ADAS Category Is Expected to Grow at CAGR of 18.2% From 2023 to 2030

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Advanced Driver Assistant System (ADAS) Procurement Intelligence

The advanced driver assistant system category is expected to grow at a CAGR of 18.2% from 2023 to 2030. The Asia Pacific region accounts for the largest category share. Factors such as the increasing awareness for road safety, concerns with regard to safety mandate from the government, effective R&D for ADAS element design, and advanced development in technology are driving the growth of the category.

One of the key trends is the increasing use of emerging 5G technology with the integration of the Internet of Things (IoT) to implant the product in budgeted car segments. Government mandating Electronic Stability Control (ESC) to be installed on each vehicle, which is the initial requirement for developing ADAS, there is an increased probability to have the product installed in every segment.

Order your copy of the Advanced Driver Assistant System (ADAS) category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis 

Intelligent ADAS systems are growing due to the development of IoT, a technology that uses AI and ML to implant smart features like intelligent forecasting, servicing beforehand, more efficient troubleshooting, and getting vehicle-related information. Companies are focused on the development of such technologies on all segments of cars to adhere to government regulations regarding health and road safety. Major development in 5G has helped in improving connectivity between sensor modules, cameras, and radars to deliver real-time information efficiently to cloud-based platforms. Ericsson is one of the key players providing connected vehicle cloud service.

Artificial Intelligence plays a vital role in computing functional requirements for ADAS systems by integrating surround cameras, sensors, and LiDAR to collect and process data for the product. With continuous advancements in technology, players like Nvidia and Qualcomm are heavily investing in this category. In 2021, Qualcomm came forward to collaborate with their snapdragon ride system on a chip for BMW platforms. In 2022, Israel-based company, Hailo made its collaboration with Renesas, a player in the semiconductor category to deliver an energy-efficient, reliable solution to provide an ADAS system to OEM in order to target cars in the budgeted segment due to its cost-efficient feature.

Advanced Driver Assistant System (ADAS) Procurement Intelligence Report Scope

The Advanced Driver Assistant System (ADAS) category is expected to have pricing growth outlook of 15 - 20% from 2023 to 2030, with below pricing models. 

  • Volume-based pricing model
  • Market-based Pricing model 

Supplier Selection Scope of Report

  • Cost and pricing
  • Past engagements
  • Productivity
  • Geographical presence 

Supplier Selection Criteria of Report

  • Based upon ADAS Positioning Software
  • Driver Assistance Software 
  • Target Configurations 
  • Interactive Calibration System 
  • Intuitive Controls 
  • Types of Suppliers - OEM, ODM, OBM 
  • Integrated Storage 
  • Number of Production Units 
  • Technical specifications 
  • Operational capabilities 
  • Regulatory standards and mandates 
  • Category innovations 
  • others

Advanced Driver Assistant System (ADAS) Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2023 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Advanced Driver Assistant System (ADAS) Procurement Cost and Supplier Intelligence

Rising safety measures and health awareness post covid-19 pandemic have gained the market cap of the category by about 20-25%. It has caused an increase in demand for its core components such as the mono vision camera and image processor. Image processor constitutes the major cost component of about 52%. Semiconductors that act as raw material for OEM's have seen a surge in the import cost in the U.S. at about 8% after recovery. Shortages of semiconductors due to a disrupted supply chain have drastically affected the cost of raw materials used in the product. To retain the flow, the industry has ordered a surplus of 10 to 20% semiconductors to meet requirements in the future.

With several local and foreign businesses participating in the industry, the Advanced Driving Assistance Systems competitive environment is highly fragmented. To achieve a competitive edge, category participants are putting their attention on product innovation, enhancing their product lines, and establishing alliances and partnerships. To strengthen their market position and broaden their customer base, they are rapidly expanding the services being offered through technological advancements. Some of the major players operating are using a variety of strategies, including product differentiation, product launches, and partnerships. 

List of Key Suppliers

  • Denso Corporation
  • Continental Ag
  • Robert Bosch Gmbh
  • Autoliv IncValeo
  • Hella Kgaa Hueck and Co.
  • Magna International
  • Ficosa International S.A.,
  • Trw Automotive Holdings Corp.
  • Aisin Seiki Co. Ltd.
  • Teledyne Technologies Inc.
  • Sure Star and RoboSense  

Browse through Grand View Research’s collection of procurement intelligence studies:

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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