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ADAS and Autonomous Driving Components Market Size Worth USD 118.03 Bn by 2027 | CAGR of 21.9%: Emergen Research

Vancouver, B.C., Sept. 16, 2020 /PRNewswire/ -- Market Size – USD 24.05 Billion in 2019, Mark3et Growth - CAGR of 21.9%, Market Trends – Growing automotive industry has proliferated the rising need for safety of the vehicle as well as the passengers, in turn fostering the growth of the Advanced Driver Assistance Systems market.

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Rising number of government initiatives relating to vehicle safety coupled with the rising demand for safe and efficient vehicles are the major factors adding impetus to the growth of ADAS and autonomous driving components market over the forecasted period.

VNCOUVER, B.C., September 16, 2020 - The Global ADAS and Autonomous Driving Components Market is projected to reach USD 118.03 billion in 2027. Rising concern for safety, ongoing development of automotive electronics sensors technology, demand of concept cars from high-income consumers increasing demand of automation in automobiles, and increasing use of sensors in hybrid and semi hybrid and electric cars are boosting the demand of ADAS and autonomous driving components market growth.

Usage of sensors have been enormous in automotive. Sensors are being used in almost all parts of the vehicle like chassis, engines, clutch, brakes, transmission, control, and safety. Automotive sensors are majorly used in powertrains to monitor speed, position, pressure, gas, and temperature inside the engine. These sensors are required for safe and efficient operations of powertrains. Emission regulations and stringent fuel-efficiency norms formulated by several governments of different countries are propelling the growth of the market in this segment. Meeting analog information related to temperature and pressure of automobiles for use by their digital control units is critical to meet desired fuel-efficiency and emission regulations. These sensors help vehicle's engines in burning fuel more efficiently by providing precise data to engines to improve the fuel efficiency according to requirements of the vehicles.

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Further key findings from the report suggest

  • LiDAR sensor is the most important sensor for an autonomous vehicle. Self-driving or autonomous vehicles being tested by companies such as Uber, Alphabet, Toyota, and others rely heavily on these types of sensors to locate themselves on the detailed maps they need to get around and to identify things like other vehicles and pedestrians.
  • By the vehicle type, the passenger car segment is expected to retain its dominant position in the ADAS and autonomous driving components market owing to the rising demand for safe and high-performance vehicles in the emerging countries.
  • China is the key country and holds a significant share in the ADAS market in the APAC region. Other countries like South Korea, Japan, and India have also experienced a surge in the installation of automotive sensors and ADAS.
  • In January 2020, TTTech Auto, a leader in autonomous driving (AD) safety software platforms acquired Turkey based Red Pine Software, an expert in ADAS. With this acquisition TTTech Auto expanded its ADAS and Automated Driving series development capacities projects that features its flagship product MotionWise.
  • Key players in the market include Robert Bosch, ZF Friedrichshafen, Denso, Continental AG, Valeo, Magna International, Veoneer, Hyundai Mobis, Aptiv, and Analog Devices., among others.

Get leading market solutions, visit the link below:

https://www.emergenresearch.com/industry-report/adas-and-autonomous-driving-components-market

For the purpose of this report, Emergen Research has segmented the global ADAS and Autonomous Driving Components Market on the basis of System, Vehicle Type, Propulsion, Type, and region:

System Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

    • Adaptive Cruise Control
    • Adaptive Front Light
    • Automatic Emergency Braking
    • Blind Spot Detection
    • Cross Traffic Alert
    • Driver Monitoring System
    • Forward Collision Warning
    • Intelligent Park Assistance
    • Lane Departure Assistance
    • Night Vision System
    • Pedestrian Detection System
    • Road Sign Recognition
    • Traffic Jam Assist
    • Others

Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

    • Passenger Vehicle
  1. Mid-sized car
  2. Sedan
  3. Minivan
  4. Convertible
  5. Crossover
  6. Hatchback
  7. Others

Light Commercial Vehicle (LCV)

  1. Compact
  2. Utility Vehicle
  3. Supermini
  4. Light Truck
  5. Others

Heavy Commercial Vehicle (HCV)

  1. Mobile Truck
  2. Limo
  3. Recreational Vehicle
  4. Towing Truck
  5. Fire Trucks
  6. Others

Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

    • Electric Vehicles
  1. Battery Electric Vehicle
  2. Fuel Cell Electric Vehicle
  3. Hybrid Electric Vehicle
  4. Plug-in Hybrid Electric Vehicle

Gasoline Powered

Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

    • Image Sensor
    • LiDAR Sensor
    • Ultrasonic Sensor
    • Infrared Sensor
    • Radar Sensor
    • Laser
    • Capacitive Sensor
    • Others

Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

    • North America
  1. U.S.
  2. Canada

Europe

  1. UK
  2. Germany
  3. France
  4. BENELUX

Asia Pacific

  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC

Latin America

  1. Brazil
  2. Rest of LATAM

MEA

  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

Find more similar research insights by Emergen Research:

Automotive Adaptive Lighting Market By Product (Halogen Headlight, Xenon Headlight, LED Headlight, Others), By Application (Exterior Lighting, Interior Lighting), By Vehicle Type (Passenger Vehicles, Light Commercial vehicles, Trucks and Buses, Two-wheelers), and By Regions Forecasts to 2027

Automotive Sensors Market By Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), By Propulsion (Electric Vehicles, Gasoline Powered), By Application, and Regions Forecasts to 2027

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Automotive Regenerative Braking Systems Market By Type (Electric Regenerative Braking System, Hydraulic Regenerative Braking System), By Propulsion (BEV, Plug-In HEV, HEV), By Application (Two Wheelers, Passenger Cars, Commercial Vehicles), By Region, Forecasts to 2017-2027

Autonomous Vehicle Market By Component (Camera, LiDAR, Radar, Ultrasonic Sensor), By Application (Civil, Robo taxi, Ride hail and share, Self-driving Bus and Truck) and By Fuel Type (ICE, HEV, BEV) Forecasts to 2027.

Electric Vehicle Charging Infrastructure Market By Infrastructure Provider, By Charging Infrastructure Type, By Charging Level, By Vehicle Type, By Installation Type, By Application, and By Region, Forecasts to 2027

About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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Emergen Research
Web: https://www.emergenresearch.com
E-mail: sales@emergenresearch.com
Read full Press Release at : https://www.emergenresearch.com/press-release/global-adas-and-autonomous-driving-components-market

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