NEW YORK, Oct. 10, 2022 /PRNewswire/ — ADAS automate, adapt, and enhance vehicle systems for safety and better driving. ADAS works based on the inputs from sensors, the data which is processed by the ADAS computer to take suitable actions. Lane keeps assist, collision avoidance system, blind spot detection, park assist system, and others form part of ADAS.
The Commercial Vehicle ADAS Market size is expected to grow by USD 1.65 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 10.25% during the forecast period.
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Frequently Asked Questions:
Based on segmentation by Technology, which is the leading segment in the market?
The commercial vehicle ADAS market share growth by the TPMS segment will be significant during the forecast period
What are the major trends in the market?
The emergence of new business opportunities, automotive vision systems, HMI, connectivity, and sensor technology, and maturing autonomous vehicle concepts are some of the major trends driving the market growth during the forecast period.
At what rate is the market projected to grow?
The market is projected to grow by USD 1.65 billion from 2021 to 2026.
Who are the top players in the market?
Aptiv Plc, Autoliv Inc., Continental AG, Denso Corp., Gentex Corp., Harman International Industries Inc., Hyundai Motor Co, Intel Corp., Knorr Bremse AG, Magna International Inc., Mobileye Technologies Ltd., Panasonic Corp, Renesas Electronics Corp, Robert Bosch GmbH, Sensata Technologies Inc, Tata Motors Ltd, Valeo SA, and ZF Friedrichshafen AG are some of the major market participants.
What are the key market drivers and challenges?
The introduction of sensor technology is one of the key drivers supporting the commercial vehicle advanced driver assistance system market growth. However, the potential negative impact of existing regulations is one of the factors hampering the commercial vehicle advanced driver assistance system market growth.
How big is the APAC market?
32% of the market’s growth will originate from APAC during the forecast period.
Commercial Vehicle ADAS Market 2022-2026: Scope
Commercial Vehicle ADAS Market 2022-2026: Driver and Challenge
Market Driver: The emergence of new business opportunities is one of the key commercial vehicle advanced driver assistance system market trends contributing to the market growth. Increased use of ADAS, which will eventually lead to autonomous vehicles and connected commercial vehicles, will give rise to a huge amount of digital data. This paves the way for more proactive corrections than those undertaken at a later stage, which often results in heavy callbacks, higher warranty claims and costs, and a loss of brand reputation.
Market Challenge: The potential negative impact of existing regulations is one of the factors hampering the commercial vehicle advanced driver assistance system market growth. Safety is one of the biggest concerns that is challenging the connected and automated commercial vehicle technology. Users cite that even Google’s self-driving cars are not fully accident-proof. Therefore, the lack of safety guidelines to certify a new technology as safe enough may cause apprehensions among potential buyers.
Commercial Vehicle ADAS Market 2022-2026: Segmentation
Technology
TPMS
PAS
FCW
Others
Application
Geography
North America
Europe
APAC
Middle East and Africa
South America
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Commercial Vehicle ADAS Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist commercial vehicle ADAS market growth during the next five years
Estimation of the commercial vehicle ADAS market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the commercial vehicle ADAS market across North America, Europe, APAC, Middle East and Africa, and South America
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial vehicle ADAS market vendors
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Auto Parts Market by Product and Geography – Forecast and Analysis 2022-2026
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Commercial Vehicle ADAS Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.25% |
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Market growth 2022-2026 |
USD 1.65 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
8.37 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 32% |
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Key consumer countries |
US, Canada, China, Germany, and Spain |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Aptiv Plc, Autoliv Inc., Continental AG, Denso Corp., Gentex Corp., Harman International Industries Inc., Hyundai Motor Co, Intel Corp., Knorr Bremse AG, Magna International Inc., Mobileye Technologies Ltd., Panasonic Corp, Renesas Electronics Corp, Robert Bosch GmbH, Sensata Technologies Inc, Tata Motors Ltd, Valeo SA, and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 18: Five forces analysis – Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Technology
5.1 Market segments
Exhibit 25: Chart on Technology – Market share 2021-2026 (%)
Exhibit 26: Data Table on Technology – Market share 2021-2026 (%)
5.2 Comparison by Technology
Exhibit 27: Chart on Comparison by Technology
Exhibit 28: Data Table on Comparison by Technology
5.3 TPMS – Market size and forecast 2021-2026
Exhibit 29: Chart on TPMS – Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on TPMS – Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on TPMS – Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on TPMS – Year-over-year growth 2021-2026 (%)
5.4 PAS – Market size and forecast 2021-2026
Exhibit 33: Chart on PAS – Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on PAS – Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on PAS – Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on PAS – Year-over-year growth 2021-2026 (%)
5.5 FCW – Market size and forecast 2021-2026
Exhibit 37: Chart on FCW – Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on FCW – Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on FCW – Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on FCW – Year-over-year growth 2021-2026 (%)
5.6 Others – Market size and forecast 2021-2026
Exhibit 41: Chart on Others – Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Others – Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Others – Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Others – Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Technology
Exhibit 45: Market opportunity by Technology ($ million)
6 Market Segmentation by Application
6.1 Market segments
Exhibit 46: Chart on Application – Market share 2021-2026 (%)
Exhibit 47: Data Table on Application – Market share 2021-2026 (%)
6.2 Comparison by Application
Exhibit 48: Chart on Comparison by Application
Exhibit 49: Data Table on Comparison by Application
6.3 LCV – Market size and forecast 2021-2026
Exhibit 50: Chart on LCV – Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on LCV – Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on LCV – Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on LCV – Year-over-year growth 2021-2026 (%)
6.4 HCV – Market size and forecast 2021-2026
Exhibit 54: Chart on HCV – Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on HCV – Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on HCV – Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on HCV – Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Application
Exhibit 58: Market opportunity by Application ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 60: Chart on Market share by geography 2021-2026 (%)
Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
8.2 Geographic comparison
Exhibit 62: Chart on Geographic comparison
Exhibit 63: Data Table on Geographic comparison
8.3 North America – Market size and forecast 2021-2026
Exhibit 64: Chart on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on North America – Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on North America – Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on North America – Year-over-year growth 2021-2026 (%)
8.4 Europe – Market size and forecast 2021-2026
Exhibit 68: Chart on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on Europe – Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026 (%)
8.5 APAC – Market size and forecast 2021-2026
Exhibit 72: Chart on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on APAC – Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on APAC – Year-over-year growth 2021-2026 (%)
8.6 Middle East and Africa – Market size and forecast 2021-2026
Exhibit 76: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
8.7 South America – Market size and forecast 2021-2026
Exhibit 80: Chart on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on South America – Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on South America – Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on South America – Year-over-year growth 2021-2026 (%)
8.8 US – Market size and forecast 2021-2026
Exhibit 84: Chart on US – Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on US – Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on US – Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on US – Year-over-year growth 2021-2026 (%)
8.9 China – Market size and forecast 2021-2026
Exhibit 88: Chart on China – Market size and forecast 2021-2026 ($ million)
Exhibit 89: Data Table on China – Market size and forecast 2021-2026 ($ million)
Exhibit 90: Chart on China – Year-over-year growth 2021-2026 (%)
Exhibit 91: Data Table on China – Year-over-year growth 2021-2026 (%)
8.10 Germany – Market size and forecast 2021-2026
Exhibit 92: Chart on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 93: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
Exhibit 94: Chart on Germany – Year-over-year growth 2021-2026 (%)
Exhibit 95: Data Table on Germany – Year-over-year growth 2021-2026 (%)
8.11 Spain – Market size and forecast 2021-2026
Exhibit 96: Chart on Spain – Market size and forecast 2021-2026 ($ million)
Exhibit 97: Data Table on Spain – Market size and forecast 2021-2026 ($ million)
Exhibit 98: Chart on Spain – Year-over-year growth 2021-2026 (%)
Exhibit 99: Data Table on Spain – Year-over-year growth 2021-2026 (%)
8.12 Canada – Market size and forecast 2021-2026
Exhibit 100: Chart on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 101: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
Exhibit 102: Chart on Canada – Year-over-year growth 2021-2026 (%)
Exhibit 103: Data Table on Canada – Year-over-year growth 2021-2026 (%)
8.13 Market opportunity by geography
Exhibit 104: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
10.4 Industry risks
Exhibit 108: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 109: Vendors covered
11.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
11.3 Aptiv Plc
Exhibit 111: Aptiv Plc – Overview
Exhibit 112: Aptiv Plc – Business segments
Exhibit 113: Aptiv Plc – Key news
Exhibit 114: Aptiv Plc – Key offerings
Exhibit 115: Aptiv Plc – Segment focus
11.4 Autoliv Inc.
Exhibit 116: Autoliv Inc. – Overview
Exhibit 117: Autoliv Inc. – Business segments
Exhibit 118: Autoliv Inc. – Key news
Exhibit 119: Autoliv Inc. – Key offerings
Exhibit 120: Autoliv Inc. – Segment focus
11.5 Continental AG
Exhibit 121: Continental AG – Overview
Exhibit 122: Continental AG – Business segments
Exhibit 123: Continental AG – Key news
Exhibit 124: Continental AG – Key offerings
Exhibit 125: Continental AG – Segment focus
11.6 Denso Corp.
Exhibit 126: Denso Corp. – Overview
Exhibit 127: Denso Corp. – Business segments
Exhibit 128: Denso Corp. – Key news
Exhibit 129: Denso Corp. – Key offerings
Exhibit 130: Denso Corp. – Segment focus
11.7 Gentex Corp.
Exhibit 131: Gentex Corp. – Overview
Exhibit 132: Gentex Corp. – Business segments
Exhibit 133: Gentex Corp. – Key news
Exhibit 134: Gentex Corp. – Key offerings
Exhibit 135: Gentex Corp. – Segment focus
11.8 Intel Corp.
Exhibit 136: Intel Corp. – Overview
Exhibit 137: Intel Corp. – Business segments
Exhibit 138: Intel Corp. – Key news
Exhibit 139: Intel Corp. – Key offerings
Exhibit 140: Intel Corp. – Segment focus
11.9 Magna International Inc.
Exhibit 141: Magna International Inc. – Overview
Exhibit 142: Magna International Inc. – Business segments
Exhibit 143: Magna International Inc. – Key news
Exhibit 144: Magna International Inc. – Key offerings
Exhibit 145: Magna International Inc. – Segment focus
11.10 Robert Bosch GmbH
Exhibit 146: Robert Bosch GmbH – Overview
Exhibit 147: Robert Bosch GmbH – Business segments
Exhibit 148: Robert Bosch GmbH – Key news
Exhibit 149: Robert Bosch GmbH – Key offerings
Exhibit 150: Robert Bosch GmbH – Segment focus
11.11 Valeo SA
Exhibit 151: Valeo SA – Overview
Exhibit 152: Valeo SA – Business segments
Exhibit 153: Valeo SA – Key news
Exhibit 154: Valeo SA – Key offerings
Exhibit 155: Valeo SA – Segment focus
11.12 ZF Friedrichshafen AG
Exhibit 156: ZF Friedrichshafen AG – Overview
Exhibit 157: ZF Friedrichshafen AG – Business segments
Exhibit 158: ZF Friedrichshafen AG – Key news
Exhibit 159: ZF Friedrichshafen AG – Key offerings
Exhibit 160: ZF Friedrichshafen AG – Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 161: Inclusions checklist
Exhibit 162: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 163: Currency conversion rates for US$
12.4 Research methodology
Exhibit 164: Research methodology
Exhibit 165: Validation techniques employed for market sizing
Exhibit 166: Information sources
12.5 List of abbreviations
Exhibit 167: List of abbreviations
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