ADAS Market Trend, Revenue, Regional Analysis 2018-2024 By Key Companies – Autoliv, Continental, Delphi, Denso, Harman International, Hella, Texas Instruments, Valeo, Panasonic

ADAS market from image sensors is expected to showcase dominance, accounting for over 33% revenue share over the next eight years. These sensors are installed in majority of the technologies including surround view, night vision, lane departure warning, blind spot detection, etc., primarily contributing to the revenue generation. These applications are rapidly growing across the globe, resulting in increased demand for image sensors. Cost effectiveness as compared to the counterparts is another factor supporting the industry dominance. Radar sensors will witness highest growth owing to their extensive usage in AEB and adaptive cruise control systems.

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Park assist is likely to dominate the ADAS market, exhibiting over 16% volume share till 2024. These systems have witnessed strong prevalence in the industry since past few years. Moreover, their low prices as compared to the counterparts has resulted in their high implementation by the customers, supporting the revenue generation. Cost effectiveness also leads to their aftermarket adoption by small and medium car owners. Forward collision warning will grow rapidly owing to their rising installation in commercial and passenger vehicles. High installation is credited to rising number of accidents and fatalities across the globe.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Valeo SA
2. TRW Automotive
3. Texas Instruments
4. Takata Corporation
5. Renesas Electronics Corporation
6. Panasonic Corporation
7. NXP Semiconductor Inc
8. NVIDIA Corporation
9. Mobileye N.V
10. Magna International Inc
11. Hyundai Mobis
12. Hella KGaA Hueck & Co
13. Harman International
14. Gentex Corporation
15. Denso Corporation
16. Delphi Automotive
17. Continental AG
18. Bosch Group
19. Autoliv AB
20. Aisin Seiki Co

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PCV will dominate the ADAS market, accounting for over 65% volume share by the end of 2024. Rising road safety concerns has led to their increased installation in these vehicles. Rising demand for ADAS installation in vehicles owing to increasing concerns regarding driver safety will significantly contribute towards the revenue generation. Moreover, substantial rise in the sales of premium vehicles across the globe will further strengthen the product penetration. HCVs are likely to grow substantially owing to stringent regulations regarding ADAS installation in these vehicles in developed regions such as Europe.

Advanced Driver Assistance System (ADAS) Market By Technology

• Adaptive cruise control
• Automatic high beam control
• Autonomous park assist
• Blind spot detection
• Driver monitoring
• Forward collision warning
• Front lighting
• AEB
• Night vision
• Head up display
• Lane departure warning
• Park assist
• Surround view system
• Traffic sign recognition
• Tire pressure monitoring system

ADAS market from OEMs will dominate the industry share over the forecast timeframe owing to their installation during the production process. The OEMs ensure proper maintenance of the product safety standards. This results in their high preference as compared to the counterpart, supporting the industry dominance. Aftermarket will grow significantly owing to cost-effective nature of the products through this channel. Rising accident rate across the globe will further increase the replacement demand for these products, propelling the industry growth over the coming years.

North America ADAS market is expected to acquire maximum volume share of more than 34% over the next eight years. Rising number of testing procedures for these technologies along with established automobile industry in the region will primarily contribute to the high revenue generation. Higher penetration of ADAS and stringent regulatory norms regarding their mandatory installation will further support the regional dominance. Asia Pacific will grow rapidly, exhibiting over 14.5% CAGR from 2017 to 2024. Rising traffic safety concerns and increasing demand from countries including Japan, China, and South Korea will further strengthen the industry penetration in the region.

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Denso, Delphi Automotive, Continental, Autoliv, Bosch, Harman International, Mobileye N.V., TRW Automotive, Nvidia Corporation, and Hyundai Mobis are among the noticeable players in the ADAS market. Partnerships and mergers & acquisitions are few strategies majorly adopted by the industry participants. For instance, in June 2017, Autoliv announced its partnership with Volvo to form a joint venture, Zenuity for development of autonomous cars. This partnership further strengthened company’s position in the industry.

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