Advanced driver assistance systems (ADAS) facilitates safe driving and warns the driver if the system detects risks from the surrounding objects. Deployment of ADAS in vehicles to enhance comfort and ensure safety on road has emerged as one of the major trends. The system provides dynamic features such as adaptive cruise control, parking assistance, blind spot detection, lane departure warning, drowsiness monitoring, tire pressure monitoring and night vision. The developments in the automotive industry are not only limited to the enhancement in the design or engine but also cover the safety of a vehicle, passenger as well as pedestrian. The growth of the market is driven by increasing focus of consumers on safety, the impending demand for comfort in driving along with a rise in government regulations for ensuring safety. However, factors such as pricing pressure, inflation, complexity and difficulty in testing systems are some of the biggest challenges of this industry. The major trends prevailing in the market are increased electronic content and electronic integration, deployment of ADAS in low-cost cars and a rise in number of driverless cars.
The European automotive industry is one of the largest and most innovative automotive markets in the world. With a massive transformation in the industry, there is rapid market penetration and mass adoption of ADAS amongst customers. There are regular upgrades in the ADAS technology which facilitate competitiveness in the market. Recently, Toyotas R&D labs in Japan, have conceptualized a prototype of the high-definition imaging Light Detection and Ranging (LiDAR) sensor for its ADAS system. This 3D sensor can detect objects up to a range of 100m and operate in adverse weather conditions as well. The company will use this 3D sensor as a part of their ADAS system in their upcoming Toyota vehicles.
Key players in the Advanced Driver Assistance System market are Valeo, Magna International Inc., Robert Bosch GmbH, Autoliv Inc., Continental AG, Denso Corporation, Audi AG, BMW AG, Ford Motors Co. and General Motors (GM). The ADAS market is segmented on the basis of component and geography. Component has been further bifurcated into systems and sensors.
The report provides an in depth analysis of the ADAS market and offers current and future trends to identify lucrative investment pockets in the market
The report identifies the key drivers, opportunities and restraints which shape the market and provides an impact analysis for the forecast period
Porters five forces analysis provides a clear idea regarding the potency of the buyers and the suppliers participating in this market. This would further render a competitive advantage to the stakeholders
Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market
Key Market SegmentationThe market is segmented on the basis of component and geography.
MARKET BY COMPONENT
MARKET BY SYSTEM TYPE
Tire Pressure Monitoring System
Drowsiness Monitor System
Park Assist System
Adaptive Cruise Control System
Blind Spot Object Detection System
Lane Departure Warning System
Adaptive Front Lighting System
Others (Night Vision System and Driver Monitoring System)
MARKET BY SENSOR TYPE
Infrared (IR) Sensor
LRR (Long Range Radar Sensor)
SRR (Short Range Radar Sensor)
MARKET BY GEOGRAPHY
Magna International Inc.
Robert Bosch GmbH
General Motors (GM)
Fords Motor Co.
The Global Advanced Driver Assistance System (ADAS) market, is developing gradually with increasing penetration rate of active safety systems. Europe is the biggest market for ADAS followed by North America, Asia-Pacific countries especially China, Japan and India, and LAMEA. It has been forecast that the market for Advanced Driver Assistance Systems will grow at a CAGR of 22.8% from 2014 - 2020, due to the strong economic conditions, the rising disposable income of the population and supportive government initiatives. Adaptive Front Lighting System and Lane Departure Warning System are the highest revenue generating applications, owing to the ongoing New Car Assessment Program (NCAP) ratings and mandatory government regulations, in developed nations.
Currently, RADAR sensors are used in maximum number of intelligent driving applications such as Adaptive Cruise Control, Park Assist, Blind Spot Detection and Collision Avoidance. It has been estimated that in the coming years ultrasonic sensors would drive the market, due to its cost effectiveness. It would also replace costly sensors such as radar and laser sensors in the near future. In the coming years, multifunctional systems would come into the picture and most of the applications would be run through single technology, which would reduce the price of the vehicles featuring advanced driving applications.
Currently, governments in developed regions, particularly Europe and North America, are mandating and promoting advanced vehicle safety technologies. These technologies are driving the advanced driving assistance market in these regions. Asia-Pacific region is witnessing highest growth especially in countries such as China, Japan and India, due to the increasing purchasing power of the consumers. The adoption is increasing due to other macroeconomic factors, such as rising income and purchasing power, changing lifestyle, demand for comfort driving and increasing awareness about active safety systems.
Automotive interiors refer to the interior components and systems in a vehicle which are specifically designed to provide comfort, grip, and sound insulation in the vehicle cabin. These comprise headliners, cockpit modules, door panels, flooring, automotive seats, interior lighting and other components. Automotive interiors play a critical role in influencing the buying decision of the buyer as these are indicative of the vehicle comfort and quality.
Third Party Logistics (3PL) is the function by which a manufacturer outsources activities related to logistics and distribution. Often a 3PL company can go beyond just logistics and distribution and can provide specialized services such as inventory management, cross-docking, door to door delivery and packaging of products. The market for this service is expected to witness growth at good pace owing to its use in todayâ€™s competitive environment. Moreover, the demand is expected to rise due to increase in the focus of manufacturer and retailers on their core business (known as core competencies) and subcontracting activities, such as logistics where they have less expertise.
Pneumatic tires are in high demand in the automotive industry. Pneumatic tires are rubber tires filled with compressed air that enhances the tires loading capacity and improves the overall performance of the vehicle. Raw materials that are used in the manufacturing of pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemicals reinforcing materials (fabric, steel, polyester, nylon, and rayon), fabric cord and wires.
Advanced driver assistance systems (ADAS) facilitate the driver in identifying hazardous road conditions thereby improving the driving experience with enhanced safety. The implementation of ADAS systems on different vehicles can significantly reduce the number of road accidents and severity of injuries.
The increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an intelligent transport system (ITS). ITS system constitutes both, road transport and an efficient metro/underground rail system. ITS involves the revamp of overall technological aspects such as GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth.
Air filter is a device that prevents entry of contaminants from environment into engine. It supplies clean & uncontaminated air into engine and restricts entry of dust, pollen, mold, & other particles in passenger compartment. Air filters eliminate unpleasant odor, and removes harmful exhaust fumes.