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 Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest Of Asia), and competitive landscape
Product Code: ETC437767 | Publication Date: Nov 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Advanced Driving Assistance Systems (ADAS) Market is expected to grow during the forecast period. The growth can be attributed to the increasing adoption of these systems by carmakers and OEMs in North America, Europe, and Asia Pacific Advanced Driving Assistance Systems have been gaining popularity in the Asia Pacific region due to increasing awareness of the usefulness of these systems, growing demand for safety features, and various government initiatives aimed at improving road safety in this region. Additionally, the market is expected to grow over the coming years. This growth is primarily driven by factors such as the rising adoption of advanced driving assistance systems in luxury vehicles, increasing demand for ADAS in commercial vehicles, and increasing demand for ADAS systems for applications such as emergency response vehicles, law enforcement vehicles, and transportation service providers. The market is also anticipated to be benefitted from increasing investments in R&D facilities across the region. The Asia Pacific Advanced Driving Assistance Systems (ADAS) Market is a part of the global advanced driving assistance systems market.
According to 6Wresearch, the Asia Pacific Advanced Driving Assistance Systems (ADAS) Market size is likely to witness growth during 2022-28. This growth can be attributed to the increasing number of vehicles on the roads, as well as the growing trend of autonomous driving. The market is further segmented into commercial vehicles and passenger cars. Additionally, commercial vehicles are projected to account for the largest share of the overall market, followed by passenger cars. Autonomous driving is expected to play a significant role in the growth of this market, as it offers numerous benefits such as reducing congestion and improving safety. The growth prospects for the Asia Pacific Advanced Driving Assistance Systems (ADAS) Market are dominantly influenced by factors such as rising levels of traffic congestion, increasing sales of autonomous vehicles, growing demand for sophisticated safety features, expansion of industrial applications, and rise in investment in R&D activities. However, stringent government regulations need to be implemented in order for autonomous driving to be commercially successful. One of the biggest factors accounting for the market growth is that India ADAS Market is a major part of it that plays a key role in the growth of this market.
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 assists account for the highest market share. The growth of the ADAS market can be attributed to the increasing adoption of advanced driving aids across various segments such as passenger cars, commercial vehicles, and motorcycles. Additionally, some of the key factors that are expected to drive the growth of the ADAS market include growing demand for passenger cars and commercial vehicles for advanced safety features, growing deployment of autonomous driving technology by OEMs, and increasing government initiatives in developing countries such as India and China. However, restraining factors such as the high cost of sensors and other hardware, lack of standardization among various vendors, and low consumer awareness could hamper the growth of the ADAS market.
The China market is expected to account for the largest market share of the overall Asia Pacific Advanced Driving Assistance Systems (ADAS) Market. The increase in the number of electric vehicles and rising consumer awareness about safety features are major factors fuelling the growth of the China market. The Japan market is also witnessing high demand for these systems owing to stringent regulations related to road safety and a growing preference for traditional cars over electric cars. Other countries such as India and South Korea are also witnessing a rise in the adoption of these systems due to their increasing dependence on automobiles for various purposes such as commuting and transportation.
The manifestation of the Covid-19 pandemic has caused a slowdown in the automotive market. Nevertheless, the market has convalesced progressively in recent years. India Advanced Driving Assistance Systems Market is one of the key parts of the Asia Pacific ADAS market which is highly contributing to the market growth. Further, some of the key developments that are anticipated to drive growth in the Asia Pacific Advanced Driving Assistance Systems (ADAS) Market include an increasing number of accidents and fatalities due to negligence, rising demand for advanced safety features by consumers, and an increase in adoption of intelligent driving technologies across various industries.
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. Asia Pacific Advanced Driving Assistance Systems Market Overview |
3.1 Asia Pacific Advanced Driving Assistance Systems Market Revenues (2021-2028F) |
3.2 Asia Pacific Advanced Driving Assistance Systems Market Industry Life Cycle |
3.3 Asia Pacific Advanced Driving Assistance Systems Market Porterβs Five Forces Model |
3.4 Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Product Types (2021 & 2028F) |
3.5 Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types (2021 & 2028F) |
3.6 Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types (2021 & 2028F) |
3.7 Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Regions (2021 & 2028F) |
4. Impact Analysis of COVID-19 on Asia Pacific Advanced Driving Assistance Systems Market |
5. Asia Pacific Advanced Driving Assistance Systems Market Dynamics |
5.1 Impact Analysis |
5.2 Market Drivers |
5.3 Market Restraints |
6. Asia Pacific Advanced Driving Assistance Systems Market Trends & Evolution |
7. Asia Pacific Advanced Driving Assistance Systems Market Overview, By Product Types |
7.1 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Adaptive Cruise Control (2021-2028F) |
7.2 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Blindspot Detection (2021-2028F) |
7.3 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Park Assist (2021-2028F) |
7.4 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Autonomous Emergency Breaking (2021-2028F) |
7.5 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Intelligent Headlights (2021-2028F) |
7.6 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Others (2021-2028F) |
8. Asia Pacific Advanced Driving Assistance Systems Market Overview, By Sensor Types |
8.1 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Light Detection and Ranging (2021-2028F) |
8.2 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Radar (2021-2028F) |
8.3 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Camera (2021-2028F) |
8.4 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Ultrasonic (2021-2028F) |
9. Asia Pacific Advanced Driving Assistance Systems Market Overview, By Vehicle Types |
9.1 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Passenger Cars (2021-2028F) |
9.2 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Light Commercial Vehicles (2021-2028F) |
9.3 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Heavy Commercial vehicles (2021-2028F) |
10. Asia Pacific Advanced Driving Assistance Systems Market Overview, By Regions |
10.1 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Northern Region (2021-2028F) |
10.2 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Western Region (2021-2028F) |
10.3 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Eastern Region (2021-2028F) |
10.4 Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Southern Region (2021-2028F) |
11. Asia Pacific Advanced Driving Assistance Systems Market - Key Performance Indicators |
12. Asia Pacific Advanced Driving Assistance Systems Market - Opportunity Assessment |
12.1 Asia Pacific Advanced Driving Assistance Systems Market Opportunity Assessment, By Product Types (2028F) |
12.2 Asia Pacific Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor Types (2028F) |
12.3 Asia Pacific Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions (2028F) |
13. Asia Pacific Advanced Driving Assistance Systems Market - Price Trend Analysis |
14. Asia Pacific Advanced Driving Assistance Systems Market Competitive Landscape |
14.1 Asia Pacific Advanced Driving Assistance Systems Market Revenue Ranking, By Companies (2021) |
14.2 Asia Pacific Advanced Driving Assistance Systems Market Competitive Benchmarking, By Operating Parameters |
15. Company Profiles |
15.1 Bosch Limited |
15.2 Denso Asia Pacific Pvt Ltd |
15.3 Wabco Asia Pacific Limited |
15.4 Continental Automotive Components (Asia Pacific) Pvt Ltd |
15.5 Infineon Technologies Asia Pacific Pvt Ltd |
15.6 Hella Asia Pacific Automotive Pvt Ltd |
16. Key Strategic Recommendations |
17. Disclaimer |
List of Figures |
Figure 1: Asia Pacific Advanced Driving Assistance Systems Market Revenues, 2021-2028F (INR Crores) |
Figure 2: Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Product Types, 2021 & 2028F |
Figure 3: Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Sensor Types, 2021 & 2028F |
Figure 4: Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Vehicle Types, 2021 & 2028F |
Figure 5: Asia Pacific Advanced Driving Assistance Systems Market Revenue Share, By Regions, 2021 & 2028F |
Figure 6: ABS and Electronic brake force distribution market penetration in Asia Pacific, (units) |
Figure 7: Traction control system market penetration in Asia Pacific, (Units) |
Figure 8: Electronic stability program market penetration in Asia Pacific, (USD units) |
Figure 9: Number of road accidents in Asia Pacific, 2016-2020 |
Figure 10: Number of deaths per 100 road accidents in Asia Pacific |
Figure 11: Number of deaths in road accidents in Asia Pacific |
Figure 12: Highway Construction in Asia Pacific (Kilometers) |
Figure 13: Investment outlay for roads under union budget ($ billion) |
Figure 14: Auto Services Market in Asia Pacific, 2019-2026F, (USD billion) |
Figure 15: Asia Pacific automobile market growth, 2019-2026F (USD, Billion) |
Figure 16: Asia Pacific passenger cars penetration, 2019-2026F (per 1000 people) |
Figure 17: Asia Pacific Advanced Driving Assistance SystemsΒ Market Opportunity Assessment, By Product types, 2028F |
Figure 18: Asia Pacific Advanced Driving Assistance Systems Market Opportunity Assessment, By Sensor types, 2028F |
Figure 19: Asia Pacific Advanced Driving Assistance Systems Market Opportunity Assessment, By Regions, 2028F |
Figure 20: Asia Pacific Advanced driving assistance systems market revenue rankings, By Company |
List of Tables |
Table 1: Autonomous vehicle readiness Index, 2020 |
Table 2: Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Product Types, 2021-2028F (INR Crores) |
Table 3: Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Sensor Types, 2021-2028F (INR Crores) |
Table 4: Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Vehicle Types, 2021-2028F (INR Crores) |
Table 5: Asia Pacific Advanced Driving Assistance Systems Market Revenues, By Regions, 2021-2028F (INR Crores) |