Advanced Driving Assistance Systems (ADAS) Market (2022-2028) | Forecast, Analysis, Revenue, Size, Share, Trends, Value, Outlook, Growth, Industry, Segmentation & COVID-19 IMPACT

Market Forecast By Product Types (Adaptive Cruise Control, Blindspot Detection, Park Assist, Autonomous Emergency Braking, Intelligent Headlights & Others), By Sensor Types (LiDAR, RADAR, Camera, Ultrasonic), By Products (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Regions (North America, Latin America, Europe, Asia Pacific, Middle East And Africa) And Competitive Landscape

Product Code: ETC4377765 Publication Date: Dec 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 35

Advanced Driving Assistance Systems Market Synopsis

Advanced driving assistance systems market is expected to grow during the forecast period. The growth of this market is mainly attributed to the increasing adoption of these systems by the buyers across various industries. Additionally, one of the major challenges facing the ADAS market is that many consumers do not know about or trust the technology. This can be due to concerns about safety and privacy, as well as doubts about whether the technology is effective. Additionally, there are limited options for deploying ADAS systems in vehicles, which has led to slow adoption rates. Further, another challenge facing the Global ADAS market is regulatory uncertainty. Countries are still exploring how best to implement and regulate these technologies, which can lead to delays in implementation and hindered innovation. Additionally, some countries have not yet developed legislation or regulations regarding ADAS systems, which creates a challenge for companies seeking to sell their products in those countries.

According to 6Wresearch, the advanced driving assistance systems market size is likely to witness growth during 2022-28. The growth is attributed to the increasing demand for safety and security features in vehicles, increasing government regulations, and increased adoption of ADAS across various vehicle segments. Additionally, sensor-based ADAS products are dominant in the market owing to their low cost and easy installation. However, they suffer from low accuracy and reliability due to the use of sensors that are prone to interference. Software-based ADAS products offer better accuracy but are more expensive than sensor-based ADAS products. They are also difficult to deploy in vehicles owing to their reliance on electronic controls. Infrastructure-based ADAS products provide accurate readings even when devices are out of range or when there is heavy traffic congestion. They are mainly used for managing traffic flow and providing warnings about potential hazards on roads. Commercial end users constitute the largest segment of the ADAS market owing to their growing investments in safety features for transport fleets. Noncommercial end users such as individual drivers and carmakers have also shown interest in using ADAS technology for improving safety and convenience features in their vehicles.

Market Analysis By Product Type

In terms of product type, the market is categorized into adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, intelligent headlights and others. Currently, the park assist account for the highest market share. Additionally, the sensor-based ADAS market is expected to grow at the highest rate, owing to the growing demand for safety and security features in vehicles. The software-based ADAS market is expected to grow at a higher rate than the sensor-based ADAS market owing to their better accuracy. The infrastructure-based ADAS market is expected to grow at a slower rate than the other two segments owing to the high costs associated with its deployment.

Market Analysis By Regions

In terms of regions, the North America ADAS market dominates the overall global ADAS market with majority of the market share. This dominance was attributable to several factors such as increasing number of introductions from key players such as Nissan Motor Co., Ltd., Audi AG, BMW AG, Ford Motor Company LLC., General Motors Corporation (GM), and Toyota Motor Corp., among others. Further, the advanced driving assistance systems market is expected to grow at a higher rate in North America than in Europe. This is due to the increased adoption of these systems in commercial vehicles and semi-personal vehicles, which are more prevalent in North America. Additionally, Europe is expected to witness a significant growth owing to increase in demand from countries such as Germany and UK. Further, Asia Pacific will account for majority of the demand for ADAS in future.

COVID-19 Influence on the Advanced Driving Assistance Systems Market

The manifestation of Covid-19 pandemic has caused a slowdown in the automotive market. Nevertheless, the market has convalesced progressively in recent years. The growth is driven by the increasing adoption of these systems in various segments, such as luxury cars, commercial vehicles, and semi-personal vehicles. These systems are beneficial in terms of providing enhanced safety and comfort for the driver and passengers. Some of the key factors that are contributing to the growth of this market include rising customer awareness about the benefits offered by these systems, increased deployment of intelligent transportation systems (ITS) across various regions, and growing demand for autonomous vehicles.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market
  • 8 Years of Market Numbers
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Upcoming Developments and Projects.

Key Highlights of the Report

  • Advanced Driving Assistance Systems Market Overview
  • Advanced Driving Assistance Systems Market Outlook
  • Advanced Driving Assistance Systems Market Forecast
  • Forecast of Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
  • Forecast of Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
  • Forecast of Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
  • Forecast of Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
  • Forecast of Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
  • Advanced Driving Assistance Market Share, By Market Players
  • Market Drivers and Restraints
  • Advanced Driving Assistance Market Trends
  • Competitive Benchmarking
  • Key Strategic Recommendations

Markets Scope and Segmentation

The report delivers a widespread study of the subsequent market segments:

By Product Types

  • Adaptive Cruise Control
  • Blind spot Detection
  • Park Assist
  • Autonomous Emergency Braking
  • Intelligent Headlights
  • Others

By Sensor Types

  • LiDAR
  • RADAR
  • Camera
  • Ultrasonic

By Vehicle

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial vehicles

By Regions

  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Africa
  • Middle East
Frequently Enquired Queries Regarding the Market Study: FAQs

1). Does the report include the impression of COVID-19?

The report not only has considered COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.

2). Which product type accounts for the maximum market share in the  advanced   driving assistance systems market?

In terms of product types, intelligent headlight accounted for the highest share due to the growing demand for safety and security features in vehicles

3). Which sensor type is exhibited to gain traction over the forecast period?

In terms of sensor types, camera and ultrasonic sensors acquired the highest market revenue share in advanced driving assistance systems market due to technological advancement and growing demand for these sensors.

4). What are the critical factors which are increasing the market demand?                                                

The growth of the market is due to the increasing adoption of these systems by the buyers across various industries as well as technological advancement in the market.

5). What are the major challenges in the advanced driving assistance systems Market?   

Some of the major challenges are one of the major challenges facing the ADAS market is that many consumers do not know about or trust the technology. This can be due to concerns about safety and privacy, as well as doubts about whether the technology is effective.

6). Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.

7). We also want to have market reports for other countries/regions.

6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.

 

Description: The global advanced driving assistance systems market is growing due to the increasing demand for safety and security features in vehicles, increasing government regulations, and increased adoption of ADAS across various vehicle segments.

1. Executive Summary

2. Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope and Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Global Advanced Driving Assistance Systems Market Overview

3.1 Global Advanced Driving Assistance Systems Market Revenues (2021-2028F)

3.2 Global Advanced Driving Assistance Systems Market Industry Life Cycle

3.3 Global Advanced Driving Assistance Systems Market Porter’s Five Forces Model

3.4 Global Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F)

3.5 Global Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F)

3.6 Global Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F)

3.7 Global Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F)

4. Impact Analysis of COVID-19 on Global Advanced Driving Assistance Systems Market

5. Global Advanced Driving Assistance Systems Market Dynamics

5.1 Impact Analysis

5.2 Market Drivers

5.3 Market Restraints

6. Global Advanced Driving Assistance Systems Market Trends & Evolution

7. Global Advanced Driving Assistance Systems Market Overview, By Product Types

7.1 Global Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F)

7.2 Global Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F)

7.3 Global Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F)

7.4 Global Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F)

7.5 Global Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F)

7.6 Global Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F)

8. Global Advanced Driving Assistance Systems Market Overview, By Sensor Types

8.1 Global Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F)

8.2 Global Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F)

8.3 Global Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F)

8.4 Global Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F)

9. Global Advanced Driving Assistance Systems Market Overview, By Vehicle Types

9.1 Global Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F)

9.2 Global Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F)

9.3 Global Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F)

10. Global Advanced Driving Assistance Systems Market Overview, By Regions

10.1 Global Advanced Driving Assistance Systems Market Revenues, By North America (2021-2028F)

10.2 Global Advanced Driving Assistance Systems Market Revenues, By Latin America (2021-2028F)

10.3 Global Advanced Driving Assistance Systems Market Revenues, By Europe (2021-2028F)

10.4 Global Advanced Driving Assistance Systems Market Revenues, By Asia Pacific (2021-2028F)

10.5 Global Advanced Driving Assistance Systems Market Revenues, By Middle East (2021-2028F)

10.6 Global Advanced Driving Assistance Systems Market Revenues, By Africa (2021-2028F)

11. Global Advanced Driving Assistance Systems Market - Key Performance Indicators

12. Global Advanced Driving Assistance Systems Market - Opportunity Assessment

12.1 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F)

12.2 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F)

12.3 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F)

13. Global Advanced Driving Assistance Systems Market - Price Trend Analysis

14. Global Advanced Driving Assistance Systems Market Competitive Landscape

14.1 Global Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021)

14.2 Global Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters

15. Company Profiles

15.1 Bosch Limited

15.2 Denso Global Pvt Ltd

15.3 Wabco Global Limited

15.4 Continental Automotive Components (Global) Pvt Ltd

15.5 Infineon Technologies Global Pvt Ltd

15.6 Hella Global Automotive Pvt Ltd

16. Key Strategic Recommendations

17. Disclaimer

List of Figures

Figure 1: Global Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores)

Figure 2: Global Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F

Figure 3: Global Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F

Figure 4: Global Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F

Figure 5: Global Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F

Figure 6: ABS and Electronic brake force distribution market penetration in Global, (units)

Figure 7: Traction control system market penetration in Global, (Units)

Figure 8: Electronic stability program market penetration in Global, (USD units)

Figure 9: Number of road accidents in Global, 2016-2020

Figure 10: Number of deaths per 100 road accidents in Global

Figure 11: Number of deaths in road accidents in Global

Figure 12: Highway Construction in Global (Kilometers)

Figure 13: Investment outlay for roads under union budget ($ billion)

Figure 14: Auto Services Market in Global, 2019-2026F, (USD billion)

Figure 15: Global automobile market growth, 2019-2026F (USD, Billion)

Figure 16: Global passenger cars penetration, 2019-2026F (per 1000 people)

Figure 17: Global Advanced Driving Assistance Systems  Market Opportunity Assessment, By Product types, 2028F

Figure 18: Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F

Figure 19: Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F

Figure 20: Global Advanced driving assistance systems market revenue rankings, By Company

List of Tables

Table 1: Autonomous vehicle readiness Index, 2020

Table 2: Global Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores)

Table 3: Global Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores)

Table 4: Global Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores)

Table 5: Global Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores)

 

 

 
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