Automotive Advanced Driver Assistance Systems Adas | Contrive Datum Insights

The global advanced driver assistance system market size was valued at USD 12.9 billion in 2021 and is expected to expand at a CAGR of 18.2% from 2023 to 2030.

Automotive Advanced Driver Assistance Systems (ADAS) Market Overview:

Advanced Driver Assistance Systems (ADAS) are becoming increasingly prevalent in new vehicles. Human error is the cause of almost all car accidents that can be avoided using ADAS. The goal of ADAS is to prevent death and injury by reducing the incidence of motor vehicle accidents and the severity of unavoidable accidents. For example, Forward Collision Warning (FCW) and Automatic Emergency Braking (AEB) are intended to provide warnings or features to assist the driver in their driving task. These ADAS features are intended to improve driving safety or convenience, but do not take the driver's place. These factors are influencing the growth of the advanced driver assistance systems (ADAS) market.

In Asia Pacific, China, South Korea and India account for majority of the advanced driver assistance systems (ADAS) market. Market expansion in Asia Pacific can be attributed to high vehicle production and use of modern electronics in India, Korea and China. Governments in these countries have recognized the potential for expansion of the automotive industry. They have taken various measures to induce major OEMs to enter the domestic advanced driver assistance systems (ADAS) market. The Ministry of Roads and Transport of India (India) plans to implement ADAS capabilities by 2022. Features such as electronic stability control and automatic emergency braking were tested at an early stage. In India, Tier 1 manufacturers such as Continental are working with OEMs to drive adoption by 2022-2023. All these factors are driving the market growth.

Automotive Advanced Driver Assistance Systems (ADAS) market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Automotive Advanced Driver Assistance Systems (ADAS) market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• Continental plans to build a new plant for advanced driver assistance systems in the United States in May 2022. A new plant is being built to produce radar sensors in New Braunfels, Texas. The total investment amount is about 1. Since Continental is a major player in the ADAS market, the company's global expansion will meet the overall demand.
• In September 2021, Robert Bosch Investment Ltd. worked with Hycan Automobile Technology to develop an automated valet parking system. Hycan Z03 will be equipped with this technology. This is also Hechuang Automobile's first attempt at applying this advanced technology to a mass-produced vehicle.

Major Market Segments Covered in Automotive Advanced Driver Assistance Systems (ADAS) Industry Research:

Market Key Players:
Denso, Aptiv, Robert Bosch GmbH, Continental AG, Magna International, Veoneer, Hyundai Mobis, ZF Friedrichshafen, Valeo, NVIDIA, Intel, Microsemi Corporation, Nidec Corporation, Hella, Texas Instruments, Infineon Technologies AG, Hitachi Automotive, Renesas Electronics Corporation, And Others.

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles
• Other

• Ultrasonic sensor
• Lidar sensor
• Camera sensor
• Radar sensor
• Other

By Application:

• Head-up displays
• Drowsiness monitors
• Blind-spot detection
• Pedestrian protection
• Adaptive cruise control
• Intelligent part aid
• Other

By Region:

Europe and North America have emerged as the dominant regions for the global ADAS market over the past few years, accounting for more than 70% of the global revenue share in 2020. Adoption rates of advanced technologies and presence of major ADAS market players are estimated to drive the ADAS market. in the near future. More than 60 million U.S. vehicles are equipped with ADAS technology as demand for ADAS features increases with customers and cars. Some stores are starting to see customer demand to integrate aftermarket systems into their vehicles.

The Asia Pacific region is expected to emerge as the fastest-growing ADAS market over the next few years, growing at a CAGR of 14.8%. Korea, China, and Japan are estimated to be the major revenue sources for ADAS in the Asia-Pacific Advanced Driver Assistance Systems (ADAS) market in the coming years. Several major ADAS solution providers such as Robert Bosch, Continental, and Denso have local manufacturing facilities.
The market in Asia Pacific is expected to gain a remarkable share over the next decade due to high vehicle sales and manufacturing in the region, significant growth in the adoption of electric vehicles in countries such as Japan and China, and rapid technological developments. in manufacturing units in emerging economies such as India and China. According to recent statistics released by Canalys, nearly 1.3 million electric vehicles were sold in China in 2020 alone. In addition to this, sales within China registered a 50% year-over-year increase in 2021. Likewise, India recorded strong growth in electric vehicles, with 130,000 units sold in fiscal 2019, up 132.1% year over year.

The Asia Pacific region is growing faster due to high automobile production in Korea, China and Japan and the increasing use of advanced electronics. The governments of these countries have taken various initiatives to attract major OEMs to their national markets. Various US and European manufacturers have moved manufacturing to emerge economies. Apart from the drop in vehicle sales due to the COVID-19 pandemic, current safety regulations will increase the penetration of ADAS features into upcoming cars. For example, China has made tire pressure monitoring systems (TPMS) mandatory since 2019. Japan is a major market for high-end electrical and electronic components in the region.

Automotive Advanced Driver Assistance Systems (ADAS) Market report scope:

Market Dynamics:

Market Driver:

Safety rules for vehicles that are very strict

The ADAS market will grow because more people will learn about how safe a car is and because the use of cameras and radars will bring down the cost of parts. Major original equipment manufacturers (OEMs) are using ADAS solutions to improve safety ratings and attract more customers. Because of this, leading OEMs either make safety systems the same for all models or offer them as extras. So, as advanced driver assistance systems become more common, there will be more demand for parts like cameras, radar sensors, ultrasonic sensors, and LiDAR over the next few years.

Market Restraint:

Developing countries don't have the infrastructure they need.

For ADAS to work well, they need basic infrastructure like well-organized roads, clearly marked lanes, and GPS. In developing countries, the ADAS market isn't growing as fast as it could because there isn't good infrastructure outside of cities, it's expensive, and people don't know how to drive or have good driving habits. Also, the ongoing COVID-19 pandemic will cause financial problems that will slow down the building of modern infrastructure for smart transportation.

Market Opportunity:

The rise of self-driving cars

The use of self-driving cars is expected to change how people get to work. With features like lane monitoring, emergency brakes, stability controls, and others, ADAS technologies have made driving much less complicated. Autonomous vehicles use high-tech tools like LiDAR, radar, ultrasonic sensors, and high-definition cameras to gather information. A smart autonomous driving system inside the car looks at this information to move the car safely. In the next few years, Tesla, Volkswagen, Ford, General Motors, and Waymo all plan to sell cars that can drive themselves. Nissan said in March 2018 that it would put ProPILOT in 20 models by 2022. OEMs could add more cruise control features and more advanced safety systems to semi-autonomous vehicles if they paid more attention to autonomous driving systems.

Market Challenge:

Limitations on the environment and security risks

Most of the safety features of ADAS, like radar sensors, LiDAR sensors, ultrasonic sensors, cameras, infrared, and a number of actuators, are made up of sensors. These sensors and actuators check the fields in all directions to make sure that the driver, passengers, and people on the street are safe. The way the system works is affected by things like traffic and the weather. Without accurate fail safe methods, the safety of the occupants could be at risk. Advanced driver assistance systems must have the right amount of automation and manual control for them to work safely. In addition to being able to do its job, ADAS must also be safe from hackers who want to do harm. If a hacker gets into the system, they could take control of the car. Several studies have shown that Bluetooth, Wi-Fi, or even GPS can be used to control a car. Threats to security like these are a big problem for system makers and OEMs.

Crucial Points from this Automotive Advanced Driver Assistance Systems (ADAS) Report

• Estimate Automotive Advanced Driver Assistance Systems (ADAS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Automotive Advanced Driver Assistance Systems (ADAS) market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.