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Automotive Advanced Driving Assistant System (ADAS) Camera Market 2021 is estimated to clock a modest CAGR status during the forecast period 2021-2027 With Top Countries Data

12-03-2021 05:05 AM CET | Logistics & Transport

Press release from: Market Insights Reports

The Automotive Advanced Driving Assistant System (ADAS) Camera Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Automotive Advanced Driving Assistant System (ADAS) Camera Market Size is Projected to Reach at a CAGR of 10% during 2021-2026.

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Market Overview

Since 2010, the growing concerns over automotive safety among consumers have resulted in high demand for advanced safety features, especially for mid-price segment vehicles. The dynamics of the global automotive industry is also changing rapidly. Mid-price segment cars are equipped with basic components that have been designed and manufactured according to consumer preferences. ADAS manufacturers, such as Autoliv and Continental, are collaborating with OEMs to develop and manufacture low-cost DAS, which is expected to help the manufacturers attain economies of scale, and in turn, reduce the prices of ADAS. This move from major manufacturers is expected to result in the increased implementation of ADAS in low-priced cars in the coming years. A consistent increase in the demand for compact and mid-sized automobiles equipped with advanced safety features is also expected to propel the growth of the automotive ADAS market.

Top Leading Companies:

MCNEX, ZF TRW Group, Gentex, Fujitsu-Ten, Bosch, Continental, Freescale Semiconductors, Harman International, Hella, Hyundai Mobis, Magna International, Mobileye, Panasonic, Valeo

Recent Developments
In April 2021, Denso Corporation (Denso) announced that it has developed products improving safety performance including LiDAR, Locator Telescope Camera, and SIS ECU (Spatial Information Service Electronic Control Unit), which were adopted to Advanced Drive, an advanced driver assistance technology that is featured on the Lexus LS and Toyota Mirai fuel cell vehicle (FCV). LiDAR and the Locator Telescopic Camera are able to detect large areas with high accuracy: both products can detect more than 200m ahead of the vehicle. 
In September 2021, Continental AG (Continental) announced that it has signed a joint venture (JV) contract with Beijing Horizon Robotics Technology R&D Co., Ltd. (Horizon Robotics), focusing on providing hardware and software integrated solutions for advanced driver assistance systems (ADAS) and autonomous driving. 
In July 2020, Delphi Technologies and TomTom announced that real-world use of advanced driver assistance systems (ADAS), combined with real-time mapping data and propulsion software optimization, can deliver fuel savings of more than 10 per cent. The results were achieved through road tests of Delphi Technologies’ Intelligent Driving prototype vehicle using TomTom’s ADAS map. 

Automotive Advanced Driving Assistant System (ADAS) Camera Market Segmentation by Type:

Monocular
Binocular

Automotive Advanced Driving Assistant System (ADAS) Camera Market Segmentation by Application:

Passenger Car
Commercial Vehicle

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The Asia Pacific is expected to be the Fastest Growing Market

In developing countries, such as India, China, and Indonesia, with the increase in the number of vehicle sales, more customers are opting for ADAS features in their vehicles owing to the need for safety and comfort. Initially, the majority of the consumers did not adopt these systems due to the high cost and lack of awareness. However, with the new government regulations in place and the proven safety benefits, these systems have gained consumer interest. Most of the ongoing installations are being done in the aftermarket, as the people do not usually wish to go for new vehicles just for having ADAS. The Indian market at present is relatively in the initial stages of adoption as compared to European (EU) or North American (NA) Markets. However, there are a number of aftermarket solutions in the commercial vehicle space and 3rd parties who are foraying with very advanced solutions. The market is lacking an integrated offering from the OEMs in India as compared to North America or the EU, and the consumer is very cost-conscious.

Regional Automotive Advanced Driving Assistant System (ADAS) Camera Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Advanced Driving Assistant System (ADAS) Camera Market Report:

Detailed overview of Automotive Advanced Driving Assistant System (ADAS) Camera Market
Changing the Automotive Advanced Driving Assistant System (ADAS) Camera market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Advanced Driving Assistant System (ADAS) Camera market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Advanced Driving Assistant System (ADAS) Camera Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Advanced Driving Assistant System (ADAS) Camera Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Advanced Driving Assistant System (ADAS) Camera industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

We Offer Customization on Report Based on Specific Client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.

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