Skip to main content

ADAS market will reach $460 billion Market by 2020, says ABI Research

Technology features that use sensors to watch around the vehicle have become common on luxury vehicles in recent years, but now availability is spreading to the mainstream higher-volume segments such as the Ford Focus and Mercedes B-Class. Camera image analysis continues to get more powerful and radar sensors are getting cheaper, with Lidar and ultrasonics still in the mix.
May 4, 2012 Read time: 2 mins
Technology features that use sensors to watch around the vehicle have become common on luxury vehicles in recent years, but now availability is spreading to the mainstream higher-volume segments such as the 3423 Ford Focus and 2796 Mercedes B-Class. Camera image analysis continues to get more powerful and radar sensors are getting cheaper, with Lidar and ultrasonics still in the mix.

“One of the important developments in the last year or so has been the introduction of additional features,” says ABI Research principal analyst David Alexander. “For example, cross traffic alert adds significant benefit to the blind spot detection function, as road sign recognition does to lane departure warning (LDW).”

Consumer awareness is growing, and most world regions are updating their New Car Assessment Programs (NCAPs) to reflect the availability of the latest accident prevention features. But the roll-out of new features has mainly been driven by the automakers up to now. In partnership with tier one suppliers, the option cost has been steadily coming down and this trend is expected to continue for the next few years.

“Increasing availability of advanced driver assistance system (ADAS) features is also being driven by legislation and NCAP specifications,” says Dominique Bonte, group director, telematics and navigation. “For example, in the EU, new commercial vehicles are required to have enhanced blind spot vision, lane departure warning, and automatic emergency braking. In the US, after changes to NCAP, new car stickers are now required to indicate if certain ADAS features (LDW and forward collision warning) are available.”

Analysis of statistics shows that many traffic accidents could be avoided with help from ADAS technology that is now available. There are few financial incentives to encourage new vehicle buyers to specify ADAS features at present. The biggest beneficiaries of the widespread use of accident avoidance technology are insurance companies, who should be monitoring the situation closely.

ABI Research’s study, Advanced Driver Assistance Systems, provides an analysis of global market trends, cost and technological evaluations of all the major driver assistance systems, and discussion of existing product announcements. System volume and value forecasts for installations are provided globally, by region, through 2020.

For more information on companies in this article

Related Content

  • Major advances in compaction technology
    February 9, 2012
    Both soil and asphalt compaction technologies will see key advances in 2010, writes Mike Woof. With each phase of regulations coming into force for engine and noise emissions, as well as operator vibration, manufacturers have been forced to improve, upgrade and update their compaction machines.
  • Weigh in motion systems aid safety, reduce costs
    February 14, 2012
    Advanced weigh-in-motion (WIM) systems can offer a quick payback time
  • High-tech, high places: 3M in US and MetService in New Zealand
    August 1, 2017
    The US state of Michigan sets up a high-tech test road while New Zealand’s transport officials buy in some high-tech weather forecasting. The road safety division of 3M will provide the US state of Michigan with lane markings and retroreflective signs for a connected vehicle technologies trial along the I-75 highway. Around 5km of the Interstate 75 work zone in Oakland County will be transformed over the next four months to improve safety for drivers and test advanced vehicle-to-infrastructure technologie
  • Cops stop caped crusader
    June 20, 2012
    Video footage has emerged of US police apprehending caped crusader, Batman, at the wheel of a Lamborghini. Hawk-eyed police spotted that the vehicle did not bear valid license plates as instead it bore the Batman symbol. As a precautionary measure, the police pulled the errant Lamborghini over. When the driver emerged from the vehicle he was dressed from head to foot in a Batman costume and explained he was on his way to a local hospital where he intended to entertain children in the cancer ward. The police