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Advanced Driver Assistance System Market: Forecast until 2021

  • May 2016
  • 186 pages
  • ID: 3866798
In this report:
The ultrasonic sensor segment is set to grow at a CAGR of ##.##%, while the infrared sensor segment is expected to register a CAGR of ##.##% from 2016 to 2021.
The market in these countries in Asia- Oceania is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2021, at a projected CAGR of ##.##% between 2016 and 2021.

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"Stringent vehicle safety legislations, improving socio-economic conditions, and increasing demand for premium cars to fuel the market demand for advanced driver assistance systems"

The overall advanced driver assistance system market is estimated to rise at a compound annual growth rate of ~10.4 percent from 2016 to 2021, to attain a market size of ~$42.4B by 2021.

Key factors responsible for the increase of this market contain the introduction of driver assistance technologies in mid-segment cars and the increasing awareness regarding vehicle and pedestrian safety.

"Oceania/Asia: Market with important rise potential"

Oceania/Asia is expected to register the highest compound annual growth rate (CAGR) from 2016 to 2021. This can be connected to the presence of developed countries including Japan and South Korea (KR) in the territory; these two countries impose vehicle safety regulations that are as stringent as that of Europe and North America continent. On top of, improving socio-economic conditions in countries such as india (IN), Thailand (TH), and Indonesia (ID) have raised the industry demand for premium segment passenger cars, which has in turn, boosted the industry for ADAS in these countries.

"Camera sensors: Technology of the present and the future"

Camera sensors are used in different applications in modern automobiles. These applications contain driver assistance technologies including lane departure warning, drowsiness-monitoring, and park assist systems. The sector for these technologies is set to witness substantial increase, and this forecast is expected to progress in coming years. The camera sensor segment of the ADAS market, accordingly, possesses high increase potential.

The market research includes industry insights specified by different market experts, ranging from material suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

- By Company category - OEM - 44.0 percent, Tier-1 - 38 %, Tier-2 - 13.0 percent, and Others - 6.0 percent

- By Description - C-suite - 38.0 percent, D-suite - 31.0 percent, and Others - 31.0 percent

- By area - North america (NA) - 25.0 percent, Europe - 31.0 percent, and Asia-Oceania - 44.0 percent

The overall ADAS market is leaded by, is monopolized by globally established players including Continental (CON), Denso Corp (TYO:6902), Delphi Automotive PLC, Robert Bosch (RBOS), and Autoliv Inc.. Key increase strategies approved by these actors contain development and new product improvement.

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry review (sector trends, Porter's Five Forces, and PEST study), supply chain research, and company descriptions, which together comprise and examine the basic overviews on the emerging and high-growth segments of the ADAS market, opposing landscape, high-growth areas and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The industry report allows new sector entrants/smaller companies to comprehend the industry better and consequently helps them to acquire a larger market share. Companies obtaining the study could use any one or an aggregation of the below-mentioned four strategies (sector development, product improvement/innovative projects, business diversification, and opposing assessment) to enhance their rank in the sector.

The analysis offers business insights with reference to the following points:

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for ADAS technologies across localities

- Product improvement/Innovative products: In-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the ADAS market

- Industry diversification: Exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the overall ADAS market

- Opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of key players in the overall ADAS market

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