Report Summary

The global advanced driver assistance systems (ADAS) market was valued at $19.8 billion in 2017 and is anticipated to grow at a CAGR of 21.4% during the forecast period. Advanced driver assistance systems are vehicle-based intelligent safety solutions developed to enhance road safety in terms of crash avoidance, crash severity mitigation, and protection and post-crash phases. Advanced driver assistance systems (ADAS) operate using a combination of different technologies such as GPS sensing knowledge for navigation, sensors for collision avoidance, and augmented reality for driver information and enhanced safety. Some functionalities offered by ADAS systems include adaptive cruise control, automatic parking, blind spot monitoring, forward collision warning, intelligent speed adaptation, lane departure warning, emergency driver assistance, and pedestrian protection among others.

The major driving factors of the market include growing need to reduce accidents and manage the growing traffic efficiently. Growing penetration of connected cars would further accelerate market growth. Increase in disposable income, and improving living standards are factors supporting market growth. Government regulations regarding improved vehicle safety, and rising demand for luxury cars boost the adoption of ADAS. The increasing advancements in technologies, growing adoption of electric vehicles, and rising adoption of IOT further supplement the growth of this market. Expansion of established companies into emerging economies and development of autonomous vehicles would provide numerous growth opportunities in the market.

Segment Analysis

The global Advanced Driver Assistance Systems market is segmented on the basis of system component, vehicle type, and geography. Based on system, the market is segmented into Adaptive Cruise Control (ACC), Lane Departure Warning (LDW), Blind Spot Detection (BSD), Night Vision System (NVS), Intelligent Park Assist (IPA), Driver Monitoring System (DMS), Adaptive Front Light (AFL), Tire Pressure Monitoring System (TPMS), Autonomous Emergency Braking System (AEB), Forward Collision Warning (FCW) and Others. The blind spot detection segment dominated the global market in 2017 owing to technological advancements and increasing safety concerns.

The component segment is categorized into hardware which includes sensors such as LiDAR sensors, camera units, radar sensors, ultrasonic sensors and processors such as Electronic Control Units (ECU) and Microcontroller Units (MCU). It also includes software, and services. The hardware segment accounted for the highest share in the global market in 2017.

The vehicle types included in the report are passenger vehicles, and commercial vehicles. The passenger vehicles segment dominated the market in 2017 owing to increasing demand for luxury cars, rising disposable income, and improving living standards. The market is also segmented by Electric Vehicles which includes Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV). There has been a significant growth in the electric vehicles market, and most of the EV manufacturers are incorporating ADAS systems in their electric cars to make it safe and feature rice. This segment is also helping the ADAS market to grow at a faster rate as compared to their adoption in conventional cars and other passenger vehicles.

Regional Analysis

This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America accounted for the largest share in the global Advanced Driver Assistance Systems in 2017. The factors driving the market growth in this region include technological advancements, and significant investments in research and development. The government regulations regarding vehicle safety and increasing need for improved road safety further support the market growth. The growing adoption of IoT, and development of autonomous vehicles are expected to boost the adoption of ADAS during the forecast period.

Competitive Landscape

The leading players in the market include Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, Continental AG, Intel Corporation, Texas Instruments, Valeo S.A., Magna International, Inc., Autoliv Inc., Garmin Ltd. among others. These vendors in the market are launching new products to meet the growing customer needs. In addition, the leaders in the market are acquiring and collaborating with top companies in the market to enhance their offerings in the market and expand their customer base.