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Advanced Driver Assistance Systems Market All Set to Reach $59.1 billion by 2021, growing at a CAGR of 19.9% during the forecast period, Says Decision Market Reports | Top Players - AISIN SEIKI COMPANY LTD, AUTOLIV INC, CONTINENTAL AG, DENSO CORP, DELPHI

11-13-2019 06:38 AM CET | Tourism, Cars, Traffic

Press release from: Decision Market Reports

Advanced Driver Assistance Systems Market

Advanced Driver Assistance Systems Market

The Global Advanced Driver Assistance System (ADAS) market was valued at $23.8 billion in 2016 and is expected to reach a value of nearly $59.1 billion by 2021, growing at a CAGR of 19.9% during the forecast period of 2016 to 2021. The accelerating need for road safety systems along with demand for fuel-efficient vehicles will help to boost the global demand for ADAS significantly. The global ADAS market is calculated based on the sales of various products such as processors (e.g., electronic control units and microcontroller units), sensors, semiconductors, software and its algorithms, mapping systems and electrical systems.

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Over the past few years, buyers' growing concern about automotive safety has resulted in increased demand for advanced safety features, particularly for mid-priced vehicles. The overall dynamics of the global automotive industry is changing at a rapid pace. Automobile manufacturers believe that the overall demand for mid-priced vehicles is expected to increase by 18% to 20% by 2021. These vehicles have been designed and manufactured following buyers' preferences, in addition to being equipped with basic components. Companies such as Continental AG and Autoliv are entering into partnerships with OEMs to develop and manufacture low-cost assistance systems. This in turn helps manufacturers reduce the price of ADAS and attain economies of scale. As this takes place, implementation of ADAS in low-cost cars will increase in the coming years. A consistent increase in demand for compact and midsize automobiles equipped with advanced safety features is also expected to propel the growth of this
market.

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Initiatives have been undertaken by various associations, such as the National Highway Traffic Safety Administration (NHTSA) Safecar Project, which has helped significantly drive the adoption of ADAS in domestic vehicles in North America, thereby driving the overall market growth in this region. The European Automotive Industry, on the other hand, is one of the major and most innovative automotive markets in the world. There has been a massive transformation in the industry in the postrecession of 2010 period as there has been rapid market penetration and mass adoption of ADAS among the customers. Also, there are regular upgrades in the ADAS technology that facilitates competitiveness in the global ADAS market. Growth of the ADAS market is currently hindered by the growing number of incidences of software failures in sensors. The price of ADAS systems is also a major hurdle for their wide acceptability. However, the rapidly expanding hybrid and electric vehicle market, coupled with the growth of the market for autonomous vehicles, are expected to drive the growth of the automotive ADAS market significantly during the forecast period.

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Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Scope of the Report
Research Methodology
Top-down Approach
Data Triangulation
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background
Drivers and Impact
Stringent Government Regulations
Increased Adoption from the Automotive Sector
Growing Awareness of Driver Assistance Systems
Restraints and Impact
ADAS Malfunction
High Cost of Equipment
Intense Competition

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Chapter 4 Market Breakdown by Component Type
Parking Assistance Systems
Adaptive Front Lighting Systems
Blind Spot Detection
Advanced Emergency Braking Systems (AEBS)
Collision Warning Systems
Electronic Stability Control
Driver Drowsiness Alert
Traffic Sign Recognition Market
Lane Departure Warning Systems
Adaptive Cruise Control
Others

Chapter 5 Market Breakdown by Technology
Radar ADAS Sensors
Image ADAS Sensors
Laser ADAS Sensors
Ultrasonic ADAS Sensors
Infrared ADAS Sensors

Chapter 6 Market Breakdown by Region
North America
Introduction
The United States
Mexico
Canada
Europe
Introduction
Germany
United Kingdom
France
Italy
Spain
Russia
Other Countries
Asia-Pacific
Introduction
Japan
China
South Korea
Australia
India
Other Countries
Africa and the Middle East
Introduction
South Africa
UAE
Saudi Arabia
Others
South America
Introduction
Brazil
Argentina
Other Countries

Chapter 7 Competitive Landscape
Strategies and Developments of Key Players
Aisin Seiki Strategies
Autoliv Inc. Strategies
Robert Bosch Strategies
Continental AG Strategies
Delphi Automotive Strategies
Denso Corp. Strategies
Hella KGaA Hueck & Co. Strategies
Hyundai Mobis Strategies
Intel Mobileye Strategies
Magna International Strategies
Samvardhana Motherson Reflectec Strategies
Takata Strategies
Valeo SA Strategies
ZF-TRW Automotive Holdings Strategies

Chapter 8 Company Profiles
AISIN SEIKI COMPANY LTD.
AUTOLIV INC.
CONTINENTAL AG
DENSO CORP.
DELPHI AUTOMOTIVE PLC
FICOSA INTERNATIONAL S.A.
GENTEX CORP.
HELLA KGAA HUECK& CO.
HYUNDAI MOBIS
HELLERMANNTYTON GROUP
IMAGENEXT CO. LTD
INFINEON TECHNOLOGIES
MAGNA INTERNATIONAL INC.
MOBILEYE N.V.
NXP SEMICONDUCTORS
OMRON CORP.
PANASONIC AUTOMOTIVE SYSTEMS CO. OF AMERICA
QNX SOFTWARE SYSTEMS
ROBERT BOSCH GMBH
SAMVARDHANA MOTHERSON REFLECTEC (SMR)
STMICROELECTRONICS
TAKATA CORP.
TEXAS INSTRUMENTS
VALEO S. A.
VOXX INTERNATIONAL CORP.
ZF TRW AUTOMOTIVE HOLDINGS CORP
Chapter 9 A List of Abbreviations
Overview

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Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to helps our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.

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