Industry Background:
ADAS or Advanced driver-assistance systems are a set of electronics systems which are integrated to assist drivers both during driving and parking. It is considered a move towards automated cars. ADAS also drastically increases the safety standards by providing real time information about the surroundings to the driver. ADAS is also said to decrease the number of human made errors which result in accidents, thus saving both passenger and pedestrians lives. The ADAS Supplier ecosystem is expected to increase with growth of automobile market. North America is expected to emerge as the most dominant market of ADAS Supplier Ecosystem.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Toshiba Corporation (Japan), Mitsubishi Corporation (Japan), Denso Corporation (Japan), Gentex Corporation (United States), Robert Bosch GmbH (Germany), Visteon Corporation (United States), ECOSYS Group (France), ARM Ltd. (United Kingdom), Imagination Technologies (United Kingdom) and Alert Technologies Inc. (United States) |
This growth is primarily driven by Advancement in Technology and Growth of Automotive Industry.
Globally, a noticeable market trend is evident OEMs Accounts for Largest Market Share Major Players, such as Toshiba Corporation (Japan), Mitsubishi Corporation (Japan), Denso Corporation (Japan), Gentex Corporation (United States), Robert Bosch GmbH (Germany), Visteon Corporation (United States), ECOSYS Group (France), ARM Ltd. (United Kingdom), Imagination Technologies (United Kingdom) and Alert Technologies Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. ADAS Supplier Ecosystem market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In 2020, Velodyne Lidar, a US technology company specialised on LiDAR technology has announced acquisition of Mapper.ai, a firm offering mapping and localization software solutions. The acquisition deal will accelerate the firm’s development of its Vella software and Velarray lidar software which are an essential part of company’s upcoming mega product in the field of advanced driver assistance systems.
In 2020, Velodyne Lidar, an innovative Lidar Tech based company situated in Silicon Valley has announced a signing of a deal with Graf Industrial Corporation. Lidar Tech is currently valued at USD 1.8 billion. Velodyne went through the SPAC way to go public to avoid the extra scrutiny which comes with traditional IPO.
Influencing Trend:
OEMs Accounts for Largest Market Share
Market Growth Drivers:
Advancement in Technology and Growth of Automotive Industry
Challenges:
High Cost of ADAS
Restraints:
Complexity in Technology
Opportunities:
Integration of Artificial Intelligence with ADAS
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in ADAS Supplier Ecosystem Market
- Analysis about New Entrants in ADAS Supplier Ecosystem Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, ADAS Supplier Ecosystem Study Sheds Light on
The ADAS Supplier Ecosystem Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the ADAS Supplier Ecosystem industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where ADAS Supplier Ecosystem industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.