Advanced Driver-Assistance Systems (ADAS) Market: Current Analysis and Forecast (2020-2026)

Advanced Driver-Assistance Systems (ADAS) Market: Current Analysis and Forecast (2020-2026)

Emphasis on System Type (Adaptive Cruise Control (ACC), Intelligent Park Assist (IPA), Automatic Emergency Braking (AEB), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Lane Departure Warning (LDW), Drowsiness Monitor System (DMS), Others), Sensor Type (Image Sensor, LiDAR Sensor, Ultrasonic Sensor, Radar Sensor, Other), Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Distribution Channel (Original Equipment Manufacturer (OEMs), Aftermarket) and Region/Country

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Published: Oct-2020

Pages:181

Table:62

Figure:158

Report ID:UMAU20151

Advanced Driver Assistance Systems (ADAS) focus on the reduction of road accidents and the associated casualties by helping drivers avoid collisions altogether. These systems react faster than any human, are constantly vigilant, and are already being adopted and deployed across various car segments, from premium to economy models. ADAS systems constantly monitor the vehicle surroundings, alert the driver of hazardous road conditions, and take corrective actions, such as slowing or stopping the vehicle.

The demand for advanced driver-assistance systems (ADAS) that help with monitoring, warning, braking, and steering tasks is anticipated to increase soon, fueled largely by regulatory and consumer interest in safety applications that protect drivers and reduce accidents. For instance, both the European Union and the United States are mandating that all vehicles be equipped with autonomous emergency-braking systems and forward-collision warning systems by 2020.

Various semiconductor companies that have not traditionally participated in the automotive sector now offer ADAS products or are developing them. Automakers have devised their own branded technology names which, for example, has resulted in twenty unique names for adaptive cruise control and nineteen different names for lane keeping assistance. In addition to being widely available, the costs of driver assistance features are relatively affordable. For instance, the average price of Adaptive Cruise Control is US$ 1,174 as a stand-alone feature and US$ 2,283 in an ADAS bundle. The cost of an ADAS bundle is around US$ 1,950 on average according to SBD data. The average new vehicle cost for December 2017, as reported by Kelley Blue Book, was US$ 36,113. This makes the cost of an ADAS bundle approximately 5.4% of the total cost of the vehicle. The common ADAS features such as Adaptive Cruise Control, Blind Spot Warning, and Automatic Emergency Braking are available in at least 80% of vehicles in each of the Midsize, Large, and SUV vehicle segments. Lane Keeping Assistance is available in at least 60% of vehicles within 7 of 10 vehicle segments. These features are becoming standard equipment on many vehicles. For example, Automatic Emergency Braking is standard on 30.6% of all models, Lane Keeping Assistance on 13.9%, and Adaptive Cruise Control on 11.8%.

Burden of Road Injuries per Year

Robert Bosch GmbH, Continental AG, Autoliv Inc., Aptiv, Delphi Automotive Company, ZF Friedrichshafen, Denso Corporation, Hella KGAA Hueck & Co, Hyundai Mobis and Texas Instruments Inc are some of the prominent players operating in the global Advanced Driver-Assistance Systems market. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst system type, adaptive cruise control segment holds the major share”

Based on system type, the market is fragmented into Adaptive Cruise Control (ACC), Intelligent Park Assist (IPA), Automatic Emergency Braking (AEB), Adaptive Front Light (AFL), Blind Spot Detection (BSD), Lane Departure Warning (LDW), Drowsiness Monitor System (DMS) and others. The intelligent park assist segment dominated the market with a share of 27.4% in 2019 and is expected to maintain its dominance during the forecast period owing to the increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features.

“Amongst sensor type, image sensor is expected to dominate the market during the analyzed period”

Based on the market segment by sensor type, the market is segmented into Image Sensor, LiDAR Sensor, Ultrasonic Sensor, Radar Sensor and others. In 2019, Image sensor accounted for 35.9% of market revenue share. Currently, image sensor dominated the Advanced Driver-Assistance Systems market and is expected to remain dominant during the analyzed period. The image sensors provide enhanced safety features on the road by offering features such as parking assistance, lane departure warnings, and collision avoidance systems.

“Amongst vehicle type, passenger vehicles are expected to dominate the market during the analyzed period”

Based on the market segment by vehicle type, the market is fragmented into passenger cars, light commercial vehicles and heavy commercial vehicle. In 2019, the passenger vehicles accounted for the maximum market share with 52.8% and is expected to be the leading segment of the Advanced Driver-Assistance Systems market during the forecast period. The new in-vehicle technologies under development have the potential to increase as well as decrease crash injury risk by introducing driver distraction and inadvertent behavioral change. The common ADAS features are available in at least 60-80% of vehicles in various midsize, large, and SUV vehicle segments.

“Amongst distribution channel, OEMs are expected to dominate the market during the analyzed period”

Based on the market segment by distribution channel, the market is fragmented into OEMs and aftermarket. In 2019, the OEMs accounted for the maximum market share with 79.1% and is anticipated to lead throughout the forecast period. The automotive companies are now developing new vehicles, electric powertrains, autonomous technologies and advanced safety systems at an unprecedented rate. The original-equipment manufacturers (OEMs) and their suppliers realize that they could eventually become the main feature differentiating automotive brands, as well as one of their most important revenue sources.

“North America represents one of the largest markets of Advanced Driver-Assistance Systems market”

For a better understanding of the market dynamics of the Advanced Driver-Assistance Systems market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC) and Rest of the World has been conducted. Europe dominated the market and generated revenue of US$ 11.3 billion in 2019. The market growth prospects are attributed to the presence of the world’s biggest automotive producers across the world. However, the APAC region is expected to witness the highest CAGR growth of 18.52% during the forecast period 2021-2026.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

The Advanced Driver-Assistance Systems Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

  1 MARKET INTRODUCTION      
    1.1 Market Definition      
    1.2 Objective of the Study    
    1.3 Limitation      
    1.4 Stakeholders      
    1.5 Currency used in the Report    
    1.6 Scope of the Global Advanced Driver-Assistance Systems (ADAS) Market Study
  2 RESEARCH METHODOLOGY OR ASSUMPTION  
    2.1 Research Methodology for the Advanced Driver-Assistance Systems (ADAS) Market Study
      2.1.1 Main objective of the Advanced Driver-Assistance Systems (ADAS) Market Study
  3 INDUSTRY PERFORMANCE      
  4 EXECUTIVE SUMMARY      
  5 MARKET OVERVIEW        
    5.1 Introduction      
    5.2 Market Dynamics      
      5.2.1 Market Trend & Drivers  
        5.2.1.1 Rising Demand for a Safe, Efficient, and Convenient Driving
        5.2.1.2 Government Mandates About Vehicle Safety
        5.2.1.3  Increasing Demand for Luxury Vehicles
      5.2.2 Market Restraints    
        5.2.2.1 Lack of Required Infrastructure in Developing Countries
        5.2.2.2 Complex & Expensive Features
        5.2.2.3 Environment Constraints (Bad Weather Condition) Pose a Challenge for ADAS
      5.2.3 Market Opportunities  
        5.2.3.1  Advent of Connected and Autonomous Vehicles
        5.2.3.2 Technological Advancements in Advanced Driver Assistance System
  6 LEGAL & REGULATORY FRAMEWORK    
    6.1 General Overview      
      6.1.1 Europe      
      6.1.2 United States    
  7 DEMAND AND SUPPLY SIDE ANALYSIS    
    7.1 Demand Side Analysis    
    7.2 Supply Side Analysis    
      7.2.1 Top Product Launches  
      7.2.2 Top Business Partnerships  
  8 VALUE CHAIN ANALYSIS      
    8.1 Value Chain Analysis    
  9 MARKET INSIGHTS BY SYSTEM TYPE    
    9.1 General Overview      
      9.1.1 Adaptive Cruise Control (ACC)  
      9.1.2 Intelligent Park Assist (IPA)  
      9.1.3 Automatic Emergency Braking (AEB)
      9.1.4 Adaptive Front Light (AFL)  
      9.1.5 Blind Spot Detection (BSD)  
      9.1.6 Lane Departure Warning (LDW)
      9.1.7 Drowsiness Monitor System (DMS)
      9.1.8 Other Advanced Driver-Assistance Systems (ADAS) Systems Market
  10 MARKET INSIGHTS BY SENSOR TYPE    
    10.1 General Overview      
      10.1.1 Image Sensor    
      10.1.2  LiDAR Sensor    
      10.1.3 Ultrasonic Sensor    
      10.1.4 Radar Sensor    
      10.1.5 Other Advanced Driver-Assistance Systems (ADAS) Sensor Type
  11 MARKET INSIGHTS BY VEHICLE TYPE    
    11.1 General Overview      
      11.1.1 Passenger Car    
      11.1.2 Light Commercial Vehicle  
      11.1.3 Heavy Commercial Vehicle  
  12 MARKET INSIGHTS BY DISTRIBUTION CHANNEL  
    12.1 General Overview      
      12.1.1 Original Equipment Manufacturer (OEMs)
      12.1.2 Aftermarket    
  13 MARKET INSIGHTS BY REGION      
    13.1 General Overview      
    13.2 North America Advanced Driver-Assistance Systems (ADAS) Market
      13.2.1 North America Advanced Driver-Assistance Systems (ADAS) Market, by System Type
      13.2.2 North America Advanced Driver-Assistance Systems (ADAS) Market, by Sensor Type
      13.2.3 North America Advanced Driver-Assistance Systems (ADAS) Market, by Vehicle Type
      13.2.4 North America Advanced Driver-Assistance System Market, by Distribution Channel
      13.2.5 North America Advanced Driver-Assistance Systems (ADAS) Market, by Country
        13.2.5.1 United States Advanced Driver-Assistance Systems (ADAS) Market
          13.2.5.1.1 US ADAS Market, by System Type
          13.2.5.1.2 US ADAS Market, by Sensor Type
          13.2.5.1.3 US ADAS Market, by Vehicle Type
          13.2.5.1.4 US ADAS Market, by Distribution Channel
        13.2.5.2 Canada Advanced Driver-Assistance Systems (ADAS) Market
          13.2.5.2.1 Canada ADAS Market, by System Type
          13.2.5.2.2 Canada ADAS Market, by Sensor Type
          13.2.5.2.3 Canada ADAS Market, by Vehicle Type
          13.2.5.2.4 Canada ADAS Market, by Distribution Channel
        13.2.5.3 Rest of North America Advanced Driver-Assistance Systems (ADAS) Market
          13.2.5.3.1 Rest of North America ADAS Market, by System Type
          13.2.5.3.2 Rest of North America ADAS Market, by Sensor Type
          13.2.5.3.3 Rest of North America ADAS Market, by Vehicle Type
          13.2.5.3.4 Rest of North America ADAS Market, by Distribution Channel
    13.3 Europe Advanced Driver-Assistance Systems (ADAS) Market
      13.3.1 Europe Advanced Driver-Assistance Systems (ADAS) Market, by System Type
        13.3.2 Europe Advanced Driver-Assistance Systems (ADAS) Market, by Sensor Type
        13.3.3 Europe Advanced Driver-Assistance Systems (ADAS) Market, by Vehicle Type
        13.3.4 Europe Advanced Driver-Assistance System Market, by Distribution Channel
        13.3.5 Europe Advanced Driver-Assistance Systems (ADAS) Market, by Country
          13.3.5.1 Germany Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.1.1 Germany ADAS Market, by System Type
            13.3.5.1.2 Germany ADAS Market, by Sensor Type
            13.3.5.1.3 Germany ADAS Market, by Vehicle Type
            13.3.5.1.4 Germany ADAS Market, by Distribution Channel
          13.3.5.2 United Kingdom Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.2.1 UK ADAS Market, by System Type
            13.3.5.2.2 UK ADAS Market, by Sensor Type
            13.3.5.2.3 UK ADAS Market, by Vehicle Type
            13.3.5.2.4 UK ADAS Market, by Distribution Channel
          13.3.5.3 France Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.3.1 France ADAS Market, by System Type
            13.3.5.3.2 France ADAS Market, by Sensor Type
            13.3.5.3.3 France ADAS Market, by Vehicle Type
            13.3.5.3.4 France ADAS Market, by Distribution Channel
          13.3.5.4 Italy Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.4.1 Italy ADAS Market, by System Type
            13.3.5.4.2 Italy ADAS Market, by Sensor Type
            13.3.5.4.3 Italy ADAS Market, by Vehicle Type
            13.3.5.4.4 Italy ADAS Market, by Distribution Channel
          13.3.5.5 Spain Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.5.1 Spain ADAS Market, by System Type
            13.3.5.5.2 Spain ADAS Market, by Sensor Type
            13.3.5.5.3 Spain ADAS Market, by Vehicle Type
            13.3.5.5.4 Spain ADAS Market, by Distribution Channel
          13.3.5.6 Rest of Europe Advanced Driver-Assistance Systems (ADAS) Market
            13.3.5.6.1 Rest of Europe ADAS Market, by System Type
            13.3.5.6.2 Rest of Europe ADAS Market, by Sensor Type
            13.3.5.6.3 Rest of Europe ADAS Market, by Vehicle Type
            13.3.5.6.4 Rest of Europe ADAS Market, by Distribution Channel
    13.4 Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market
      13.4.1 Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market, by System Type
      13.4.2 Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market, by Sensor Type
      13.4.3 Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market, by Vehicle Type
      13.4.4 Asia-Pacific Advanced Driver-Assistance System Market, by Distribution Channel
      13.4.5 Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market, by Country
        13.4.5.1 China Advanced Driver-Assistance Systems (ADAS) Market
          13.4.5.1.1 China ADAS Market, by System Type
          13.4.5.1.2 China ADAS Market, by Sensor Type
          13.4.5.1.3 China ADAS Market, by Vehicle Type
          13.4.5.1.4 China ADAS Market, by Distribution Channel
        13.4.5.2 Japan Advanced Driver-Assistance Systems (ADAS) Market
          13.4.5.2.1 Japan ADAS Market, by System Type
          13.4.5.2.2 Japan ADAS Market, by Sensor Type
          13.4.5.2.3 Japan ADAS Market, by Vehicle Type
          13.4.5.2.4 Japan ADAS Market, by Distribution Channel
        13.4.5.3 South Korea Advanced Driver-Assistance Systems (ADAS) Market
          13.4.5.3.1 South Korea ADAS Market, by System Type
          13.4.5.3.2 South Korea ADAS Market, by Sensor Type
          13.4.5.3.3 South Korea ADAS Market, by Vehicle Type
          13.4.5.3.4 South Korea ADAS Market, by Distribution Channel
        13.4.5.4 India Advanced Driver-Assistance Systems (ADAS) Market
          13.4.5.4.1 India ADAS Market, by System Type
          13.4.5.4.2 India ADAS Market, by Sensor Type
          13.4.5.4.3 India ADAS Market, by Vehicle Type
          13.4.5.4.4 India ADAS Market, by Distribution Channel
        13.4.5.5 Rest of Asia-Pacific Advanced Driver-Assistance Systems (ADAS) Market
          13.4.5.5.1 Rest of Asia-Pacific ADAS Market, by System Type
          13.4.5.5.2 Rest of Asia-Pacific ADAS Market, by Sensor Type
          13.4.5.5.3 Rest of Asia-Pacific ADAS Market, by Vehicle Type
          13.4.5.5.4 Rest of Asia-Pacific ADAS Market, by Distribution Channel
    13.5 Rest of World Advanced Driver-Assistance Systems (ADAS) Market
      13.5.1 Rest of World Advanced Driver-Assistance Systems (ADAS) Market, by System Type
      13.5.2 Rest of World Advanced Driver-Assistance Systems (ADAS) Market, by Sensor Type
      13.5.3 Rest of World Advanced Driver-Assistance Systems (ADAS) Market, by Vehicle Type
      13.5.4 Rest of World Advanced Driver-Assistance System Market, by Distribution Channel
  14 COMPETITIVE SCENARIO      
    14.1 Porter’s Five forces analysis    
      14.1.1 Bargaining power of Supplier  
      14.1.2 Bargaining power of Buyer  
      14.1.3 Industry Rivalry    
      14.1.4 Availability of Substitute  
      14.1.5 Threat of new Entrants  
    14.2 Competitive Landscape    
      14.2.1 Market Share of Key Players in ADAS Market, 2019
  15 TOP COMPANY PROFILES      
    15.1 Robert Bosch      
      15.1.1 Key Facts      
      15.1.2 Business Description  
      15.1.3 Key Product/Services Offerings
      15.1.4 Growth Strategy    
      15.1.5 SWOT Analysis    
      15.1.6 Key Financials    
        15.1.6.1 Revenue Split, by Region and Segment
      15.1.7 Recent Developments  
        15.1.7.1 Product Launches  
        15.1.7.2 Partnerships (Strategic Alliance)
    15.2 Continental AG      
    15.3 Autoliv Inc.      
    15.4 Aptiv        
    15.5 Delphi Automotive Company    
    15.6 ZF Friedrichshafen      
    15.7 Denso Corporation      
    15.8 Hella KGAA Hueck & Co    
    15.9 Hyundai Mobis      
    15.10 Texas Instruments Inc.    

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Advanced Driver-Assistance Systems Market were the three major steps undertaken to create and analyze the adoption of Advanced Driver-Assistance Systems across automotive industry in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Advanced Driver-Assistance Systems sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Advanced Driver-Assistance Systems through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Advanced Driver-Assistance Systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as system type, sensor type, vehicle type and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of the Advanced Driver-Assistance Systems in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Advanced Driver-Assistance Systems. Further, we conducted factor analysis using dependent and independent variables such as rising demand for a safe, efficient and convenient driving, government mandates about vehicle safety among others. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Advanced Driver-Assistance Systems industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Advanced Driver-Assistance Systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down approach was applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Advanced Driver-Assistance Systems across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Advanced Driver-Assistance Systems market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Advanced Driver-Assistance Systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of system type, sensor type, vehicle type, and distribution channel of the Advanced Driver-Assistance Systems market.

The main objective of the Advanced Driver-Assistance Systems Market Study

The current & future market trends of Advanced Driver-Assistance Systems were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Advanced Driver-Assistance Systems in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of system type, sensor type, vehicle type, and distribution channel
  • Define and analysis of the regulatory framework for the Advanced Driver-Assistance Systems sector
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Advanced Driver-Assistance Systems market for the major region
  • Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, South Korea, and Australia), and the Rest of the World
  • Company profiles of the Advanced Driver-Assistance Systems market and the growth strategies adopted by the market players to sustain in the fast-growing market Deep dive regional level analysis of the industry

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Advanced Driver-Assistance Systems Market were the three major steps undertaken to create and analyze the adoption of Advanced Driver-Assistance Systems across automotive industry in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Advanced Driver-Assistance Systems sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Advanced Driver-Assistance Systems through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Advanced Driver-Assistance Systems market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as system type, sensor type, vehicle type and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of the Advanced Driver-Assistance Systems in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Advanced Driver-Assistance Systems. Further, we conducted factor analysis using dependent and independent variables such as rising demand for a safe, efficient and convenient driving, government mandates about vehicle safety among others. A thorough analysis was conducted for demand and supply-side scenario considering top partnerships, merger and acquisition, business expansion, and product launches in the Advanced Driver-Assistance Systems industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Advanced Driver-Assistance Systems market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. top-down approach was applied to arrive at the market forecast about 2026 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Advanced Driver-Assistance Systems across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Advanced Driver-Assistance Systems market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Advanced Driver-Assistance Systems market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of system type, sensor type, vehicle type, and distribution channel of the Advanced Driver-Assistance Systems market.

The main objective of the Advanced Driver-Assistance Systems Market Study

The current & future market trends of Advanced Driver-Assistance Systems were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Advanced Driver-Assistance Systems in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of system type, sensor type, vehicle type, and distribution channel
  • Define and analysis of the regulatory framework for the Advanced Driver-Assistance Systems sector
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Advanced Driver-Assistance Systems market for the major region
  • Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, South Korea, and Australia), and the Rest of the World
  • Company profiles of the Advanced Driver-Assistance Systems market and the growth strategies adopted by the market players to sustain in the fast-growing market Deep dive regional level analysis of the industry

Advanced Driver-Assistance Systems (ADAS) Market: Current Analysis and Forecast (2020-2026)