Advanced Driver Assistance Systems Global Market is segmented by Technology (Adaptive Cruise Control, Intelligent Park Assist, Pedestrian Protection, Drowsiness Monitor, Blind Spot Detection, Head-Up Display and others), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Sensor Type (Radar Sensor, Camera Sensor, Lidar Sensor and Ultrasonic Sensor) and Region. Report provides Advanced Driver Assistance Systems Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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Advanced Driver Assistance Systems Market Key Companies Studied In This Research Report:
Robert Bosch Automotive Steering GmbH, Delphi Automotive LLP, DENSO CORPORATION, Panasonic Corporation, Valeo, Continental AG, Magna International Inc, HELLA KGaA Hueck & Co., Hitachi Ltd., and ZF Friedrichshafen AG.
Global Advanced Driver Assistance Systems Market Analysis 2019:
Market Research Future (MRFR)’s latest study suggests that the global advanced driver assistance system market is set to expand at a strong CAGR of 12.24% during the forecast period. The market is estimated to grow from USD 9.153 Mn in 2016 to USD 21.921 Mn by 2023. The technological advancements in the automotive sector coupled with early adoption have catapulted the market on an upward trajectory. The trend is likely to perpetuate in the foreseeable future.
The advanced driver assistance system (ADAS) market is driven directly by the growth of the automobile industry. Therefore, an increase or decrease in the demand of automobiles will directly influence the demand and sales of advanced driver assistance systems. Other factors that also drive the ADAS market are the rising awareness for road safety, increase in the purchasing power of consumers, government initiatives mandating the use of advanced driver assistance systems in latest automobiles, and a growing demand for advanced solutions to enable convenient driving.
Advanced driver assistance systems are also gaining traction of the market due to enhanced driving experience. Additionally, it offers different features such as automated lighting, automatic brake, incorporates traffic warnings, adaptive cruise control, connection with smartphones, danger alert, etc. These are projected to favor the proliferation of the advanced driver assistance system market over 2023. Other factors responsible for the growth of the advanced driver assistance system market include mandating enforcements by governments, booming automotive sector, increasing disposable income, etc.
Many components are required in an advanced driving assistance system to aid the necessary assistance processes. Some of these components are sensors which are used to detect objects in the environment surrounding the vehicle, such as other cars, pedestrians, and stationary obstacles. Since accidents can happen at any time, sensors must operate over the entire performance range of the vehicle – while parking the vehicle as well as at highway speeds. Radar and ultrasonic sensors work together to achieve this function in an ADA system, to generate a seamless and safe driving experience.
Study Period: 2019-2023
Base Year: 2017
Target Audience of Report: This report mainly focuses on Advanced Driver Assistance Systems manufacturers, Distributor & Supplier companies, and end Users. Investment bankers and consultants with end user for Advanced Driver Assistance Systems market also analyzed. And finally, Government and Independent Regulatory Authorities involved with Advanced Driver Assistance Systems Global Industry are studied in this report.
The scope of the study segments the global Advanced Driver Assistance Systems market by system type, by vehicle type and by regions.
By technology, the advanced driver assistance systems market has been segmented into adaptive cruise control, adaptive front lights, intelligent park assist, pedestrian protection, blind spot detection, drowsiness monitor, head up display, and others.
By vehicle type, the global advanced driver assistance systems market is segmented into passenger vehicle and commercial vehicle.
By radar type, the advanced driver assistance systems market has been segmented into radar sensor, lidar sensor, camera sensor, and ultrasonic sensor.
In the report published on the advanced driver assistance system market by Market Research Future (MRFR), the market has been regionally segmented into North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa. The analysis covers 15 countries to get a comprehensive understanding of the varying levels of growth in different regions of the world and the factors influencing such growth.
The market for ADAS in the region of North America will witness growth due to the rising demand for automobiles, especially in the U.S. Other factors driving the ADAS market include the existence of major manufacturers in North America, along with the availability of sophisticated technology across the region.
A major factor influencing the growth in the European market can be a rise in the manufacture of the commercial vehicles by original equipment manufacturers with advanced safety and assistance features. The use of such features aids safe delivery of goods and efficient city transportation. The European market is expected to show a 10.58% CAGR in the ADAS enabled commercial vehicles during the forecast period. The market in the U.K. and Germany will account for the highest market share in the Europe.
The region of Asia Pacific (APAC) will observe substantial growth due to a rise in the adoption of passenger cars with advanced driver assistance systems. The increasing preference shift of consumers from the mileage achieved from a vehicle to its exterior and design will also contribute to the rise in demand for advanced driver assistance systems. The global market for ADAS will observe growth due to a rise in the population, increased industrialization, and the aggressively expanding manufacturing industry
Study Objectives of Global Advanced Driver Assistance Systems Market:
— To provide detailed analysis of the market structure along with forecast for the next five years of various segments and sub-segments of the global market
— To provide insights about factors affecting the market growth
— To analyze the market based on various factors such as supply chain analysis, and Porter’s five forces analysis
— To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries – North America, Europe, Asia-Pacific, and ROW.
— To provide country level analysis of the market with respect to the current market size and future prospective
— To provide country level analysis of the market for segment by type, vehicle type, and region
Major Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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