Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Advanced Driving Assistance Systems Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Advanced
Driving Assistance Systems Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Advanced Driving Assistance Systems Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Advanced
Driving Assistance Systems Market is offered. In
accordance with the report, the global Advanced Driving Assistance Systems
Market is projected to
expand at a CAGR of 14.21% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Advanced driver assistance system which is known as ADAS is being
defined as the vehicle-based intelligent safety system which can be used to
improve the road safety in terms of crash severity mitigation, crash avoidance
and safety & post-crash phase. ADAS can undeniably, be defined as the
integrated in-vehicle system which contributes to more than one of these which
are crash-phase, intelligent speed adaptation and advanced emergency braking.
The system does have the capacity to prevent the crash or mitigate it.
Continuously growing demand for the advanced driver assistance
system in brake monitoring, warning and steering task is estimated to drive the
automobile market. It is being driven largely by the regulatory and consumer
interest in the safety applications which protect the drivers and hence reduce
accidents. For example, both the United States and the European Union are
instructing that all the vehicles must be fortified with autonomous emergency
braking system & forward-collision warning system. ADAS is also promoting
comfort and economy to the car owners of this region which is equipped with
ADAS, like parking assist and blind spot detection. Although ADAS application
is still in the early stages, original-equipment manufacturers and their suppliers
do realize that ADAS could ultimately become the main differentiating feature
in automotive brands, and key source of revenue.
A research study was being conducted aiming at the complications
faced by the Indian drivers and the execution of ADAS for the Indian Automotive
market. It was undoubtedly evident that although the European and the Indian
traffic rule and regulation are mostly alike, but the behavior of driver is
highly culturally arbitrated. Results also indicates that the different types of
assistance drivers required in different traffic conditions heavily depends a
great deal on the driver behavior. ADAS designed for the roads in European
condition may not essentially be optimal in other market. Automotive revenue
pool has significantly increased and diversified towards the data-driven
service and on-demand mobility service in the past and is expected to continue
on the same track. This is expected to create an overall growth of more than
30% in revenue in the near future.
Today, more than 70% of the global connected car sales come from the
luxury brands. By end of 2022, this number is expected to fall to 50%, at the
expense of the falling margins.
The increased global interest in the autonomous vehicle is
transforming the way business model and vehicle are being conceived for the
future use. From technological point of view regular ADAS function like lane
departure warning and blind spot detection are nowadays becoming commoditized
and solutions which involves sensor fusion are considered as big bet by many
OEM. From business point of view unique multi-level collaboration can be seem
to launch ADAS solution which includes tier 1s with non-automotive technology
companies and tier 2s with OEMs.
Although advanced driver assistance system (ADAS) technology has got
the potential to change the automotive sector, its current annual
revenues—which ranges from 10 to 12 billion dollar, are modest in comparison
with those for the other automotive systems. Major Part of the problem is that
most of the promising ADAS application are still in the process of being fine-tuned
or have not yet launched in the market; while the others are very expensive
& mostly available in the premium car segment until now. The most important
factor hindering the demand may be lack of the consumer awareness. A recent
survey disclosed, many respondents were unfamiliar with different ADAS
application, and very few of them purchased cars with ADAS enabled technology.
Semiconductor companies received a very moderate revenue from the
ADAS segment —which was less than 2 billion dollar in the year 2015, in
comparison with 29 billion dollar for the automotive electronic system; but
this revenue from the ADAS segment is expected to grow at a higher pace in the
forecast period. To ensure capturing full value of the market semiconductor
companies do need to understand when they should enter the market. This could
actually involve them in rethinking their product which is focused on hardware,
since diverging out into the software segment will actually offer more
opportunities to develop new strategies for the purpose of collaborating with
the OEM. Companies which are going to move quickly and allow themselves to
establish as ADAS player is expected to gain the most when the market will move
to a higher growth.
ADAS applications are expected to represent the next critical
business opportunity in automotive sector, and the major semiconductor
companies are well placed to capture that upcoming opportunity. Their
technological proficiency which is always valued by the OEMs has now become
more and more important than it was ever before, particularly if they can
provide component and solution which is going to improve the system level
capability.
Segment Covered:
This market
intelligence report on the global Advanced Driving Assistance Systems Market encompasses market segments based on system, offering, vehicle type, component and country.
In terms of system, the Advanced Driving Assistance Systems Market is segregated
into:
·
Adaptive Cruise Control (ACC)
·
Forward Collision Warning (FCW)
·
Intelligent Park Assist (IPA)
·
Lane Departure Warning (LDW)
·
Adaptive Front Light (AFL)
·
Automatic Emergency Braking
(AEB)
·
Blind Spot Detection (BSD)
·
Cross Traffic Alert (CTA)
·
Driver Monitoring System (DMS)
·
Night Vision System (NVS)
·
Pedestrian Detection System
(PDS)
·
Road Sign Recognition (RSR)
·
Traffic Jam Assist (TJA)
By offering, the global Advanced Driving Assistance Systems Market is also
classified into:
·
Hardware
·
Software
By vehicle type, the global Advanced Driving Assistance Systems Market is also
classified into:
·
Buses
·
Light Commercial Vehicles
(LCVs)
·
Trucks
·
Passenger Cars (PCs)
By component, the global Advanced Driving Assistance Systems Market is also
classified into:
·
Ultrasonic Sensors
·
Image Sensors
·
Radar Sensors
·
Laser Sensors
·
Infrared Sensors
By country/region, the global Advanced Driving Assistance Systems Market has been divided
into:
·
North America
(the U.S., Canada),
·
Latin America
(Brazil, Mexico, Argentina and other countries),
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries),
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
·
Robert Bosch
·
ZF
Friedrichshafen
·
Continental
·
Aptiv
·
Samsung
·
Nvidia
·
Hella
·
Intel
·
Denso
·
Hyundai Mobis
·
Valeo
·
Magna
·
Wabco
·
Autoliv
·
Infineon
Technologies
·
Ficosa
·
Blackberry
·
Texas
Instruments
·
Voxx
International
·
Aisin Seiki
·
Hitachi
·
Omron
·
Renesas
·
Cognitive
·
Logigo
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Advanced Driving Assistance Systems related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Advanced
Driving Assistance Systems Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Advanced Driving Assistance Systems Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Autoliv, Bosch, Denso
among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Advanced Driving Assistance Systems caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Advanced
Driving Assistance Systems Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Advanced Driving Assistance Systems Market
v
Identification
of key factors driving investment opportunities in the Advanced
Driving Assistance Systems Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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