The global Advanced Driver Assistance Systems market size is expected to surpass around US$ 142 billion by 2027 and the market is expected to garner growth at a CAGR of 11.6% over the forecast period 2021 to 2027.
The Advanced Driver Assistance Systems market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.
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Growth Factors
The growth of advanced driver assistance systems (ADAS) market is mainly driven by growing demand for safety and driving comfort features paired with demand for luxury vehicles. In addition, rising demand for electric vehicles (EV), ongoing development in sensor technology and demand to integrate ADAS in premium car are some of the factors predicted to influence the growth of ADAS in analysis period. Furthermore, stringent rule and regulations for vehicle safety is expected to flourish the growth of the advanced driver assistance systems (ADAS) market in analysis period. On the contrary, lack of required road infrastructure in developing region is expected to limit the growth of advanced driver assistance systems (ADAS) market in near future. Nonetheless, growing market for autonomous vehicles across the globe is expected to open up new alluring opportunities for market players in near future. Despite the slowdown in vehicle sales caused by the COVID-19 pandemic, current safety rule and regulations will definitely increase the penetration of ADAS features in future vehicles.
Market Report Scope
| Report Highlights | Details |
| Market Size in 2020 | USD 34 Billion |
| Growth Rate | CAGR of 11.6% from 2020 to 2027 |
| Largest Market | Europe and North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2027 |
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Market Overview
A recent study by Precedence Research on the Advanced Driver Assistance Systems market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Advanced Driver Assistance Systems market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Advanced Driver Assistance Systems. The study also provides the dynamics that are responsible for influencing the future status of the Advanced Driver Assistance Systems market over the forecast period.
A detailed assessment of the Advanced Driver Assistance Systems market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Advanced Driver Assistance Systems market along with their product portfolio enhances the reliability of this comprehensive research study.
Report Highlights
- Europe and North America together held the majority of revenue share in 2019.The growth of these regions is mainly attributed to better road infrastructure facilities, higher adoption rate of new technologies and presence of key market participant.
- Stringent rules and regulations by various countries such as AEB and LDW for in France and South Korea, L3 driving system development in Canada is predicted to shape the market for global ADAS market in analysis period.
- The passenger car segment held the majority of revenue share in 2019 and accounted over 64% of the overall market and is also projected to emerge as the fastest-growing vehicle type segment in years to come.
- Regulations on frequency and bandwidth are estimated to support the growth of radar sensor segment in near future.
- Asia is anticipated to be fastest growing region for global ADAS market and is likely to grow at a CAGR of 14.8% in forecast period. China, Japan and South Korea governments have acknowledged the automotive industry’s growth potential, and have taken numerous measures to enable major OEMs to enter their domestic markets. According to our analyst, China is predicted to remain the global leader in electric vehicle production, with a 55% volume share in 2030.
- Europe and North America held the majority of revenue share in 2019. Ongoing developments in autonomous driving coupled with demand for light truck vehicle is expected to propel the demand for ADAS market in North America region. Japan, China and South Korea are expected to be key revenue contributing countries in the Asia Pacific region. Standardization of ADAS structures by Japanese OEM is predicted to surge the demand for ADAS in Japan market.Some of the countries from rest of world market participants such as Brazil, Mexico and UAE are expected to follow growth trends slowly.
OBJECTIVES OF THE STUDY
- To analyze and forecast the electric motor market, in terms of value and volume
- To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
- To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
- To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
- To strategically profile key players and comprehensively analyze their core competencies
- To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market
Research Methodology
- Market estimate for 2020
- Average selling price (ASP) per region for specific product type
- Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
- Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
- National government documents, statistical databases
- News articles, press releases, and webcasts specific to companies operating in the market
- Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
- Determination of market penetration by country
Major Players Covered in this Report
The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Major key players operating in the market are
- Denso
- Aptiv
- Robert Bosch GmbH
- Continental AG
- Magna International
- Veoneer
- Hyundai Mobis
- ZF Friedrichshafen
- Valeo
- NVIDIA
- Intel
- Microsemi Corporation
- Nidec Corporation
- Hella
- Texas Instruments
- Infineon Technologies AG
- Hitachi Automotive
- Renesas Electronics Corporation
Segments Covered in the Report
By System Type
- Intelligent Park Assist (IPA)
- Lane Departure Warning (LDW)
- Road Sign Recognition (RSR)
- Tire Pressure Monitoring System (TPMS)
- Night Vision System (NVS)
- Automatic Emergency Braking (AEB)
- Adaptive Cruise Control (ACC)
- Adaptive Front Light (AFL)
- Blind Spot Detection (BSD)
- Cross Traffic Alert (CTA)
- Driver Monitoring System (DMS)
- Forward Collision Warning (FCW)
- Others
By Sensor Type
- Image Sensors
- Ultrasonic Sensors
- LiDAR
- Radar Sensors
- Infrared (IR) Sensors
- Laser Sensors
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Truck
- Bus
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Why should you invest in this report?
If you are aiming to enter the global Advanced Driver Assistance Systems market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic compounds are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Advanced Driver Assistance Systems (ADAS) Market, By System
7.1. Advanced Driver Assistance Systems (ADAS) Market, by System Type, 2020-2027
7.1.1. Intelligent Park Assist (IPA)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Lane Departure Warning (LDW)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Road Sign Recognition (RSR)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Tire Pressure Monitoring System (TPMS)
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Night Vision System (NVS)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Automatic Emergency Braking (AEB)
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Adaptive Cruise Control (ACC)
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Adaptive Front Light (AFL)
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Blind Spot Detection (BSD)
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Cross Traffic Alert (CTA)
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Driver Monitoring System (DMS)
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Forward Collision Warning (FCW)
7.1.12.1. Market Revenue and Forecast (2016-2027)
7.1.13. Other
7.1.13.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Advanced Driver Assistance Systems (ADAS) Market, By Sensor
8.1. Advanced Driver Assistance Systems (ADAS) Market, by Sensor, 2020-2027
8.1.1. Image Sensors
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Ultrasonic Sensors
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. LiDAR
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Radar Sensors
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Infrared (IR) Sensors
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Laser Sensors
8.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Advanced Driver Assistance Systems (ADAS) Market, By Vehicle Type
9.1. Advanced Driver Assistance Systems (ADAS) Market, by Vehicle Type, 2020-2027
9.1.1. Passenger Car
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Light Commercial Vehicle
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Truck
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Bus
9.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Advanced Driver Assistance Systems (ADAS) Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by System (2016-2027)
10.1.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.1.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by System (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by System (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by System (2016-2027)
10.2.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.2.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by System (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by System (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by System (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by System (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by System (2016-2027)
10.3.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.3.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by System (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by System (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by System (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by System (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by System (2016-2027)
10.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by System (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by System (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by System (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by System (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by System (2016-2027)
10.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by System (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by System (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Sensor (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
Chapter 11. Company Profiles
11.1. Denso
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Aptiv
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Robert Bosch GmbH
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Continental AG
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Magna International
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Veoneer
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Hyundai Mobis
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. ZF Friedrichshafen
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Valeo
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. NVIDIA
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Intel
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Microsemi Corporation
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Nidec Corporation
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Hella
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. Texas Instruments
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. Infineon Technologies AG
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. Hitachi Automotive
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. Renesas Electronics Corporation
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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