ADAS Market - What will be the Short-term Impact of Coronavirus?

The global advanced driver assistance systems market will grow considerably driven by applications in electric vehicles. According to a report by Fortune Business Insights, titled "ADAS Market Size, Share & Industry Analysis, By Technology Type (Adaptive Cruise Control, Blind Spot Detection System, Park Assistance, Others), By Vehicle Type (Passenger car, Light Commercial vehicle, Heavy Commercial Vehicle), By Sensor Type (LiDAR, Infrared, Ultrasonic, RADAR, Image Sensor), By Offering Type (Software, Hardware) and Regional Forecast, 2019-2026," the market will derive growth from stringent government policies regarding workplace safety.

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List of the leading companies that are operating in the global ADAS market are:

Autoliv Inc.
Continental AG
DENSO Corporation
Magna International Inc.
ROBERT BOSCH GMBH
Valeo
NXP Semiconductors
Panasonic Corporation
Renesas Electronics Corporation
Texas Instruments
Delphi Automotive Company
Hyundai Mobis
Takata Corporation
ZF Friedrichshafen
Aisin Seiki Co., Ltd.
Mobileye N.V
Harman International Industries
NVIDIA Corporation
Hitachi Ltd.
Stonkam Co., Ltd

An advanced driver assistance system is a safety system that is designed to operate in a unified manner for improving vehicle safety. The increasing awareness among vehicle owners regarding safety and security will emerge in favor of the companies operating in the ADAS market. Recent technological advancements in ADAS have enabled greater efficiency. Improvements in product efficacies, coupled with reduced costs will aid the growth of the global ADAS market in the forthcoming years.

Incorporation of sensors, processors, and mapping will lead to a wider product adoption across the world. The stringent regulations regarding vehicle safety will aid the growth of the market. Increasing product applications such as adaptive cruise control, blind-spot detection, tire pressure monitoring, and emergency braking will contribute to the demand for ADAS across the world.

The report offers insights into the ongoing advanced driver assistance system market trends. It highlights leading companies in the market and discusses the strategies that these companies have adopted in recent years. Forecast values for the market have been provided for the period of 2019-2026. The market has been segmented on the basis of several criteria including application and regional demographics.

The competitive landscape scenario has been discussed in detail. Factual figures have been evaluated through trusted sources. The data included in this report has been gathered through interviews and opinions of experienced market research professionals.

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Asia Pacific to Lead the Market; Increasing Vehicle Production Will Provide Impetus to Growth

The report analyzes the ongoing ADAS market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific will emerge dominant in the coming years. The increasing vehicle production and sales will open up a huge potential for market growth. Companies in this region are more focused on developing high-end applications, which attracts more consumers. The demand for automated interiors will provide a huge platform for market growth. Besides Asia Pacific, the market in Europe will witness considerable growth in the coming years, driven by the growing product uses in electric vehicle.

Image Sensor Holds a Major Market Share; Diverse Applications to Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing investment in the research and development of newer products will have a direct impact on the growth of the market. Besides growth driver, the market is segmented on the basis of sensor type into LiDAR, infrared, ultrasonic, radar, and image sensor. Among these, the image sensor segment currently holds the highest market share. The image sensor is used in applications such as park assist, night vision, surround view system, and blind spot detection. Moreover, autonomous emergency brakes have offered huge platform for rapid adoption of image sensors across the world.

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