According to a new market report published by
Lucintel, the future of the global automotive ADAS market looks promising with
opportunities in mid-size cars, large cars, SUVs, and crossovers. The global
automotive ADAS market is expected to reach an estimated $29.7 billion by 2022
and it is forecast to grow at a CAGR of 21.1% from 2017 to 2022. The major
drivers of growth for this market are increasing production of premium and luxury
vehicles, advancement in the automotive electronics, stringent government
regulations to reduce road fatalities, and increasing collaboration between OEM
and ADAS suppliers to develop low-cost driver assistance systems.
In this market, automatic emergency braking
system, forward collision warning, adaptive cruise control, blind spot
detection, lane departure warning, parking assistance system, pedestrian
detection system, traffic sign recognition, night vision, and driver drowsiness
detection are some of the major segments of the automotive ADAS market. On the
basis of its comprehensive research, Lucintel forecasts that the adaptive
cruise control, night vision and driver drowsiness detection segments will show
above average growth during the forecast period.
Radar, camera, sensor fusion, LIDAR, infrared, and
ultrasonic are the major segments
of the automotive ADAS market by technology. Camera technology is expected to show
above average growth during the forecast period.
North America is expected to remain the
largest market due to high luxury and premium car production, government NCAP
rating for safety features in vehicles, and increasing investment by the industry
players within the North America region.
Asia Pacific
and North America are expected to witness significant growth over the forecast
period because of rapidly increasing demand for
ADAS products from OEMs.
Emerging trends, which have a direct impact on
the dynamics of the industry, include the development of fusion sensor
technology in ADAS products and the development of adaptive cruise control with
eHorizon and development of X2 safe intelligent algorithm. ZF TRW Automotive
Holdings Corporation, Delphi Automotive PLC, Continental AG, Robert Bosch GmbH,
and Denso Corporation are the major ADAS suppliers in the global automotive
ADAS market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global automotive ADAS market by product, technology, vehicle type, end user, and
region. Lucintel has compiled a comprehensive research report entitled “Growth
Opportunities in the Global Automotive ADAS Market 2017-2022: Trends, Forecast,
and Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy, as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global automotive ADAS market by product, technology,
vehicle type, end user, and region, as follows:
By Product ($ Million and Thousand Units from
2011 to 2022):
- Automatic Emergency Braking System (AEBS)
- Forward Collision Warning (FCW)
- Adaptive Cruise Control (ACC)
- Blind Spot Departure (BSD)
- Lane Departure Warning (LDW)
- Parking Assistance System (PAS)
- Pedestrian Detection System (PDS)
- Traffic Recognition System (TSR)
- Night Vision (NV)
- Driver Drowsiness Detection (DDD)
By Technology ($ Million and Thousand Units
from 2011 to 2022):
- Radar
- Camera
- Sensor Fusion
- LIDAR
- Infrared
- Ultrasonic
By Vehicle Type ($ Million and Thousand Units
from 2011 to 2022):
- Large Car
- SUV and Crossover
- Mid-size Car
- Others
By End User ($ Million and Thousand Units from
2011 to 2022):
- OEM
- Aftermarket
By Region ($ Million and Thousand Units from 2011 to
2022):
- North America
o
US
o
Canada
o
Mexico
- Europe
o
Germany
o
France
o
Russia
o
United Kingdom
- Asia Pacific
o
China
o
Japan
o
South Korea
o
India
o
Indonesia
- The Rest of the World
o
Brazil
o
Argentina
This
325-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation, Transportation
Market Report, Strategic
Growth Consulting, Capital
Investment Analysis and Due Diligence.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1. What are
some of the most promising, high-growth opportunities for the automotive ADAS
market by product (AEBS, FCW, ACC, BSD, LDW, PAS, PDS, TSR, NV, DDD), by technology
(radar, camera, sensor fusion, LIDAR, infrared, ultrasonic), vehicle type (large
car, SUV and crossover, mid-size car, and others), end user (OEM and
aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will grow at a faster pace
and why?
Q.3.
Which region will grow at a
faster pace and why?
Q.4.
What are the key factors affecting
market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are
the emerging trends in this market and the reasons behind them?
Q.7. What are
some of the changing demands of customers in the market?
Q.8.
What are the new developments in the
market? Which companies are leading these developments?
Q.9.
Who are the major players in this
market? What strategic initiatives are key players pursuing for business
growth?
Q.10.
What are some of the competing products
in this market and how big of a threat do they pose for loss of market share by
material or product substitution?
Q.11.
What M&A activity has occurred in
the last 5 years and what has its impact been on the industry?
