Overview

Advance Driver Assistance Systems Market Introduction

The global advance driver assistance systems market is forecasted to value over US $ 91 billion by the end of 2027, and registering a CAGR of 20.1% from 2020 to 2027.
An advanced driver assistance system (ADAS) is a collection of systems used in vehicles to provide a smart, comfortable, safe and intelligent driving experience. The safety features are designed in a way that the technology alerts the driver, and potential crashes and accidents can be avoided. The global advanced driver assistance systems market (ADAS) comprises of all the sensors used in applications such as lane departure warning system, intelligent parking assist system, adaptive cruise control, drowsiness monitor system, blind spot detection system, and others.
The ADAS market growth is prompted by the need for consumer safety, demand for efficient vehicles, comfortable driving experience, and stringent government regulations related to vehicle safety. However, factors such as expensive and complex features, security threats, and complexity in testing and huge cost associated with the installation are impeding the market growth.
The global advance driver assistance system market is segmented on the basis of component which is further bifurcated by systems and sensors, type, and region. The growing number of roadways infrastructure projects, ever-increasing traffic congestion, and government regulations pertaining to vehicle safety will stimulate the growth of different radar-based ADAS applications.
Increasing vehicle production in emerging economies such as Japan and China is calculated to make Asia Pacific region largest in market share compared to other regions. Other factors such as growing economies, rising demand for luxury vehicles, and Japan being a leading manufacturer of automobiles is further amplifying the market growth in the Asia Pacific region.
This market study incorporates a comprehensive scope on global market players including the developments, mergers & collaborations and new product launches.

Key Market Players are:

Autoliv Inc, Magna International Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, Panasonic Corporation, NXP Semiconductor, Renesas Electronics Corporation and others.

Advance Driver Assistance Systems Market

Advance Driver Assistance Systems Market Segmentation:

By Component

Systems
Tire pressure monitoring system (TPMS)
Drowsiness monitor system (DMS)
Adaptive front-lighting system (AFL)
Lane departure warning system (LDWS)
Intelligent parking assist system (IPAS)
Adaptive cruise control system (ACC)
Blind spot object detection system (BSD)
Others (night vision system and driver monitoring system)
Sensors
Radar sensor
Image sensor
Ultrasonic sensor
Lidar sensor
Infrared (IR) sensor

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global advance driver assistance systems on the basis of component and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies