ADAS and Autonomous Driving Components Market Trends- Rapid Expansion of the Automobile Sector and Escalating need for Vehicle Safety

The escalating government initiatives to ensure the safety of the vehicles and the growing need for safe & efficient vehicles are propelling the demand for the industry.

The Global ADAS and Autonomous Driving Components Market is foreseen to garner a valuation of USD 118.03 billion in the year 2027, registering a growth rate of 21.9%, according to the latest analysis by Emergen Research. The ongoing development in the sensors technology in the automotive sector and the rising concerns with regard to the safety are boosting the requirement for ADAS and autonomous driving components. Moreover, the growing demand from high-end consumers about concept cars and the escalating use of sensors in EVs and hybrid vehicles is further predicted to boost the ADAS and autonomous driving components adoption, thereby driving the market’s growth.

Sensors are extensively being applied in the entire vehicle, for instance in engines, chassis, clutch, transmission and control, brakes, and safety. Automotive sensors are predominantly deployed in powertrains to regulate speed, positions, gas, temperature, and pressure inside the engine. These sensors enable the safe and efficient operations of powertrains. Stringent rules and regulations regarding emissions and fuel-efficiency across the world are anticipated to drive the industry growth further. The sensors play a pivotal role in helping vehicles use fuel more efficiently by offering precise data to improve fuel efficiency as required by cars.

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Key Findings from the Report Suggest:
• LiDAR sensor is one of the most crucial sensors for autonomous vehicles. Companies, such as Toyota, Uber, and Alphabet, among others, who are testing self-driving and autonomous vehicles, are heavily relying on LiDAR sensors to track vehicles on comprehensive maps to navigate quickly and identify other vehicles and pedestrians easily.

• The passenger car segment is forecast to retain its leading place in the industry owing to the augmenting need for safe, efficient, and high-performing vehicles in the developed and developing nations.

• Asia Pacific is estimated to be the dominating market during the projected timeframe, with China being the key revenue-generating region in the industry. The implementation of automotive sensors and ADAS has also seen a massive surge in other APAC regions such as Japan, India, and South Korea

• Prominent players in the industry are Veoneer, Robert Bosch, Aptiv, Denso, Continental AG, Analog Devices., Valeo, ZF Friedrichshafen, Hyundai Mobis, and Magna International, among others.

• TTTech Auto, a leader in the autonomous driving’s safety software platform, in January 2020, announced it had gained a controlling stake of Red Pine Software, a Turkish software firm with expertise in ADAS. The acquisition enabled TTTech Auto to augment its software development ability for ADAS and an automated driving series project that feature MotionWise, its flagship component.

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For this report, Emergen Research has categorized the Global ADAS and Autonomous Driving Components Market based on system, vehicle type, propulsion, type, and region:

System Outlook (Volume, Thousand Units;
Revenue, USD Billion; 2017-2027)
• Automatic Emergency Braking
• Cross-Traffic Alert
• Traffic Jam Assist
• Driver Monitoring System
• Adaptive Front Light
• Adaptive Cruise Control
• Forward Collision Warning
• Blind Spot Detection
• Lane Departure Assistance
• Road Sign Recognition
• Intelligent Park Assistance
• Pedestrian Detection System
• Night Vision System
• Others

Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)
• Passenger Vehicle
o Mid-sized car
o Sedan
o Minivan
o Convertible
o Crossover
o Hatchback
o Others
• Light Commercial Vehicle (LCV)
o Compact
o Utility Vehicle
o Supermini
o Light Truck
o Others
• Heavy Commercial Vehicle (HCV)
o Mobile Truck
o Limo
o Recreational Vehicle
o Towing Truck
o Fire Trucks
o Others

Propulsion Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)
• Gasoline Powered
• Electric Vehicles
o Fuel Cell Electric Vehicle
o Battery Electric Vehicle
o Plug-in Hybrid Electric Vehicle
o Hybrid Electric Vehicle

Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)
• Laser
• Infrared Sensor
• LiDAR Sensor
• Radar Sensor
• Image Sensor
• Ultrasonic Sensor
• Capacitive Sensor
• Others

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Regional Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o BENELUX
• Asia Pacific
o China
o Japan
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Rest of MEA

Take a Look at our Related Reports:

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Automotive MEMS Sensor Market: https://www.emergenresearch.com/industry-report/automotive-mems-sensor-market

Mobility as a Service Market: https://www.emergenresearch.com/industry-report/mobility-as-a-service-market

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Emergen Research | Web: www.emergenresearch.com
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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