Global ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, BSD), Component, Vehicle, Degree of Autonomy, Supply, EV and Region – Forecast to 2030

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DUBLIN, December 29, 2021– (BUSINESS WIRE)–The “ADAS market by system (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB and BSD), component (radar, LiDAR, ultrasound and camera unit), vehicle (PC, LCV, bus), & Truck), degree of autonomy (L1, L2 & 3, L4, L5), offer, EV and region – global forecast up to 2030 “ Report was added to ResearchAndMarkets.com to offer.

The global ADAS market is expected to grow from $ 27.2 billion in 2021 to $ 74.9 billion by 2030, with a CAGR of 11.9%. Security features are an important requirement for automotive customers around the world. Governments around the world have mandated the integration of features such as Lane Departure Warning (LDW) and Automatic Emergency Braking (AEB). Therefore, various types of safety functions have been developed to assist the driver and reduce the number of accidents.

The growing demand for safety and driver assistance systems is likely to drive the growth of the ADAS market over the forecast period

The automotive industry is experiencing a rapid development of safety features that will increase exponentially in the coming years to provide a safer and more comfortable driving experience. Large OEMs such as Toyota and Honda are bringing standard vehicles to the market with functions such as blind spot detection, rear cross traffic, lane departure warning, front collision warning and automatic emergency braking. OEMs like Cadillac, Tesla, Nissan, Honda and Audi are currently developing L3 driving systems for their upcoming models.

The increasing demand for sophisticated cruise control and driving comfort functions has also given wings to the market for safety systems. Converting a vehicle into a self-driving vehicle could help reduce driver errors. According to the NHTSA, the total number of road deaths from road traffic accidents in the US in 2020 was 38,680 ADAS could play a critical role in reducing that number and leading to a safe, productive and efficient driving experience. Active safety systems such as blind spot detection (BSD), automatic emergency braking (AEB) and lane departure warning (LDW) play a major role in automated driving technology today.

The demand for luxury vehicles will further strengthen the demand for ADAS in the forecast period. Several economies around the world have recovered from the 2008 recession. Higher growth rates were observed in developing countries such as China and India, among others. In the developing countries, too, the standard of living has improved and purchasing power has increased significantly. German car brands such as Mercedes-Benz, BMW and Audi dominate the global luxury car market. The changing consumer preferences have increased the demand for better products, which has had a positive impact on sales of premium cars around the world.

For example, the automotive division of the big BMW saw growth in 2019 despite the weakening of the global automotive market. The division recorded growth of 6.8% in 2019 due to increasing deliveries in the luxury car segment. Subsidiary Rolls Royce sold 5,100 units, up 21.6% from 4,194 units in the previous year, while production volume increased 25.3%. The Group also sold more BMW brand vehicles in 2019 than in 2018. Safety innovations are being introduced for the first time in the luxury and premium car segments, and this increase in sales will serve as a driver for the ADAS market.

North America is expected to play an important role in the ADAS market during the forecast period

The North American region was studied for the United States, Canada, and Mexico. For the ADAS market in the region, significant growth is forecast in the forecast period due to the higher penetration of ADAS functions in most vehicles. North American OEMs such as Ford Motors Co., General Motors Co. and Fiat-Chrysler Automotive as well as established European and Asian OEMs such as Toyota (Japan), Nissan (Japan), Honda (Japan), Hyundai / Kia (South Korea), BMW (Germany ) and Volkswagen (Germany) offer ADAS functions in vehicles. The automotive industry, which is predominantly dominated by the USA, is one of the most progressive.

The US is considered one of the most lucrative markets for ADAS as it has always been a hub of innovation for global automakers. The country is home to domestic OEMs like General Motors and Ford, as well as overseas automakers like the FCA Group, Volkswagen, Toyota, and Nissan. These OEMs are investing heavily in megatrends such as connected mobility and autonomous vehicles. Major automakers in the US offer ADAS as standard in most vehicles. According to NHTSA, 12 OEMs have already ordered 75% of their new cars with AEB for the period from September 1, 2018 to August 31, 2019. Two years ago the penetration was only 30%. More active initiatives by the OEMs would further increase the demand for AEB systems in the country.

The COVID-19 crisis has caused production and delivery disruptions in North America, which has caused the automotive industry in the region to see a decline in demand with an uncertain recovery schedule. Additionally, OEMs have ceased production across North America, which has resulted in a decline in production and sales. Automotive-related high-tech tests carried out by companies in the region have also been suspended.

For example, self-driving tech companies including Waymo, Cruise, and Uber have suspended autonomous car tests that involve replacement drivers. Pony.ai has suspended its testing of Robo Taxi in California. This may not change the direction of the automotive industry in the region towards the adoption of autonomous driving, connected services, electric driving and shared mobility, but the adoption rate could slow. OEMs are likely to curb R&D investments in the coming quarters of 2020 to keep revenue flowing; this will also affect the intervention of new technologies in the region.

Research coverage

The study covers the ADAS market in various segments. The aim is to estimate the market size and the future growth potential of this market in various segments such as system, component, offer, electric vehicle, degree of autonomy, vehicle type and region. The study also includes an in-depth competitive analysis of key market players along with their company profiles, key observations on product and business offerings, recent developments and acquisitions.

The ADAS market includes large manufacturers such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (Great Britain), Valeo (France) and Magna International (Canada).

Market dynamics

  • driver

    • Strict vehicle safety regulations

    • Growing demand for safety and driving comfort functions

    • Demand for luxury vehicles

    • Introduction of integrated radar and camera systems for ADAS applications

  • Restrictions

  • opportunities

    • Development of autonomous vehicles

    • Growing demand for 5G technology for vehicle connectivity

    • Growing demand for electric vehicles (EV)

    • Increasing developments in autonomous shared mobility

    • Increasing investments in lidar startups from automotive giants

  • challenges

    • High cost for ADAS

    • Environmental restrictions and security threats

    • Maintaining the balance between cost and quality

    • Real-time image processing in multi-camera systems

Distinguished companies

For more information on this report, see https://www.researchandmarkets.com/r/msfpis

View source version on businesswire.com: https://www.businesswire.com/news/home/20211229005271/en/

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