The global ADAS market is expected to reach USD 148.15 Billion market size by 2030, as per new research report published by Confianza market research & consultancy. As per the study, the global ADAS industry significantly affected due to COVID19 crisis as the manufacturers has witnessed sharp decrease in demand due to lockdown. However, the EU regulation for implementation of ADAS in heavy vehicles is expected to boost the market growth in next few years.
Key players in this market include Robert Bosch, Mobileye N.V., Autoliv Inc, Aptiv, ZF Friedrichshafen, Magna International, Intel Incorporation. These companies mostly focus on technological enhancement in their product offerings in order to gain greater market share. The demand for ADAS is temporarily halted due to lockdown in various countries due to COVID19 pandemic. However, the demand is expected to regain traction post 2021 and the sales of premium vehicles is also expected to further boost the market demand for ADAS systems.
The report provides in-depth insights about the key trends in the global ADAS industry analysis including porter’s analysis, PEST analysis, industry value chain analysis, competitive landscape. It also includes detailed company profiles of key ADAS vendors including their company overview, product portfolio, financial performance & strategic developments.
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• Market Drivers:
o Increasing need for driver safety
o Government regulations for fitment of ADAS
o Growing demand for driving comfort
• Market Restraints:
o High procurement & maintenance cost
o Low accuracy
Key Research Findings
• The adaptive cruise control segment accounted for the largest market share in 2019, and are anticipated to grow at highest CAGR as adoption of ACC is mandated in heavy commercial vehicles by EU.
• The Lidar sensor is expected to grow at a CAGR of 6.2% between 2020 to 2030.
• Europe is the largest market for all type of ADAS solutions followed by North America and APAC market.
• System Type Insights (Revenue, USD Million, 2017 – 2030)
o Tire Pressure Monitoring System (TPMS)
o Lane Departure Warning System
o Adaptive Front-lighting System
o Drowsiness Monitor System
o Blind Spot Object Detection System
o Intelligent Parking Assist System (IPAS)
o Adaptive Cruise Control System
• Sensor Insights (Revenue, USD Million, 2017 – 2030)
o Image Sensor
o Infrared (IR) Sensor
o Lidar Sensor
o Radar Sensor
o Ultrasonic Sensor
• Vehicle Insights (Revenue, USD Million, 2017 – 2030)
o Passenger Car
o Light Commercial Vehicle
o Heavy Commercial Vehicle (Trucks, Bus & Others)
• Regional Insights (Revenue, USD Million, 2017 – 2030)
o North America
o Asia Pacific
o Latin America
o Middle East & Africa
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