ADAS Market Forecast 2017 – 2024 Key Participants are Continental, Delphi Automotive, Denso, Harman International, Hyundai Mobis, Mobileye N.V., Nvidia Corporation, TRW Automotive, Autoliv, Bosch, Renesas Electronics Corporation, Hella, Takata Corporati
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Advanced Driver Assistance System Market share is led by park assist systems due to increasing adoption particularly from aftermarket. Faster parking and reduced curb strikes are among key properties supporting the product demand. Rising demand from passenger and commercial vehicles particularly for forward collision warning functions has enhanced the industry growth.
Image sensors dominated the industry share contributing over 33% of the ADAS market revenue in 2016. Evolution of modern computer vision analysis system with effective object identification will support the product penetration. Strong outlook for image sensors in auto high beam, blind spot detection, lane departure warning systems, night vision and surround view systems will support the business growth.
Shifting preference for sensing systems in automobiles to avoid road accidents has enhanced the Advanced Driver Assistance System (ADAS) demand. As per WHO, global road traffic deaths reached 1.25 million in 2015. Increasing consumer awareness pertaining to travel safety and security will propel the industry growth. Stringent government regulations for vehicle safety to ensure public health security will support the product demand.
Effective safety functions in steering, braking, monitoring and warning are key properties driving the industry demand. In addition, increasing adoption of ADAS to enhance economy and comfort with functions including monitoring blind spots and parking assistance will support the product demand.
Inclination towards advanced safety systems among OEMs to differentiate their brand and gain competitive advantage will drive the ADAS market growth. Rising demand from autonomous cars owing to its significant benefits including reduced traffic, increased safety and improved transportation service will propel the industry growth.
Expensive costs associated with sensors and other components has influenced the ADAS price trend. Inter-sensor communication concerns resulting in software failure may hamper the industry growth. Moreover, lack of consumer awareness pertaining to product benefits and functionality particularly in developing countries may restrain business growth.
HCVs are anticipated to witness growth over 14% up to 2024. Necessity for speed constraints to ensure safety among HCVs has enhanced the product scope. Regulatory compliance promoting advanced sensor usage including lane departure warning systems and AEBs will fuel the industry demand.
OEMs dominated the global Advanced Driver Assistance System Market share and are anticipated to remain dominating in forecast timeframe due to increasing adoption of safety standards. Increasing preference for safety systems among manufacturers to improve brand identity and ensure travel security will support the demand. OEMs are focused on strategic partnerships and collaborations with technology providers including sensors and other semiconductor suppliers.
Autoliv, Bosch, Continental, Delphi Automotive, Denso, Harman International, Hyundai Mobis, Mobileye N.V., Nvidia Corporation and TRW Automotive are the key players in the ADAS market. Mergers & acquisitions, new product launches, collaborations and supply agreements are among major strategies adopted by industry participants. For instance, in 2017, Delphi announced the acquisition of NuTonomy, an autonomous driving start-up to enhance its market foothold.
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Partial Chapter of the Table of Content:
Chapter 1. Methodology and Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition & forecast parameters
1.2. Data Sources
Chapter 2. Executive Summary
2.1. ADAS industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Sensor trends
2.1.4. Vehicle trends
2.1.5. Distribution channel trends
2.1.6. Regional trends
Chapter 3. ADAS Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Technology providers
3.3.3. Profit margin analysis
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
18.104.22.168. Product portfolio
22.214.171.124. Global presence
3.4. Accidents and fatalities statistics, by region
3.4.1. North America
3.5. ADAS Industry trends
3.5.1. Embedded vision
3.5.4. Automotive systems infrastructure
3.5.5. Automotive HMI design
3.6. Pricing trends by region
3.6.1. North America
3.6.6. Cost structure analysis
3.7. Technology landscape
3.8. Global automotive production overview, 2016
3.9. Regulatory landscape
3.9.1. North America
3.9.3. Asia Pacific
3.9.4. Latin America
3.10. Industry best practices & key buying criteria
3.11. Industry impact forces
3.11.1. Growth drivers, by region
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. Latin America
220.127.116.11. Middle East & Africa
3.11.2. Industry pitfalls & challenges
3.12. Growth potential analysis
3.13. Porter’s analysis
3.14. Competitive landscape, 2016
3.14.1. Company market share, 2016
3.14.2. Strategic dashboard
3.15. PESTLE analysis
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