High Growth & Smooth Sailing of Automotive ADAS Market

Posted by Stratview Research on November 28th, 2019

The Cutting-Edge Stratview Insights:

Stratview Research prognosticates the market to grow at a healthy CAGR of 10.2%over the next five years and expects the market to cross over of US$ 28.2 billion mark by 2022.

The estimates are a result of market analysis over a period of 2011-16, Stratview Research goes to the depth of the issues shaping the market and estimates the most probable future growth rate for the Automotive Advanced Driver Assistance Systems (ADAS) Market during the period 2017-22.

Identifying the Factors & Avenues of Growth

Tending to the most frequent questions and problems that consume the psyches of business visionaries and leaders, the new report of "Stratview Research" on the Automotive Advanced Driver Assistance Systems (ADAS) Market respondsto all the significant inquiries.

The automotive advanced driver assistance systems market is projected to experience an excellent double digit CAGR of 10.2% over the next five years to reach US$ 28.2 billion in 2022, driven by rising consumers’ preferences for safety features, advancement in technology, introduction of more stringent norms, and organic growth in the global automobile production. Additionally, increasing demand for premium and luxury cars is also propelling the growth of advanced driver assistance systems in the automotive industry. Some companies have started to deploy these systems from in mid-range cars as well to fulfill consumers’ safety preferences.

Unravelling the Critical Segments

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives a better understanding of the market.

                It would mean a lot understand with clarity that the market has various parts and insights on them might be critical to many players.

                The market of Automotive Advanced Driver Assistance Systems (ADAS) has been divided into categories such as by Vehicle Type, Technology Type, Sensor Type, By Region. Insights on each segment can be of critical importance to any player.

Each segmented view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:

• Which are the best performing segments of the market?
• Which is the most dominant region?
• Which material is the most promising?
• Who are the movers and shakers of the market?
• What are the regional growth hotspots?
• What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample: https://www.stratviewresearch.com/Request-Sample/131/automotive-advanced-driver-assistance-systems-mark.html

Continental AG at the Helm

The top 5 players are Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna.

Other important firms are Valeo, ZF TRW Automotive, Audi AG, BMW AG, Ford Motor Company, General Motors.

Emerging Trends:

Increasing Demands of Radar Sensor

Radar is expected to remain the most dominant sensor type in the automotive ADAS market during the forecast period. Radar sensors are used in a wide array of systems, such as adaptive cruise control systems and emergency brake assists. It is also anticipated to be the fastest growing sensor type in the same period. Ultrasonic and image sensors are also projected to experience a healthy growth rate in the same period.

Passenger Car to Remain the Growth Engine

The global automotive ADAS market is segmented based on the following vehicle types: Passenger Cars, Light Commercial Vehicles, and Medium & Heavy Duty Commercial Vehicles. Passenger car is expected to remain the largest vehicle type in the automotive ADAS market over the next five years, driven by increasing penetration of ADAS in the segment. The vehicle type is experiencing an expansion in usage of ADAS from luxury cars to mid-range cars. The vehicle type is also projected to witness the fastest growth during the forecast period, owing to rising demand for ADAS across regions.

Adaptive cruise control system to remain dominant

The global automotive advanced driver assistance systems market is segmented based on the following technology types: Adaptive Cruise Control, Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others ADAS. All these technologies are expected to grow at a healthy pace during the forecast period. Tire monitoring system will continue to occupy a large market share in the North America and Europe region because of mandated regulation by the US and European (countries’) governments. Adaptive cruise control system is expected to remain dominant in the North America region. Asia- Pacific is estimated to be the fastest growing region for blind spot detection, emergency brake assist, head-up display, and park assist systems, mainly because of high congestion in traffic and rising purchasing power in developing countries.

North America to be the Largest Market

In terms of region, North America is estimated to remain the leading global automotive ADAS market during the forecast period. Increasing demand for high safety features, mandate of some of the key ADAS system installations in the vehicles such as tire pressure monitoring system, and organic growth in automotive production are the major growth drivers of the region over the next five years. Asia-Pacific is expected to grow at a higher rate during the forecast period because of increased automobile production, especially in China and India and increasing penetration of ADAS in the major Asia-Pacific markets, such as China, Japan, and India. Middle East and Latin America are also estimated to experience a healthy growth in the same period.

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