Global Advanced Driver Assistance Systems Market - 2019-2026
Advanced driver assistance systems, hereinafter ADAS, are the human-machine interface systems that assist drivers in the driving process for increasing road safety. The global ADAS market includes all the safety systems such as night vision, street sign recognition, adaptive cruise control, lane departure warning system, parking assistance, blind spot detection and adaptive front lighting system among others.
The significant impacting factors in the ADAS market include an increase in consumer awareness of vehicle safety features, growth in the automobile sector, and competition among OEMs. The market is also influenced by the rise in the number of fatal road accidents and the implementation of strict safety regulations by the government to prevent the increase in road accidents.
However, factors such as pricing pressure, and complexity & difficulty in testing systems restraints the growth of this industry.
Increase in Safety Concerns
The demand for ADAS in vehicles has increased at a significant pace over the recent years and is anticipated to maintain this trend during the forecast period. Increase in fatal accidents in the developing countries is boosting the adoption of ADAS such as night vision, street sign recognition, blind spot detection and adaptive cruise control.
Impact of NCAP
NCAP, a key program that rates vehicles based on their safety performance and crash tests, is aiding in the growth of the airbag market. Moreover, stringent safety regulations enacted by the government is another factor influencing the growth of the airbag market. According to the NCAP, all the vehicles need to undergo the crash test and need to satisfy safety ratings. Due to this stringent norms enacted by the government related to road safety, the ADAS market is anticipated to grow at a higher rate during the forecast period.
Veoneer, Autoliv’s Spin-off – Key ADAS Supplier
In December 2017, Global auto component manufacturer Autoliv announced that the new electronics spin-off company will be named Veoneer. Veoneer's ambition is to be a leading system supplier for ADAS and autonomous driving as well as a market leader in automotive safety electronics products. Veoneer's offering will include safety electronics, sensors, and software for active safety, advanced driver assistance systems (ADAS) and autonomous driving (AD) as well as advanced brake control solutions.
Key players in the ADAS market are focussing on new product development and undergoing various business strategies for sustaining in the competitive market. Most leading players are focussing on product development and satisfy the regulatory framework related to road safety. In order to achieve this, they are increasingly involved in high R&D investments, acquisitions, tie-ups and collaborations with various regional players and academia. Key leading players operating in the global ADAS market include Autoliv Inc., Valeo, Mobileye and Tata Elxsi among others
● The scope of this report is focused on Advanced Driver Assistance System (ADAS) for passenger and commercial vehicles (off-road not included)
✓ The report provides extensive qualitative and quantitative assessment of the present and future trends in the global ADAS market
✓ Focus on the various market dynamics that has an impact on the growth of the market
✓ Recent industry trends and developments in ADAS market
✓ The report provides supply and demand factors affecting the growth of the market along with the current and future trends in ADAS market
✓ The report provides key consumer analysis, focussing on consumer needs and the response to the present ADAS systems
✓ Focus on regulatory framework for safety in automotive
✓ Key players of the market are profiled and their recent developments, product portfolio and other business strategies are listed
✓ Primary research findings focuses on the key trends, challenges and opportunities in the global ADAS market
✓ Global ADAS Manufacturers
✓ Automotive OEMs
✓ Suppliers, Dealers and Distributors of ADAS
✓ Research Organizations and Academia
✓ Associations, Organization Related to Automotives
✓ Market Research and Consulting Firms
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