What is ADAS Technology?
ADAS technology groups of electronic technologies that assist drivers in driving and parking functions. The rise of electrification, ADAS technologies, and the associated digitization of the car have catapulted the possibilities for software-defined vehicles. Shifting toward fully autonomous cars, vehicles capable of sensing their environment and operating without human involvement requires an increase in the electronic architecture of these vehicles. Rising disposable income and awareness about the ADAS system further drive the market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Aptiv (United States), Autoliv (Sweden), Velodyne Lidar (United States), Hitachi Astemo (Japan), Gentex (United States), Veoneer (Sweden), Delphi Technologies (United Kingdom), Synopsys (United States), Robert Bosch (Germany), aiMotive (Hungary) and Aisin (Japan) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Hardware and Software) , by application (Car, Truck, Bus and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this ADAS Technology market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Aptiv (United States), Autoliv (Sweden), Velodyne Lidar (United States), Hitachi Astemo (Japan), Gentex (United States), Veoneer (Sweden), Delphi Technologies (United Kingdom), Synopsys (United States), Robert Bosch (Germany), aiMotive (Hungary) and Aisin (Japan).
According to the Traffic Safety Facts Research Note by the National Highway Traffic Safety Administration (NHTSA), “The Nation lost 35,092 people in crashes on U.S. roadways during 2015.” This 7.2% increase was “the largest percentage increase in nearly 50 years.” An analysis revealed that about 94% of those accidents were caused by human error, and the rest by the environment and mechanical failures. The opportunity to reduce car accidents is making automotive ADAS even more critical.
Global ADAS Technology is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Market Trend
The Growth of Software-Defined Functionality and Shifting of Trend from Distributed ADAS Electronic Controller Units (ECUs) to a More Integrated ADAS Domain Controller with Centralized ECUs
Restraints
- Increase in Overall Cost of the Vehicle
- Lack of Budget of Car Owners and Inability to Upgrade the System in Emerging Countries
Opportunities
Rising Automobile Industry and Awareness of ADAS Systems in Emerging Countries and The Increasing Amount of Automotive Electronic Hardware and Software
Key highlights of the Global ADAS Technology market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the ADAS Technology market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global ADAS Technology market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of ADAS Technology Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global ADAS Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in ADAS Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes ADAS Technology Developers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.