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GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) FOR COMMERCIAL VEHICLES MARKET-FORECAST & ANALYSIS, 2016 -2022

GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) FOR COMMERCIAL VEHICLES MARKET-FORECAST & ANALYSIS, 2016 -2022

  • May 2016
  • 208 pages
  • ID: 4782005
  • Format: PDF
  • By BIS Research

Summary

Table of Contents

Global Commercial Vehicle ADAS Market to grow over $2.6 billion by 2022

Rising awareness about driver safety and growing influence of safety regulations imposed by various governmental organizations have made Advanced Driver Assistance System (ADAS) an essential component in commercial vehicles. The market is estimated to witness a growth at a CAGR of 10.6% over the period of 2016 to 2022. The report is a compilation of various segmentation of Global Commercial Vehicle ADAS market including market breakdown by components, sensor technologies, applications, and different geographical areas.

The report details the market analysis and forecast with respect to its various components such as parking assistance, autonomous emergency breaking system and distance warning system, drowsiness monitoring system, blind spot detection system, adaptive front lighting system, adaptive cruise control system, lane departure warning, night vision system, and tire-pressure monitoring system among others.

While highlighting the key driving and restraining forces for this market, the report also provides a detailed section of the application areas of global commercial vehicle ADAS market which includes light commercial vehicles (LCV) and heavy-duty trucks and busses. It also details the leading players involved in the industry.

The report answers the following questions about the Global Commercial Vehicle ADAS Market:
- What is the Global Commercial Vehicle ADAS market size is in terms of revenue and volume from 2015-2022?
- What are the dominant components and sensor technology used in commercial vehicle ADAS?
- What are the different application areas of commercial vehicle ADAS?
- What is the revenue generated by different components, sensor technology, and applications of commercial vehicle ADAS?
- What is the prime supply and demand sides factors affecting the growth of the market along with the current and future trends in the commercial vehicle ADAS market?
- What are the different factors driving the market in the forecast period?
- What are the major factors challenging the growth of Global Commercial Vehicle ADAS Market?
- What kind of new strategies are being adopted by existing market players to make a mark in the industry?
- Which region will lead the Global Commercial Vehicle ADAS Market by the end of forecast period?

Various sensor technologies such as image sensor, laser, infrared, ultrasonic, and radar, among others used in commercial vehicle ADAS has been analyzed and their market numbers are projected in the report. The report also highlights the value chain and evolution of the ADAS for commercial vehicles with major focus on technology roadmap. The industry analysis has evaluated the impact of the five major forces to understand the overall attractiveness of the industry.

The company profile section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, & developmental activities of recent years. Some of the key players are WABCO, Continental, Bosch, Bendix Commercial Vehicles, Hella, and Delphi among others

Europe generated the maximum revenue in the year 2015 and APAC is expected to grow at a fastest rate as compared to other regions in the forecast period. The industry is expected to cross $2.6 billion in total market value by the end of forecast period.

Executive Summary
The automotive industry is growing at a rapid rate due to emerging technological innovation and entrance of low cost and compact size sensors. Moreover, these technologies are raising the overall demand for advanced driver assistance systems (ADAS) in commercial vehicles which allows autonomy to the vehicles and assist the driver in safe driving. The market is estimated to reach $2.6 billion by 2022 at a CAGR of 10.6% through the forecast period. Emerging technologies, growing awareness about driver safety, and stringent automotive safety regulations are some of the reasons fuelling the market growth. However, the market consists of some constraints such as high cost in installation, complexity in testing and validating, and consumer acceptance which are hampering its overall growth.

The global commercial vehicle ADAS market has been tracked along the lines of its components, sensor technologies, application areas, and geography. The various components in ADAS include: parking assistance system, drowsiness monitoring system, blind-spot detection system, adaptive front lighting system, autonomous emergency braking system and distance warning system, Adaptive Cruise Control(ACC) system, night vision system, pedestrian detection, tire pressure monitoring, lane departure warning, and e-call Telematics. ACC contributed maximum in terms of revenue to the market and accounted for ~20% share in 2015. Factors such as allowing drivers to adjust the position of throttle, improving fuel economy of the vehicle, and offering comfortable driving irrespective of traffic flow is propelling the growth of ACC in commercial vehicle.

Various sensor technologies such as image sensor, laser, infrared, ultrasonic, and radar, among others used in commercial vehicle ADAS. Image sensors in 2015 held the largest share because of wide usage in ADAS such as driver-drowsiness warning system, lane-departure warning, backup camera and surround-view systems, and collision avoidance.

Applications of ADAS in commercial vehicles are light commercial vehicle (LCV) and heavy trucks and busses. LCV accounted for the major share in 2015; however, the penetration of ADAS in heavy trucks and busses is more in comparison to LCV.
This report covers the global commercial vehicle ADAS market, and consequently provides the revenue of the key regions – North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). The analysis has identified that Europe was the maximum revenue generating segment in 2015, the reason being rising government regulation which has forced the OEMs to install the mandatory ADAS components in the commercial vehicles to gain the ratings. APAC is the fastest growing region in the market and the key revenue contributing countries in the region include China, Japan, Australia, and India.

Some of the key players in the industry are WABCO, Continental, Bosch, Bendix Commercial Vehicles, Hella, and Delphi among others. These companies are aiming for business expansion through mergers & acquisitions, partnerships, and product launches to prevent the new entrants from entering the market.

Countries Covered
North America,Europe,APAC,ROW

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