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

Philippines Advanced Driving Assistance Systems Market Synopsis

The increase in demand for driving assistance systems is owing to the rising incidence of road accidents, and the consequent need for safe and efficient transportation. Moreover, increasing urbanization is also contributing to the growth of the Philippine advanced driving assistance systems market. The Philippines advanced driving assistance systems market is a part of Asia Pacific Advanced Driving Assistance Systems (ADAS) Market and global advanced driving assistance systems market.

According to 6Wresearch, the Philippines advanced driving assistance systems market size is likely to witness growth during 2022-28. The increasing prevalence of road accidents is one of the major drivers behind the growth of the Philippine Advanced Driving Assistance Systems market. This is due to several factors such as an increase in vehicular pollution, growing trend towards mechanization, and rise in population density. Additionally, another factor that is fueling the growth of the Philippine Advanced Driving Assistance Systems market is increasing urbanization. This is because more people are moving into cities, which consequently increases their need for efficient means of transportation such as driving assistance systems. Further, this growth can be attributed to the rising demand for safer and efficient driving, as well as the growing need for protection from accidents. The increasing number of elderly drivers in the Philippines is also fueling the demand for advanced driving assistance systems. Additionally, rising investments in transportation infrastructure projects such as highway expansion and airport construction are expected to drive growth in this market.

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. Further, growing demand for safe and faster transport also contributes to increased demand for driving assistance systems in the Philippines. This is because people want to travel without having to worry about getting involved in any traffic jams or accidents. Additionally, there are various alternatives to the Philippines ADAS market such as manual driving, GPS navigation, and autonomous driving. Manual driving is the most popular choice in the Philippines Advanced Driving Assistance Systems market as it is cost-effective and can be mastered by novice drivers. GPS navigation is also a popular choice in the Philippines Advanced Driving Assistance Systems market as it offers accurate directions and provides real-time traffic updates. Autonomous driving technology is expected to grow in popularity in the Philippines Advanced Driving Assistance Systems market as it allows drivers to remain engaged with the road while the car drives itself.

Market Analysis By Competitive Landscape

The companies are expanding their operations in the country due to its growing economy and increasing demand for safe driving conditions. Some of these firms have also invested in innovative ADAS technologies that are not available in other markets such as autonomous navigation and lane departure warning systems. This competitive advantage is expected to propel these players to emerge as leaders in the Philippines ADAS market. Additionally, some of the key challenges that these companies will face include limited awareness about ADAS technologies among consumers and drivers, lack of infrastructure development for testing and deployment of these systems, high procurement costs associated with deploying these systems, and lack of skilled manpower for installation and operation of these systems.

COVID-19 Influence on the Philippines 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. This growth can be attributed to the increasing number of vehicles on the roads and growing awareness about the benefits of ADAS technologies. Further, the government's initiatives to promote road safety and improve infrastructure are also expected to drive growth in the ADAS market in the Philippines. Rising consumer demand for enhanced driving experiences is also expected to boost the market. Other factors that are expected to contribute toward market growth include increasing investment in technology by businesses, rising population, and increased demand from OEMs and Tier 1 suppliers.

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

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

• Northern
• Western
• Eastern
• Southern

Philippines Advanced Driving Assistance Systems (ADAS) Market: FAQs