Technology

Advanced Driver Assistance System (ADAS) Market Future Scope, Demands and Projected Industry Growths to 2026

Selbyville, Delaware According to Market Study Report LLC adds new research on Advanced Driver Assistance System (ADAS) market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Advanced Driver Assistance System (ADAS) market also includes an in-depth study of the industry competitive scenario.

The ADAS market is projected to grow at a substantial rate over the coming timeframe owing to increasing demand for safety features in vehicles and a significant rise in automotive component manufacturing. ADAS (Advanced Driver Assistance System) is a term utilized to define an increasing number of safety functions that are designed to further enhance passenger, driver, and pedestrian safety by decreasing both the total number and severity of motor vehicle accidents.

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In simpler terms advanced driver assistance systems are automotive technologies that ensure better road safety. ADAS technologies are also considered as one of most the rapidly growing segments in the automotive electronics sector. In addition, the future growth of ADAS technology is influenced by several key trends, including automotive HMI design, sensors, connectivity, embedded vision, and automotive systems infrastructure. ADAS covers a wide range of features and components that collectively together deliver a much safer and more comfortable riding experience.

The ADAS abilities that enhance passenger and driver safety includes traffic sign recognition, hill descent control, driver monitoring system, wrong way driving warning, vehicular communication system, electric vehicle warning, forward collision warning, and driver drowsiness detection among others.

Some of the more advanced features that deliver a comfortable experience includes, automotive night vision, automatic parking, intelligent speed adaptation, anti-lock braking system, crosswind stabilization, lane change assistance system, tire pressure monitoring, and surround view system among others. With more consumer purchase decisions being influenced by ADAS capabilities, the above-mentioned features are likely to drive the ADAS market

Advanced driver assistance system (ADAS) market is segmented in terms of technology, sensor, vehicle, distribution channel, and regional landscape. Based on technology, the ADAS market is classified into traffic sign recognition, tire pressure monitoring system (TPMS), surround view system, park assist, lane departure warning, head up display, night vision, AEB, front lighting, forward collision warning, driver monitoring, blind spot detection, automatic high beam control, and adaptive cruise control.

Among these, adaptive cruise control segment held a market share of more than 25% in 2019 owing to its ability to control vehicle speed and enhance driver safety and comfort. This way the driver enjoys comfort and is able to focus on the traffic without having to constantly work the accelerator and gears. This technology is likely to become an important part of the self-driving cars in the upcoming years.

With respect to sensor, the ADAS market is categorized into RADAR, image sensor, ultrasonic, infrared, and LiDAR. Among these, infrared segment held a market share of more than 10% in 2019 owing to its ability to deliver secured line of sight communication and low power consumption in automotive safety systems. From a regional frame of reference, in 2019, Middle East & Africa market value stood at around $500 million due to significant rise in automotive component manufacturing initiatives in the region.

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