Dublin, Jan. 10, 2018 (GLOBE NEWSWIRE) -- The "Global ADAS and Autonomous Driving Components Market, Analysis & Forecast - 2017-2026" report has been added to Research and Markets' offering.
The global ADAS and autonomous driving components market generated $2.76 billion in 2016
The global ADAS and autonomous driving components market is largely driven by increase in the number of automated vehicles. In addition, stringent laws imposed by federal authorities mandating the use of autonomous systems in order to improve road safety and congestion are expected to drive the market at rapid pace. However, factors such as high sticker price of these components may limit the customer pool.
Furthermore, high risk associated with the usage of autonomous vehicles and security concern's towards vehicle data are challenges to be overcome for the growth of the market. On the other hand, the ADAS and autonomous driving components market offers extensive opportunities for the players in the semiconductor domain and due to lack of efficient sensors for autonomous vehicles, there are opportunities for the players to strengthen their market position.
Radar held the maximum market share in 2016, due to its extensive usage in parking assist, adaptive cruise control and blindspot detection system in both passenger cars and commercial vehicles. However, LiDARs are still under the testing phase, but because of their high functionality, the market of LiDARs is expected to grow exponentially during the forecast period.
In 2016, components market for level 1 automation held the maximum share. However, in the coming years, a shift in the market dominance may be witnessed, wherein, market for level 2 automated system components is anticipated to dominate the market by 2026. Increase in market penetration rate of higher level of automation (level 3, 4 and 5) in vehicles owing to the rise in concern towards driver safety will drive the components market for higher automation level at a rapid pace in the forecast period.
ADAS and autonomous driving components market for passenger cars dominated the total market revenue in 2016 due to the high market penetration rate of autonomous system in passenger cars and lesser integration complexities as compared to the commercial vehicles. At the same time, the market for the commercial vehicles is expected to increase at a rapid pace, due to the focus of federal organizations such as European Commission, and Ministry of Land, Infrastructure, Transport and Tourism (MLIT) on decreasing road accidents and mandating ADAS features in commercial vehicles.
The report also covers the global ADAS and autonomous driving market by geography and consequently provides the revenue of the key regions which include North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and Latin America. Due to the presence of several key automotive OEMs and sensor components manufacturers, Europe held the maximum market share for the year 2016. This market dominance is expected to follow during the forecast period. On the other hand, the market for North America is anticipated to grow at the highest pace and is expected to hold the second largest market share by 2026.
Some of the key players in the ADAS and autonomous driving components market are ZF Friedrichshafen AG (Germany), Velodyne LiDAR (the U.S.), Magna International Inc. (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), and Analog Devices, Inc. (the U.S.). These companies are aiming for a wider range of product portfolio and collaborations in order to enhance the performance and quality of the components of autonomous systems.
Key Topics Covered:
Executive Summary
1 Research Scope & Methodology
1.1 Report Scope
1.2 ADAS and Autonomous Driving Components Market Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Impact of Market Drivers
2.1.2 Increasing Road Safety
2.1.3 Rapidly Increasing Number of Automated Vehicles
2.1.4 Reduction in Road Congestion
2.1.5 Growing Demand for LiDAR Sensors
2.2 Market Challenges
2.2.1 Impact of Market Challenges
2.2.2 High Price of ADAS and Autonomous Driving Components
2.2.3 High Risks Associated with Autonomous Components
2.2.4 Security Concern Towards Vehicle's Data
2.3 Market Opportunities
2.3.1 Increasing Adoption of Autonomous Components Among Different Levels of Automation
2.3.2 High Anticipated Growth Rate for Component Manufacturers
2.3.3 High Potential Growth for Semi-Conductor Companies in the Automotive Industry
2.3.4 Growing Demand for Miniaturized Micro-Electro-Mechanical Systems (MEMS) Sensors in LiDAR Market
3 Competitive Landscape
3.1 Introduction
3.1.1 Product Launches
3.1.2 Mergers and Acquisitions
3.1.3 Partnerships, Collaborations & Joint Ventures
3.1.4 Business Expansions
3.1.5 Others (Events, Awards, and Achievements)
3.2 Value Chain Analysis
3.3 Market Share Analysis
3.4 Technology Analysis
3.5 Patent Analysis
4 Global ADAS and Autonomous Driving Components Market by Region Analysis and Forecast
4.1 Assumptions & Limitations for Market Size Calculations
4.2 Technology Road Map
4.3 Market Overview
5 Global ADAS and Autonomous Driving Components Market by Component Type
5.1 Camera
5.2 Radar
5.3 Ultrasonic Sensors
5.4 LiDAR
5.4.1 Mechanical Automotive LiDAR
5.4.2 Solid State Automotive LiDAR
5.5 Electronic Control Units (ECUs)
6 Global ADAS and Autonomous Driving Components Market by Level of Automation
6.1 Level 1 (Advanced Driving Assist Systems-ADAS)
6.2 Level 2 (Partial Automation)
6.3 Level 3 (Conditional Automation)
6.4 Level 4 (High Automation)
6.5 Level 5 (Full Automation)
7 Global ADAS and Autonomous Driving Components Market by Vehicle Type
7.1 Passenger Cars
7.2 Commercial Vehicles
7.2.1 Light Commercial Vehicles (LCVs)
7.2.2 Heavy Trucks
7.2.3 Heavy Buses
8 Global ADAS and Autonomous Driving Components Market by Region
9 Company Profiles
- Analog Devices Inc.
- Autoliv Inc.
- Continental AG
- DENSO Corporation
- Delphi Automotive PLC
- IBEO Automotive Systems GmbH
- Infineon Technologies AG
- Intel Corporation
- LeddarTech
- Magna International Inc.
- Murata Manufacturing Co. Ltd.
- NVIDIA Corporation
- NXP Semiconductors NV
- Qualcomm Inc.
- Quanergy Systems Inc.
For more information about this report visit https://www.researchandmarkets.com/research/cbhjmk/global_2_76?w=12
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Related Topics: Automotive
