According to a new market report published by Lucintel, the future of the global automotive ADAS market looks promising with opportunities in mid-size cars, large cars, SUVs, and crossovers. The global automotive ADAS market is expected to reach an estimated $29.7 billion by 2022 and it is forecast to grow at a CAGR of 21.1% from 2017 to 2022. The major drivers of growth for this market are increasing production of premium and luxury vehicles, advancement in the automotive electronics, stringent government regulations to reduce road fatalities, and increasing collaboration between OEM and ADAS suppliers to develop low-cost driver assistance systems.
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In this market, automatic emergency braking system, forward collision warning, adaptive cruise control, blind spot detection, lane departure warning, parking assistance system, pedestrian detection system, traffic sign recognition, night vision, and driver drowsiness detection are some of the major segments of the automotive ADAS market. On the basis of its comprehensive research, Lucintel forecasts that the adaptive cruise control, night vision and driver drowsiness detection segments will show above average growth during the forecast period.
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Radar, camera, sensor fusion, LIDAR, infrared, and ultrasonic are the major segments of the automotive ADAS market by technology. Camera technology is expected to show above average growth during the forecast period.
North America is expected to remain the largest market due to high luxury and premium car production, government NCAP rating for safety features in vehicles, and increasing investment by the industry players within the North America region.
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Asia Pacific and North America are expected to witness significant growth over the forecast period because of rapidly increasing demand for ADAS products from OEMs.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of fusion sensor technology in ADAS products and the development of adaptive cruise control with eHorizon and development of X2 safe intelligent algorithm. ZF TRW Automotive Holdings Corporation, Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, and Denso Corporation are the major ADAS suppliers in the global automotive ADAS market.
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The study includes a forecast for the global automotive ADAS market by product, technology, vehicle type, end user, and region, as follows:
By Product ($ Million and Thousand Units from 2011 to 2022)
- Automatic Emergency Braking System (AEBS)
- Forward Collision Warning (FCW)
- Adaptive Cruise Control (ACC)
- Blind Spot Departure (BSD)
- Lane Departure Warning (LDW)
- Parking Assistance System (PAS)
- Pedestrian Detection System (PDS)
- Traffic Recognition System (TSR)
- Night Vision (NV)
- Driver Drowsiness Detection (DDD)
By Technology ($ Million and Thousand Units from 2011 to 2022)
- Sensor Fusion
By Vehicle Type ($ Million and Thousand Units from 2011 to 2022)
- Large Car
- SUV and Crossover
- Mid-size Car
By End User ($ Million and Thousand Units from 2011 to 2022)
By Region ($ Million and Thousand Units from 2011 to 2022)
- North America
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
This 325-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at firstname.lastname@example.org.
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