Global ADAS revenues to reach $460 Billion by 2020

ABI Research is predicting that global advanced driver assistance systems (ADAS) revenues will surge from $22.7 billion in 2012 to $460.8 billion in 2017, with Asia-Pacific remaining the leading ADAS market throughout the forecast period. “Both commercial and regulatory drivers are expected to boost the ADAS market in the coming years,” says VP and practice director Dominique Bonte. “On the one hand, OEMs such as Ford have started rolling out ADAS features on medium to low-end cars in order to bolster their
August 23, 2012 Read time: 2 mins
5725 ABI Research is predicting that global advanced driver assistance systems (ADAS) revenues will surge from $22.7 billion in 2012 to $460.8 billion in 2017, with Asia-Pacific remaining the leading ADAS market throughout the forecast period.

“Both commercial and regulatory drivers are expected to boost the ADAS market in the coming years,” says VP and practice director Dominique Bonte. “On the one hand, OEMs such as 278 Ford have started rolling out ADAS features on medium to low-end cars in order to bolster their safety image. On the other hand, ADAS will ultimately be mandated in many regions as illustrated by recent statements of the 1690 European Commission and 6437 Euro NCAP (New Car Assessment Programme) about making autonomous-emergency braking (AEB) technology part of European crash evaluations from 2014, an important step towards making AEB mandatory."

In the longer-term ADAS will also play an important supporting role in ITS and (semi-) autonomous vehicles as recently demonstrated in the Sartre drive train trial in Europe in which the main role of ADAS systems is to be the last safety resort when other systems fail. ADAS can also compensate for driver distraction risks caused by advanced connected infotainment systems.

However, a recent ABI survey shows consumer interest in ADAS is high but willingness to pay very low, unsurprisingly for a safety function. So the message for OEMs clearly is to ultimately offer (basic) ADAS as a standard feature.

ABI Research’s new ‘Advanced Driver Assistance Systems (ADAS)’ market database provides detailed volume and value forecasts of all major driver assistance systems (Adaptive Cruise Control, Collision Warning/Mitigation, Blind Spot Detection, Lane Departure Warning, Driver Monitoring System, Night Vision, and Adaptive Headlights) through 2020 for North America, Europe, Asia-Pacific, and Rest of the World. These findings are part of ABI Research’s Intelligent Transportation Systems Research Service, which includes Research Reports, Market Data, Insights, and Competitive Assessments.

For more information on companies in this article

Related Content

  • Smart transportation market ‘worth US$285.12 billion by 2024’
    February 24, 2017
    The global smart transportation market is estimated to reach a market size of US$285.12 billion by 2024, according to a new study by Grand View Research. The growing number of on-road vehicles and the ineffective existing transport infrastructure will drive the need for an efficient management system. Favourable government initiatives toward building a better infrastructure and running the transport system smoothly are expected to boost the industry growth. Increasing investments in the smart city produc
    Read More
  • Traffic management market ‘worth US$17.64 billion 2020’
    January 13, 2016
    According to a new market research report published by MarketsandMarkets, the traffic management market is predicted to grow from US$4.12 billion in 2015 to US$17.64 billion by 2020, at a compound annual growth rate (CAGR) of 33.8 per cent during the forecast period. Increasing environmental concerns, rapid urbanisation and population explosion, together with demand for real-time information are the main drivers driving the growth of the market. The increasing need to access real-time information capture
    Read More
  • UR:BAN developing driver assistance and traffic management systems
    May 16, 2014
    European vehicle manufacturers, including BMW, Opel and Mercedes-Benz and MAN, are taking part in a new project to develop advanced driver assistance and traffic management systems for cities. The focus is on the human element in all aspects of mobility and traffic and takes the form of three approaches: Cognitive Assistance; Networked Traffic Systems; and Human Factors in Traffic. The four-year UR:BAN project (from a German acronym for Urban Space: User-oriented assistance systems and network managemen
    Read More
  • Sensor solutions cuts maintenance and emissions
    December 8, 2014
    The new raft of sensor technology can provide cost savings as well as additional functionality, as David Crawford discovers. Austria’s third-largest city, Linz, with a population of around 200,000, is recording substantial savings in its urban tram network within 18 months of introducing a new, high-technology approach to its public transport management. Tram, bus and trolleybus operator Linz Linien forms part of city utilities management company Linz AG, which has been carrying out a wide-ranging Smart Cit
    Read More

Highlighted Content