About Advanced Driver-Assistance Systems
Advanced driver assistance system (ADAS) can be defined as digital technologies that help drivers in routine navigation and parking without fully automating the entire process but instead leveraging computer networks to enable more data driven and safe driving experiences. ADAS aims to minimize the incidence and severity of automotive accidents. These system can give important data about traffic, road closures and blockage, congestion level, advised routes to avoid traffic.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.9% |
Advanced drive assistance systems (ADAS) is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Advanced Driver-Assistance Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Robert Bosch (Germany), Denso (Japan), Continental AG (Germany), Magna International (United States), Autoliv Inc. (Sweden), Mobileye N.V (United States), Delphi Automotive Plc. (United Kingdom), Valeo (France), ZF TRW Automotive (Germany), Hyundai Mobis (Japan) and Infineon Technologies (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Aisin Seiki Co. (Japan), WABCO (France) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Advanced Driver-Assistance Systems market by , Application (Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)) and Region.
On the basis of geography, the market of Advanced Driver-Assistance Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sensor Type, the sub-segment i.e. Camera Sensor will boost the Advanced Driver-Assistance Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing reliance on sensor fusion, combining data from cameras, radar, lidar, and other sensor for comprehensive environmental perception. and Implementation of ADAS features to optimize fuel efficiency and promote eco-friendly driving behaviour.
Market Growth Drivers:
Increased demand for ADAS. and High demand for safety features in vehicles.
Challenges:
Infrastructure of ADAS is still in the developing stage in many countries., Lower efficiency in bad weather condition and Environmental concerns and security threats.
Restraints:
High initial cost and complex structure
Opportunities:
Technological advancement in ADAS
Market Leaders and their expansionary development strategies
In May 2021, NI acquired MonoDrive, a provider of ultra-high fidelity stimulation software for advanced driver assistance systems (ADAS) and autonomous vehicle development. This acquisition expands NI’s reach in the ADAS and accelerate the development.
In July 2023, General Motors launched a new consumer educational program: “Hands free, Eyes on”. This initiative aims to provided customers with a clear understanding of the benefits and safe usage of the advanced driver assistance systems (ADAS), including GM’s renowned super cruise technology.
Key Target Audience
ADAS Manufacturer, ADAS Provider, Investor, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.