According to a new market report published by Lucintel, the future of the global automotive ADAS market looks promising with opportunities in mid-size cars, large cars, SUVs, and crossovers. The global automotive ADAS market is expected to reach an estimated $71.2 billion by 2027 and it is forecast to grow at a CAGR of 21.6% from 2021 to 2027. The major drivers of growth for this market are increasing production of premium and luxury vehicles, advancement in the automotive electronics, stringent government regulations to reduce road fatalities, and increasing collaboration between OEM and ADAS suppliers to develop low-cost driver assistance systems.
Browse 204 market data tables and 223 figures spread through 325 pages and in-depth TOC on “Global Automotive Advanced Driver Assistance System (ADAS) Market"
In this market, automatic emergency braking system, forward collision warning, adaptive cruise control, blind spot detection, lane departure warning, parking assistance system, pedestrian detection system, traffic sign recognition, night vision, and driver drowsiness detection are some of the major segments of the automotive ADAS market. On the basis of its comprehensive research, Lucintel forecasts that the adaptive cruise control, night vision and driver drowsiness detection segments will show above average growth during the forecast period.
Radar, camera, sensor fusion, LIDAR, infrared, and ultrasonic are the major segments of the automotive ADAS market by technology. Camera technology is expected to show above average growth during the forecast period.
North America is expected to remain the largest market due to high luxury and premium car production, government NCAP rating for safety features in vehicles, and increasing investment by the industry players within the North America region. Asia Pacific and North America are expected to witness significant growth over the forecast period because of rapidly increasing demand for ADAS products from OEMs.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of fusion sensor technology in ADAS products and the development of adaptive cruise control with eHorizon and development of X2 safe intelligent algorithm. ZF TRW Automotive Holdings Corporation, Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, and Denso Corporation are the major ADAS suppliers in the global automotive ADAS market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive ADAS market by product, technology, vehicle type, end user, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive ADAS Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive ADAS market by product, technology, vehicle type, end user, and region, as follows:
Automotive ADAS Market by Product [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:
•Automatic Emergency Braking System (AEBS)
•Forward Collision Warning (FCW)
•Adaptive Cruise Control (ACC)
•Blind Spot Departure (BSD)
•Lane Departure Warning (LDW)
•Parking Assistance System (PAS)
•Pedestrian Detection System (PDS)
•Traffic Recognition System (TSR)
•Night Vision (NV)
•Driver Drowsiness Detection (DDD)
Automotive ADAS Market by Technology [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:
•Radar
•Camera
•Sensor Fusion
•LIDAR
•Infrared
•Ultrasonic
Automotive ADAS Market by Vehicle Type [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:
•Large Car
•SUV and Crossover
•Mid-size Car
•Others
Automotive ADAS Market by End User [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:
•OEM
•Aftermarket
Automotive ADAS Market by Region [Value ($ Million) and Volume (Thousand Units) from 2016 to 2027]:
•North America
oUnited States
oCanada
oMexico
•Europe
oGermany
oFrance
oRussia
oUnited Kingdom
•Asia Pacific
oChina
oJapan
oSouth Korea
oIndia
oIndonesia
•The Rest of the World
oBrazil
oArgentina
This 325-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-adas-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive ADAS market by product (AEBS, FCW, ACC, BSD, LDW, PAS, PDS, TSR, NV, DDD), by technology (radar, camera, sensor fusion, LIDAR, infrared, ultrasonic), vehicle type (large car, SUV and crossover, mid-size car, and others), end user (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?