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 (North America, Latin America, Europe, Asia Pacific, Middle East And Africa) And Competitive Landscape
Product Code: ETC4377765 | Publication Date: Dec 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 35 |
Advanced driving assistance systems market is expected to grow during the forecast period. The growth of this market is mainly attributed to the increasing adoption of these systems by the buyers across various industries. Additionally, one of the major challenges facing the ADAS market is that many consumers do not know about or trust the technology. This can be due to concerns about safety and privacy, as well as doubts about whether the technology is effective. Additionally, there are limited options for deploying ADAS systems in vehicles, which has led to slow adoption rates. Further, another challenge facing the Global ADAS market is regulatory uncertainty. Countries are still exploring how best to implement and regulate these technologies, which can lead to delays in implementation and hindered innovation. Additionally, some countries have not yet developed legislation or regulations regarding ADAS systems, which creates a challenge for companies seeking to sell their products in those countries.
According to 6Wresearch, the advanced driving assistance systems market size is likely to witness growth during 2022-28. The growth is attributed to the increasing demand for safety and security features in vehicles, increasing government regulations, and increased adoption of ADAS across various vehicle segments. Additionally, sensor-based ADAS products are dominant in the market owing to their low cost and easy installation. However, they suffer from low accuracy and reliability due to the use of sensors that are prone to interference. Software-based ADAS products offer better accuracy but are more expensive than sensor-based ADAS products. They are also difficult to deploy in vehicles owing to their reliance on electronic controls. Infrastructure-based ADAS products provide accurate readings even when devices are out of range or when there is heavy traffic congestion. They are mainly used for managing traffic flow and providing warnings about potential hazards on roads. Commercial end users constitute the largest segment of the ADAS market owing to their growing investments in safety features for transport fleets. Noncommercial end users such as individual drivers and carmakers have also shown interest in using ADAS technology for improving safety and convenience features in their vehicles.
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. Additionally, the sensor-based ADAS market is expected to grow at the highest rate, owing to the growing demand for safety and security features in vehicles. The software-based ADAS market is expected to grow at a higher rate than the sensor-based ADAS market owing to their better accuracy. The infrastructure-based ADAS market is expected to grow at a slower rate than the other two segments owing to the high costs associated with its deployment.
In terms of regions, the North America ADAS market dominates the overall global ADAS market with majority of the market share. This dominance was attributable to several factors such as increasing number of introductions from key players such as Nissan Motor Co., Ltd., Audi AG, BMW AG, Ford Motor Company LLC., General Motors Corporation (GM), and Toyota Motor Corp., among others. Further, the advanced driving assistance systems market is expected to grow at a higher rate in North America than in Europe. This is due to the increased adoption of these systems in commercial vehicles and semi-personal vehicles, which are more prevalent in North America. Additionally, Europe is expected to witness a significant growth owing to increase in demand from countries such as Germany and UK. Further, Asia Pacific will account for majority of the demand for ADAS in future.
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 driven by the increasing adoption of these systems in various segments, such as luxury cars, commercial vehicles, and semi-personal vehicles. These systems are beneficial in terms of providing enhanced safety and comfort for the driver and passengers. Some of the key factors that are contributing to the growth of this market include rising customer awareness about the benefits offered by these systems, increased deployment of intelligent transportation systems (ITS) across various regions, and growing demand for autonomous vehicles.
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. Global Advanced Driving Assistance Systems Market Overview |
3.1 Global Advanced Driving Assistance Systems Market Revenues (2021-2028F) |
3.2 Global Advanced Driving Assistance Systems Market Industry Life Cycle |
3.3 Global Advanced Driving Assistance Systems Market Porter’s Five Forces Model |
3.4 Global Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F) |
3.5 Global Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F) |
3.6 Global Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F) |
3.7 Global Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F) |
4. Impact Analysis of COVID-19 on Global Advanced Driving Assistance Systems Market |
5. Global Advanced Driving Assistance Systems Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Global Advanced Driving Assistance Systems Market Trends & Evolution |
7. Global Advanced Driving Assistance Systems Market Overview, By Product Types |
7.1 Global Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F) |
7.2 Global Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F) |
7.3 Global Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F) |
7.4 Global Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F) |
7.5 Global Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F) |
7.6 Global Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F) |
8. Global Advanced Driving Assistance Systems Market Overview, By Sensor Types |
8.1 Global Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F) |
8.2 Global Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F) |
8.3 Global Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F) |
8.4 Global Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F) |
9. Global Advanced Driving Assistance Systems Market Overview, By Vehicle Types |
9.1 Global Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F) |
9.2 Global Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F) |
9.3 Global Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F) |
10. Global Advanced Driving Assistance Systems Market Overview, By Regions |
10.1 Global Advanced Driving Assistance Systems Market Revenues, By North America (2021-2028F) |
10.2 Global Advanced Driving Assistance Systems Market Revenues, By Latin America (2021-2028F) |
10.3 Global Advanced Driving Assistance Systems Market Revenues, By Europe (2021-2028F) |
10.4 Global Advanced Driving Assistance Systems Market Revenues, By Asia Pacific (2021-2028F) |
10.5 Global Advanced Driving Assistance Systems Market Revenues, By Middle East (2021-2028F) |
10.6 Global Advanced Driving Assistance Systems Market Revenues, By Africa (2021-2028F) |
11. Global Advanced Driving Assistance Systems Market - Key Performance Indicators |
12. Global Advanced Driving Assistance Systems Market - Opportunity Assessment |
12.1 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F) |
12.2 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F) |
12.3 Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F) |
13. Global Advanced Driving Assistance Systems Market - Price Trend Analysis |
14. Global Advanced Driving Assistance Systems Market Competitive Landscape |
14.1 Global Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021) |
14.2 Global Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters |
15. Company Profiles |
15.1 Bosch Limited |
15.2 Denso Global Pvt Ltd |
15.3 Wabco Global Limited |
15.4 Continental Automotive Components (Global) Pvt Ltd |
15.5 Infineon Technologies Global Pvt Ltd |
15.6 Hella Global Automotive Pvt Ltd |
16. Key Strategic Recommendations |
17. Disclaimer |
List of Figures |
Figure 1: Global Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores) |
Figure 2: Global Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F |
Figure 3: Global Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F |
Figure 4: Global Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F |
Figure 5: Global Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F |
Figure 6: ABS and Electronic brake force distribution market penetration in Global, (units) |
Figure 7: Traction control system market penetration in Global, (Units) |
Figure 8: Electronic stability program market penetration in Global, (USD units) |
Figure 9: Number of road accidents in Global, 2016-2020 |
Figure 10: Number of deaths per 100 road accidents in Global |
Figure 11: Number of deaths in road accidents in Global |
Figure 12: Highway Construction in Global (Kilometers) |
Figure 13: Investment outlay for roads under union budget ($ billion) |
Figure 14: Auto Services Market in Global, 2019-2026F, (USD billion) |
Figure 15: Global automobile market growth, 2019-2026F (USD, Billion) |
Figure 16: Global passenger cars penetration, 2019-2026F (per 1000 people) |
Figure 17: Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Product types, 2028F |
Figure 18: Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F |
Figure 19: Global Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F |
Figure 20: Global Advanced driving assistance systems market revenue rankings, By Company |
List of Tables |
Table 1: Autonomous vehicle readiness Index, 2020 |
Table 2: Global Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores) |
Table 3: Global Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores) |
Table 4: Global Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores) |
Table 5: Global Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores) |