ADAS Global Market to Easily Double in 5 Years with a 19.9% CAGR

Wellesley, Mass., July 26, 2017 (GLOBE NEWSWIRE) —

The global advanced driver assistance system (ADAS) market is expected to gain $35.3 billion from 2016 to 2021, reaching a total of nearly $59.1 billion in the end year. According to a new report, Advanced Driver Assistance Systems: Technologies and Global Markets, the market’s prodigious growth stems partly from the accelerating need for road safety systems along with demand for fuel-efficient vehicles, both key factors that triggering unprecedented changes in the auto industry.

The BCC Research report found that more established high-tech companies, including semiconductor makers, are actively pursuing ADAS opportunities despite any previous presence in the automotive sector. For example, Intel, Nvidia, Panasonic, Qualcomm, Samsung and Sony are going after such opportunities, including those related to sensors, ECUs and MCUs, systems and systems-on-a-chip. Meanwhile, key players such as Denso, Continental, Aisin, Delphi and Valeo are trying to maintain their dominance in the market by launching innovative products with enhanced safety features.

The global ADAS market is calculated based on the sales of products such as processors (e.g., electronic control units and microcontroller units), sensors, semiconductors, software and its algorithms, mapping systems and electrical systems. The major trends with notable growth are increased electronic content and electronic integration, deployment of ADAS in low-cost cars and a rise in the number of driverless cars.

Research Highlights

• Radar sensors, owing to their robust functionality and multiple applications, are expected to dominate the ADAS market by technology, accounting for over 57% of the market by 2021.
• Japan, China and Korea together accounted for more than 85% of the Asia-Pacific automotive ADAS market as of 2016, partly due to that region’s stringent auto safety regulations.
• The Europe region recorded the highest share of the 2016 global market, with more than 33%.

“In the developing economies, as sales of vehicles increase, more customers are opting for ADAS features in their vehicles. Initially, few consumers adopted these systems due to their high cost and because they were unaware of their benefits,” says Jaydeep Bhattacharjee, BCC Research analyst and author of the report. “However, with new government regulations in place and greater awareness of the proven safety benefits, these systems have gained traction with consumers. A majority of the ongoing installations are occurring in the aftermarket, as drivers want to avoid buying a new vehicle to get ADAS.

About BCC Research

BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at [email protected].