Market Revenue Advanced Driver Assistance Systems (ADAS) Industry | Page 2

The Tire Pressure Monitoring System segment is estimated to rule the Advanced Driver Assistance Systems
market in 2018; due to its low cost, which permits aftermarket acceptance by medium and small car owners.
Furthermore, Tire Pressure Monitoring system is followed by adaptive cruise control and anticipated to grow at
a highest CAGR of 19.0% over the forthcoming period, due to stringent government rules for required fixture in
cars manufactured in Europe and U.S.
Advanced Driver Assistance Systems (ADAS) may be explored by component type as Sensors, (Radar, Ultrasonic,
LiDAR, Others), Processor, Software, Others. ADAS relies on sensors and their accuracy. Numerous sensors as
LIDAR, RADAR, ultrasonic, and camera sensors operate together in direction to achieve desired assistance and
safety function. Among various sensor categories, Lidar sensors are anticipated to increase high traction due to
its crucial position in mechanization of vehicles.
In addition, the ADAS processors are expected to witness high development over the forecast period. The
development can be ascribed to the composite procedures of the ADAS functionality. Corporations such as Intel
company are working on the ECU alliance in order to lessen the amount of ECU mainly used for each purpose
distinctly. Advanced Driver Assistance Systems (ADAS) may be explored by Interior design as Commercial
vehicle, Passenger car, Heavy commercial vehicle, Light commercial vehicle.
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North America has been at the forefront with regards to Advanced Driver Assistance Systems (ADAS) Market
share and will continue to rule the roost in the years to come. North America ruled the overall advanced driver
assistance system with 34% share in 2016; followed by Asia-Pacific. In addition, increase in demand for
progressive driver protection organizations in the developing countries as India due to high rate of road
accidents and growing sales of high-end cars would drive the APAC’s Advanced Driver Assistance Systems
market in the years to come. European region is anticipated to observe small fall in share, due to marketplace
saturation with the existing Advanced Driver Assistance systems functionalities.
Some of the key players that fuel the growth of the Advanced Driver Assistance Systems (ADAS) Industry size
include Renesas Electronics Corporation, Magna International Inc., Autoliv Inc., Robert Bosch GmbH, Texas
Instruments, Valeo, Denso Corporation, Panasonic Corporation, NXP Semiconductor, and Continental AG. The
key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Market Segment: