Expert Market Research Explores the Top 5 Companies in the Global Advanced Driver Assistance Systems (ADAS) Market

Advanced driver assistance systems (ADAS) are one of the fastest-growing applications in the automotive sector. The main aim of ADAS feature creation is to make roads safer and better suited to fully autonomous vehicles in the long run. However, manufacturers and buyers should not underestimate the importance of ADAS in meeting current automotive challenges. The most important effect of advanced driver assistance systems is providing critical knowledge to drivers and automating difficulties. The ADAS market is rising rapidly, and so is the growth of the ADAS algorithm. A variety of algorithms are used for life-saving power systems. Among them, vision and image processing algorithms are real game changers for the creation of ADAS applications.

Advanced driver assistance systems (ADAS) continue to grow as they not only provide enhanced passenger experience but also provide the driver with maximum safety. ADAS technology using FPGA / SoCs and automotive sensors can be based on systems locally to the car, that is ‘vehicle resident systems’ such as vision/camera, to allow improved situational awareness and control to make driving easier and safer. The largest and most common connected system used today by consumers is a car.

The market is being driven by rising public awareness of vehicle safety and lower component prices due to the widespread usage of cameras and radars. Along with this, tight safety norms and regulations are likely to boost market growth over the forecast period. Due to significant technological advancements and the manufacture of multifunctional systems, the industry is expected to grow even more.

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Top 5 Global Advanced Driver Assistance Systems (ADAS) Companies:

Robert Bosch

Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company headquartered in Gerlingen. Bosch's core operating areas are spread across four business sectors: mobility (hardware and software), consumer goods (including household appliances and power tools), industrial technology (including drive and control), and energy and building technology.

Continental AG

Continental AG, commonly known as Continental or colloquially as Conti, is a German multinational automotive parts manufacturing company specialising in brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, tires, and other details for the automotive and transportation industries. Continental is the world's fourth-largest tire manufacturer.

DENSO Corporation

DENSO Corporation is a global automotive component manufacturer headquartered in the city of Kariya, Japan. After becoming independent from Toyota Motor, the company was founded as Nippon Denso Co. Ltd. in 1949. Toyota owns about 25% of the company. The company works across global offices and plants to innovate and advance the future of connected cars, automated drive, shared mobility, and electrification.

Magna International

Magna International Inc. is a Canadian mobility technology company for automakers. It is one of the largest companies in Canada and was recognised on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

ZF Friedrichshafen AG

ZF Friedrichshafen AG, is a German car parts maker headquartered in Friedrichshafen, in the south-west German state of Baden-Württemberg. Specialising in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry. It is a worldwide supplier of driveline and chassis technology for cars and commercial vehicles and specialist plant equipment such as construction equipment. It is also involved in rail, marine, defence and aviation industries, and general industrial applications. ZF has 241 production locations in 41 countries with approximately 1,48,000 (2019) employees.