Asia-Pacific Advanced Driver Assistance System (ADAS) Market Size, Share, Trend 2023 Newest Industry Data, Future Trends and Forecast 2032 | Robert Bosch GmbH, Hitachi

Advanced driver assistance systems (ADAS) facilitate the driver in identifying hazardous road conditions thereby improving the driving experience with enhanced safety. The implementation of ADAS systems on different vehicles can significantly reduce the number of road accidents and severity of injuries. Different sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER provide enhanced features including parking assistance, lane departure warning, tire pressure monitoring, adaptive cruise control, blind spot detection, drowsiness monitoring and night vision. The ongoing technological developments have resulted in expanding ADAS beyond high-end vehicles into high-volume mainstream implementations.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

Products offered from upstream manufacturers (software & components) are differentiated owing to the specificity of the requirements that depend on the applications. Stringent government regulations in Asia-Pacific countries leads to higher adoption of ADAS systems. Huge installation cost and complexity in testing ADAS systems are restraining the market growth. In addition, the incorporation of ADAS systems in mid-range and low-range vehicles and increasing electronic integration within vehicles would create numerous opportunities for the market in near future.

Asia-Pacific advanced driver assistance systems market is segmented based on component and country. The component segment is further bifurcated into type of system and type of sensor. Adaptive cruise control, lane departure warning system, park assist, blind spot detection system, adaptive front lighting system, tire pressure monitoring system, drowsiness monitor system and night vision systems have been considered under system type. Amongst these, tire pressure monitoring systems exhibit highest growth and is expected to grow at a promising CAGR of 38.84% during the forecast period (2015-2020). Adaptive front lighting system dominates the ADAS market while constituting a revenue share of around 25.8% in the year 2014. Different sensors used in advanced driver assistance systems market include ultrasonic sensors, radar sensors, LIDAR sensors, infrared sensors, image sensors and laser sensors. Key automotive production countries namely Japan, India and South Korea have also been forecast to register a significant growth in demand for advanced driver assistance systems.

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POTENTIAL BENEFITS FOR STAKEHOLDERS

The report identifies the key drivers, opportunities and restraints which shape the market and provides an impact analysis for the forecast period
Porters five forces analysis provides a clear idea regarding the potency of the buyers and the suppliers participating in this market
Current and future trends are outlined to determine the overall attractiveness of the market and to single out profitable trends in order to gain a stronger foothold in the market
The report provides detailed analysis of Asia-Pacific ADAS market with respect to system type, sensor type and country to enable stakeholders take precise investment decisions

KEY PLAYERS

Valeo
Robert Bosch GmbH
Hitachi Ltd.
Continental AG
Denso Corporation
Audi AG
BMW AG
Toyota Motor Corporation
Ford Motors
General Motors (GM)

Advanced Driver Assistance System (ADAS) MARKET KEY SEGMENTS

The market is segmented on the basis of component and country.

MARKET BY COMPONENT

By System Type
Tire Pressure Monitoring System (TPMS)
Drowsiness Monitor System
Intelligent Parking Assist System (IPAS)
Adaptive Cruise Control System
Blind Spot Object Detection System
Lane Departure Warning System
Adaptive Front-Lighting System
Others
Night Vision System
Driver Monitoring System

By Sensor Type

Ultrasonic Sensor
Infrared(IR) Sensor
Radar Sensor
Image Sensor
LiDAR Sensor
LASER Sensor

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MARKET BY COUNTRY

China
Japan
India
South Korea
RO-APAC (Rest of Asia-Pacific)
Singapore
Australia
Thailand

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