Market Forecast By Product Types (Adaptive Cruise Control, Blindspot Detection, Park Assist, Autonomous Emergency Braking, Intelligent Headlights & Others), By Sensor Types (LiDAR, RADAR, Camera, Ultrasonic), By Products (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Regions (Northern, Western, Eastern, Southern) And Competitive Landscape
Product Code: ETC437775 | Publication Date: Nov 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
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.
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.
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.
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.
The report delivers a widespread study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope and Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Nigeria Advanced Driving Assistance Systems Market Overview |
3.1 Nigeria Advanced Driving Assistance Systems Market Revenues (2021-2028F) |
3.2 Nigeria Advanced Driving Assistance Systems Market Industry Life Cycle |
3.3 Nigeria Advanced Driving Assistance Systems Market Porterβs Five Forces Model |
3.4 Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F) |
3.5 Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F) |
3.6 Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F) |
3.7 Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F) |
4. Impact Analysis of COVID-19 on Nigeria Advanced Driving Assistance Systems Market |
5. Nigeria Advanced Driving Assistance Systems Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Nigeria Advanced Driving Assistance Systems Market Trends & Evolution |
7. Nigeria Advanced Driving Assistance Systems Market Overview, By Product Types |
7.1 Nigeria Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F) |
7.2 Nigeria Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F) |
7.3 Nigeria Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F) |
7.4 Nigeria Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F) |
7.5 Nigeria Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F) |
7.6 Nigeria Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F) |
8. Nigeria Advanced Driving Assistance Systems Market Overview, By Sensor Types |
8.1 Nigeria Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F) |
8.2 Nigeria Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F) |
8.3 Nigeria Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F) |
8.4 Nigeria Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F) |
9. Nigeria Advanced Driving Assistance Systems Market Overview, By Vehicle Types |
9.1 Nigeria Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F) |
9.2 Nigeria Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F) |
9.3 Nigeria Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F) |
10. Nigeria Advanced Driving Assistance Systems Market Overview, By Regions |
10.1 Nigeria Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F) |
10.2 Nigeria Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F) |
10.3 Nigeria Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F) |
10.4 Nigeria Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F) |
11. Nigeria Advanced Driving Assistance Systems Market - Key Performance Indicators |
12. Nigeria Advanced Driving Assistance Systems Market - Opportunity Assessment |
12.1 Nigeria Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F) |
12.2 Nigeria Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F) |
12.3 Nigeria Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F) |
13. Nigeria Advanced Driving Assistance Systems Market - Price Trend Analysis |
14. Nigeria Advanced Driving Assistance Systems Market Competitive Landscape |
14.1 Nigeria Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021) |
14.2 Nigeria Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters |
15. Company Profiles |
15.1 Bosch Limited |
15.2 Denso Nigeria Pvt Ltd |
15.3 Wabco Nigeria Limited |
15.4 Continental Automotive Components (Nigeria) Pvt Ltd |
15.5 Infineon Technologies Nigeria Pvt Ltd |
15.6 Hella Nigeria Automotive Pvt Ltd |
16. Key Strategic Recommendations |
17. Disclaimer |
List of Figures |
Figure 1: Nigeria Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores) |
Figure 2: Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F |
Figure 3: Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F |
Figure 4: Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F |
Figure 5: Nigeria Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F |
Figure 6: ABS and Electronic brakeforce distribution market penetration in Nigeria, (units) |
Figure 7: Traction control system market penetration in Nigeria, (Units) |
Figure 8: Electronic stability program market penetration in Nigeria, (USD units) |
Figure 9: Number of road accidents in Nigeria, 2016-2020 |
Figure 10: Number of deaths per 100 road accidents in Nigeria |
Figure 11: Number of deaths in road accidents in Nigeria |
Figure 12: Highway Construction in Nigeria (Kilometers) |
Figure 13: Investment outlay for roads under union budget ($ billion) |
Figure 14: Auto Services Market in Nigeria, 2019-2026F, (USD billion) |
Figure 15: Nigeria automobile market growth, 2019-2026F (USD, Billion) |
Figure 16: Nigeria passenger cars penetration, 2019-2026F (per 1000 people) |
Figure 17: Nigeria Advanced Driving Assistance SystemsΒ Market Opportunity Assessment, By Product types, 2028F |
Figure 18: Nigeria Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F |
Figure 19: Nigeria Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F |
Figure 20: Nigeria Advanced driving assistance systems market revenue rankings, By Company |
List of Tables |
Table 1: Autonomous vehicle readiness Index, 2020 |
Table 2: Nigeria Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores) |
Table 3: Nigeria Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores) |
Table 4: Nigeria Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores) |
Table 5: Nigeria Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores) |