Advanced Driver Assistance System Market to cross $74.5 Mn by 2025

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Advanced Driver Assistance System Market to cross
74.5 Mn by 2025 Global Market Insights Inc.
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Industry Overview

• Advanced Driver Assistance System Market to
  surpass USD 74.5 million by 2025 Increasing road
  safety concerns along with favorable government
  regulations supporting the installation of safety
  equipment in vehicles are driving the ADAS market
  growth over the projected timeframe. For
  instance, in 2015, the European Union mandated
  the installation of autonomous emergency braking
  system and lane departure warning system for all
  heavy commercial vehicles. Ongoing innovations
  along with rising investments from manufacturers
  for enhancing system efficiency and production
  levels to obtain economies of scale, thereby
  resulting in lower cost systems for budget cars.
• Park assist segment will account for a
  significant share in the ADAS market owing to
  rising concerns while parking and damages due to
  human error. Availability of parking sensors at
  lower cost and ease of retro fitment for vehicles
  will fuel the segment growth. The vehicle
  manufacturers are incorporating this technology
  for ease in parking. For instance, in April 2019,
  Groupe Renault announced that all new Clio
  incorporated with easy park assist and 360
  camera that guides the driver with a view from
  above to detect any obstacles around the vehicles.

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• Image sensor will witness substantial growth in
  the business owing to its usage in autonomous
  park assists, night vision, blind spot detection,
  and surround view system. The sensor
  manufacturers are investing in RD to enhance the
  image resolution and introducing new platforms in
  the industry. For instance, in January 2018, ON
  Semiconductor launched high resolution image
  sensors scaling from 8.3 MP with low light
  performance from 4.2 µm pixels. Additionally,
  higher luxury cars demand with such installed
  systems will further boost the industry revenue.
• Passenger cars accounted for the highest revenue
  share in the advanced ADAS market and is
  predicted to continue its dominance over the
  projected timeframe owing to rising production
  across the globe.
• OEM will dominate the (ADAS) advanced driver
  assistance systems market share owing to the
  increasing investments for improving safety of
  the passengers. Stringent government initiatives
  mandating the fitment of such systems along with
  the availability of warranty in-case of
  replacements is supporting the market demand.
  Auto makers are offering ADAS units as a standard
  fitment in their new vehicle models.

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U.S. Advanced Driver Assistance System (ADAS)
Market, By Vehicle, 2018 2025, (USD Million)

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Industry Coverage

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• OEM dominates the advanced driver assistance
  system market share and is anticipated to
  continue their dominance over the forecast
  timeframe with its implementation by automobile
  manufacturers. Rising preference for safety
  systems among manufacturers to improve brand
  identity and ensure vehicle safety will support
  the system demand. OEMs are focused on strategic
  partnerships and collaborations with technology
  providers including sensors and other
  semiconductor suppliers for increasing their
  market share.
• Europe ADAS market will account for a significant
  volume share owing to the supporting initiatives
  including EuroNCAP, promoting the fitment of
  active safety features in vehicles. The mandatory
  fitment of multiple ADAS technologies in vehicles
  will support industry expansion over the forecast
  timeframe. Additionally, government initiatives
  to spread awareness regarding ADAS will escalate
  the industry size.
• The key market participants in advanced driver
  assistance system market includes Autoliv,
  Continental AG, Texas Instruments, Magna
  International, and TRW Automotive. Other notable
  industry participants are Aisin Seiki Co.,
  Delphi, NVIDIA Corporation, NXP Semiconductor
  Inc, Harman International, Denso Corporation, and
  Hyundai Mobis.

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