Thailand Advanced Driving Assistance Systems Market Synopsis
The Thailand advanced driving assistance systems market is projected to grow during the forecast period. The growth is attributed to the increasing number of vehicles on the road and rising awareness about the benefits of these systems. Moreover, government initiatives such as the National Automotive Policy (NAP) 2021 and Digital India program are expected to drive the market growth. The Thailand advanced driving assistance systems market is a part of Asia Pacific advanced driving assistance systems market and global advanced driving assistance systems market.
According to 6Wresearch, the Thailand advanced driving assistance systems market size is likely to witness growth during 2022-28. Some of the key factors that are contributing to the growth of this market, such as increasing population, rising safety concerns, and advancements in technology. Additionally, the penetration of ADAS systems in the automotive industry is quickly increasing across various regions due to their promising benefits. These systems can improve driver safety and efficiency by providing assistance during critical driving situations, such as intersections, ride-sharing services, and other high-risk activities. Further, the Asia Pacific region is expected to account for the largest share of the overall ADAS market in 2020. This region has witnessed significant growth owing to factors such as increasing investment in transportation infrastructure and growing demand for autonomous vehicles.
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. Additionally, the commercial vehicle segment is the largest market for advanced driving assistance systems in Thailand. Passenger car segment is expected to grow at a higher rate than the commercial vehicle segment due to increasing number of electric and hybrid vehicles on the road.
Market Analysis By Competitive Landscape
In the Thailand ADAS market the companies are focused on developing various types of advanced driving assistance systems for different markets such as commercial vehicles, passenger cars, and autonomous vehicles. Some of these systems are also being developed for other applications such as traffic supervision and fleet management. Further, some of the key factors that are fueling the growth of this market include increasing demand from government organizations for vehicular safety features, growing number of electric and hybrid vehicles on the road, and increase in investment in R&D activities by major manufacturers.
COVID-19 Influence on the Thailand 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. Some of the challenges that the market is facing include increasing popularity of semi-autonomous and fully autonomous vehicles, high cost of developing and deploying advanced driving assistance systems, and lack of understanding about the benefits of these systems by consumers.
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 Attractiveness of the Report
- Thailand Advanced Driving Assistance Systems Market Overview
- Thailand Advanced Driving Assistance Systems Market Outlook
- Thailand Advanced Driving Assistance Systems Market Forecast
- Forecast of Thailand Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
- Forecast of Thailand Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
- Forecast of Thailand Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
- Forecast of Thailand Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
- Forecast of Thailand Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
- Thailand Advanced Driving Assistance Market Share, By Market Players
- Market Drivers and Restraints
- Thailand 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
