The Advanced Driver Assistance Systems (ADAS) encompasses technologies and systems that aim to enhance vehicle safety and efficiency by assisting drivers. These solutions rely on a combination of sensors, cameras, radars, and other advanced technologies to continuously monitor the vehicle's surroundings, identify potential dangers, and deliver real-time information to the driver.
The Advanced Driver Assistance Systems (ADAS) Market encompasses technologies and systems that aim to enhance vehicle safety and efficiency by assisting drivers. These solutions rely on a combination of sensors, cameras, radars, and other advanced technologies to continuously monitor the vehicle's surroundings, identify potential dangers, and deliver real-time information to the driver.
Vehicle manufacturers recommend the use of adequate air pressure to ensure safety and fuel economy. Air pressure below the recommended level, i.e., under-inflation, could lead to high heat generation resulting in wear & tear, and blowout of tires and loss of control. Tire pressure monitoring system (TPMS) is an electronic system used for monitoring the air pressure in tires. The purpose of the TPMS is to warn the driver in case of high or low tire pressure by illuminating light.
The demand for tires that improve fuel efficiency has increased in recent years. Thus, tire manufacturers have focused on upgrading the existing technologies to improve traction, safety, and mileage. It is crucial to maintain optimum pressure in tires for safe driving, optimal fuel efficiency, and maximizing tire life. TPMS helps to provide greater fuel economy, increases vehicle safety and overall reduces CO2 emissions. For instance, in October 2022, Tymate Tire Pressure Monitoring System launched its new driving safety solutions Tymate M7-3 with 4 sensors. It has a collection of alarm modes such as fast leak alarm, high-temperature alarm, high/low-pressure alarm, and sensor low voltage alarm. This significantly decreases the risk while driving and protects driver against an extensive range of risks.
There are two types of TPMSs used in the industry, namely direct and indirect systems. Direct TPMS have been gaining popularity as compared to indirect TPMS, due to the inability of the latter to cater to requirements postulated in the TREAD act. TPMS plays a vital role in reducing the probability of an accident. The TPMS software and circuitry detect a malfunction within 20 minutes, which is denoted by the indication of malfunction illumination lamp (MIL). A reduction in the cost of resynchronization tools and decreased probability of the sensors to being damaged during mounting/demounting act as key opportunities for the adoption of TPMS in the market. The battery provided with the TPMS sensors is rarely serviceable and requires replacement of the entire sensor when the battery drains out. The addition of replaceable batteries into TPMS is expected to supplement the market growth.
The advanced driver assistance systems market is segmented on the basis of system type, sensor type, vehicle type, and region. Based on system type, it is segmented into tire pressure monitoring system (TPMS), drowsiness monitor system, intelligent parking assist system (IPAS), adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front-lighting system, and others. On the basis of sensor type, it is classified into image sensors, LiDAR sensors, ultrasonic sensors, infrared (IR) sensors, radar sensors, and lasers. By vehicle type, it is categorized into passenger cars, light commercial vehicles, buses, and trucks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH GMBH, Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments.
The Advanced Driver Assistance Systems (ADAS) Market encompasses technologies and systems that aim to enhance vehicle safety and efficiency by assisting drivers. These solutions rely on a combination of sensors, cameras, radars, and other advanced technologies to continuously monitor the vehicle's surroundings, identify potential dangers, and deliver real-time information to the driver.
Vehicle manufacturers recommend the use of adequate air pressure to ensure safety and fuel economy. Air pressure below the recommended level, i.e., under-inflation, could lead to high heat generation resulting in wear & tear, and blowout of tires and loss of control. Tire pressure monitoring system (TPMS) is an electronic system used for monitoring the air pressure in tires. The purpose of the TPMS is to warn the driver in case of high or low tire pressure by illuminating light.
The demand for tires that improve fuel efficiency has increased in recent years. Thus, tire manufacturers have focused on upgrading the existing technologies to improve traction, safety, and mileage. It is crucial to maintain optimum pressure in tires for safe driving, optimal fuel efficiency, and maximizing tire life. TPMS helps to provide greater fuel economy, increases vehicle safety and overall reduces CO2 emissions. For instance, in October 2022, Tymate Tire Pressure Monitoring System launched its new driving safety solutions Tymate M7-3 with 4 sensors. It has a collection of alarm modes such as fast leak alarm, high-temperature alarm, high/low-pressure alarm, and sensor low voltage alarm. This significantly decreases the risk while driving and protects driver against an extensive range of risks.
There are two types of TPMSs used in the industry, namely direct and indirect systems. Direct TPMS have been gaining popularity as compared to indirect TPMS, due to the inability of the latter to cater to requirements postulated in the TREAD act. TPMS plays a vital role in reducing the probability of an accident. The TPMS software and circuitry detect a malfunction within 20 minutes, which is denoted by the indication of malfunction illumination lamp (MIL). A reduction in the cost of resynchronization tools and decreased probability of the sensors to being damaged during mounting/demounting act as key opportunities for the adoption of TPMS in the market. The battery provided with the TPMS sensors is rarely serviceable and requires replacement of the entire sensor when the battery drains out. The addition of replaceable batteries into TPMS is expected to supplement the market growth.
The advanced driver assistance systems market is segmented on the basis of system type, sensor type, vehicle type, and region. Based on system type, it is segmented into tire pressure monitoring system (TPMS), drowsiness monitor system, intelligent parking assist system (IPAS), adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front-lighting system, and others. On the basis of sensor type, it is classified into image sensors, LiDAR sensors, ultrasonic sensors, infrared (IR) sensors, radar sensors, and lasers. By vehicle type, it is categorized into passenger cars, light commercial vehicles, buses, and trucks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH GMBH, Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced driver assistance systems market analysis from 2022 to 2032 to identify the prevailing advanced driver assistance systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the advanced driver assistance systems market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global advanced driver assistance systems market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By System Type
- Tire Pressure Monitoring System (TPMS)
- Drowsiness Monitor System
- Intelligent Parking Assist System (IPAS)
- Adaptive Cruise Control System
- Blind Spot Object Detection System
- Lane Departure Warning System
- Adaptive Front-lighting System
- Others
By Sensor Type
- Ultrasonic Sensor
- Infrared (IR) Sensor
- Radar Sensor
- Laser
- Image Sensor
- Lidar Sensor
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Buses
- Trucks
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- NXP Semiconductors
- Denso Corporation
- Magna International Inc.
- AUTOLIV INC.
- Renesas Electronics Corporation
- Continental AG
- Valeo SA
- Panasonic Holdings Corporation
- Texas Instruments Incorporated
- Robert Bosch GmbH
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY SYSTEM TYPE
CHAPTER 5: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY SENSOR TYPE
CHAPTER 6: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY VEHICLE TYPE
CHAPTER 7: ADVANCED DRIVER ASSISTANCE SYSTEMS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Advanced Driver Assistance Systems Market is likely to experience a significant growth rate of 13.0% from 2023-2032 owing to the high demand for safety features and increased demand for comfort while drivingAdvanced driver assistance systems are a set of systems used in vehicles to provide an intelligent and comfortable driving experience. These systems are used to provide vital information such as traffic congestion level, suggested routes, blockage & closure of roads ahead, and others. In addition, ADAS is also used to analyze the fatigue and distraction of human drivers and make precautionary alerts to make suggestions regarding same and alert the driver about potentially dangerous situations. Furthermore, these systems take control of the human driver if required and allow short range communication with the other vehicles. The global advanced driver assistance systems market includes all the sensors used in the various applications such as adaptive cruise control, lane departure warning system, park assist, blind spot detection system, adaptive front lighting system, and others. The research provides details about the manufacturing technologies used for advanced driver assistance systems, applications, and the companies operating in the region along with their key strategies
Key factors driving the growth of the advanced driver assistance systems market are the high demand for safety features, increased demand for comfort while driving, and stringent safety rules and regulations. The growth of the advanced driver assistance systems market can be attributed to the technological advancements in advanced driver assistance system, and advent of multifunctional system.
Image sensors are used for sensing and providing information in the form of an image. These sensors convert light waves and sound waves into signals, which are then used for providing a pictorial representation of the environment in the form of an image. Image sensors are mainly used for applications such as park assist, lane departure warning, collision avoidance system, and blind spot detection. Image sensors are used in a wide range of applications such as photography, medical, and others. These sensors have witnessed impressive growth in advanced driver assistance systems. Image sensors are used in various applications such as park assist, lane departure warning, and collision avoidance systems for projecting the outside picture to the driver. The development of NCAP car ratings in developed nations, such as Japan, Brazil, and European countries has led to the remarkable commercial opportunity for image sensors. Leading manufacturing companies such as BMW, Audi, Ford, Toyota, Onsemi and GM, majorly invest to develop ADAS to sustain the intense competition in the industry. For instance, in May 2023, Onsemi launched Hyperlux automotive image sensor with a 2.1 µm pixel size, 150 dB ultra-high dynamic range (HDR) and LED flicker mitigation (LFM) across the full automotive temperature range, the Hyperlux family offers high performance, speed and advanced features to propel the next generation of advanced driver assistance systems (ADAS) forward.
The introduction of vision-based inputs by ADAS would present promising opportunities for the image sensors industry. However, functions associated with ADAS such as park assistance, lane departure warning, and collision avoidance, are heavily dependent on the use of image sensors. Therefore, increased demand for these features is expected to drive the image sensors market growth. The use of ADAS in low-cost cars is expected to present lucrative opportunities for the global advanced driver assistance systems market. Ultrasonic sensors are used for short-range detection of obstacles and are mainly used for park assistance and blind spot detection. These sensors are characterized by high sound intensity, which enables it to detect small objects with high reliability. Presently, these sensors are mainly used in automatic parking system applications.
Ultrasonic sensors are used to calculate the distance of an obstacle to assist the driver while parking, detecting objects in blind spots and identifying parking spots. These sensors are mainly used for parking assistance. The downsizing pin-connector type ultrasonic sensor was a key limitation, as the pin connector had to be placed on the sensor unit via support. Thus, Murata has developed an ultrasonic sensor, which would internalize this support within the sensor to cater to the problem. BMW, Ford, Volvo, and GM are the other prominent providers of sensor technology. For instance, in June 2022, BMW Group announced that Valeo will provide the advanced driver assistance system for its vehicle. BMW will also use Valeo’s next-generation ultrasonic sensors, surround-view cameras and new multifunctional interior cameras that can detect signs of drowsiness, fatigue, or driver distraction. In recent years, driver assistance systems have gained popularity due to the rise in need for comfort and safety among the customers. However, the cost is still a key factor restricting the use of ADAS in applications such as blind spot warning, lane change, and adaptive cruise control.
The advanced driver assistance systems market is segmented into system type, sensor type, vehicle type, and region. On the basis of system type, the market is categorized into tire pressure monitoring system (TPMS), drowsiness monitoring system, intelligent parking assist system (IPAS), adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front lighting system, and others. On the sensor type, it is categorized into image sensor, LiDAR sensor, ultrasonic sensor, infrared (IR) sensor, radar sensor, and laser. On the basis of vehicle type, it is fragmented into passenger car, light commercial vehicle, buses, and trucks. Region-wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study are Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH GMBH, Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments. The players in the market have been actively engaged in the adoption of various strategies such as product development, expansion, acquisition, product launch, product development, and others to remain competitive and gain an advantage over the competitors in the market.
Key Market Insights
By system type, the tire pressure monitoring system (TPMS) segment was the highest revenue contributor to the market, and is estimated to reach $39.3 billion by 2032, with a CAGR of 11.9%.By sensor type, the radar sensor segment dominated the global market, and is estimated to reach $32.2 billion by 2032, with a CAGR of 9.9%.
Based on vehicle type, the passenger car segment was the highest revenue contributor to the market, with $31.0 billion in 2022, and is estimated to reach $96.8 billion by 2032, with a CAGR of 12.4%.
Based on region, Asia-Pacific was the highest revenue contributor, accounting for $15.0 billion in 2022, and is estimated to reach $47.5 billion by 2032, with a CAGR of 12.5%.
Companies Mentioned
- NXP Semiconductors
- Denso Corporation
- Magna International Inc.
- AUTOLIV INC.
- Renesas Electronics Corporation
- Continental AG
- Valeo SA
- Panasonic Holdings Corporation
- Texas Instruments Incorporated
- Robert Bosch GmbH
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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