Global $91.8 Bn ADAS Market 2018-2025 by System, Component, Vehicle, Offering, EV & Region


Dublin, Dec. 14, 2018 (GLOBE NEWSWIRE) -- The "ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic & Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The advanced driver assistance system (ADAS) market is estimated to be USD 24.24 billion in 2018 and is projected to reach USD 91.83 billion by 2025, at a CAGR of 20.96% during the forecast period.

Government regulations pertaining to vehicle safety and increasing demand for a safe, efficient, and convenient driving experience are set to drive ADAS market

Stringent regulations pertaining to vehicle safety across the globe, increasing demand for a safe, efficient, & convenient driving experience, and rising sales of luxury vehicles are the key factors driving the growth of the ADAS market. On the other hand, the lack of infrastructure in developing countries can hinder the growth of the market. For effective functioning, advanced driver assistance systems require basic infrastructure such as well-organized roads, lane marking, and availability of GPS. For highways, the information such as a lane change, object detection, distance between vehicles, traffic, and services such as navigation and connectivity are very important for vehicles equipped with ADAS. In developing countries like China, Brazil, and India, the development of IT infrastructure on highways is slow as compared to developed economies. Therefore, the lack of information technology communication infrastructure and lag in government norms are the major restraints for the growth of ADAS market in developing regions.

AEB segment to hold the largest share of the ADAS market, by system

Governments of developed countries have mandated the fitment of AEB in buses & trucks. For instance, Regulation No 661/2009 of the European Parliament and of the Council (dated 13 July 2009) mandated the inclusion of AEB system in buses & trucks. It also stipulated the standard fitment of LDW in the same vehicle categories and with the same deadlines as autonomous emergency braking systems. The system is expected to be equipped in all new commercial vehicles above 3.5 tons and buses from November 2013, and in all vehicles of these categories sold in the European Union from November 2015. In 2018, the South Korean government mandated AEB from January 2019 in all new passenger vehicles. These mandates will drive the growth of the AEB market in the near future.

Software: The fastest growing offering type of the ADAS market

The software segment is estimated to be the fastest growing segment of the ADAS market, by offering. The main purpose of the software is to communicate autonomously with other devices. The increase in software content in the advanced applications of the vehicle is expected to drive the software segment of the ADAS market.

Asia Pacific: The fastest growing region in the ADAS market

The Asia Pacific region is estimated to dominate the ADAS market and is projected to grow at the highest CAGR during the forecast period. Increasing demand for luxury vehicles and safety awareness among consumers would drive the growth of the ADAS market in the region.

Major players profiled in the report are:

  • Robert Bosch (Germany)
  • Continental (Germany)
  • Intel (US)
  • Aptiv (UK)
  • Magna (Canada)
  • ZF Friedrichshafen (Germany)

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency & Pricing
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the ADAS Market
4.2 ADAS Market, By Region, 2018 & 2025
4.3 ADAS Market, By System, 2018 & 2025
4.4 ADAS Market, By Component, 2018 & 2025
4.5 ADAS Market, By Vehicle Type, 2018 & 2025
4.6 ADAS Market, By Electric Vehicle, 2018 & 2025
4.7 ADAS Market, By Offering, 2018 & 2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Regulations Pertaining to Vehicle Safety
5.2.1.2 Rise in the Demand for A Safe, Efficient, and Convenient Driving Experience
5.2.1.3 Increasing Demand for Luxury Cars
5.2.2 Restraints
5.2.2.1 Non-Availability of Required Infrastructure in Developing Countries
5.2.3 Opportunities
5.2.3.1 Advent of Autonomous Vehicles
5.2.3.2 Rising Demand for Electric Vehicles
5.2.4 Challenges
5.2.4.1 Complex & Expensive Features
5.2.4.2 Security Threats
5.2.4.3 Mutual Interference Between LiDAR Scanners
5.2.4.4 Environment Constraints Pose A Challenge for Adas
5.2.4.5 Maintaining A Balance Between Cost & Quality

6 Advanced Driver Assistance System Market, By System
6.1 Introduction
6.2 Adaptive Cruise Control (ACC)
6.3 Adaptive Front Light (AFL)
6.4 Automatic Emergency Braking (AEB)
6.5 Blind Spot Detection (BSD)
6.6 Cross Traffic Alert (CTA)
6.7 Driver Monitoring System (DMS)
6.8 Forward Collision Warning (FCW)
6.9 Intelligent Park Assist (IPA)
6.10 Lane Departure Warning (LDW)
6.11 Night Vision System (NVS)
6.12 Pedestrian Detection System (PDS)
6.13 Road Sign Recognition (RSR)
6.14 Traffic Jam Assist (TJA)

7 Advanced Driver Assistance System Market, By Component
7.1 Introduction
7.2 Camera Unit
7.3 LiDAR Sensor
7.4 Radar Sensor
7.5 Ultrasonic Sensor

8 Advanced Driver Assistance System Market, By Offering
8.1 Introduction
8.2 Hardware
8.3 Software

9 Advanced Driver Assistance System Market, By Vehicle Type
9.1 Introduction
9.2 Buses
9.3 Light Commercial Vehicles (LCVS)
9.4 Passenger Cars (PCS)
9.5 Trucks

10 Advanced Driver Assistance System Market, By Electric Vehicle Type
10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Fuel Cell Electric Vehicle (FCEV)
10.4 Hybrid Electric Vehicle (HEV)
10.5 Plug-In Hybrid Electric Vehicle (PHEV)

11 Advanced Driver Assistance System Market, By Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.2 India
11.2.3 Japan
11.2.4 South Korea
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Spain
11.3.5 UK
11.4 North America
11.4.1 Canada
11.4.2 Mexico
11.4.3 US
11.5 RoW
11.5.1 Brazil
11.5.2 Russia

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.4 Product Developments
12.4.1 New Product Developments
12.4.2 Partnerships/Joint Ventures/Collaborations
12.4.3 Expansions
12.4.4 Mergers & Acquisitions

13 Company Profiles
13.1 Key Players
13.1.1 Robert Bosch
13.1.2 ZF Friedrichshafen
13.1.3 Continental
13.1.4 Aptiv
13.1.5 Intel
13.1.6 Denso
13.1.7 Hyundai Mobis
13.1.8 Valeo
13.1.9 Magna
13.1.10 Samsung
13.1.11 Nvidia
13.1.12 Hella
13.2 Key Players From Other Regions
13.2.1 North America
13.2.1.1 Texas Instruments
13.2.1.2 Voxx International
13.2.1.3 Blackberry
13.2.2 Europe
13.2.2.1 Wabco
13.2.2.2 Autoliv
13.2.2.3 Infineon Technologies
13.2.2.4 Ficosa
13.2.3 Asia Pacific
13.2.3.1 Aisin Seiki
13.2.3.2 Hitachi Automotive
13.2.3.3 Omron
13.2.3.4 Renesas Electronics
13.2.4 Rest of the World (RoW)
13.2.4.1 Logigo Automotive
13.2.4.2 Cognitive Technologies

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