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 (Northern, Western, Eastern, Southern) And Competitive Landscape
Product Code: ETC4377759 | Publication Date: Nov 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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.
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.
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.
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.
The report delivers a widespread study of the subsequent market 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. Philippines Advanced Driving Assistance Systems Market Overview |
3.1 Philippines Advanced Driving Assistance Systems Market Revenues (2021-2028F) |
3.2 Philippines Advanced Driving Assistance Systems Market Industry Life Cycle |
3.3 Philippines Advanced Driving Assistance Systems Market Porter’s Five Forces Model |
3.4 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F) |
3.5 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F) |
3.6 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F) |
3.7 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F) |
4. Impact Analysis of COVID-19 on Philippines Advanced Driving Assistance Systems Market |
5. Philippines Advanced Driving Assistance Systems Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Philippines Advanced Driving Assistance Systems Market Trends & Evolution |
7. Philippines Advanced Driving Assistance Systems Market Overview, By Product Types |
7.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F) |
7.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F) |
7.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F) |
7.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F) |
7.5 Philippines Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F) |
7.6 Philippines Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F) |
8. Philippines Advanced Driving Assistance Systems Market Overview, By Sensor Types |
8.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F) |
8.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F) |
8.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F) |
8.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F) |
9. Philippines Advanced Driving Assistance Systems Market Overview, By Vehicle Types |
9.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F) |
9.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F) |
9.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F) |
10. Philippines Advanced Driving Assistance Systems Market Overview, By Regions |
10.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F) |
10.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F) |
10.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F) |
10.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F) |
11. Philippines Advanced Driving Assistance Systems Market - Key Performance Indicators |
12. Philippines Advanced Driving Assistance Systems Market - Opportunity Assessment |
12.1 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F) |
12.2 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F) |
12.3 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F) |
13. Philippines Advanced Driving Assistance Systems Market - Price Trend Analysis |
14. Philippines Advanced Driving Assistance Systems Market Competitive Landscape |
14.1 Philippines Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021) |
14.2 Philippines Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters |
15. Company Profiles |
15.1 Bosch Limited |
15.2 Denso Philippines Pvt Ltd |
15.3 Wabco Philippines Limited |
15.4 Continental Automotive Components (Philippines) Pvt Ltd |
15.5 Infineon Technologies Philippines Pvt Ltd |
15.6 Hella Philippines Automotive Pvt Ltd |
16. Key Strategic Recommendations |
17. Disclaimer |
List of Figures |
Figure 1: Philippines Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores) |
Figure 2: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F |
Figure 3: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F |
Figure 4: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F |
Figure 5: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F |
Figure 6: ABS and Electronic brakeforce distribution market penetration in Philippines, (units) |
Figure 7: Traction control system market penetration in Philippines, (Units) |
Figure 8: Electronic stability program market penetration in Philippines, (USD units) |
Figure 9: Number of road accidents in Philippines, 2016-2020 |
Figure 10: Number of deaths per 100 road accidents in Philippines |
Figure 11: Number of deaths in road accidents in Philippines |
Figure 12: Highway Construction in Philippines (Kilometers) |
Figure 13: Investment outlay for roads under union budget ($ billion) |
Figure 14: Auto Services Market in Philippines, 2019-2026F, (USD billion) |
Figure 15: Philippines automobile market growth, 2019-2026F (USD, Billion) |
Figure 16: Philippines passenger cars penetration, 2019-2026F (per 1000 people) |
Figure 17: Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Product types, 2028F |
Figure 18: Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F |
Figure 19: Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F |
Figure 20: Philippines Advanced driving assistance systems market revenue rankings, By Company |
List of Tables |
Table 1: Autonomous vehicle readiness Index, 2020 |
Table 2: Philippines Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores) |
Table 3: Philippines Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores) |
Table 4: Philippines Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores) |
Table 5: Philippines Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores) |