Dublin, Feb. 06, 2019 (GLOBE NEWSWIRE) -- The "Global ADAS and Autonomous Driving Component Market: Focus on Level 1, Level 2, Level 3, Level 4 and Level 5 - Camera, Ultrasonic Sensors, Radar, LiDAR and ECU for Passenger Cars and Commercial Vehicle - Analysis and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The ADAS and autonomous driving component market is anticipated to grow at a CAGR of 22.31% during the forecast period 2018-2028.
The ADAS and autonomous driving component market is driven by several factors such as growing emphasis towards road safety, a rapidly increasing number of automated vehicles, reduction in road congestion, and growing demand for LiDAR sensors. However, factors such as the high price of ADAS and autonomous driving components, high risks associated with autonomous components, and security concerns toward vehicle's data hamper the market growth.
Moreover, factors such as increasing adoption of autonomous components among different levels of automation, the high anticipated growth rate for component manufacturers, and high potential growth for semi-conductor companies in the automotive industry is anticipated to create numerous opportunities for the market growth.
North America dominated the global ADAS and autonomous components market with a prominent share in the year 2017. Factors such as initiatives made by the federal bodies to increase road safety standards, high demand for automated cars, and increased manufacturing activities in the U.S. and Canada are expected to propel the growth of the autonomous vehicle market in the region. Thus, this increase in the autonomous vehicle will boost the ADAS and autonomous driving components market in North America.
Additionally, increasing number of high-end passenger cars (ADAS vehicles) such as BMW, Audi, Mercedes Benz, and Volvo among others is expected to boost the market growth. The ADAS and autonomous driving component market in the APAC is expected to grow at a faster rate in comparison to Europe and North America between 2018 and 2023. Factors such as the growing automotive industry, rising disposable income, and increasing manufacturing facilities are some of the factors contributing to the growth of the market in the APAC region. Additionally, factors such as stringent government rules and regulations for road safety boost market growth.
The key players in the global ADAS and autonomous driving component market are Autoliv Inc., Continental AG, Aptiv PLC, DENSO Corporation, Magna International Inc, Murata Manufacturing Co. Ltd, Quanergy Systems Inc, Robert Bosch GmbH, Valeo, Velodyne Lidar, and ZF Friedrichshafen AG, among others. These companies adopt different strategies such as business expansions, product launches, and product developments, among others in order to enhance its market share and to increase its geographical foothold.
This report is a meticulous compilation of research on different segments of approximately 150 players in the ADAS and autonomous driving component market including a market breakdown by component type, vehicle type, level of autonomy, and geography. The report further takes into consideration the market dynamics and the competitive landscape. Moreover, it draws upon insights from in-depth interviews of key opinion leaders of more than 25 leading companies, market participants, and vendors.
The report also profiles around 18 companies which are key contributors in the market, including Analog Device, Inc, Infineon Technologies AG, Intel Corporation, NXP Semiconductors, Texas Instruments Incorporated Continental AG, Ibeo Automotive Systems GmbH, Robert Bosch GmbH, Denso Corporation, LeddarTech, Quanergy Systems, and Velodyne LiDAR, Aptiv, Autoliv, Inc., Magna International Inc., Murata Manufacturing Co., Ltd, Valeo, and ZF Friedrichshafen AG.
Key Topics Covered:
Executive Summary
1 Market Overview
1.1 Introduction
1.2 Ecosystem
1.3 ADAS and Autonomous Driving Introduction
1.3.1 ADAS Overview
1.3.2 Autonomous Driving Overview
1.4 Policies and Government Initiatives for ADAS and Autonomous Driving
1.4.1 Current Laws and Regulatory Bodies Related to Autonomous Vehicles by Country
1.4.2 Current Laws and Regulatory Bodies Related to Testing or Experimentation of Autonomous Vehicles by Country
1.4.3 Regulatory Agencies for Driverless Vehicle
1.5 Key Developments by Automotive OEMs, Autonomous Technology Providers, and Software Providers in Autonomous Driving Industry
1.6 Investment by Major OEMs and Tier 1 Component Providers
2 Market Dynamics
2.1 Market Drivers
2.1.1 Impact of Market Drivers
2.1.2 Growing Emphasis Towards Road Safety
2.1.3 Rising Demand of ADAS Features in Truck
2.1.4 Increased Government Focus on Streamlined Traffic Infrastructure
2.1.5 Growing Demand for Highly Autonomous Vehicles (L4 and L5)
2.1.6 Increasing Push from the Government to Develop Connected and Autonomous Infrastructure
2.2 Market Challenges
2.2.1 High Price of ADAS and Autonomous Driving Components
2.2.2 Safety and Reliability Issues with ADAS Components
2.2.3 Rise in Cyber threat due to Increase of Data
2.3 Market Opportunities
2.3.1 High Demand of ADAS Component with Increase in Level of Automation
2.3.2 Revenue Generation Opportunity for Different Layers of Automotive Ecosystem
2.3.3 Transition from Car Ownership to Mobility-as-a-Service (MaaS)
3 Competitive Landscape
3.1 Introduction
3.1.1 Product Launches and Developments
3.1.2 Business Expansion
3.1.3 Partnerships/Collaborations/Joint Ventures
3.1.4 Mergers and Acquisitions
3.1.5 Others (Awards and Achievements)
3.2 Value Chain Analysis
3.3 Supply Chain Analysis
3.3.1 Supply Chain Analysis: Camera
3.3.2 Supply Chain Analysis: Radar
3.3.3 Supply Chain Analysis: Ultrasonic Sensors
3.3.4 Supply Chain Analysis: LiDAR
3.3.5 Supply Chain Analysis: ECU
3.4 Market Share Analysis
3.5 Patent Analysis
3.5.1 Introduction
3.5.2 Key Patent: ADAS and Autonomous Driving Component
3.5.3 Patent Landscape
3.5.3.1 Pate Landscape: ADAS and Autonomous Driving Radar
3.5.3.2 Patent Landscape: ADAS and Autonomous Driving Ultrasonic Sensors
3.5.3.3 Patent Landscape: ADAS and Autonomous Driving Image Sensors
3.5.3.4 Patent Landscape: ADAS and Autonomous Driving ECU
3.5.3.5 Patent Landscape: ADAS and Autonomous Driving LiDAR
3.6 Pricing Analysis
3.7 R&D Analysis
3.7.1 Analog Device, Inc.
3.7.2 ZF Friedrichshafen
3.7.3 Valeo
3.7.4 Texas Instruments
3.7.5 Robert Bosch GmbH
3.7.6 NXP Semiconductors
3.7.7 Autoliv Inc.
4 Global ADAS and Autonomous Driving Component Market Analysis and Forecast
4.1 Assumptions & Limitations for Market Size Calculations
4.2 Market Scope
5 Global ADAS and Autonomous Driving Component Market, by Component Type
5.1 Camera
5.2 Radar
5.3 Ultrasonic Sensors
5.4 LiDAR
5.5 Electronic Control Units (ECUs)
6 Global ADAS and Autonomous Driving Component Market, by Level of Autonomy
6.1 Level 1 (Advanced Driving Assist Systems-ADAS)
6.2 Level 2 (Partial Automation)
6.3 Level 3 (Conditional Automation)
6.4 Level 4 (High Automation)
6.5 Level 5 (Full Automation)
7 Global ADAS and Autonomous Driving Component Market by Vehicle Type
7.1 Passenger Cars
7.2 Commercial Vehicles
7.2.1 Heavy Trucks
7.2.2 Heavy Buses
8 Global ADAS and Autonomous Driving Component Market, by Region
9 Company Profiles
- Analog Device, Inc.
- Aptiv
- Autoliv Inc.
- Continental AG
- DENSO
- Ibeo Automotive Systems GmbH
- Infineon Technologies AG
- Intel Corporation
- LeddarTech Inc.
- Magna International Inc.
- Murata Manufacturing Co., Ltd.
- Quanergy Systems Inc.
- NXP Semiconductors
- Robert Bosch GmbH
- Texas Instruments Incorporated
- Valeo Group
- Velodyne LiDAR, Inc.
- ZF Friedrichshafen AG
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