Advanced Driver Assistance Systems (ADAS) Market by System Type (Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Tire Pressure Monitoring System (TPMS),Blind Spot Detection System, Adaptive Front-lighting System, Adaptive Cruise Control System, Lane Departure Warning System and Others), Sensor Type (Image Sensor, Lidar Sensor, Ultrasonic Sensor, Infrared (IR) Sensor, Radar Sensor, and Laser Sensor), and Vehicle Type (PCV, LCV, HCV): Global Opportunity Analysis and Industry Forecast, 2021–2027

The Advanced Driver Assistance Systems (ADAS) Market was valued at $XX million in 2019, and is expected to reach $XX million by 2027, registering a CAGR of XX% from 2021 to 2027.

Advance Driver Assistance System (ADAS) is designed to help drivers to minimize the errors and help them to avoid accidents by ensuring car and road safety. Also this system provides comfort while driving. According to comprehensive study of road safety 90 to 93% percent accidents occur due to the human errors and other small percentage was caused by mechanical errors and environmental conditions. The Advanced Driver Assistance Systems uses electronic control units (ECU) and microcontroller units (MCU) to operate. The advanced driver assistance systems includes drowsiness monitor system which helps driver to getting drowsy, intelligent parking assist system (IPAS) which helps driver in automated parking, tire pressure monitoring system (TPMS) gives accurate rating of tyre pressure, adaptive cruise control system adjusts vehicles speed to maintain safe distance between the vehicles, blind spot detection system warns driver about the vehicles which driver is unable to see, lane departure warning system warns driver when vehicles moves out of the lane, adaptive front-lighting system adjusts the illumination of light according to the conditions of road and environment. Moreover advanced driver assistance systems works on sensors and the sensors used include image sensors which detects information from devices like camera and display it by converting the format, lidar sensor is used for measuring distances by illuminating the target with laser light and measuring the reflection with a sensor these sensors are mainly used in parking sensors, ultrasonic sensors are used for measuring distances by emitting ultrasonic sound waves on the object, infrared sensor is usually used to detect motion or temperature but in advanced driver assistance systems it is mainly used in night vision cameras, radar sensor works on radio waves for measuring distances and is mainly used in adaptive cruise control and parking sensors, laser sensors are mostly used with other sensors for measuring distances or detecting surfaces. In addition to this the advanced driver assistance systems is used in passenger carrying vehicle (PCV), light commercial vehicle (LCV), heavy commercial vehicle (HCV).

The road safety is the factor driving the market growth for advanced driver assistance systems, the increasing awareness in people regarding to the road safety is leading to growth of the market. Moreover the vehicles which are pre-installed with advanced driver assistance systems can automatically detect the road and environmental conditions and alert the driver to stop or take a safety measure to avoid any harm. In addition to this features like collision avoidance system, electronic stability system, traction control system, lane departure warning system, parking assist, tyre pressure monitoring system are in heavy demand because they can decrease the amount of accident by a large number. According to world health organization (WHO) approximately 1.35 million people die each year in road accidents and because of such number of deaths the demand for safety features is increasing. In addition to this governments strict laws and regulations regarding to inclusion of mandatory safety features in vehicles and to obtain highest safety rating from organizations such as new car assessment program (NCAP), and international center for automotive technology (ICAT) are propelling Advanced Driver Assistance Systems (ADAS) Market towards growth.

However, Advanced Driver Assistance Systems (ADAS) requires good infrastructure such as lane markings, good roads, advance telematics and better network signals for proper functioning of the ADAS otherwise, the features of ADAS are useless and in the underdeveloped or developing countries the growth of Advanced Driver Assistance Systems (ADAS) market will hamper. Moreover, the manufactures try to keep the cost of production as low as possible and installation cost of ADAS system is on higher side which means cost of production will increase and consumers will end up paying high expenses and in addition to this the service and replacing cost of such parts is expensive. Hence, such factors restrain the growth of the ADAS market.

The technological advancement in the Advanced Driver Assistance Systems (ADAS) Market will provide cost effective ADAS devices. Furthermore features such as automatic braking, night vision cameras, lane monitoring, stability controls and intelligent parking not only ensures safety but also reduces complicity of driving and with this highly developed sensors and components such as LiDAR, radar, IR blasters, ultrasonic sensors and high-definition cameras help operate ADAS smoothly. Manufacturers are forming strategic partnership agreements with component & technology providers to create new growth opportunities for OEMs, also to lower the production costs and increase in advancement and technology of ADAS. Moreover transformation towards autonomous vehicles will create huge opportunity for players in Advanced Driver Assistance Systems (ADAS) Market.

Segment Insight:

The Advanced Driver Assistance Systems (ADAS) Market is segmented based on system type, sensor type, vehicle type and region. Based on system type, it is classified into drowsiness monitor system, intelligent parking assist system (IPAS), tyre pressure monitoring system (TPMS),blind spot detection system, adaptive front-lighting system, adaptive cruise control system, lane departure warning system and others. Based on sensor type it is classified into image sensor, lidar sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser sensor. Based on vehicle type it is classified into PCV, LCV and HCV.

By System Type Insight:

The Advanced Driver Assistance Systems (ADAS) Market is segmented by system type into drowsiness monitor system, intelligent parking assist system (IPAS), tire pressure monitoring system (TPMS),blind spot detection system, adaptive front-lighting system, adaptive cruise control system, lane departure warning system and others. Amongst this tyre pressure monitoring system (TPMS) has accounted more than 5% of market share in 2019 mainly commercial vehicles because TPMS monitors real-time tyre pressure and temperature.

By Sensor Type Insight:

The Advanced Driver Assistance Systems (ADAS) Market is segmented by Sensor type into image sensor, lidar sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser sensor. The radar segement accounted for 15% market share in 2019, radar sensor is used in many systems such as parking assistance, blind spot monitoring, collision warning, and object detection in night vision which increases its demand.

By Vehicle Type Insight:

The Advanced Driver Assistance Systems (ADAS) Market is segmented by Vehicle type into PCV, LCV and HCV. Amongst which passenger carrying vehicle (PCV) accounted for 65% of market share in 2019. As the PCV is highest selling segment in vehicles and the demand for safety by customers is increasing because of high number of road accidents the segment is expected to have highest growth amongst all.

Major Key Players of Global Electric Market:

The report provides a comprehensive analysis of players operating in the Advanced Driver Assistance Systems (ADAS) Market, such as Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., robert bosch stiftung gmbh, Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation and Texas Instruments

Most of the key players in electric vehicle market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Advanced Driver Assistance Systems (ADAS) Market Key Segments:

By System Type:

• Drowsiness Monitor System
• Intelligent Parking Assist System (IPAS)
• Tyre Pressure Monitoring System (TPMS)
• Blind Spot Detection System
• Adaptive Front-Lighting System
• Adaptive Cruise Control System
• Lane Departure Warning System
• Others

By Sensor Type:

• Image Sensor
• Lidar Sensor
• Ultrasonic Sensor
• Infrared (IR) Sensor
• Radar Sensor
• Laser Sensor

By Vehicle Type:

• PCV
• LCV
• HCV

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Argentina
  • Turkey
  • South Africa
  • Rest of LAMEA