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

Nigeria Advanced Driving Assistance Systems Market Synopsis

The Nigeria Advanced Driving Assistance Systems (ADAS) market is estimated to grow during the forecast period. ADAS systems are designed to assist drivers in various driving conditions and can include features such as lane departure warning, forward collision warning, blind spot monitoring, and adaptive cruise control. Additionally, the increasing popularity of automated driving technology is expected to drive the Nigeria ADAS market growth over the forecast period. Other factors that are expected to propel the market growth include increasing demand for safer vehicles, growing government spending on road infrastructure and safety initiatives, and increased investment in R&D activities by key players in the industry. However, the high cost of developing and deploying ADAS systems presents a restrainer to the overall market growth prospects. The Nigeria advanced driving assistance systems market is a part of Africa advanced driving assistance systems market and global advanced driving assistance systems market.

According to 6Wresearch, the Nigeria advanced driving assistance systems market size is likely to witness growth during 2022-28. This growth can be attributed to the increasing number of people who are opting for advanced driving assistance systems in order to improve their safety and protect themselves from injury or even death. The growing trend of using these systems in Nigeria is also attributable to the government's initiatives to promote road safety, which has resulted in an increase in the demand for these products. Further, user awareness is also expected to drive growth in the Nigeria Advanced Driving Assistance Systems market during the forecast period. This is due to increased media coverage of advanced driving assistance systems (ADAS) in general and self-driving cars in particular. Furthermore, there has been a rise in educational institutions offering courses on ADAS technologies. This is expected to increase user awareness of these systems and consequently drive demand for them. Moreover, commercial sector demand is also expected to grow significantly during the forecast period. This is due to increasing investments by global companies into various sectors such as logistics, transportation, and insurance. These investments are likely to result in a rise in demand for ADAS systems across various industries such as transport, retail, and insurance sectors.

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. The increasing number of vehicles on the roads, rising demand for safety features, and rising population are some of the factors that are expected to drive this market. This growth can be attributed to the increasing adoption of advanced driving assistance systems (ADAS) in Nigeria, as well as the increasing demand for safer roads due to rising accident rates.

Market Analysis By Competitive Landscape

Some of the major players operating in the Nigeria advanced driving assistance systems market. These companies offer a broad range of products that include radar-based collision warning, lane departure warning, adaptive cruise control, and blind spot detection/avoidance. Some of these technologies are already being used by OEMs across different regions such as Europe, Asia Pacific, and North America. Additionally, this growth is due to increasing government initiatives, rising user awareness, and increasing demand from the commercial sector. Additionally, government initiatives are likely to drive the growth of the Nigeria Advanced Driving Assistance Systems market during the forecast period. These initiatives include the launch of the National Automated Driving Centre in 2018 and the Nigerian Urban Roads Programme 2020. Additionally, there are several domestic and international companies that have started operations in Nigeria, which is expected to increase demand for these systems.

COVID-19 Influence on the Nigeria 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 factors that are driving this growth include increasing adoption of advanced driving assistance systems in countries such as Nigeria, growing government investments and initiatives for promoting road safety, and increase in R&D activities by key players. However, the high cost of these systems, lack of awareness about their benefits, and inadequate infrastructure are some of the key challenges faced by the market players.

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:

• Nigeria Advanced Driving Assistance Systems Market Overview
• Nigeria Advanced Driving Assistance Systems Market Outlook
• Nigeria Advanced Driving Assistance Systems Market Forecast
• Forecast of Nigeria Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
• Forecast of Nigeria Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
• Forecast of Nigeria Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
• Forecast of Nigeria Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
• Forecast of Nigeria Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
• Nigeria Advanced Driving Assistance Market Share, By Market Players
• Market Drivers and Restraints
• Nigeria 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