Driver Assistance System Market Research Report - Global Forecast to 2027

Global Driver Assistance System Market Research Information By Type (Adaptive Cruise Control (ACC), Lane Departure Warning System (LDWS), Driver Intelligent Park Assist System (IPAS), Drowsiness System, Blind Spot Detection (BSD) System, Night Vision, Tire Pressure Monitoring System (TPMS), Adaptive Front Lighting, Global Positioning System, Others), By Technology (Ultrasonic Sensor, Image Sensor, Radar Sensor, Others) and By Region (North America, Europe, Asia Pacific, RoW) - Forecast till 2027

ID: MRFR/SEM/0310-CR | July, 2019 | Region : Bric

Market Overview


Global Driver Assistance System Market is projected to reach USD 112.69 Billion by 2027, growing at 22.90% CAGR during the forecast period. In 2016, the DAS market was valued at USD 11.66 Billion. 


The driver assistance system industry is in the embryonic stage and evolving at a substantial rate. The DAS market is dependent on demand trends of the automobile industry in terms of safety regulations, buyer's preferences, and lifestyle. The driver assistance system plays an essential role in reducing the rate of road accidents or casualties while taking care of pedestrian safety.


Resultantly, driver assistance systems witness colossal traction across the globe. Besides, continually rising economic growth worldwide, along with the increasing demand for premium passenger cars and rising vehicle & driver safety concerns, drive the market growth. The introduction of safety & environmental regulations will also help the driver assistance industry grow over the forecasted period.


Over recent years, driver assistance systems have gained significant market prominence, and hence, the demand for its different types is increasing. This trend is estimated to continue for the next seven years. Various governmental approaches towards automobile, driver, and passenger safety have imposed many regulations, mandating automakers to deliver vehicles with safety features installed. 


Other factors supporting the growth of the global driver assistance system market are the range of advantages offered by driver assistance system types, regulations mandating driver assistance systems, and improving economic status globally. Driver assistance systems help drivers monitoring, warning, braking & steering, and others using technologies such as human machine interface (HMI), mobile security, telematics, and others.


Automated driving and collaborative driving integrated with intelligent transportation systems (ITS), vehicle control, and vehicle to everything communications (V2X), among others, are expected to grow in popularity over the next decade. Resultantly, driver assistance systems would play an increasing role in reducing vehicle accidents, delivering quick warnings for obstacles approach and hazards such as pedestrians, lane changes, and short braking distances.


COVID-19 Analysis


COVID 19 hit the overall automotive industry, forcing automakers to reduce the output at their production plants. The disruption caused by the epidemic at key suppliers prompted various passenger car brands to cut back production in some areas. They were working very intensively on countermeasures and alternatives in order to minimize the impact. 


However, luxury vehicle manufacturers and dealers have shifted their focus from the offline lead generation model to online sales. This initiative to engage with prospective buyers through digital channels proves to be a game-changer to the market growth. Despite the coronavirus crises continue, the demand for luxury vehicles is returning to normal, and subsequently, the DAS market is too picking up gradually.


Market Dynamics


Increasing Interest towards Vehicle Automation to Drive the DAS Market


As roads are becoming busier day by day, driving risks are increasing too. This is increasing the preference for driver assistance systems among people. As a result of the proliferating popularity of DAS, automotive players are increasingly getting interested in vehicle automation. They are continually investing in advanced technological innovations. Also, the high demand for vehicles equipped with driver assistance systems fuel the expansion of the global driver assistance system market.


Additionally, the rise in demand for next-generation driving assistance systems with a safe human-machine interface to minimize human errors and avoid road casualties drives the growth of the DAS market. The incorporation of advanced technologies in the development of DAS and the improving economy worldwide are the key factors driving market growth. Advances in various data sources such as automotive imaging, LiDAR, radar, and image processing, among others, foster market growth.  



  • Restraints


High Installation and Maintenance Cost to Impede the Market Growth


Despite the high growth prospects, the DAS market still witnesses significant push back. High installation and maintenance costs of driver assistance systems restrict market sales. Also, growing incidences of software failures in sensors are posing major challenges in driving assistance system's adoption.


Also, increased mental under load, fatigue, and reaction times, amongst others, about safety risks associated with the role changing from driver to the operator in hands-off assistance systems would present restrictions for the market growth.



  • Cumulative Growth Analysis


 According to the AAA Foundation for Traffic Safety, advanced truck safety technologies, including video-based onboard safety monitoring systems, lane-departure warning systems, automatic emergency braking, and air disc brakes, have the potential to minimize the rate of truck-related collisions a year.


In another development, representatives from the automotive industry have proposed, at the UNECE, to regulate Level 2 hands-off lane-keeping assistance systems, aiming to keep the vehicle in the driving lane without requiring drivers to use their hands on the steering wheel. Also, the rising governmental focus on driver training to transition to autonomous vehicles would promote DAS features.


Segment Overview


The market report is segmented on the basis of types, technology, and regions.


Based on type, the market has been segmented into adaptive cruise control (ACC), intelligent park assist system (IPAS), lane departure warning system (LDWS), driver drowsiness system, blind-spot detection (BSD) system, tire pressure monitoring system (TPMS), night vision, global positioning system, adaptive front lighting, and others. 


Among these, the ACC segment accounts for the largest market share. The driver drowsiness system segment accounts for the second-largest segment, which is projected to grow further at 27.69% CAGR during the forecast period. On the other hand, the IPAS segment accounted for USD 1828 million in 2018, and it is expected to post an impressive CAGR during the assessment period.


Segments 


For the scope of the research, the report is segmented into,



  • By Type 

    • Adaptive Cruise Control (ACC)

    • Lane Departure Warning System (LDWS) 

    • Driver Intelligent Park Assist System (IPAS)

    • Drowsiness System

    • Blind Spot Detection (BSD) System 

    • Night Vision 

    • Tire Pressure Monitoring System (TPMS) 

    • Adaptive Front Lighting, Global Positioning System 

    • Others





  • By Technology 

    • Ultrasonic Sensor

    • Image Sensor

    • Radar Sensor

    • Others [Sensors (Lidar Sensors and IR Sensors)





  • By Region 

    • North America

    • Europe

    • Asia Pacific

    • Rest of the World (RoW)




Regional Analysis


APAC leads the Global Driver Assistance System Market


The Asia Pacific region dominates the global driver assistance system market, majorly due to the rapidly flourishing luxury vehicle market and increasing vehicle production. Besides, increasing awareness of the advantages of vehicle and driver safety systems impacts market growth positively. The APAC luxury vehicle market is anticipated to grow rapidly during the forecast period.


Developing economies, such as Japan, China, South Korea, and India, account for the largest market share due to the proliferating luxury vehicle demand and improving the lifestyle of the population in this region. Moreover, the well-established automobile industry in this region creates substantial opportunities for market players. Furthermore, increasing vehicle maintenance costs and safety concerns influence regional market growth.


With the mandatory regulations in the region for using certain driver assistance systems, Europe is estimated to exponentially drive the global driver assistance system market during the forecast period. Additionally, the large presence of luxury car manufacturers in this region boosts the growth of the market. 


Also, the increasing demand for technologically advanced vehicles and stringent passenger and vehicle safety regulations in this region creates substantial demand. The driver assistance system market in the European region is anticipated to grow significantly during the assessment period.


Competitive Landscape


Highly competitive, the driver assistance system market appears fragmented with the presence of several notable industry players. These players initiate strategic moves such as mergers & acquisitions, collaboration, innovation, and brand reinforcement to gain a larger competitive share.


List of Key Companies covered in this report



  • Gentex Corporation (US)

  • Delphi Automotive Plc. (UK)

  • Autoliv Inc. (Sweden)

  • Hitachi Ltd (Japan)

  • Continental AG (Germany)

  • Magna International (Canada)

  • Hella Kgaa Hueck & Co. (Germany)

  • Robert Bosch Gmbh (Germany)

  • Texas Instruments Inc. (US)

  • Renesas Electronics Corporation (Japan)


Recent Developments 


Dec.18, 2020 ---- Hitachi Automotive Systems, Ltd. (Japan), announced that its stereo camera, with lane keep assist & nighttime pedestrian detection features, has been adopted by Suzuki Motor Corporation for their mini passenger vehicle with enhanced safety features –XBEE, launched in October 2020.


In Japan, the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) and Ministry of Economy, Trade, and Industry (METI) are promoting widespread use of DAS domestically and plan to make mandatory regulations for all new passenger vehicles to have collision avoidance brakes from 2021. In the wake of Japan's Ministry regulations, Hitachi's advanced ADAS technologies are expected to witness vast consumer demand.


Dec.17, 2020 ---- LeddarTech, a global leader in Level 1-5 advanced driver assistance systems (ADAS) and automated driving (AD) sensing technology, announced a strengthened collaboration with Renesas by joining the R-Car Consortium. With the collaboration, partners would drive the development and promotion of an automotive ADAS reference platform.


The new platform combines LeddarTech's industry-leading raw data sensor fusion stack and LiDAR technology with Renesas' newly launched R-Car V3U, a best-in-class ASIL D system-on-chip (SoC) for ADAS and AD systems.


Nov. 21, 2020 ---- Luminar Technologies, the self-driving sensor startup, announced that it would supply laser-based lidar sensors for a test fleet of self-driving vehicles launched by Intel Corp's subsidiary, Mobileye, one of the world's largest suppliers of camera-based sensors used in ADAS. Mobileye is also developing high-definition maps for automated vehicles.


Dec.09, 2020 ---- GMC Sierra announced that the latest version of feature Super Cruise hands-free driver assistance technology would be available on the GMC Sierra 1500 Denali late in the 2022 model year. Super Cruise1 driver assistance technology, including the introduction of the ability to trailer while driving hands free is the industry's first true hands-free driver assistance system. 

1 Report Excerpt

1.1 Asia-Pacific Fastest Growing Market

1.2 Park Assist System Trending at a High Rate

1.3 Ultrasonic and Image Sensor: Technology of Today and Tomorrow

2 Global Driver Assistance System Market: Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

3 Global Driver Assistance System Market: Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Global Driver Assistance System Market: Market Dynamics

4.1 Drivers

4.1.1 Regulations Mandating Driver Assistance Systems

4.1.2 Wide Range of Advantages Offered by Driver Assistance System Types

4.1.3 Economic Status, Buyer’s Preferences and Competition in Automobile Manufacturers

4.2 Restraints

4.2.1 Complex and Expensive Features

4.2.2 Requirement of Sophisticated Maintenance

4.3 Opportunities

4.3.1 Diverse Scope of Improvement and Advancement

4.3.2 Emerging High End Vehicles Market In Developing Countries

5 Global Driver Assistance System Market: Market Factor Analysis

5.1 Value Chain Analysis

5.2 Porters Five Forces

5.2.1 Threat of New Entrants

5.2.2 Supplier’s Power

5.2.3 Threat of Substitutes

5.2.4 Buyer’s Power

5.2.5 Degree of Competition

6 Global Driver Assistance System Market: Market Value & Volume Forecast (2020-2027) ($ Billion)

6.1 Y-O-Y Growth Projections

7 Global Driver Assistance System Market: By Types

7.1 Introduction

7.2 Market Size (Sub Segments)

7.2.1 Adaptive Cruise Control (ACC)

7.2.2 Lane Departure Warning (LDW) System

7.2.3 Park Assist

7.2.4 Drowsiness Monitoring System

7.2.5 Blind Spot Detection (BSD) System

7.2.6 Night Vision

7.2.7 Tire Pressure Monitoring System (TPMS)

7.2.8 Adaptive Front Lighting

7.2.9 GPS Navigation system

7.2.10 Other

8 Global Driver Assistance System Market, by Region

8.1 Introduction

8.2 North America

8.2.1 US

8.2.2 Mexico

8.2.3 Canada

8.3 Europe

8.4 Asia-Pacific

8.4.1 China

8.4.2 Japan

8.4.3 South Korea

8.4.4 India

8.5 Rest of the World (ROW)

8.5.1 Brazil

8.5.2 Russia

9 Global Driver Assistance System Market: By Technologies

9.1 Introduction

9.2 Market size (sub segments)

9.2.1 Ultrasonic Sensors

9.2.2 Image Sensors

9.2.3 RADAR Sensors

9.2.4 Other Sensors

10 Global Driver Assistance System Market: Competitive landscape

10.1 Introduction

10.2 Industry growth strategies

11 Global Driver Assistance System Market: Company Profiles

11.1 Aisin Seiki co. Ltd

11.1.1 Company overview

11.1.2 Product/business segment overview

11.1.3 Financial updates

11.1.4 Key Strategy & Developments

11.2 Autoliv Inc.

11.2.1 Company overview

11.2.2 Product/business segment overview

11.2.3 Financial updates

11.2.4 Key Strategy & Developments

11.3 Continental AG

11.3.1 Company overview

11.3.2 Product/business segment overview

11.3.3 Financial updates

11.3.4 Key Strategy & Developments

11.4 Delphi Automotive PLC

11.4.1 Company overview

11.4.2 Product/business segment overview

11.4.3 Financial updates

11.4.4 Key Strategy & Developments

11.5 Denso Corporation

11.5.1 Company overview

11.5.2 Product/business segment overview

11.5.3 Financial updates

11.5.4 Key Strategy & Developments

11.6 Freescale Semiconductor Inc.

11.6.1 Company overview

11.6.2 Product/business segment overview

11.6.3 Financial updates

11.6.4 Key Strategy & Development

11.7 Gentex Corporation

11.8 Company overview

11.8.1 Product/business segment overview

11.8.2 Financial updates

11.8.3 Key Strategy & Developments

11.9 Hella Kgaa Hueck & Co.

11.9.1 Company overview

11.9.2 Product/business segment overview

11.9.3 Financial updates

11.9.4 Key Strategy & developments

11.10 Hitachi Ltd

11.10.1 Company overview

11.10.2 Product/business segment overview

11.10.3 Financial updates

11.10.4 Key Strategy & Developments

11.11 AGNA INTERNATIONAL

11.11.1 Company overview

11.11.2 Product/business segment overview

11.11.3 Financial updates

11.11.4 Key Strategy & Developments

11.12 ROBERT BOSCH GmbH

11.12.1 Company overview

11.12.2 Product/business segment overview

11.12.3 Financial updates

11.12.4 Key Strategy & Developments

12 MRFR CONSLUSION

13 List of Tables

TABLE 1 Market Factor analysis

TABLE 2 Global Driver Assistance System Market, Y-O-Y Growth Projections 2020-2027, ($ Billion)

TABLE 3 GLOBAL Driver Assistance System Market, by Types 2020-2027, ($ Million)

TABLE 4 ACC Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 5 LDWS Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 6 Park Assist Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 7 Drowsiness Monitoring Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 8 Blind Spot Detection Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 9 Night Vision Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 10 TPMS Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 11 Adaptive Front Lighting Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 12 GPS Navigation Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 13 Global Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 14 North America: Driver Assistance System Market, by Country 2020-2027, ($ Million)

TABLE 15 Europe: Driver Assistance System Market, by Country 2020-2027, ($ Million)

TABLE 16 Asia-Pacific: Driver Assistance System Market, by Country 2020-2027, ($ Million)

TABLE 17 Driver Assistance Systems Types with Possible Sensor Technologies

TABLE 18 Driver Assistance Systems: Advantages & Disadvantages of Sensors

TABLE 19 Global Driver Assistance System Market, by Technology 2020-2027, ($ Million)

TABLE 20 Ultrasonic Sensors Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 21 Radar Sensors Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 22 Others (Lidar sensors and IR sensors) Driver Assistance System Market, by Region 2020-2027, ($ Million)

TABLE 23 Mergers & Acquisitions, 2020-2027

TABLE 24 New Product Launches/Product Development/R&D, 2020-2027

TABLE 25 Agreements, Partnerships, Collaborations, Joint Ventures & Contracts (2020-2027)

TABLE 26 Aisin Seiki: Financials

TABLE 27 Aisin Seiki: Developments

TABLE 28 Autoliv Inc: Product Description

TABLE 29 Autoliv Inc.: Financials

TABLE 30 Autoliv Inc.: Developments

TABLE 31 Continental AG.: Product Description

TABLE 32 Continental AG: Financials

TABLE 33 Delphi automotive PLC: Product Description

TABLE 34 Delphi automotive PLC: Financials

TABLE 35 Delphi automotive PLC.: Developments

TABLE 36 Denso Corporation: Product Description

TABLE 37 Denso Corporation: Financials

TABLE 38 Denso Corporation: Developments

TABLE 39 Freescale: Product & Applications

TABLE 40 Freescale: Financials

TABLE 41 Freescale: Developments

TABLE 42 Gentex: Product Line and Related Products

TABLE 43 Gentex: Financials

TABLE 44 Gentex: Developments

TABLE 45 Hella KGAA: Product Description

TABLE 46 Hella KGAA: Financials

TABLE 47 Hella KGAA: Development

TABLE 48 Hitachi: Financials

TABLE 49 Hitachi: Developments

TABLE 50 Magna international: Financials

TABLE 51 Magna international: Developments

TABLE 52 Robert Bosch: Product Description

TABLE 53 Robert Bosch: Financials

TABLE 54 Robert Bosch: Developments

14 List of Figures

FIGURE 1 Research Process

FIGURE 2 Driver Assistance System Market Forecast Indicators

FIGURE 3 Driver Assistance System Market Growth Drivers

FIGURE 4 Driver Assistance System: Value Chain Analysis

FIGURE 5 Driver Assistance System: Porter’s Five Forces Analysis

FIGURE 6 Global Driver Assistance System Market 2020-2027, ($ Million)

FIGURE 7 Global Driver Assistance System Market, by Types 2020-2027, ($ Million)

FIGURE 8 Working Stages in Adaptive Cruise Control

FIGURE 9 Functioning of Lane Departure Warning System

FIGURE 10 Operational Park Assist System

FIGURE 11 Functioning of Drowsiness Monitoring

Figure 12 Functioning of Blind Spot Detection

FIGURE 13 Driver Assistance System Market: Global Market Share

FIGURE 14 Driver Assistance System Market: Global Market by Region

FIGURE 15 Driver Assistance System Market: North America Market Share

FIGURE 16 Driver Assistance System Market: North America Market

FIGURE 17 Driver Assistance System Market: Europe Market Share

FIGURE 18 Driver Assistance System Market: North America Market

FIGURE 19 Driver Assistance System Market: Asia-Pacific Market Share

FIGURE 20 Driver Assistance System Market: Asia-Pacific Market

FIGURE 21 Sensors in Driver Assistance Systems & Its Average Effective Range

FIGURE 22 Driver Assistance System Market: by Technologies

FIGURE 23 Image Sensors Driver Assistance System Market, by Region 2020-2027, ($ Million)

FIGURE 24 Continental AG: Developments

Driver Assistance System Market