1. Market Research
  2. > Automotive
  3. > Auto Parts Market Trends
Global Advanced Driver Assistance Systems Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Component: Sensor; System

Global Advanced Driver Assistance Systems Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Component: Sensor; System

  • March 2016
  • 85 pages
  • ID: 4713803
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

The global ADAS market is growing, due to increasing demand for safety and comfort features in the vehicles, government regulations and initiatives related to vehicle safety, and growth in the number of high net worth individuals. The advancement in technology has been laying opportunities for the global market, as the customers like to upgrade their vehicles into a more integrated version.



Advanced Driver Assistance Systems

Technology up gradation is the key for a company’s growth in the ADAS market. The existing products are being replaced by their newer versions, as consumers are more inclined towards the products with an up graded technology. Continental launched electronic horizon (eHorizon) in 2015, whose functioning is based on the principle of cloud sourcing that develops cars as moving sensors and allows exchange of data between the cloud and the vehicle. Autoliv launched a driver assistance product in 2014 that provides a light-based touchless-touch sensing with visual guidance. It is also an alternative to mechanical switches in the automotive. During the same year, Audi introduced adaptive cruise control system with the launch of its Q7 model. It also reduces the fuel consumption of the vehicle on interurban roads by around 10%.

In 2014, Magna launched EYERIS Gen 2.5 vision system. The system has features, such as lane departure warning, traffic sign recognition, forward collision, lane keeping assistance, glare-free high beam and collision mitigation. BMW launched active cruise control in 2014 that keeps the user’s vehicle at a constant distance from the vehicles in the front. In the system, the vehicle speed becomes constant within a range of 30 – 210 km/hour.

With the advancement in technology, the demand for safety and comfort features in the vehicles has been increasing. The improvement in technology of sensors has led to development of several electronics equipment. This is encouraging the vehicle manufacturers to equip their vehicles with advanced features. The applications of ADAS, such as Adaptive Cruise Control and Parking Aid Systems have been introduced to provide comfort to the drivers. Tire pressure monitoring system (TPMS) automates the pressure check in the vehicle tires.

The advancement in technology has been increasing the numbers of connected cars. Such cars are safer as compared to the standard passenger cars, since several equipment promoting vehicle safety are integrated with the vehicle. However, the earlier regulations related to vehicle safety were moderate and not mandatory. In the recent past, the government regulations towards vehicle safety have become strict and the vehicles driven in most of the developed countries are required to be equipped with safety features, such as ADAS. The European Commission (EC) has targeted to reduce the road traffic accidents by 50% in the years to come. The National Highway Traffic Safety Administration (NHTSA) in the U.S. has issued a mandate called Federal Motor Vehicle Safety Standards (FMVSS), according to which the vehicle manufacturers and equipment must conform and certify compliance related to vehicle safety. These initiatives and regulations are driving the growth of the global ADAS market.

The HNIs are the most prospective customers of premium cars, equipped with ADAS. A significant growth in the numbers of HNIs has been witnessed during the recent past, which is also fuelling the demand for ADAS in the global market. The number of HNIs in countries such as China, India, France, Italy, Russia, Switzerland, and Indonesia has grown significantly during the recent past. According to a wealth report published by Capegemini and Royal Bank of Canada (RBC), there were approximately 2 lakh HNIs in India, in 2014, which increased from 1.3 lakh in 2009. This is also reflected in the increasing ownership of premium vehicles in these countries.

The key players in the global ADAS market include Magna International Inc, Autoliv Inc., Continental AG, Robert Bosch GmbH, Valeo, Denso Corporation, Ford Motors Company, BMW AG, and Audi AG.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Motorcycle ADAS Market, By System Type, By Demand Category, By Region, Competition, Forecast and Opportunities, 2025

Global Motorcycle ADAS Market, By System Type, By Demand Category, By Region, Competition, Forecast and Opportunities, 2025

  • $ 4450
  • January 2020

Global Motorcycle ADAS (Advanced Driver Assistance System) Market, By System Type (Adaptive Cruise Control, Gear Shift Assist, Stability Control System, and Traction control system), By Demand Category ...

Advancements in Automotive Electronics

Advancements in Automotive Electronics

  • $ 4950
  • December 2019

Advances in sensor technology that enhance navigation and object detection, advanced braking systems, image processing algorithms, and machine vision have created opportunities for automotive manufacturers ...

Frost Radar in the Global LiDAR Market

Frost Radar in the Global LiDAR Market

  • $ 4950
  • December 2019

Zero road fatalities is a goal for legislators, automotive suppliers, and original equipment manufacturers.To achieve this, major automotive companies are exploring autonomous driving technologies to complement ...


ref:plp2016

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on