenges
3. Recent Development
4. Government Regulations
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Advanced Driver Assistance Systems (ADAS) Market Overview
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
    1. Adaptive Cruise Control (ACC)
    2. Autonomous Park Assist
    3. Blind Spot Detection
    4. Driver Monitoring
    5. Front Lighting
    6. Automatic Emergency Braking
    7. Night Vision
    8. Forward Collision Warning
    9. Lane Departure Warning
    10. Park Assist
    11. Surround View System
    12. Road Sign Recognition
    13. Tire Pressure Monitoring System
  2. By Sensor
    1. LiDAR
    2. Infrared
    3. Ultrasonic
    4. RADAR
    5. Image Sensor
  3. By Vehicle
    1. Passenger Cars
    2. Light Commercial Vehicle (LCV)
    3. Heavy Commercial Vehicle (HCV)
  4. By Region
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East and Africa
North America Advanced Driver Assistance Systems (ADAS) Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
  2. By Sensor
  3. By Vehicle
  4. By Country
    1. United States
    2. Canada
Europe Advanced Driver Assistance Systems (ADAS) Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
  2. By Sensor
  3. By Vehicle
  4. By Country
    1. Germany
    2. United Kingdom
    3. Italy
    4. France
    5. Spain
    6. Rest of Europe
Asia Pacific Advanced Driver Assistance Systems (ADAS) Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
  2. By Sensor
  3. By Vehicle
  4. By Country
    1. China
    2. India
    3. Japan
    4. Australia
    5. South Korea
    6. Rest of Asia Pacific
Latin America Advanced Driver Assistance Systems (ADAS) Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
  2. By Sensor
  3. By Vehicle
  4. By Country
    1. Brazil
    2. Mexico
    3. Argentina
    4. Rest of Latin America
Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market
1. Market Size & Forecast by Value, 2017-2027
  1. By Value (USD Billion)
  2. By Volume (Units)
2. Market Share & Forecast
  1. By System
  2. By Sensor
  3. By Vehicle
  4. By Country
    1. Saudi Arabia
    2. Turkey
    3. UAE
    4. South Africa
    5. Rest of Middle East & Africa
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share Analysis, 2020
3. Competitive Benchmarking, By Operating Parameters
Impact of Covid-19 on Advanced Driver Assistance Systems (ADAS) Market Industry
Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
1. Robert Bosch
2. ZF Friedrichshafen
3. Denso
4. Aptiv
5. Brentwood Industries Inc.
6. Enexio
7. Intel
8. NVIDIA
9. Continental
10. Valeo
11. Hella
12. Magna
13. Samsung
14. Aisin Seiki Co. Ltd.
15. Delphi Technologies
16. Harman International
17. NXP Semiconductor
18. Panasonic Corporation
19. Hyundai Mobis
20. Other Prominent Players
Key Strategic Recommendations

List of Figures

Fig 1: Global Advanced Driver Assistance Systems (ADAS) Segmentation

Fig 2: Global Advanced Driver Assistance Systems (ADAS) Market Value Chain Analysis

Fig 3: Company Market Share Analysis, 2020

Fig 4: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 5: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 6: Global Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 7: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 8: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 9: Global Advanced Driver Assistance Systems (ADAS) Market Share, By Region, By Value, 2017-2027

Fig 10: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 11: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 12: North America Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 13: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 14: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 15: North America Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027

Fig 16: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 17: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 18: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 19: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 20: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 21: Europe Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027

Fig 22: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 23: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 24: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 25: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 26: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 27: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027

Fig 28: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 29: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 30: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 31: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 32: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 33: Latin America Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027

Fig 34: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Value (USD Billion), 2017-2027

Fig 35: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Volume (Units), 2017-2027

Fig 36: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By System, By Value, 2017-2027

Fig 37: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Sensor, By Value, 2017-2027

Fig 38: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Vehicle, By Value, 2017-2027

Fig 39: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Share, By Country, By Value, 2017-2027

List of Table

Table 1: Global Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 2: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 3: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 4: Global Advanced Driver Assistance Systems (ADAS) Market Size, By Region, By Value, 2017-2027

Table 5: North America Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 6: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 7: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 8: North America Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027

Table 9: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 10: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 11: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 12: Europe Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027

Table 13: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 14: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 15: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 16: Asia-Pacific Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027

Table 17: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 18: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 19: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 20: Latin America Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027

Table 21: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By System, By Value, 2017-2027

Table 22: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Sensor, By Value, 2017-2027

Table 23: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Vehicle, By Value, 2017-2027

Table 24: Middle East & Africa Advanced Driver Assistance Systems (ADAS) Market Size, By Country, By Value, 2017-2027

Table 25: Robert Bosch Financial Analysis

Table 26: ZF Friedrichshafen Financial Analysis

Table 27: Denso Financial Analysis

Table 28: Aptiv Financial Analysis

Table 29: Brentwood Industries Inc Financial Analysis

Table 30: Enexio Financial Analysis

Table 31: Intel Financial Analysis

Table 32: NVIDIA Financial Analysis

Table 33: Continental Financial Analysis

Table 34: Valeo Financial Analysis

Table 35: Hella Financial Analysis

Table 36: Magna Financial Analysis

Table 37: Samsung Financial Analysis

Table 38: Aisin Seiki Co. Ltd. Financial Analysis

Table 39: Delphi Technologies Financial Analysis

Table 40: Harman International Financial Analysis

Table 41: NXP Semiconductor Financial Analysis

Table 42: Panasonic Corporation Financial Analysis

Table 43: Hyundai Mobis Financial Analysis

Market Segmentation

By System

Adaptive Cruise Control (ACC)
Autonomous Park Assist
Blind Spot Detection
Driver Monitoring
Front Lighting
Automatic Emergency Braking
Night Vision
Forward Collision Warning
Lane Departure Warning
Park Assist
Surround View System
Road Sign Recognition
Tire Pressure Monitoring System

By Sensor

LiDAR
Infrared
Ultrasonic
RADAR
Image Sensor

By Vehicle

Passenger Cars
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV

By Region

The Asia-Pacific
North America
Europe
The Middle East & Africa
Latin America

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Frequently Asked Questions (FAQs):

1. What is the current size of the global ADAS market?

Ans: The global ADAS market has reached USD 24.7 billion in 2020.

2. What are the major factors driving the growth of the global ADAS market?

Ans: The major factors driving the growth of the global ADAS market are growing concerns over the safety of driver and vehicle and penetration of electric and hybrid vehicles.

3. Who are the key players in the global ADAS market?

Ans: The key players in the global ADAS market are Robert Bosch, ZF Friedrichshafen, Denso, Aptiv, Brentwood Industries Inc., Enexio, Intel, NVIDIA, Continental, Valeo, Hella, Magna, Samsung, Aisin Seiki Co. Ltd, Delphi Technologies, Harman International, NXP Semiconductor, Panasonic Corporation, Hyundai Mobis, and other prominent players.

4. Which system accounted for the largest share in the global ADAS market?

Ans: Adaptive cruise control system accounted for the largest share in the global ADAS market.

5. Which region growing at a higher rate in the global ADAS market?

Ans: The Asia-Pacific is growing at a higher rate in the global ADAS market.

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