Stratview Research has announced a new report on the Automotive Advanced Driver Assistance Systems Market. According to the report, the market is projected to experience an excellent double-digit CAGR of >10% over the next five years to reach US$ 30.1 billion in 2025,
Market Segmentation
The Automotive Advanced Driver Assistance Systems Market is segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle), by Technology Type (Adaptive Cruise Control, Adaptive Front Light, Blind Spot Detection, Emergency Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others ADAS), by Sensor Type (Radar, Image, LIDAR, Infrared, and Ultrasonic), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The market is segmented based on the following vehicle types: Passenger Cars, Light Commercial Vehicles, and Medium & Heavy-Duty Commercial Vehicles. Passenger car is expected to remain the largest vehicle type in the automotive ADAS market over the next five years, driven by increasing penetration of ADAS in the segment. The vehicle type is experiencing an expansion in usage of ADAS from luxury cars to mid-range cars. The vehicle type is also projected to witness the fastest growth during the forecast period, owing to rising demand for ADAS across regions.
Radar is expected to remain the most dominant sensor type in the automotive ADAS market during the forecast period. Radar sensors are used in a wide array of systems, such as adaptive cruise control systems and emergency brake assists. It is also anticipated to be the fastest growing sensor type in the same period. Ultrasonic and image sensors are also projected to experience a healthy growth rate in the same period.
In terms of region, North America is estimated to remain the leading global automotive ADAS market during the forecast period. Increasing demand for high safety features, mandate of some of the key ADAS system installations in the vehicles such as tire pressure monitoring system, and organic growth in automotive production are the major growth drivers of the region over the next five years. Asia-Pacific is expected to grow at a higher rate during the forecast period because of increased automobile production, especially in China and India and increasing penetration of ADAS in the major Asia-Pacific markets, such as China, Japan, and India. Middle East and Latin America are also estimated to experience a healthy growth in the same period.
How stakeholders can benefit from this report –
This report covers a thorough analysis of the following segments:
- Automotive Advanced Driver Assistance Systems Market Dynamics.
- Market Size and forecast from 2020 till 2025.
- Supply & Demand Value Chain.
- Automotive Advanced Driver Assistance Systems Market Current Trends/Issues/Challenges.
- Competition & Companies involved.
- Effecting Technology.
- Automotive Advanced Driver Assistance Systems Market Drivers and Restraints.
Research Methodology
The report provides a thorough analysis that reflects today’s Automotive Advanced Driver Assistance Systems Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.
Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.
Key Players
The following are the key players in the Automotive Advanced Driver Assistance Systems Market.
• Continental AG
• Delphi Automotive Plc
• Denso Corporation
• Robert Bosch GMBH
• Magna International Inc.
• Valeo
• ZF TRW Automotive.
Report Customization Options
With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:
- Company Profiling -Detailed profiling of additional market players (up to three players)
- Competitive Benchmarking - Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement or any further query related to the report, please send your inquiries to [email protected]. You may also connect with our market experts at +1-313-307-4176.