Malaysia Advanced Driving Assistance Systems (ADAS) Market (2022-2028) | Forecast, Growth, Industry, Size,Analysis, Revenue, Outlook, Share, Trends, Value, Segmentation & COVID-19 IMPACT

Malaysia Advanced Driving Assistance Systems Market Synopsis

The Malaysia advanced driving assistance systems (ADAS) market is expected to grow during the forecast period. This growth is mainly attributed to the increasing demand for ADAS in various commercial and noncommercial applications. The market for ADAS is also benefitting from the increasing number of deployments of autonomous vehicles. The Malaysia advanced driving assistance systems market is a part of Asia Pacific advanced driving assistance systems (ADAS) market and global advanced driving assistance systems market.

According to 6Wresearch, the Malaysia advanced driving assistance systems market size is likely to witness growth during 2022-28. There are numerous reasons why the global ADAS market is projected to grow at a rapid pace over the next few years. These reasons include increased demand for advanced safety features in automobiles, an increase in commercial and noncommercial applications of ADAS, as well as growing deployment of autonomous vehicles. Additionally, the rise in popularity of SUVs and other high-impact vehicles has led to an increase in demand for crashworthy cars. This trend has been encouraged by government initiatives such as Safer Roads Programme (SRP), which aims to make India one of the safest countries on earth by 2020. In addition, there is a growing trend among manufacturers to equip their cars with more safety features, including ADAS systems. Further, traffic sign recognition is the largest segment of the ADAS market, accounting for more than two-thirds of the overall revenue. This system uses cameras and sensors to identify traffic signs and control the vehicle accordingly. Forward collision warning and mitigation are the second and third largest segments, respectively. These systems use sensors to detect other vehicles ahead and provide warnings about potential collisions. Autonomous driving is the smallest segment of the market, but it is forecast to grow rapidly over the next few years due to increasing demand from consumers for self-driving cars.

Market Analysis By Product Type

In terms of product type, the market is categorized into adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, intelligent headlights and others. Currently, the park assist account for the highest market share. This growth is mainly attributed to rising demand for ADAS systems in the country owing to increasing number of fatalities and injuries on roadways, as well as government initiatives encouraging the use of ADAS. Further, this growth can be attributed to increasing demand for safer and efficient driving as well as rising awareness about the advantages of using such systems.

Market Analysis By Competitive Landscape

Malaysia ADAS market is highly competitive. The automotive companies are investing large sums of money in ADAS research and development to stay ahead of the competition. This investment is expected to continue over the next few years as companies look for new ways to improve safety and efficiency while reducing emissions levels. Additionally, the key players in the Malaysian ADAS market are Baidu Inc., Continental AG, Denso Corporation, GM Korea LLC, Honda Motor Co., Ltd., Hyundai Motor Company Limited, ITRONICS Pte Ltd., KS Automotive Holding Sdn Bhd., Mahindra & Mahindra Limited, Mitsubishi Motors Corp., Nissan Motor Co., Ltd., PSA Group, Renault SA, Samsung SDI Co., Ltd., Sweden's Volvo Car Group and Thales SA.

COVID-19 Influence on the Malaysia Advanced Driving Assistance Systems Market

The manifestation of Covid-19 pandemic has caused a slowdown in the automotive market. Nevertheless, the market has convalesced progressively in recent years. The growth is attributed to the increasing demand for ADAS from major automotive companies in Malaysia and other Southeast Asian countries. The market is also benefiting from the development of new applications such as semi-autonomous driving and pedestrian detection.

Key Attractiveness of the Report

• COVID-19 Influence on the Market
• 8 Years of Market Numbers
• Historical Numbers from 2018 to 2021.
• Base Year: 2021
• Forecast Data Until 2028
• Key Performance Indicators Influencing the Market.
• Key Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Advanced Driving Assistance Systems Market Overview
• Malaysia Advanced Driving Assistance Systems Market Outlook
• Malaysia Advanced Driving Assistance Systems Market Forecast
• Forecast of Malaysia Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
• Forecast of Malaysia Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
• Forecast of Malaysia Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
• Forecast of Malaysia Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
• Forecast of Malaysia Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
• Malaysia Advanced Driving Assistance Market Share, By Market Players
• Market Drivers and Restraints
• Malaysia Advanced Driving Assistance Market Trends
• Competitive Benchmarking
• Key Strategic Recommendations

Markets Scope and Segmentation

The report delivers a widespread study of the subsequent market segments:

By Product Types

• Adaptive Cruise Control
• Blind spot Detection
• Park Assist
• Autonomous Emergency Braking
• Intelligent Headlights
• Others

By Sensor Types

• LiDAR
• RADAR
• Camera
• Ultrasonic

By Vehicle

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial vehicles

By Regions

• Northern
• Western
• Eastern
• Southern