This market intelligence report provides a multidimensional view of the global ADAS driving components market in terms of market size and growth potential. This research report aims at answering various aspects of the global ADAS 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 automation.
Among all the components, a major contributor towards the market in 2020 was radar and it accounted for 37.5% share in 2020 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 2020. Whereas, North America is expected to grow at the highest CAGR during the forecast period.
Global ADAS Device/Components market size will reach 58900 million US$ by 2026, from 4330 million US$ in 2020, at a CAGR of 38.6% during the forecast period. In this study, 2020 has been considered as the base year and 2021-2026 as the forecast period to estimate the market size for ADAS Device/Components.
This report covers the present status and the future prospects of the global ADAS Device/Components market for 2015-2026.
The report offers detailed coverage of ADAS Device/Components industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading ADAS Device/Components by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
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), Analog Devices, Inc. (the U.S)
Market Segment as follows:
Market by Order Type
Camera
Radar
LiDAR
Ultrasonic sensor
ECUs
ADAS Device/Components Breakdown Data by Application
Passenger cars
Commercial vehicles
ADAS Device/Components market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the ADAS Device/Components market for the forecast period 2021 - 2026?
• What are the driving forces in the ADAS Device/Components market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the ADAS Device/Components industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.