The Advanced Driving Assistance System uses various sensors (millimeter-wave radar, lidar, mono / binocular camera, and satellite navigation) installed in the car to sense the surroundings at any time during the driving of the car. Environment, collect data, identify, detect and track static and dynamic objects and combine the map data of the navigator to perform systematic calculations and analysis so that drivers can be aware of possible dangers in advance, effectively increasing the comfort of car driving And safety. In recent years, the ADAS market has grown rapidly. Originally, this type of system was limited to the high-end market, but it is now entering the mid-range market. At the same time, many low-tech applications are more common in the entry-level passenger car field. Improved new sensor technologies are also being developed. Create new opportunities and strategies for system deployment.
The Advanced Driver Assistance System (ADAS), which uses a variety of sensors installed in the car, collects environmental data inside and outside the car for the first time for the identification, detection, and detection of static and dynamic objects. Technical processing such as tracking, so that the driver can detect the possible danger in the fastest time, so as to attract attention and improve safety. Active safety technology. The sensors used by ADAS are mainly cameras, radars, lasers, and ultrasonic. They can detect light, heat, pressure, or other variables used to monitor the state of the car. They are usually located in the front and rear bumpers, side mirrors, the interior of the steering column, or the windshield.
Global Advanced Driver Assistance System (ADAS) Market projected to grow with a momentous rate during the forecast period, 2020-2027. The surge in demand for advanced sensing systems in automobiles to avoid road accidents expected to trigger the global advanced driver assistance system market in the upcoming periods. Additionally, the promulgation of various favorable policies by the various government has promoted the development of autonomous driving technology and the intelligent automobile industry. As the launch of autonomous driving, ADAS has taken the lead in gaining popularity. As the autonomous driving industry continues to heat up, in addition to traditional automotive electronics, first-tier suppliers, start-ups such as technology companies, mainframe manufacturers, artificial intelligence algorithms, and chips have poured into the global ADAS market.
Moreover, the increasing demand for safer and efficient and convenient driving experience would lead to the growth of global advanced driver assistance ADAS Market. In addition, growing consumer awareness pertaining to vehicle safety, security, and autonomous driving are vital factors expected to drive the advanced driver assistance system ADAS market size growth in future periods. Furthermore, the rise of usages ADAS to improve road safety and reduce property damage caused by traffic accidents coupled with governments around the world have gradually strengthened regulations that new models be equipped with an ADAS system, which would influence ADAS market trends.
At present, governments across the globe have increasingly reinforced regulations and required that new vehicles be fortified with an ADAS system that can effectively enhance vehicle safety. On January 4, 2019, China’s National Automated Intelligent Vehicle Sub-Bid Committee organized a car recommendation national standard road vehicle advanced driving assistance system (adas) terms and definitions, and a draft of comments was completed. This standard specifies the terms and definitions related to the Advanced Driving Assistance System (ADAS) for road vehicles. NCAP is a non-compulsory non-compulsory safety certification system, and currently has similar evaluation agencies in Europe, Japan, the United States, and Australia. Due to the reliability of the NCAP evaluation, its rating has become an important factor affecting consumers’ car purchases, and it has played a significant role in driving car companies to improve safety technology.
The global status report on road safety 2018, launched by WHO in December 2018, highlighted that the number of annual road traffic deaths has reached 1.35 million. Road traffic injuries are now the leading killer of people aged 5-29 years. The automotive industry is witnessing a rapid evolution of safety features. As consumers understanding and demand for vehicle safety continues to increase, the development and application of ADAS technology has become an important bargaining chip for automotive companies in the market. It can enable more cars to be equipped with more effective safety systems that reduce injuries and deaths.
From the perspective of various advanced driver assistance system technologies, the technologies with higher consumer experience are tire pressure monitoring system, ESP body electronic stability system, reversing image monitoring system, AFS adaptive front lighting system, night vision system, and HUD head-up. Also, advanced driver assistance systems make driving easier with features such as parking assistance and cruise control. For example, a spare camera, an ADAS technology that has widely used, makes parallel parking easier.
Based on type, the global Advanced Driver Assistance System (ADAS) market classified into Tire Pressure Monitoring System, Adaptive Cruise Control, Automatic High Beam Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Forward Collision Warning, Front Lighting, AEB, Night Vision, Head-Up Display, Lane Departure Warning, Intelligent Parking Assist System (IPAS), Surround View System, and Traffic Sign Recognition. The Tire Pressure Monitoring System expected to gain a major share in the market by 2027, owing to the surge in demand for tire pressure monitoring systems to determine the tire status while traveling. In addition, the rise in the adoption of direct and in-direct TPMS along with the availability for real-time pressure status of tires would influence the tire pressure monitoring system market.
The Intelligent Parking Assist System (IPAS) segment will drive by increasing demand for IPAS for assisting the driver in reverse and parking operations to prevent collision risks in the process, including a reverse image monitoring system, a full-range body image system, and an intelligent parking assistance system.
Based on Sensor, the global Advanced Driver Assistance System (ADAS) market categorized into LiDAR Sensor, Infrared Sensor, Ultrasonic Sensor, RADAR Sensor, and Image Sensor. Image Sensor anticipated dominating the market by 2027, due to increasing demand for the image in blind spot detection, auto high beam, night vision, lane departure warning systems, and surround-view systems.
The LiDAR Sensor segment will boost by the surge in its application for complete automation under all driving modes. LIDAR is managing the speed and steering control, thereby providing a remarkably safe driving experience.
Based on Vehicle Type, the global Advanced Driver Assistance System (ADAS) market classified into Passenger Car Passenger Cars (Sedan, Hatchback, Minivan, and Others), Light Commercial Vehicle (Utility Vehicle, Light Truck, and Others), Buses and Heavy Commercial Vehicle (HCV). The Passenger Car segment gained a major share in 2018 and estimated to dominate the market by 2027 due to the rise in disposable incomes across the globe, which lead to sales of premium and luxury vehicles equipped with electronic & safety systems. Moreover, the growing demand for compact and luxury cars equipped with ADAS features will further accelerate the ADAS industry.
The Heavy Commercial Vehicle segment will grow by growing usages of automated braking technologies in heavy vehicles along with speed limiters.
Based on Distribution Channel, the global Advanced Driver Assistance System (ADAS) market bifurcated into OEM and Aftermarket. OEM segment likely to gain maximum revenue by 2027 on account of the surge in demand for safety systems among brand manufacturers to improve brand identity and ensure vehicle safety.
The Aftermarket segment will drive by the augmentation in consumer awareness regarding safety, security, comfort, and efficiency of vehicles.
By Component, the global Advanced Driver Assistance System (ADAS) market bifurcated into Hardware and Software. The software segment will lead the market by 2027, as ADAS software provides automotive software architects the certainty of proven software infrastructure and communicate autonomously with other devices.
On the basis of Propulsion, the global Advanced Driver Assistance System (ADAS) market bifurcated into Electric (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Fuel Cell Electric Vehicle (FCEV)) and Fuel. Electric segment estimated to dominate the market by 2027, owing to government’s regulations for promotions of electrical vehicles to curb pollutions issues and shifting of manufacturing companies towards electric vehicles such as Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV) and Fuel Cell Electric Vehicle (FCEV).
Based on geography, the global Advanced Driver Assistance System (ADAS) market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific appraised to occupy the lion’s market share by 2027, owing to developing countries, like India, China, and Japan, with the rise in the number of vehicle sales, more customers are opting for ADAS features in their vehicles. Additionally, with the new government regulations in place and the proven safety benefits, these systems have gained consumer interest.
The Europe region will grow by supporting the government’s initiatives, including EuroNCAP, promoting the fitment of safety features in vehicles.
Companies such as Robert Bosch GmbH, Continental AG, Aptiv, ZF Friedrichshafen, Texas Instruments, Magna International, TRW Automotive, Aisin Seiki Co., Delphi, NVIDIA Corporation, NXP Semiconductor Inc, Mobileye, Harman International, Denso Corporation, Hyundai Mobis, Valeo, Samsung, and Hella are the key players in the Global Advanced Driver Assistance System (ADAS) Market.
By Sensor Type
By Vehicle Type
By Distribution Channel