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Advanced Driver Assistance System Market Growth Rate To 2024 | Valeo, Texas Instruments, Panasonic, NXP Semiconductors, Magna International, Hella, HARMAN International, Denso, Delphi, Continental, Autoliv
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Passenger cars dominated the ADAS industry share owing to rising automotive production across the globe. Increasing disposable income coupled with the availability of multiple car models at varied price range will support the industry growth. Stringent government regulations mandating the standard fitment of multiple ADAS technologies in PCVs are enabling car manufacturers to offer these features as standard across their product portfolio.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Aisin Seiki Co., Ltd.
• Autoliv Inc.
• Bosch Group
• Continental AG
• Delphi Technologies
• Denso Corporation
• Gentex Corporation
• Joyson Electronics
• Harman International
• Hella GmbH & Co. KGaA
• Hyundai Mobis
• Magna International Inc.
• Mobileye
• NVIDIA Corporation
• NXP Semiconductor
• Panasonic Corporation
• Renesas Electronics Corporation
• Texas Instruments
• TRW Automotive Inc
• Valeo
Advanced driver assistance system market share from image sensor will grow significantly at around 15% during the study period. This growth can be attributed to the usage of these sensors for facilitating various ADAS systems including night vision, autonomous park assists, blind spot detection, surround view system, lane departure warning, and traffic sign recognition. Higher demand for luxury cars with such installed systems fitted as standard will further boost the industry revenue.
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Park assist systems will account for the maximum volume share at around 20% in 2017. This dominance is attributed to the increasing adoption of these systems in multiple cars owing to lower costs and easier installation process. Further, the availability of reliable and lower cost alternatives in the aftermarket along with supporting government regulations mandating the availability of these systems across all personal vehicles are further strengthening the segment growth.
Advancements in sensors and tools for facilitating ADAS technologies along with improvements in product efficiency are supporting the industry proliferation over the study timeframe. Evolution of modern computer vision analysis systems for effective object detection along with strong outlook for night vision and auto light control features are positively influencing the advanced driver assistance system market penetration till 2024.
The OEM segment is expected to generate maximum revenue share owing to the increasing investments by industry participants for improving the safety features across their product portfolio. Availability of extended warranties in-case of repairs and replacements along with convenient insurance facilities are further supporting the advanced driver assistance system market demand. Automobile manufacturers install ADAS units in their vehicles during the production phase and offer them as standard fitment. The replacement parts are available at the OEM as well as aftermarket workshops, contributing to the revenue generation.
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Major industry participants of the advanced driver assistance system market include Robert Bosch, Autoliv, Magna International, Continental AG, TRW Automotive, and Texas Instruments. Other notable industry participants are Corporation, Harman International, NVIDIA Corporation, Delphi, Aisin Seiki Co., NXP Semiconductor Inc, Denso and Hyundai Mobis.
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