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Advanced Driver-Assistance Systems (ADAS) Market to Gain a Massive Growth of USD 70.4 Billion by 2024 with Lucrative CAGR 18.1% between 2018-2024

Press release   •   Apr 30, 2019 09:34 EDT

Global Advanced Driver-Assistance Systems (ADAS) Market is expected to grow significantly from USD 22.1 billion in 2017, to USD 70.4 billion in 2024, at a lucrative CAGR of 18.1 % from 2018 to 2024.

The key factor driving the growth of the global ADAS market includes government stringent norms for vehicle safety, development of self driving Cars, growing number of high net worth individuals.

Historical year : 2014, 2015, 2016
Base year : 2017
Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
Interacting with key opinion leaders of the market and developing data points based on interaction with them.
Study of past trends in the market and their year on year Impact on the market size and share.
Analyzing the collected data points.
Bridging the data points to calculate the total ADAS market and its various segments.
Anticipating potential risks.
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the ADAS
Finalizing the overall size and share for the global ADAS

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OBJECTIVES:

To classify the global ADAS market into segments by system, component, vehicle type, technology, End-Use, country and analyze their growth prospects individually.
To analyze market trends, opportunities, drivers and restraints associated with the global ADAS market.
Profiling key companies operating in the global ADAS market.
To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global ADAS market is as follows:

Global ADAS Market, By System
Adaptive Cruise Control
Adaptive Front Lights
Autonomous Emergency Parking
Blind Spot Detection
E call
Intelligent parking assist
Active safety features
Forward collision warning systems
Brake Assist
Lane Departure Warning System
Others

Global ADAS Market, By Component
Sensor
Radar
Ultrasonic
LiDAR
Cameras
Others
Processor
Software
Others

Global ADAS Market, By Vehicle Type
Light Commercial
Heavy Commercial
Passenger Vehicle
Others

Global ADAS Market, By Technology
Augmented reality
V2V
Sensor and Information Fusion
Radar Waveform Design and Processing
Others

Global ADAS Market, By End-use
Defence
Automotive

Global ADAS Market, By Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
Middle East and Africa (MEA)
Central and South America

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FREE ANALYSIS

The global ADAS market was valued at USD 22.1 billion in 2017, and is expected to reach USD 70.4 billion by 2024, at a CAGR of 18.1 % from 2018 to 2024. The key factor driving the growth of the ADAS market across the globe is primarily driven by increasing demand for safer cars coupled with regulations towards vehicle safety have become strict and the vehicles driven in most of the developed countries and growth in the number of high net worth individuals. Moreover, the advancement in technology has been laying opportunities for the global market, as the consumer preference to upgraded vehicles into a more integrated version.

Technical collaborations are of key importance for the growth of ADAS market Globally. The leading manufacturers in the industry are collaborating within or outside the industry to upgrade their product portfolio. Valeo entered into two agreements with Safran and Mobileye N.V. The partnership with Safran aims at enhancement in driving aids in autonomous vehicles. On the other hand, under the partnership with Mobileye, Valeo will design front-facing camera solutions and products based on sensor fusion with the use of Mobileye’sEyeO microprocessors and computer vision algorithms. Further, Robert Bosch collaborated with Axel Springer Media Entrepreneurs to develop products with connected mobility solutions including digital content.

Geographically, Europe is accounted to hold the maximum share of the global market. Europe is the largest premium passenger car market, which also makes it the global leader in ADAS industry. The Europe is followed by North America. High vehicles per capital in North America coupled with large number of premium car ownerships are some of the key drivers towards the adoption of ADAS system. Further, advancement in technology has been attracting more consumers towards ADAS equipped vehicles, along with the reduction in cost of sensors and systems are encouraging the automotive manufacturers to provide more models of vehicles with integrated Asia-Pacific is is expected to exhibit fast adoption rate of ADAS system and would register high CAGR over the forecast period making it a lucrative market for ADAS market.

Some of the leading players in global ADAS market include Robert Bosch, Continental AG, Magna International Inc., Ford Motor, Valeo S.A., Denso Corporation, Intel , Aptiv, Autoliv Inc. Lattice Semiconductor Corporation, Texas Instruments, Microsemi Corporation among others.

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Advanced Driver-Assistance Systems (ADAS) Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Advanced Driver-Assistance Systems (ADAS) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By System

1.2.2. Market Breakdown, By Component

1.2.3. Market Breakdown, By Vehicle Type

1.2.4. Market Breakdown, By Technology

1.2.5. Market Breakdown, By End-Use

1.2.6. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Market opportunities and trends

2.2.2.1. Development of Autonomous vehicles

2.2.2.2. Rising demand for electric vehicles on large scale

2.2.3. Growth Drivers

2.2.3.1. Government stringent norms for vehicle safety

2.2.3.2. Growing number of high net worth individuals

2.2.3.3. Development of self driving Cars

2.2.3.4. Increasing installation of ADAS by various small and large size companies

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

2.2.5.1. Associated high cost and maintenance

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global ADAS Market Size and Forecast (2018 – 2024)

4.1. Global ADAS Market, By System

4.1.1. Adaptive Cruise Control

4.1.2. Adaptive Front Lights

4.1.3. Autonomous Emergency Parking

4.1.4. Blind Spot Detection

4.1.5. E call

4.1.6. Intelligent parking assist

4.1.7. Active safety features

4.1.7.1. Forward collision warning systems

4.1.7.2. Brake Assist

4.1.7.3. Lane Departure Warning System

4.1.8. Others

4.2. Global ADAS Market, By Component

4.2.1. Sensor

4.2.1.1. Radar

4.2.1.2. Ultrasonic

4.2.1.3. LiDAR

4.2.1.4. Cameras

4.2.1.5. Others

4.2.2. Processor

4.2.3. Software

4.2.4. Others

4.3. Global ADAS Market, By Vehicle Type

4.3.1. Light Commercial

4.3.2. Heavy Commercial

4.3.3. Passenger Vehicle

4.3.4. Others

4.4. Global ADAS Market, By Technology

4.4.1. Augmented reality

4.4.2. V2V

4.4.3. Sensor and Information Fusion

4.4.4. Radar Waveform Design and Processing

4.5. Global ADAS Market, By End-use

4.5.1. Defence

4.5.2. Automotive

4.6. Global ADAS Market, By Region

4.6.1. North America

4.6.2. Europe

4.6.3. Asia-Pacific (APAC)

4.6.4. Rest of the World (RoW)

4.6.4.1. Middle East and Africa (MEA)

4.6.4.2. Latin America

CHAPTER 5. Global ADAS Market, By Region

5.1. North America ADAS Market (USD Billion/Units)

5.1.1. North America ADAS Market, By System

5.1.2. North America ADAS Market, By Component

5.1.3. North America ADAS Market, By Vehicle Type

5.1.4. North America ADAS Market, By Technology

5.1.5. North America ADAS Market, By End-Use

5.1.6. North America ADAS Market, By Country

5.1.6.1. The U.S.

5.1.6.2. Canada

5.1.6.3. Mexico

5.2. Europe ADAS Market (USD Billion/Units)

5.2.1. Europe ADAS Market, By System

5.2.2. Europe ADAS Market, By Component

5.2.3. Europe ADAS Market, By Vehicle Type

5.2.4. Europe ADAS Market, By Technology

5.2.5. Europe ADAS Market, By End-Use

5.2.6. Europe ADAS Market, By Country

5.2.6.1. Germany

5.2.6.2. U.K

5.2.6.3. France

5.2.6.4. Rest of Europe

5.3. Asia-Pacific ADAS Market (USD Billion/Units)

5.3.1. Asia-Pacific ADAS Market, By System

5.3.2. Asia-Pacific ADAS Market, By Component

5.3.3. Asia-Pacific ADAS Market, By Vehicle Type

5.3.4. Asia-Pacific ADAS Market, By Technology

5.3.5. Asia-Pacific ADAS Market, By End-Use

5.3.6. Asia-Pacific ADAS Market, By Country

5.3.6.1. China

5.3.6.2. Japan

5.3.6.3. India

5.3.6.4. South Korea

5.3.6.5. Rest of Asia-Pacific

5.3.6.6. Rest of Asia-Pacific ADAS Market

5.4. Rest of the World (RoW) ADAS Market (USD Billion/Units)

5.4.1. RoW ADAS Market, By System

5.4.2. RoW ADAS Market, By Component

5.4.3. RoW ADAS Market, By Vehicle Type

5.4.4. RoW ADAS Market, By Technology

5.4.5. RoW ADAS Market, By End-Use

5.4.6. Rest of the World (ROW) ADAS Market, By Region

5.4.6.1. Central and South America

5.4.6.2. Middle East and Africa (MEA)

CHAPTER 6. Key Players and Strategic Developments

6.1. Robert Bosch

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Continental AG

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Magna International Inc.

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Ford Motor

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Valeo S.A.

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. Denso Corporation

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Intel

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Aptiv

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Autoliv Inc.

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Lattice Semiconductor Corporation

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

6.11. Texas Instruments

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Financial Overview

6.11.4. Strategic Developments

6.12. Microsemi Corporation

6.12.1. Business Overview

6.12.2. Product and Service Offering

6.12.3. Financial Overview

6.12.4. Strategic Developments

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