ADAS Market by System, Component, Vehicle, Offering, EV, and Region 2025 | MarketsandMarkets

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ADAS Market by System, Component, Vehicle,
Offering, EV and Region - Global Forecast to
2025
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The ADAS Market (advanced driver assistance
system) is estimated to be USD 24.24 billion in
2018 and is projected to reach USD 91.83 billion
by 2025, at a CAGR of 20.96 during the forecast
period. The increasing demand for a safe,
efficient, and convenient driving experience and
rising demand for luxury vehicles across the
globe are the key factors driving the growth of
the ADAS market. The ADAS market has been
segmented by system, vehicle type, component, EV,
offering, and region. Road sign recognition (RSR)
is projected to be the fastest growing segment of
the ADAS market, by system. The growth of RSR can
be attributed to increasing road infrastructure
activity in developed as well as developing
economies. PDF Brochure https//www.market
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The ADAS market has been segmented by vehicle
type into passenger cars, light commercial
vehicles, buses, and trucks. Passenger car is
estimated to be the fastest growing segment of
the ADAS market, by vehicle type. The number of
passenger cars is growing at a significant rate
in the emerging economies of the Asia Pacific
region. The increasing demand for passenger cars
can be attributed to the rise in GDP and
population of developing countries, improved
lifestyle, increased purchasing power of
consumers, and development of infrastructure.
ADAS is provided as a standard feature in
passenger cars in several countries to prevent
fatalities due to accidents. For instance, the
European government mandated the installment of
LDWSs and AEBSs in trucks and buses in
2015. Request for Customization
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The Asia Pacific region is estimated to dominate
the ADAS market, in terms of value, in 2018. The
rising disposable income levels, increased
vehicle production in developing countries such
as India and China, and increase in the number of
luxury vehicles in countries such as Japan are
expected to fuel the growth of the ADAS market in
the Asia Pacific region. Increasing road
accidents and rising safety concerns among
consumers would be the driving factor for the
ADAS market by component. Camera Unit- Camera
units are used in intelligent park assist,
pedestrian detection system, lane departure
warning system, blind spot monitoring system, and
others. Camera-based systems are commonly
deployed in front, side, and rear of a car
providing driving as well as parking assistance.
The front camera systems are most commonly
mounted in a front portion of the car, behind of
the rear-view mirror. The rear cameras are
mounted in the rear side near to the license
number plate, while side cameras are mounted on
both sides of the car next to the mirrors.
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Lidar sensor- The Laser Imaging Detection and
Ranging (LiDAR) technology uses laser beams to
detect the distance of the object, by using the
same principle as that of RADAR sensors. LiDAR
sensors are used in various ADAS systems such as
ACC, collision avoidance system, and night
vision. LiDAR uses much smaller wavelengths than
that of RADAR hence, it is effective against
nonmetallic objects and ones with weaker
reflections. Radar sensor- A Radar (radio
detection and ranging) is a technology that
transmits strong radio waves and receives the
waves that are reflected from objects. These
waves are then used by sensors to calculate the
echo time or detect the object. Pulse-doppler
radar is the most commonly used variant of radar
sensors used in the present ADAS. It functions by
sending short pulses of radio energy and
concurrently listens for the echo from objects
using the same antenna. Request for Sample
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Ultrasonic sensor- The ultrasonic sensors used in
ADAS are of a transceiver variety that converts
ultrasound waves to electric signals. These
sensors produce high-frequency sound waves and
evaluate the echo received. They then calculate
the time interval between sending the signal and
receiving the echo. This information is
subsequently used to determine the distance of an
object. The ultrasonic sensors primarily used in
ADAS are short distance detectors. For a sound
pressure wavelength of 40 kHz, the ultrasonic
sensor can cover a range of up to 3 meters
horizontally. However, they are affected by
angular objects and echo cancellation.
Nevertheless, they are still effective in all
weather conditions. Ultrasonic sensors are widely
used in night vision, parking assist, and blind
spot detection. The key players in the ADAS
market include Robert Bosch (US), ZF
Friedrichshafen (Germany), Denso (Japan), Aptiv
(UK), Intel (US), NVIDIA (Germany), Continental
(Germany), Valeo (France), Hella (Germany), Magna
(Canada), Samsung (South Korea), and Hyundai
Mobis (South Korea).
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