Market Overview:
The global advanced driver assistance systems for commercial vehicles market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The increasing demand for safety and security features in commercial vehicles is driving the growth of this market. Additionally, the growing awareness about the benefits of advanced driver assistance systems among fleet operators and drivers is also contributing to the growth of this market. The global advanced driver assistance systems for commercial vehicles market can be segmented on the basis of type into traction control system (TCS), adaptive cruise control (ACC), and anti-lock braking system (ABS). TCS dominates the global advanced driver assistance systems for commercial vehicles market, followed by ACC and ABS. On the basis of application, light commercial vehicles account for a major share in terms of revenue in this market, followed by heavy commercial vehicles and others. North America dominates this market with a major share owing to high adoption rates among fleet operators in this region.
Product Definition:
Advanced Driver Assistance Systems (ADAS) for commercial vehicles are systems that help drivers with various tasks while driving, such as monitoring their surroundings, keeping the vehicle in its lane, and braking when necessary. ADAS can improve safety for both drivers and passengers in a commercial vehicle. Additionally, they can help reduce fuel consumption and emissions.
Traction Control System (TCS):
The global traction control system (TCS) market size was valued at USD 1.8 billion in 2015 and is expected to witness a significant growth owing to the rising demand for Advanced Driver Assistance Systems (ADAS) for commercial vehicles. The growing emphasis on improving road safety is anticipated to propel the demand over the forecast period.
Adaptive Cruise Control (ACC):
ACC is a system that automatically maintains the set speed while driving. It uses various sensors to detect vehicle surroundings and road signs, as well as the position of other vehicles. ACC can be used in passenger cars, SUVs, and luxury vehicles for preventing accidents caused due to speeding or following too close distances.
Application Insights:
The light commercial vehicles application segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The growing need for driver assistance systems that can help improve road safety is expected to be a key factor driving the demand over the forecast period. Furthermore, governments are taking initiatives to regulate ADAS in light of increasing concerns regarding road accidents and their impact on traffic conditions, which may further propel market growth over the coming years.
Heavy Commercial Vehicles (HCVs) segment is anticipated to register a significant CAGR of XX% from 2018 to 2030 owing to rising demand for advanced safety systems such as rollover prevention system and load sensing monitor among other Advanced Driving Assistance Systems (ADAS). Moreover, companies such as Continental AG; Daimler AG; Ford Motor Company; General Motors Company; Hyundai Motor America Inc.; International Business Machines Corporation; Mitsubishi Heavy Industrial Limited.; Nissan North America, Inc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing adoption of advanced driver assistance systems by fleet operators and manufacturers. Increasing demand for commercial vehicles with enhanced safety features, along with stringent regulations set by regulatory bodies such as National Highway Traffic Safety Administration (NHTSA), has further propelled the growth of this regional market.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising disposable income and growing vehicle production within emerging economies such as China, India, South Korea & Japan (CISKD). Furthermore, increasing investments made by key players for developing new ADAS technologies are projected to drive product demand over next eight years. For instance, Bosch launched a new generation adaptive cruise control system named ACC Plus in 2018 for improving driver comfort and preventing accidents while driving at high speeds on highways or city roads at night time.
Growth Factors:
- Increasing demand for commercial vehicles: The global demand for commercial vehicles is expected to grow at a CAGR of 5.5% from 2016 to 2021. This will create a need for advanced driver assistance systems in order to improve the safety and efficiency of these vehicles.
- Government regulations and initiatives: Governments around the world are implementing stringent safety regulations for commercial vehicles, which is creating a need for advanced driver assistance systems in order to comply with these regulations. In addition, various government initiatives are promoting the adoption of advanced driver assistance systems in order to improve road safety.
- Technological advancements: The advancement of technology is leading to the development of new and innovative types of advanced driver assistance systems, such as platooning technology, which will help boost the growth of this market during the forecast period.
- Growing awareness about benefits of advanced driver assistance systems: There is growing awareness among consumers about the benefits offered by advanced driver assistance systems, such as improved safety and fuel efficiency. This is helping drive demand for these products worldwide."
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Driver Assistance Systems for Commercial Vehicles Market Research Report
By Type
Traction Control System (TCS), Adaptive Cruise Control (ACC), Anti-Lock Braking System (ABS)
By Application
Light Commercial Vehicles, Heavy Commercial Vehicles, Others
By Companies
WABCO, Continental, Bosch, Bendix, HELLA, Delphi, BMW, Honda
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Driver Assistance Systems for Commercial Vehicles Market Report Segments:
The global Advanced Driver Assistance Systems for Commercial Vehicles market is segmented on the basis of:
Types
Traction Control System (TCS), Adaptive Cruise Control (ACC), Anti-Lock Braking System (ABS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Light Commercial Vehicles, Heavy Commercial Vehicles, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WABCO
- Continental
- Bosch
- Bendix
- HELLA
- Delphi
- BMW
- Honda
Highlights of The Advanced Driver Assistance Systems for Commercial Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Traction Control System (TCS)
- Adaptive Cruise Control (ACC)
- Anti-Lock Braking System (ABS)
- By Application:
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Driver Assistance Systems for Commercial Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced Driver Assistance Systems (ADAS) for commercial vehicles are systems that help drivers with tasks such as lane keeping, blind spot detection, and adaptive cruise control.
Some of the major players in the advanced driver assistance systems for commercial vehicles market are WABCO, Continental, Bosch, Bendix, HELLA, Delphi, BMW, Honda.
The advanced driver assistance systems for commercial vehicles market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Driver Assistance Systems for Commercial Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Advanced Driver Assistance Systems for Commercial Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Advanced Driver Assistance Systems for Commercial Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Advanced Driver Assistance Systems for Commercial Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Advanced Driver Assistance Systems for Commercial Vehicles Market Size & Forecast, 2020-2028
4.5.1 Advanced Driver Assistance Systems for Commercial Vehicles Market Size and Y-o-Y Growth
4.5.2 Advanced Driver Assistance Systems for Commercial Vehicles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Traction Control System (TCS)
5.2.2 Adaptive Cruise Control (ACC)
5.2.3 Anti-Lock Braking System (ABS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Commercial Vehicles
6.2.2 Heavy Commercial Vehicles
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Driver Assistance Systems for Commercial Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Driver Assistance Systems for Commercial Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Traction Control System (TCS)
9.6.2 Adaptive Cruise Control (ACC)
9.6.3 Anti-Lock Braking System (ABS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Commercial Vehicles
9.10.2 Heavy Commercial Vehicles
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Traction Control System (TCS)
10.6.2 Adaptive Cruise Control (ACC)
10.6.3 Anti-Lock Braking System (ABS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Commercial Vehicles
10.10.2 Heavy Commercial Vehicles
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Traction Control System (TCS)
11.6.2 Adaptive Cruise Control (ACC)
11.6.3 Anti-Lock Braking System (ABS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Commercial Vehicles
11.10.2 Heavy Commercial Vehicles
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Traction Control System (TCS)
12.6.2 Adaptive Cruise Control (ACC)
12.6.3 Anti-Lock Braking System (ABS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Commercial Vehicles
12.10.2 Heavy Commercial Vehicles
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Traction Control System (TCS)
13.6.2 Adaptive Cruise Control (ACC)
13.6.3 Anti-Lock Braking System (ABS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Commercial Vehicles
13.10.2 Heavy Commercial Vehicles
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Driver Assistance Systems for Commercial Vehicles Market: Competitive Dashboard
14.2 Global Advanced Driver Assistance Systems for Commercial Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WABCO
14.3.2 Continental
14.3.3 Bosch
14.3.4 Bendix
14.3.5 HELLA
14.3.6 Delphi
14.3.7 BMW
14.3.8 Honda
