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

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: ETC4377759 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Advanced Driving Assistance Systems Market Synopsis

The increase in demand for driving assistance systems is owing to the rising incidence of road accidents, and the consequent need for safe and efficient transportation. Moreover, increasing urbanization is also contributing to the growth of the Philippine advanced driving assistance systems market. The Philippines 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 Philippines advanced driving assistance systems market size is likely to witness growth during 2022-28. The increasing prevalence of road accidents is one of the major drivers behind the growth of the Philippine Advanced Driving Assistance Systems market. This is due to several factors such as an increase in vehicular pollution, growing trend towards mechanization, and rise in population density. Additionally, another factor that is fueling the growth of the Philippine Advanced Driving Assistance Systems market is increasing urbanization. This is because more people are moving into cities, which consequently increases their need for efficient means of transportation such as driving assistance systems. Further, this growth can be attributed to the rising demand for safer and efficient driving, as well as the growing need for protection from accidents. The increasing number of elderly drivers in the Philippines is also fueling the demand for advanced driving assistance systems. Additionally, rising investments in transportation infrastructure projects such as highway expansion and airport construction are expected to drive growth in this market.

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. Further, growing demand for safe and faster transport also contributes to increased demand for driving assistance systems in the Philippines. This is because people want to travel without having to worry about getting involved in any traffic jams or accidents. Additionally, there are various alternatives to the Philippines ADAS market such as manual driving, GPS navigation, and autonomous driving. Manual driving is the most popular choice in the Philippines Advanced Driving Assistance Systems market as it is cost-effective and can be mastered by novice drivers. GPS navigation is also a popular choice in the Philippines Advanced Driving Assistance Systems market as it offers accurate directions and provides real-time traffic updates. Autonomous driving technology is expected to grow in popularity in the Philippines Advanced Driving Assistance Systems market as it allows drivers to remain engaged with the road while the car drives itself.

Market Analysis By Competitive Landscape

The companies are expanding their operations in the country due to its growing economy and increasing demand for safe driving conditions. Some of these firms have also invested in innovative ADAS technologies that are not available in other markets such as autonomous navigation and lane departure warning systems. This competitive advantage is expected to propel these players to emerge as leaders in the Philippines ADAS market. Additionally, some of the key challenges that these companies will face include limited awareness about ADAS technologies among consumers and drivers, lack of infrastructure development for testing and deployment of these systems, high procurement costs associated with deploying these systems, and lack of skilled manpower for installation and operation of these systems.

COVID-19 Influence on the Philippines 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. This growth can be attributed to the increasing number of vehicles on the roads and growing awareness about the benefits of ADAS technologies. Further, the government's initiatives to promote road safety and improve infrastructure are also expected to drive growth in the ADAS market in the Philippines. Rising consumer demand for enhanced driving experiences is also expected to boost the market. Other factors that are expected to contribute toward market growth include increasing investment in technology by businesses, rising population, and increased demand from OEMs and Tier 1 suppliers.

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

  • Philippines Advanced Driving Assistance Systems Market Overview
  • Philippines Advanced Driving Assistance Systems Market Outlook
  • Philippines Advanced Driving Assistance Systems Market Forecast
  • Forecast of Philippines Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
  • Forecast of Philippines Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
  • Forecast of Philippines Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
  • Forecast of Philippines Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
  • Forecast of Philippines Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
  • Philippines Advanced Driving Assistance Market Share, By Market Players
  • Market Drivers and Restraints
  • Philippines 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
Frequently Enquired Queries Regarding the Market Study: FAQs

1). Does the report include the impression of COVID-19?

The report not only has considered COVID-19 impact but also current market dynamics, trends, and KPIs into consideration.

2). Which product type accounts for the maximum market share in the Philippines Advanced     Driving Assistance Systems Market?

By product types, park assist systems accounted for the highest share owing to their higher cost arising from numerous sensors that are required for the functioning of the system.

3). Which segment is exhibited to gain traction over the forecast period?

By sensor types, camera sensors acquired the highest market revenue share in Philippines advanced driving assistance systems market owing to their multi-utility advantage.

4). What are the critical factors which are increasing the market demand?                                                

The growth of the market is attributed to increasing demand for safety and security features in vehicles, increasing government regulations, and increased adoption of ADAS across various vehicle segments.

5). What are the major challenges in the Philippines advanced driving assistance systems Market? 

Some of the major challenges are lack of awareness among consumers. 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.

6). Is customization available in the market study?

Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements.

7). We also want to have market reports for other countries/regions.

6Wresearch has a database of more than 60 countries globally, which can make us your first choice of all your research needs.

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. Philippines Advanced Driving Assistance Systems Market Overview
3.1 Philippines Advanced Driving Assistance Systems Market Revenues (2021-2028F)
3.2 Philippines Advanced Driving Assistance Systems Market Industry Life Cycle
3.3 Philippines Advanced Driving Assistance Systems Market Porter’s Five Forces Model
3.4 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F)
3.5 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F)
3.6 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F)
3.7 Philippines Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F)
4. Impact Analysis of COVID-19 on Philippines Advanced Driving Assistance Systems Market
5. Philippines Advanced Driving Assistance Systems Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6. Philippines Advanced Driving Assistance Systems Market Trends & Evolution
7. Philippines Advanced Driving Assistance Systems Market Overview, By Product Types
7.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F)
7.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F)
7.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F)
7.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F)
7.5 Philippines Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F)
7.6 Philippines Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F)
8. Philippines Advanced Driving Assistance Systems Market Overview, By Sensor Types
8.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F)
8.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F)
8.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F)
8.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F)
9. Philippines Advanced Driving Assistance Systems Market Overview, By Vehicle Types
9.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F)
9.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F)
9.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F)
10. Philippines Advanced Driving Assistance Systems Market Overview, By Regions
10.1 Philippines Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F)
10.2 Philippines Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F)
10.3 Philippines Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F)
10.4 Philippines Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F)
11. Philippines Advanced Driving Assistance Systems Market - Key Performance Indicators
12. Philippines Advanced Driving Assistance Systems Market - Opportunity Assessment
12.1 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F)
12.2 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F)
12.3 Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F)
13. Philippines Advanced Driving Assistance Systems Market - Price Trend Analysis
14. Philippines Advanced Driving Assistance Systems Market Competitive Landscape
14.1 Philippines Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021)
14.2 Philippines Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters
15. Company Profiles
15.1 Bosch Limited
15.2 Denso Philippines Pvt Ltd
15.3 Wabco Philippines Limited
15.4 Continental Automotive Components (Philippines) Pvt Ltd
15.5 Infineon Technologies Philippines Pvt Ltd
15.6 Hella Philippines Automotive Pvt Ltd
16. Key Strategic Recommendations
17. Disclaimer
List of Figures
Figure 1: Philippines Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores)
Figure 2: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F
Figure 3: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F
Figure 4: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F
Figure 5: Philippines Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F
Figure 6: ABS and Electronic brakeforce distribution market penetration in Philippines, (units)
Figure 7: Traction control system market penetration in Philippines, (Units)
Figure 8: Electronic stability program market penetration in Philippines, (USD units)
Figure 9: Number of road accidents in Philippines, 2016-2020
Figure 10: Number of deaths per 100 road accidents in Philippines
Figure 11: Number of deaths in road accidents in Philippines
Figure 12: Highway Construction in Philippines (Kilometers)
Figure 13: Investment outlay for roads under union budget ($ billion)
Figure 14: Auto Services Market in Philippines, 2019-2026F, (USD billion)
Figure 15: Philippines automobile market growth, 2019-2026F (USD, Billion)
Figure 16: Philippines passenger cars penetration, 2019-2026F (per 1000 people)
Figure 17: Philippines Advanced Driving Assistance Systems  Market Opportunity Assessment, By Product types, 2028F
Figure 18: Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F
Figure 19: Philippines Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F
Figure 20: Philippines Advanced driving assistance systems market revenue rankings, By Company
List of Tables
Table 1: Autonomous vehicle readiness Index, 2020
Table 2: Philippines Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores)
Table 3: Philippines Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores)
Table 4: Philippines Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores)
Table 5: Philippines Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores)
 
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