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Global Advanced Driver Assistance Systems Market By Component (LiDAR, Camera Unit, Others), By Solution Type (Blind Spot Detection, Parking Assistance, Other), By Vehicle Type, By Region– Forecast & Opportunities to 2026

The global advanced driver assistance systems (ADAS) market accounted for USD 29.6 Billion in 2019. ADAS market projected to register growth at a CAGR of 17.4% during forecast period.

COVID-19 has impacted the automotive industry significantly. All the production and assembly activities were halted. The supply of finished products and raw materials were affected immensely due to travel restriction and lockdown imposed by governments around the world. The export and imports were also immensely affected due to international border closers and limited operation of flights. The vehicles sales have been hit and experienced a major decline due corona virus outbreak. This has impacted market for ADAS around the world. it is expected that ADAS market will foresee boost in 2021 as governments in many region has mandate the use of ADAS in vehicles but this growth will be sluggish.

Definition:

Advanced driver assistance systems can be defined as electronic system which is used to assist drivers for various purposes such as driving, parking and about tire pressure level etc. It assists drivers through a human machine interface. This feature is highly useful in improving road safety. It uses automated technology like cameras and sensors to detect errors and obstacles in road and then it responds accordingly.

Market Dynamics (Drivers/Opportunities):

Road accidents are a major concern these by government across the world. Deaths due to road accidents are increasing significantly and governments are taking many initiatives to reduce road accidents. The ADAS helps in reducing accidents and ensures road safety. This is likely to drive growth in ADAS market during forecast period.

The awareness about road safety is increasing among customers. They are getting aware about safety ratings and demanding advanced safety features in vehicles. ADAS is used by major companies around the world in order to improve safety rating which ultimately attract consumer. This drives growth in ADAS systems during forecast period.

Market Insights, by Component

On the basis of component, the ADAS market is segmented into camera unit, LiDAR, radar sensor, ultrasonic sensor, infrared sensor. The radar sensor is estimated to register growth at highest CAGR during forecast period.  ADAS is used by major OEMs to improve safety rating of the vehicles. The safety awareness is increasing and government is also promoting such solutions. The growth in ADAS market is responsible to drive growth of radar sensors in various regions like Europe and Asia-Pacific. The use of 24GHz radar in 5GHz bandwidth is restricted y several boards such as Federal Communications Commission (FCC) of US and European telecommunications Standards Institute (ETSI). OEMs prefer long-range radars of 77 GHz. It provides better compliance and reliability. The demand for collision avoidance system is increasing. This is likely to drive growth in radar sensor segment in ADAS systems.

Market Insights, by Solution Type

On the basis of solution, the ADAS market is segmented into blind spot detection, adaptive cruise control, park assistance, tire pressure monitoring systems, lane departure monitoring systems, adaptive front lights and autonomous emergency braking. Adaptive cruise control segment is estimated to register growth at highest CAGR of XX% during forecast period. The government in many regions such as Europe has mandate use of adaptive cruise control systems in vehicles for safety. The awareness about safety and safety rating is increasing among consumers which drive adaptive cruise control systems.

Market Insights, by Vehicle Type

On the basis of vehicle type, the ADAS market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle. The passenger cars segment is estimated to register growth at highest CAGR during forecast period. The demand for passenger is increasing and the sales for such cars are growing immensely. The awareness for safety is growing among consumers and they are demand more and more safety features. Consumer even begin to consider safety rating of vehicle and installation of ADAS in passenger vehicle improves its safety rating thus manufacturers across the world are installing ADAS in passenger cars segment. This drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The vehicle production is very high in the countries like China, South Korea, Japan and India and the use of advanced electronics in vehicles is rapidly increasing in vehicles in various countries of Asia-Pacific region. The rapid development in automotive industry in this region is likely to drive growth in ADAS in Asia-Pacific region.

Key Companies & Market Share Insights

The key market players in ADAS sector are Robert BOSCH, Continental AG, Denso, ZF Friedrichshafen AG, Aptiv, Valeo, Hyundai Mobis, Magna Internatinal inc., Samsung Electronics, Veoneer Inc., Intel, NVIDIA, Hitachi Automotive, Nidec Corporation, Renesas Electronics Corporation and Aisin Seiki. The major players in this industry are focusing on launching new and advanced technologies. The budget for R&D is higher for such companies.

Segments Covered in the Report

This report forecasts The Global ADAS Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global ADAS market report on the basis of component, vehicle type, and solution type.

ADAS Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. ADAS Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Camera Unit
  • LiDAR
  • Radar Sensor
  • Ultrasonic Sensor
  • Infrared Sensor
  1. ADAS Market, By Solution Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Blind Spot Detection
  • Adaptive Cruise Control
  • Parking Assistance
  • Tire Pressure Monitoring Systems
  • Lane Departure Monitoring Systems
  • Adaptive Front Lights
  • Autonomous Emergency Braking
  1. ADAS Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  1. ADAS Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Component
    • By Solution Type
    • By Vehicle Type
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Component
      • By Solution Type
      • By Vehicle Type
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Component
        • By Solution Type
        • By Vehicle Type
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Component
          • By Solution Type
          • By Vehicle Type
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Component
            • By Solution Type
            • By Vehicle Type
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Aisin Seiki
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Robert BOSCH
    • Continental AG
    • Denso
    • ZF Friedrichshafen AG
    • Aptiv
    • Valeo
    • Hyundai Mobis
    • Magna Internatinal Inc
    • Samsung Electronics
    • Veoneer Inc.
    • Intel, NVIDIA
    • Hitachi Automotive
    • Nidec Corporation
    • Renesas Electronics Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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