Advanced Driver Assistance System Market Share & Forecast, 2019 – 2025 | Key Players Are Autoliv Inc., Bosch Group, Continental AG, Delphi Technologies, Denso Corporation, Harman International

The Advanced Driver Assistance System Market is set to grow from its current market value of more than $32 billion to over $74 billion by 2025; as reported in the latest study by Global Market Insights, Inc. Shifting preference for advanced sensing systems in automobiles for avoiding road accidents is augmenting the advanced driver assistance system market. The integration of advanced technologies including pedestrian crash avoidance mitigation systems, blind spot detection, lane departure warning systems, and collision avoidance systems play a vital role in reducing the probabilities of road accidents further supporting advanced driver assistance system market over the projected timeframe.

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Increasing passenger safety concerns due to the proliferating traffic accidents are boosting the industry. Growing consumer awareness related to vehicle security and safety is promoting automobile industry players to incorporate ADAS in vehicles. Stringent government regulations and norms pertaining to vehicle safety, including the mandatory fitment of parking sensors and AEB in vehicles are positively influencing the advanced driver assistance system market.

Automobile industry participants including Volvo, Audi, Mercedes and Skoda are providing in-built safety technologies to differentiate their vehicle portfolio and increase the market share. Advanced features including image sensors, intelligent park assist systems and surround view cameras are prominently contributing towards increasing the advanced driver assistance system market share. Further, the availability for driver assistance to operate complex and repetitive tasks for reducing human errors is providing a strong growth prospects for industry expansion.

The growing vehicle demand owing to the higher per capita income and rising economic conditions is augmenting vehicle production globally. Increasing demand for luxury vehicles with standard fitment of ADAS technologies is strengthening the advanced driver assistance system market share. Industry participants are investing in R&D to reduce the overall cost and increase the operational efficiency significantly. The integration of the advanced technologies will require mass production of automotive systems, which will further reduce the overall cost.

Autonomous park assist segment will witness potential growth prospects owing to their lower cost and easier installation. Enhanced capability to detect objects in the vicinity of vehicles, is further easing the car parking process. Moreover, the availability of a wide range of alternatives both at the OEM and aftermarket levels across different price range will further support industry proliferation over the study timeframe.

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The image sensors segment will augment the industry size owing to the development of computer vision analysis systems with effective object identification technologies. Increasing application of image sensors including auto high beam, night vision, blind spot detection, lane departure warning systems and surround view systems will support the industry size. Technological advancements targeted towards offering better sensitivity and image processing along with lower implementation cost will further propel the industry share.

The PCV segment is expected to showcase substantial growth with increasing installation of driver assistance systems to reduce fatalities. Surging disposable income is significantly contributing towards proliferating sales of premium and luxury vehicles equipped with electronic & safety systems. Moreover, the growing demand for compact cars featuring standard ADAS technologies will further boost industry penetration over the projected timeframe.

Europe will account for a significant share over the projected timeframe owing to the supporting government initiatives including EuroNCAP, promoting the mandatory fitment of active safety features in automobiles. Moreover, the fitment of multiple ADAS systems in vehicles including drowsiness and attention detection, lane keeping assist, emergency stop signal, reversing camera, and detection system, among others by 2021 will further support industry expansion over the forecast timeframe.

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The advanced driver assistance system market share is highly competitive owing to the presence of key players including Bosch Group, Texas Instruments, Autoliv AB, Continental AG, and ZF TRW. The other players include Aisin Seiki Co. Ltd., Delphi Technologies, Denso Corporation, Joyson, and Harman International. Improvements in product design, configuration, and after-sales services are the major concerning areas for industry players.

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