Global ADAS and Autonomous Driving Components Market to Reach $61.06 Billion by 2026, Reports BIS Research
Friday, October 13, 2017
BLOOMINGTON, Minnesota, October 13, 2017 /PRNewswire/ --
According to a new market intelligence report by BIS Research, titled "Global ADAS and
Autonomous Driving Components Market, 2017-2026
", the global ADAS and autonomous driving components (camera,
radar, LiDAR, ultrasonic sensor and ECUs) market is estimated to grow at a CAGR of 38.6%
during the forecast period 2017-2026. . The surge in demand of highly automated vehicles,
increasing safety concerns, and stringent governmental regulations are the primary factors
responsible for the growth of this market.
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Browse 65 market Data Tables and 168 Figures spread through 331 Pages and in-depth TOC
on "Global ADAS and Autonomous Driving Components Market
The need for personal transportation, rapid urbanization, and increasing disposable
income of the middle-income population of developing countries have influenced the vehicle
market to substantially enhance its sales. The growing number of on-road vehicles has
resulted in an increased number of road accidents. For instance, the number of fatal
accidents in the U.S. increased by 7.2% from 2014 to 2015. Most of these accidents were
the results of the errors made by drivers. This constantly rising number of accidents and
increased safety concern for every being present both inside and outside of the vehicles
have led the governments of different nations to mandate the usage of automated systems,
thereby fuelling the ADAS and autonomous driving components market. To this end, the U.S.
Department of Transportation's National Highway Traffic Safety Administration (NHTSA)
announced the final rule to improvise vehicle safety in March 2014. The rule mandates the
integration of rear visibility technology in all new automobiles which are under 10,000
pounds by May 2018.
In addition to this, a change in consumer preferences towards greater driving comfort
and the expected increase in the number of automated vehicles are some of the factors
driving the global ADAS and autonomous driving components market.
According to Abhimanyu Raheja, an analyst at BIS Research, "The overall number of
automated vehicles is expected to reach more than 110 million by the end of 2026, which in
turn will lead to a rapid expansion of ADAS and autonomous driving components. Due to the
efficient performance and mandatory usage of LiDARs in level 3 or higher autonomous
vehicles, the LiDAR market is expected to grow at the highest rate as compared to other
- Among all the components, a major contributor towards the market in 2016 was radar
and it accounted for 37.1% share in 2016 by value.
- In the year 2016, level 1 (ADAS) components dominated the market. However, due to
the expected increase in the number of level 2 equipped vehicles in the future years,
it is anticipated that level 2 autonomous components will dominate the market.
- Geographically, Europe contributed the largest share of the market revenue of ADAS and
autonomous driving market in 2016. Whereas, North America is expected to grow at the
highest CAGR during the forecast period.
Request for Sample Report:
This market intelligence report provides a multidimensional view of the global ADAS
and autonomous driving components market in terms of market size and growth potential.
This research report aims at answering various aspects of the global ADAS and autonomous
driving components market with the help of key factors driving the market, threats that
can possibly inhibit the overall market growth, and the current growth opportunities that
is going to shape the future trajectory of the market expansion. Further, the report
provides a detailed market analysis and forecast with respect to various component types
(cameras, radars, ultrasonic sensors, LiDARs and ECUs) and vehicle types, which include
passenger cars and commercial vehicles (light commercial vehicles, heavy trucks and heavy
buses). Additionally, on the basis of automation level, the ADAS and autonomous driving
components market is segmented into level 1, level 2, level 3, level 4 and level 5
Furthermore, the competitive landscape chapter in the report explicates the
competitive nature of the global market and enables the reader to get acquainted with the
recent market activities such as product launches, regulatory clearance, certifications,
partnerships, collaborations, business expansion, as well as mergers and acquisitions. The
research report also provides a comprehensive analysis of the market share of the major
manufacturers and value chain analysis.
This report is a meticulous compilation of research on more than 100 players in the
market ecosystem and draws upon insights from in-depth interviews with the key opinion
leaders of more than 50 leading companies, market participants and vendors. The report
also profiles 23 companies including several key players such as ZF Friedrichshafen AG
(Germany), Velodyne LiDAR (the U.S.), Magna International Inc. (Canada), LeddarTech
(Canada), NVIDIA Corporation (the U.S.), Robert Bosch GmbH (Germany), Continental AG
(Germany), Delphi Automotive PLC (the U.K), Denso Corporation (Japan), Infineon
Technologies AG (Germany), Mobileye N.V. (Israel) and Analog Devices, Inc. (the U.S),
Key questions answered in the report:
- What the global ADAS and autonomous driving components market size is in terms of
value from 2016-2026?
- Which component type is dominating the global ADAS and autonomous driving
components market in terms of value?
- What is the revenue generated by the different automation level in the global ADAS and
autonomous driving components market from 2016-2026?
- Which vehicle type in the ADAS and autonomous driving components market is expected to
grow the fastest from 2016-2026?
- What are the different factors driving the market forward during the forecast period?
- What are the major factors challenging the growth of the global ADAS and autonomous
driving components market?
- Which type of new strategies are being adopted by the existing market players to make
a mark in the industry?
- Which region will lead the global ADAS and autonomous driving components market by the
end of the forecast period?
- What is the market share of leading component manufacturers in the year 2016?
- Global Autonomous Vehicles Market - Analysis & Forecast (2016-202)
- Global Advanced Driver Assistance System (ADAS) Market- Forecast & Analysis, 2016 -
- GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) FOR COMMERCIAL VEHICLES
MARKET-FORECAST & ANALYSIS, 2016 -2022
- Global Automotive LiDAR Market, Analysis & Forecast- 2017 To 2026
About BIS Research:
BIS Research [http://bisresearch.com ] (Business Intelligence and Strategy Research)
is a global B2B market intelligence and advisory firm which focuses on those emerging
trends in technology which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high
technology verticals such as 3D Printing, Advanced Materials & Chemicals, Aerospace and
Defence, Automotive, Healthcare, Electronics & Semiconductors, Robotics & UAV and other
Our in-depth market intelligence reports focus on the market estimations, technology
analysis, emerging high-growth applications, deeply segmented granular country-level
market data and other important market parameters useful in the strategic decision making
for senior management.
What distinguishes BIS Research from the rest of the players is that we don't simply
provide data, but also complement it with valuable insights and actionable inputs for the
success of our clients.
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