Global Market Insights, Inc. provides a detailed overview of advanced driver assistance system market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.
The robust demand for safer vehicles on account of increasing road accidents have led to a massive spurt in advanced driver assistance system market size in recent years. Having recognized the extensive benefits of ADAS systems, numerous automakers have been working toward deploying this feature in their latest automobile brands. This paradigm shift toward implementing safety systems in vehicles on account of the increasing number of road accidents is certain to stimulate advanced driver assistance system market trends.
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In the face of potentially hazardous driving scenarios, autonomous systems have been taking increasing precedence in recent times. Consequently, major players in advanced driver assistance system industry are focusing on the development of advanced automated ADAS systems. In order to retain a control over driving, these systems are embedded with features like emergency braking, lane keeping, automatic parking, and adaptive cruise control.
Automobile industry participants including Volvo, Audi, Mercedes and Skoda are providing in-built safety technologies to differentiate their vehicle portfolio and increase the market share. Advanced features including image sensors, intelligent park assist systems and surround view cameras are prominently contributing towards increasing the advanced driver assistance system market share. Further, the availability for driver assistance to operate complex and repetitive tasks for reducing human errors is providing a strong growth prospects for industry expansion.
The growing vehicle demand owing to the higher per capita income and rising economic conditions is augmenting vehicle production globally. Increasing demand for luxury vehicles with standard fitment of ADAS technologies is strengthening the advanced driver assistance system market share. Industry participants are investing in R&D to reduce the overall cost and increase the operational efficiency significantly. The integration of the advanced technologies will require mass production of automotive systems, which will further reduce the overall cost.
Autonomous park assist segment will witness potential growth prospects owing to their lower cost and easier installation. Enhanced capability to detect objects in the vicinity of vehicles, is further easing the car parking process. Moreover, the availability of a wide range of alternatives both at the OEM and aftermarket levels across different price range will further support industry proliferation over the study timeframe.
The Indian OEM Tata Motors has scarcely extended its partnership with the pioneering technology provider, Wabco, having already deployed the latter’s ADAS facility in its vehicles. Tata has also conveniently implemented a collision mitigation system (CMS) and a lane departure warning system (LDWS) for its Signa and Prima trucks. The move apparently, is targeted toward the minimization of road accidents and the provision of occupant safety. Having already been a strong player in the India automotive industry, Tata, through this partnership, will further strengthen its position in the regional advanced driver assistance system market as well.
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Europe will account for a significant share over the projected timeframe owing to the supporting government initiatives including EuroNCAP, promoting the mandatory fitment of active safety features in automobiles. Moreover, the fitment of multiple ADAS systems in vehicles including drowsiness and attention detection, lane keeping assist, emergency stop signal, reversing camera, and detection system, among others by 2021 will further support industry expansion over the forecast timeframe.
The advanced driver assistance system market share is highly competitive owing to the presence of key players including Bosch Group, Texas Instruments, Autoliv AB, Continental AG, and ZF TRW. The other players include Aisin Seiki Co. Ltd., Delphi Technologies, Denso Corporation, Joyson, and Harman International. Improvements in product design, configuration, and after-sales services are the major concerning areas for industry players.
Glimpse of Table of Content (ToC)
Chapter 3. Advanced Driver Assistance System Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2025
3.3. Industry ecosystem analysis
3.3.1. Raw material suppliers
3.3.3. Profit margin trends
3.3.4. Distribution channel analysis
220.127.116.11. End Users
3.3.5. Vendor matrix
3.4. Accidents and fatalities statistics, by region
3.4.1. North America
3.4.3. Asia Pacific
3.5. ADAS industry trends
3.5.1. Embedded vision
3.5.4. Automotive Systems Infrastructure
3.5.5. Automotive HMI design
3.6. Pricing trends, by region
3.6.1. Regional Pricing
18.104.22.168. North America
3.6.2. Cost structure analysis
3.7. Technology landscape
3.8. Global automotive production overview, 2014 – 2018
3.9. Regulatory landscape
3.9.1. North America
3.9.3. Asia Pacific
3.9.4. Latin America
3.9.5. Middle East & Africa
3.10. Industry best practices & key buying criteria
3.11. Industry impact forces
3.11.1. Growth drivers
22.214.171.124. North America
126.96.36.199. Asia Pacific
188.8.131.52. Latin America
184.108.40.206. Middle East & Africa
3.11.2. Industry pitfalls & challenges
3.12. Innovation and sustainability
3.13. Growth potential analysis, 2018
3.14. Porter’s analysis
3.15. Competitive landscape, 2018
3.15.1. Company market share analysis
3.15.2. Strategy dashboard
3.16. PESTLE analysis
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