This report studies the global Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
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 European Advanced Driver Assistance System market is expected to hold the largest share by 2022 owing to the major driving factors such as matured automotive sector, higher adoption of advanced technology, and high consumer preference for the driver safety and safety regulations. The expansion of European Automotive market will drive the growth of ADAS market After Germany and the UK; the US is expected to be the next emerging country for the global ADAS market. The low-interest rates and growing customer confidence are playing a key role in the increased sales of cars in this region. The new vehicle registrations have in fact surpassed pre-recession levels, indicating a positive growth prospect for the automotive sector in the country.
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.
The global Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) market is valued at 15100 million USD in 2017 and is expected to reach 102200 million USD by the end of 2025, growing at a CAGR of 27.0% between 2018 and 2025.
This research report categorizes the China and global Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) market by type, end-use industry, and region.
International Manufacturers Covered
Delphi Automotive PLC
Robert Bosch Gmbh
Aisin Seiki Co. Ltd.
Trw Automotive Holdings Corp.
Hella Kgaa Hueck & Co.
Ficosa International S.A.
Texas Instruments Inc.
China Local Manufacturers Covered
Adaptive Cruise Control (ACC)
Lane Departure Warning (LDW) System
Blind Spot Detection
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
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