Bangladesh Advanced Driving Assistance Systems (ADAS) Market (2022-2028) | Forecast, Analysis, Revenue, Outlook, Growth, Industry, Size, Share, Trends, Value, 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: ETC437768 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Bangladesh Advanced Driving Assistance Systems Market Synopsis

Bangladesh is an emerging market with a population of over 150 million people. The country's economy is expected to grow steadily, making it one of the fastest-growing economies in the world. This growth has led to increased demand for transportation and other infrastructure, including advanced driving assistance systems (ADAS). The Bangladesh 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 Bangladesh advanced driving assistance systems market size is likely to witness growth during 2022-28. The key factors contributing to the growth of the market include rising demand for safety features in vehicles and increasing awareness about the benefits of advanced driving assistance systems (ADAS), especially among the younger population. The market is faced with a number of challenges such as high costs, lack of awareness, and unreliable technology. These challenges are expected to hinder the growth of the market. However, the government's initiatives such as the Digital Bangladesh project are expected to help overcome these challenges and foster the market growth. Additionally, based on type, the Bangladesh Advanced Driving Assistance Systems market is segmented into Lane Departure Warning (LDW), Traffic Sign Recognition (TSR), Driver Alertness Monitor (DAM), and Road Collision Avoidance System (RCAS). LDW systems help drivers stay aware of their surroundings by warning them when they stray from their lane or miss a traffic sign. TSR systems help drivers recognize stop signs, traffic lights, and pedestrian crossings. DAM monitors driver attentiveness by measuring eye movement data and sending alerts if it falls below preset thresholds. RCAS helps drivers avoid collisions by providing real-time warnings about potential danger areas ahead.

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. The main drivers of the market growth include rising demand for safety features in vehicles, increasing government initiatives to promote alternative fuel vehicles, and increasing investment in technology infrastructure across the automotive sector. However, some key restraints on the market growth include weak consumer spending power and limited awareness among motorists about the benefits of ADAS products.

Market Analysis By Application

Bangladesh advanced driving assistance systems are also segmented based on application category such as Commercial Vehicles, Passenger Cars, Heavy Vehicles, and Others. Commercial Vehicles include buses, trucks, and vans while Passenger Cars include sedans, coupes, and sports cars. Heavy Vehicles include construction equipment, heavy trucks, and locomotives while Others includes motorcycles and bicycles. Additionally, Bangladesh is one of the fastest-growing economies in the world, and the country is also experiencing a rapid population growth. These factors are expected to drive the demand for ADAS in Bangladesh over the next few years.

COVID-19 Influence on the Bangladesh 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. The growth in this market is attributed to several factors such as an increase in the number of road accidents, high demand for safety features in vehicles, and growing concerns about global warming. Additionally, the government of Bangladesh is encouraging the use of ADAS in order to improve road safety and promote urbanization. In addition, the rising number of young drivers in Bangladesh is expected to boost demand for ADAS products.

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

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