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The advanced driver assistance systems (ADAS) industry is being driven by the rising government regulations pertaining to vehicular safety across the globe. The market is being further catalysed by the rising adoption of autonomous and semi-autonomous vehicles, which make use of advanced driver assistance systems to analyse the data collected by radar, LiDAR, high-definition on-board cameras, and ultrasonic sensors. With major automotive manufacturers like General Motors, Tesla, and Ford, among others, expected to launch fully autonomous models in the forecast period, the ADAS market is expected to expand at a robust rate in the coming years.
The Asia Pacific is expected to emerge as a major market for advanced driver assistance systems (ADAS) due to the rising road safety awareness in the region, along with the introduction of significant government regulations, which are expected to come into effect during the forecast period. In Japan, the Ministry of Land, Infrastructure, Transport, and Tourism (MLITT) has mandated that all new and remodelled passenger cars must be fitted with automatic emergency braking (AEB), starting November 2021. Meanwhile, in India, the Ministry for Road Transport and Highways is expected to mandate the inclusion of ADAS across all automobiles to curb accidents and increase road safety.
With the Asia Pacific region presenting lucrative growth opportunities for the market, major industry players are increasingly investing in the region. In 2016, Continental AG (OTCMKTS: CTTAY), a leading player in the industry and a major automotive components manufacturer, announced its plan to expand into the Asia Pacific market, primarily investing in countries like Japan, China, and India. Thus, the rising expansion of such players into the profitable regional market is expected to influence the overall ADAS market positively.
Market Analysis by Offering, Sensor Type, System Type, Level of Autonomy, Distribution Channel, Vehicle Type, and Region:
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The major players in the global advanced driver assistance systems (ADAS) market are Robert Bosch GmbH, Continental AG, DENSO Corporation, Magna International Inc., ZF Friedrichshafen AG, Autoliv Inc., and NXP Semiconductors, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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