Market Snapshot:
Advanced driver assistance system (ADAS) is a system that helps drivers better controlling of their vehicles and avoids accidents. The system uses radars, sensors, and cameras in its design to assist drivers with real-time information about the vehicle’s vicinity. ACC maintains a set distance from the vehicle ahead by automatically adjusting the vehicle's speed. It can accelerate or decelerate to match the flow of traffic.
Highlights from Advanced Driver Assistance Systems Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 22.6% |
The key Vendors profiled in the report are Continental Ag [Germany], Delphi Automotive PLC [United States], Robert Bosch Gmbh [Germany], Aisin Seiki Co. Ltd. [Japan], Autoliv Inc [Sweden], Denso Corporation [Japan], Valeo [France], Magna International [Canada], Trw Automotive Holdings Corp. [United States], Hella Kgaa Hueck & Co. [Germany], Ficosa International S.A. [Spain], Mobileye NV [Israel], Mando Corp. [South Korea], Texas Instruments Inc. [United States] and Tass International [Netherlands]. Additionally, other players that are part of this comprehensive study are NXP Semiconductors [Netherlands], Renesas Electronics [Japan], Panasonic [Japan], Takata Corporation [Japan], Harman International Industries [United States] ,, Freescale Semiconductor [united States] and Gentex [United States].
Geographic Breakdown and Segment Analysis
The Global Advanced Driver Assistance Systems market presents a comprehensive analysis of the Advanced Driver Assistance Systems market by product type (Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) System, Park Assist, Blind Spot Detection and Others), by end-user/application (Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Advanced Driver Assistance Systems industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Advanced Driver Assistance Systems market
Analyst at AMA have segmented the market study of Global Advanced Driver Assistance Systems market by Type, Application and Region.
Influencing Trend:
Demand for Greater Safety Standards From Customers Side and Growing Market for Electrical Vehicles
Market Growth Drivers:
Growing Vehicle Automation and Advancement in Self Driving Car and Stringent Regulatory Guidelines Regarding Safety of Drivers
Challenges:
There is a possibility of false alarms or erroneous warnings, especially if the system misinterprets objects or road conditions. These false alarms may lead to driver confusion or desensitization, potentially reducing the driver's trust in the system
Restraints:
Increase in Overall Cost of the Vehicle and Lack of Budget of Car Owners and Inability to Upgrade the System in Emerging Countries
Opportunities:
Rising Automobile Industry and Awareness About ADAS System in Emerging Countries and Rising Disposable Income and Awareness About ADAS system
Market Developments Activities:
In October 2022, DENSO intended to acquire EASE Simulation, Inc. “EASE excelled in its ability to access and extract enhanced level diagnostics data from vehicles, which is a critical component as we develop and provide more connected services to the aftermarket and OES industry,” said Richard Shiozaki, senior vice president of DENSO Products and Services Americas, Inc.
In November 2023, Delphi Technologies' acquisition with BorgWarner Inc. was officially announced as having been completed. BorgWarner and Delphi Technologies' merger is anticipated to strengthen BorgWarner's electronics and power electronics products, capabilities, and scale, creating a market leader in electrified propulsion systems that is, in BorgWarner's opinion, well-positioned to benefit from future propulsion migration
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new mobility solutions, which is likely to encourage the growth of the global market throughout the forecast period
Key Target Audience
Original Equipment Manufacturers, Automobile Industry, Potential Investors, Government Agencies, Research Institute and Others