Advance Driver Assistance Systems Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Advance Driver Assistance Systems Market Global Trends, Market Share, Industry
Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Advance Driver Assistance Systems Market Introduction
The global advance driver assistance systems market is forecasted to value over US $
91 billion by the end of 2026, and registering a CAGR of 20.1% from 2019 to 2026.
An advanced driver assistance system (ADAS) is a collection of systems used in
vehicles to provide a smart, comfortable, safe and intelligent driving experience. The
safety features are designed in a way that the technology alerts the driver, and
potential crashes and accidents can be avoided. The global advanced driver
assistance systems market (ADAS) comprises of all the sensors used in applications
such as lane departure warning system, intelligent parking assist system, adaptive
cruise control, drowsiness monitor system, blind spot detection system, and others.
The ADAS market growth is prompted by the need for consumer safety, demand for
efficient vehicles, comfortable driving experience, and stringent government
regulations related to vehicle safety. However, factors such as expensive and
complex features, security threats, and complexity in testing and huge cost
associated with the installation are impeding the market growth.
Global Advance Driver Assistance Systems Market Overview
The global advance driver assistance system market is segmented on the basis of
component which is further bifurcated by systems and sensors, type, and region.
The growing number of roadways infrastructure projects, ever-increasing traffic
congestion, and government regulations pertaining to vehicle safety will stimulate
the growth of different radar-based ADAS applications.
Increasing vehicle production in emerging economies such as Japan and China is
calculated to make Asia Pacific region largest in market share compared to other
regions. Other factors such as growing economies, rising demand for luxury vehicles,
and Japan being a leading manufacturer of automobiles is further amplifying the
market growth in the Asia Pacific region.
This market study incorporates a comprehensive scope on global market players
including the developments, mergers & collaborations and new product launches.
Key market players profiled in this study include Autoliv Inc, Magna International
Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, Panasonic
Corporation, NXP Semiconductor, Renesas Electronics Corporation and others.
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Report Summary:
Global Advance Driver Assistance Systems Market, by Component
> Systems
- Tire pressure monitoring system (TPMS)
- Drowsiness monitor system (DMS)
- Adaptive front-lighting system (AFL)
- Lane departure warning system (LDWS)
- Intelligent parking assist system (IPAS)
- Adaptive cruise control system (ACC)
- Blind spot object detection system (BSD)
- Others (night vision system and driver monitoring system)
> Sensors
- Radar sensor
- Image sensor
- Ultrasonic sensor
- Lidar sensor
- Infrared (IR) sensor
Global Advance Driver Assistance Systems Market, by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global advance driver assistance
systems on the basis of component and region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Table of Contents
Introduction
Report description
Key benefits
Key market segments
Research methodology
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Secondary research
Primary research
Executive summary
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Key findings
Market overview
Market definition and scope
KEY FINDINGS
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Top impacting factors
Top winning strategies
Top investment pockets
PORTERS FIVE FORCES ANALYSIS
MARKET SHARE ANALYSIS, 2019
MARKET DYNAMICS
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Drivers
High demand for safety features
Increased demand for comfort while driving
Stringent safety rules and regulations
Restraints
High initial cost and complex structure
Lower efficiency in bad weather conditions
Opportunities
Technological advancements in advanced driver assistance systems
Advent of multifunctional systems
ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY COMPONENT
OVERVIEW
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Market size and forecast
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 and driver monitoring system)
SENSOR TYPE
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Image sensor
Lidar sensor
Ultrasonic sensor
Infrared (IR) sensor
Radar sensor
Long range radar
Short range radar
Laser
ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY GEOGRAPHY
OVERVIEW
NORTH AMERICA
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Key market trends, growth factors, and opportunities
Market size and forecast
EUROPE
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Key market trends, growth factors, and opportunities
Market size and forecast
ASIA-PACIFIC
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Key market trends, growth factors, and opportunities
Market size and forecast
LAMEA (LATIN AMERICA, MIDDLE EAST, AND AFRICA)
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Key market trends, growth factors, and opportunities
Market size and forecast
INDIAN ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, STARTUPS &
ACQUISITION TRENDS
LIST OF NOTABLE ADAS STARTUPS
ACQUISITION TRENDS
GLOBAL MARKET: COMPANY PROFILES
AUTOLIV INC.
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Company overview
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Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments
CONTINENTAL AG.
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Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments
DENSO CORPORATION
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Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
key strategic moves and developments
MAGNA INTERNATIONAL INC.
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Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments
ROBERT BOSCH STIFTUNG GMBH (ROBERT BOSCH GMBH)
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Company overview
Company snapshot
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Operating business segments
Product portfolio
Business performance
VALEO
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Company overview
Company snapshot
Operating business segments
Product portfolio
Business performance
Key strategic moves and developments
NXP SEMICONDUCTORS
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Company overview
Operating business segments
Business performance
Key strategic moves and developments
PANASONIC CORPORATION
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Company overview
Operating business segments
Business performance
Key strategic moves and developments
RENESAS ELECTRONICS CORPORATION
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Company overview
Operating business segments
Product category
Business performance
Key strategic moves and developments
TEXAS INSTRUMENTS
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Company overview
Operating business segments
Business performance
Key strategic moves and developments
INDIAN MARKET: COMPANY PROFILES
DELPHI AUTOMOTIVE COMPANY
Company overview
Operating business segments
Business performance
Key strategic moves and developments
HYUNDAI MOBIS
Company overview
Operating business segments
Business performance
Key strategic moves and developments
TAKATA CORPORATION
Company overview
Operating business segments
Business performance
Key strategic moves and developments
ZF FRIEDRICHSHAFEN
Company overview
Operating business segments
Business performance
Key strategic moves and developments
AISIN SEIKI CO., LTD.
Company overview
Operating business segments
Product category
Business performance
Key strategic moves and developments
MOBILEYE N.V.
Company overview
Operating business segments
Business performance
Key strategic moves and developments
HARMAN INTERNATIONAL INDUSTRIES
Company overview
Operating business segments
Key strategic moves and developments
NVIDIA CORPORATION
Company overview
Operating business segments
Business performance
Key strategic moves and developments
HITACHI LTD.
Company overview
Operating business segments
Business performance
Key strategic moves and developments
STONKAM CO., LTD.
Company overview
Operating business segments
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The global advance driver assistance systems market is forecasted to value over US $ 91 billion by the end of 2026, and registering a CAGR of 20.1% from 2019 to 2026. An advanced driver assistance system (ADAS) is a collection of systems used in vehicles to provide a smart, comfortable, safe and intelligent driving experience. The safety features are designed in a way that the technology alerts the driver, and potential crashes and accidents can be avoided.