Stratview Research has recently published a report on Automotive Advanced Driver Assistance Systems (ADAS) Market segmented by Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025. The objective of the market experts at Stratview Research is to conduct a thorough analysis of ‘Automotive Advanced Driver Assistance Systems (ADAS)’ and put detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth, and restraining factors so that the user gets in-depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Market Insights

The automotive advanced driver assistance systems (ADAS) market is projected to experience an excellent double-digit CAGR of >10% over the next five years to reach US$ 30.1 billion in 2025, driven by rising consumers’ preferences for safety features, advancement in technology, the introduction of more stringent norms, and organic growth in the global automobile production. Additionally, increasing demand for premium and luxury cars is also propelling the growth of advanced driver assistance systems in the automotive industry. Some companies have started to deploy these systems from in mid-range cars as well to fulfill consumers’ safety preferences.

Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

The automotive advanced driver assistance systems (ADAS) market is segmented based on the following vehicle types: Passenger Cars, Light Commercial Vehicles, and Medium & Heavy-Duty Commercial Vehicles. Passenger car is expected to remain the largest vehicle type in the automotive ADAS market over the next five years, driven by the increasing penetration of ADAS in the segment. The vehicle type is experiencing an expansion in usage of ADAS from luxury cars to mid-range cars. The vehicle type is also projected to witness the fastest growth during the forecast period, owing to rising demand for ADAS across regions.

Radar will remain the most dominant sensor type in the automotive advanced driver assistance systems (ADAS) market during the forecast period. Radar sensors are used in a wide array of systems, such as adaptive cruise control systems and emergency brake assists. It is also anticipated to be the fastest-growing sensor type in the same period. Ultrasonic and image sensors are also projected to experience a healthy growth rate in the same period.

The market is segmented based on the following technology types: Adaptive Cruise Control, Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others ADAS. All these technologies are expected to grow at a healthy pace during the forecast period. Tire monitoring systems will continue to occupy a large market share in the North America and Europe region because of mandated regulation by the US and European (countries’) governments. An adaptive cruise control system is expected to remain dominant in the North American region. Asia- Pacific is estimated to be the fastest-growing region for blind spot detection, emergency brake assist, head-up display, and park assist systems, mainly because of high congestion in traffic and rising purchasing power in developing countries.

In terms of region, North America is estimated to remain the leading market during the forecast period. Increasing demand for high safety features, mandate of some of the key ADAS system installations in the vehicles such as tire pressure monitoring systems, and organic growth in automotive production are the major growth drivers of the region over the next five years. Asia-Pacific is expected to grow at a higher rate during the forecast period because of increased automobile production, especially in China and India, and increasing penetration of ADAS in the major Asia-Pacific markets, such as China, Japan, and India. The Middle East and Latin America are also estimated to experience healthy growth in the same period.

Key Players in the Automotive Advanced Driver Assistance Systems (ADAS) Market

Some of the major players in the automotive advanced driver assistance systems (ADAS) market are-

  • Continental AG
  • Delphi Automotive Plc
  • Denso Corporation
  • Robert Bosch GMBH
  • Magna International Inc.
  • Valeo
  • ZF TRW Automotive.

Other players include-

  • Audi AG
  • BMW AG
  • Ford Motors Co.
  • General Motors.

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