Advanced Driver Assistance Systems Market By System Type (Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent Parking Assist System (IPAS), Adaptive Cruise Control System, Blind Spot Object Detection System, Lane Departure Warning System, Adaptive Front-lighting System, Others), By Sensor Type (Image Sensor, Lidar Sensor, Ultrasonic Sensor, Infrared (IR) Sensor, Radar Sensor, Laser), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Buses, Trucks): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Advanced Driver Assistance Systems (ADAS) encompasses technologies and systems that aim to enhance vehicle safety and efficiency by assisting drivers. These solutions rely on a combination of sensors, cameras, radars, and other advanced technologies to continuously monitor the vehicle's surroundings, identify potential dangers, and deliver real-time information to the driver.
The Advanced Driver Assistance Systems (ADAS) Market encompasses technologies and systems that aim to enhance vehicle safety and efficiency by assisting drivers. These solutions rely on a combination of sensors, cameras, radars, and other advanced technologies to continuously monitor the vehicle's surroundings, identify potential dangers, and deliver real-time information to the driver.
Vehicle manufacturers recommend the use of adequate air pressure to ensure safety and fuel economy. Air pressure below the recommended level, i.e., under-inflation, could lead to high heat generation resulting in wear & tear, and blowout of tires and loss of control. Tire pressure monitoring system (TPMS) is an electronic system used for monitoring the air pressure in tires. The purpose of the TPMS is to warn the driver in case of high or low tire pressure by illuminating light.
The demand for tires that improve fuel efficiency has increased in recent years. Thus, tire manufacturers have focused on upgrading the existing technologies to improve traction, safety, and mileage. It is crucial to maintain optimum pressure in tires for safe driving, optimal fuel efficiency, and maximizing tire life. TPMS helps to provide greater fuel economy, increases vehicle safety and overall reduces CO2 emissions. For instance, in October 2022, Tymate Tire Pressure Monitoring System launched its new driving safety solutions Tymate M7-3 with 4 sensors. It has a collection of alarm modes such as fast leak alarm, high-temperature alarm, high/low-pressure alarm, and sensor low voltage alarm. This significantly decreases the risk while driving and protects driver against an extensive range of risks.
There are two types of TPMSs used in the industry, namely direct and indirect systems. Direct TPMS have been gaining popularity as compared to indirect TPMS, due to the inability of the latter to cater to requirements postulated in the TREAD act. TPMS plays a vital role in reducing the probability of an accident. The TPMS software and circuitry detect a malfunction within 20 minutes, which is denoted by the indication of malfunction illumination lamp (MIL). A reduction in the cost of resynchronization tools and decreased probability of the sensors to being damaged during mounting/demounting act as key opportunities for the adoption of TPMS in the market. The battery provided with the TPMS sensors is rarely serviceable and requires replacement of the entire sensor when the battery drains out. The addition of replaceable batteries into TPMS is expected to supplement the market growth
The advanced driver assistance systems market is segmented on the basis of system type, sensor type, vehicle type, and region. Based on system type, it is segmented into tire pressure monitoring system (TPMS), drowsiness monitor system, intelligent parking assist system (IPAS), adaptive cruise control system, blind spot object detection system, lane departure warning system, adaptive front-lighting system, and others. On the basis of sensor type, it is classified into image sensors, LiDAR sensors, ultrasonic sensors, infrared (IR) sensors, radar sensors, and lasers. By vehicle type, it is categorized into passenger cars, light commercial vehicles, buses, and trucks. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Autoliv Inc., Continental AG, DENSO Corporation, Magna International Inc., ROBERT BOSCH GMBH, Valeo, NXP Semiconductors, Panasonic Corporation, Renesas Electronics Corporation, and Texas Instruments.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced driver assistance systems market analysis from 2022 to 2032 to identify the prevailing advanced driver assistance systems market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the advanced driver assistance systems market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global advanced driver assistance systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy System TypeTire Pressure Monitoring System (TPMS)
Drowsiness Monitor System
Intelligent Parking Assist System (IPAS)
Adaptive Cruise Control System
Blind Spot Object Detection System
Lane Departure Warning System
Adaptive Front-lighting System
Others
By Sensor TypeUltrasonic Sensor
Infrared (IR) Sensor
Radar Sensor
Laser
Image Sensor
Lidar Sensor
By Vehicle TypePassenger Car
Light Commercial Vehicle
Buses
Trucks
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
NXP Semiconductors
Denso Corporation
Magna International Inc.
AUTOLIV INC.
Renesas Electronics Corporation
Continental AG
Valeo SA
Panasonic Holdings Corporation
Texas Instruments Incorporated
Robert Bosch GmbH
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