ADAS Market 2018-2027: Regional Analysis and Forecast | Techsci Research

1
ADAS Market 2027 Future Growth and
Opportunities Techsci Research
As per the TechSci Research report titled "ADAS
Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027", the
global ADAS market was valued at approximately
USD 49.50 billion in 2021 and is expected to
grow at a CAGR of 12.37 during the forecast
period to reach USD 97.49 billion by 2027. Car
manufacturers have responded to the increasing
consumer demand for luxury and premium cars
equipped with advanced safety features by
introducing cutting-edge technology in their
vehicles. Additionally, the growing concern for
the environment has prompted several countries
to aim for zero-emission in the near future.
Consequently, the automotive industry is
shifting towards more advanced technologies, and
each year they introduce new features in vehicles
to enhance the driving experience. Several
countries have pledged to achieve zero-emissions
in their transportation sector. For example,
Canada has advanced its goal of 100
zero-emission new light-duty cars and truck sales
from 2040 to 2035. Austria has also set a goal
of only allowing new zero-emission
2
cars and light commercial vehicles to be
registered by 2030, as outlined in its Mobility
Master Plan 2030. As a result, the automotive
industry has responded by introducing electric
vehicles equipped with advanced driver
assistance systems (ADAS). Governments around the
world have implemented new regulations and
standards for ADAS. For instance, China has
introduced new standards for advanced driver
assistance systems, including GB/T 39263-2020,
which defines various systems and sub-functions
under information assistance and control
assistance categories. The standard specifies
requirements for driver attention monitoring,
traffic sign recognition, and forward collision
monitoring, among others. Similarly, GB/T
39265-2020 is the new Chinese standard for blind
spot detection systems, which applies to
passenger and goods vehicles. The Chinese
standard for lane keep assist systems is GB/T
39323-2020, which applies to passenger cars and
multipurpose passenger vehicles. These two
standards became effective from June 1, 2021.
Due to these regulations, many vehicle
manufacturers have started to install ADAS or
safety systems in their vehicles across all
segments to provide ultimate safety to
passengers. Browse more than 174 market data
figures and spread through 110 Pages and an
in-depth TOC on Global ADAS Market" -
https//www.techsciresearch.com/report/global-adas
- market/2413.html The global ADAS market has
been categorized based on vehicle type, sensor
type, level of autonomy, and function, and
further divided into two segments passenger
cars and commercial vehicles. Currently, level 1
vehicles dominate the market in terms of
automotive production, with most vehicles having
level 1 ADAS or safety systems. The level of
autonomy segment is segmented into
3
five different levels level 1, level 2, level 3,
level 4, and level 5. The global ADAS market is
currently dominated by level 1 and level 2
vehicles, with level 1 having a total market
share of 51.33 and level 2 having a market
share of 46.70. Ultrasound 4, Radar (LRR) 1, and
camera 1 are the sensors available in level 1
vehicles, while Ultrasound 8, Radar (LRR) 1,
Radar (SRR) 4, and Camera 4 are available in
level 2 vehicles. Many companies are working on
level 3 ADAS or safety systems, and Mercedes-Benz
has become the first company to meet the
standard of level 3 ADAS or safety system. The
company has announced that its automated driving
technology, called Drive Pilot, will be available
in S-Class and EQS models in the first half of
2022. Starting in 2022, adaptive cruise control,
automatic emergency braking, driver fatigue
detector, advanced driver distractive warning
systems, lane-keeping system, recording devices,
tire pressure, intelligent speed assistance,
detection systems of vehicles, and reversing
cameras will be mandatory ADAS features for
vehicles of categories M (transport of people),
N (transport of goods), and O (trailers and
semi-trailers). As a measure to counter the
spread of the COVID-19 pandemic, many countries
across the globe implemented lockdowns in the
second and third quarters of 2020 due to which
the sales of new cars (hatchback, SUVMPV,
sedan) were very low, and consequently the
demand for advanced driver assistance system in
the market was down. Many automotive
manufacturing plants were closed, and production
was stopped for some time, due to which the
supply for cars in the market was low by this
the ADAS manufacturers have faced many
difficulties in selling the components, sensor,
and software, as the aftermarket demands for the
ADAS were very low. Download Free Sample report
4

• Some of the major companies operating in the
  global ADAS market include
• Continental AG
• Robert Bosch GmbH
• Autoliv Inc.
• ZF Friedrichshafen
• Delphi Automotive PLC
• AISIN Corporation
• HELLA Gmbh Co. KGaA
• ARM Limited
• Denso corporation
• Ambarella International LP
• Bittium Corporation
• In 2021, Europe accounted for the largest share
  i.e., 40.64 in the global ADAS market. The
  European region is expected to maintain its
  dominance over the next five years reaching a
  market share of 41.28 by 2027. Many automotive
  top automotive manufacturers such as Audi, BMW,
  Ford-Werke GmbH, Mercedes-Benz, Opel, Porsche,
  Volkswagen, etc have their plants in European
  countries.
• The sales of the passenger car were declining in
  European countries due to the shortage of the
  microchip (semiconductors), and after COVID-19,
  the demand for cars was even lower in the market.
• According to the European Automobile
  Manufacturers Association
• (ACEA), passenger car registration will increase
  in 2022 with a growth of 7.9 to reach 10.5
  million units. Vehicles with advanced technology
  and features are witnessing great demand in the
  market. Seeing these trends, automotive
  manufacturers are also introducing vehicles with
  advanced features such as adaptive cruise control,

5
collision avoidance, park assistance, lane
departure warning system, rear cross traffic
assistance, automatic speed limit, etc. The
growth of the ADAS market is expected to
increase in the coming years as the sales of car
will increase, said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based
global management consulting firm. ADAS Market
- Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027, By Vehicle
Type (Passenger Car, Commercial Vehicle), By
Sensor Type (Radar, Ultrasonic, Camera, and
Lidar), By Level Of Autonomy (Level 1, Level 2,
Level 3, Level 4, and Level 5), By Function
(Collision Avoidance, Adaptive Cruise Control,
Lane Departure Warning System, Rear-cross Traffic
Assistance, Emergency Braking, Intersection
Assistance, Automatic Speed Limit, Others,
Park Assistance), By Region, has evaluated the
future growth potential of global ADAS market and
provides statistics information on market
size, structure, and future market growth. The
report intends to provide cutting-edge market
intelligence and help decision-makers take sound
investment decisions. Besides, the report also
identifies and analyzes the emerging trends
along with essential drivers, challenges, and
opportunities in the global ADAS market. Download
Free Sample report - https//www.techsciresearch.
com/sample-report.aspx?cid2413 About TechSci
Research TechSci Research is a research based
management consulting firm providing market
research and advisory solutions to its customers
worldwide, spanning a range of industries.
TechSci Researchs core values are value,
integrity and insight. Led by a team of dynamic
industry experts, TechSci Research provides its
customers with high value market research and
advisory services that helps them identify new
market opportunities, growth engines and
innovative ways to
6
capture the market share. As a result, TechScis
client leads rather than follow market trends.
Not bound by legacy, TechScis cutting- edge
research model leverages its decades of research
knowledge and an increased use of technology as
engines of innovation to deliver unique research
value. Provided as an alternative to traditional
market research, TechSci Research reports do not
just deliver data and knowledge rather
highlights the insights in a more usable and
interactive format for its clients. Contact Mr.
Ken Mathews 708 Third Avenue, Manhattan, NY,
New York 10017 Tel [phone] Email
sales_at_techsciresearch.com Web https//www.techsci
research.com