DALLAS, July 6, 2015 /PRNewswire-iReach/ -- ADAS has been one of the fastest-growing sectors in automotive field and is expected to register a CAGR of 32% during 2014-2019. Currently, developed countries in Europe and America have had nearly 8% of new vehicles equipped with ADAS, in contrast to about 2% in emerging markets. It is predicted that over 25% of new vehicles will carry ADAS by 2019 globally.
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The Global and China Advanced Driver Assistance System (ADAS) Industry Report, 2015-2019 spread across 155 pages is now available at http://www.rnrmarketresearch.com/global-and-china-advanced-driver-assistance-system-adas-industry-report-2015-2019-market-report.html .
ADAS consists mainly of sensors, chips (with signal processing and data computing chips as its core), algorithm software, etc. Sensors are usually developed and supplied by system integrators; chips and algorithm software are generally co-developed by semiconductor companies and system integrators, as well as complete vehicle makers when it comes to application in specific models. System integrators not only have the most direct and close relationship with complete vehicle makers, but also are the suppliers of integrated ADAS solutions.
In passenger vehicle field, ADAS integrators are large in number, mostly being large auto parts companies. At present, the leading companies are technologically developing toward combination and integration of active safety with passive safety and integration of multiple ADASs. These integrations, while improving intelligentization and safety, can reduce space used and costs. By region, Continental AG, Delphi and Denso Corporation are system integrators holding the highest market share in Europe, America and Asia, respectively. Globally, Continental AG boasts the largest market share, as well as No. 1 as concerns researchers and capital investment in ADAS and automated driving technology. The world's top 5 system integrators make up more than 65% of market share, with the remaining occupied by Valeo, TRW, Magna, Hella, Panasonic, Gentex, etc.
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Compared with passenger vehicles, the system integrators that are supplying ADAS for commercial vehicles are highly concentrated, with WABCO, Continental AG and Bosch eyeing 60% global market share.
China's ADAS industry is also in rapid development over the years. Some companies backed by colleges, universities and other research institutions have the research and development ability of core algorithm and have received market recognition. At the same time, some traditional auto parts manufacturers represented by INVO Automotive Electronics, Jinzhou Jinheng Automotive Safety System and HiRain Technologiesare flooding into the ADAS market and have realized OEM installation by virtue of resources from the original vehicle manufacturers. In addition, the booming ADAS industry is also favored by capital market, some established or emerging companies such as INVO Automotive Electronics and Forward Innovation Corporation sold partial stake to listed companies. However, the technological gap is still obvious, with a majority of ADAS integration companies deficient of core algorithm or lagged far behind foreign rivals. With most products supplied to independent vehicle factories, it's rather difficult for them to enter the supply chain of joint venture factories at this stage.
2015 Advanced Driver Assistance System (ADAS) Industry Report - Global and Chinese Market Scenario is a professional and in-depth market survey on Global and Chinese Advanced Driver Assistance System (ADAS) industry. The report firstly reviews the basic information of Advanced Driver Assistance System (ADAS) including its classification, application and manufacturing technology. The report then explores global and China's top manufacturers of Advanced Driver Assistance System (ADAS) listing their product specification, capacity, Production value, and market share etc. The report further analyzes quantitatively 2010-2015 global and China's total market of Advanced Driver Assistance System (ADAS) by calculation of main economic parameters of each company. The breakdown data of Advanced Driver Assistance System (ADAS) market are presented by company, by country, and by application. The report also estimates 2015-2020 market development of Advanced Driver Assistance System (ADAS) Industry. The report then analyzes the upstream raw materials, downstream clients, and current market dynamics of Advanced Driver Assistance System (ADAS) Industry. In the end, the report makes some proposals for a new project of Advanced Driver Assistance System (ADAS) Industry and a new project of Advanced Driver Assistance System (ADAS) Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2010-2015 global and China Advanced Driver Assistance System (ADAS) industry covering all important parameters.
The global market for advanced driver assistance systems has grown substantially in recent years, the market size has grown from USD 1.05 billion in 2010 to about 4.3 billion in 2014.
Currently most major ADAS technologies attracting less than 10% penetration rates, but in the near future, park assist system (PAS), lane departure warning system (LDWS) and Blind-Spot Detection (BSD) would be the first three ADAS applications to reach more than 10% penetration rates. In terms of different areas, in 2014 the largest penetration rates of ADAS was still in Europe with a penetration rates around 9.86%. Complete report Research on Global & China Advanced Driver Assist Systems (ADAS) Industry, 2015 is available at http://www.rnrmarketresearch.com/research-on-global-china-advanced-driver-assist-systems-adas-industry2015-market-report.html .
Globally ADAS manufacturers concentrated in Europe, America and Taiwan. Denso, Delphi, Bosch and Continental are the leaders in this market. Leading manufacturers mainly invest in ACC and BSD, and Hella spend the most on BSD. In 2014, Continental ranked 1st in the global ADAS market with a market share over 17%.
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