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

  • Telematics-based insurance is improving road safety among young drivers
    May 15, 2012
    New data from The Co-operative Insurance in the UK says that new data shows that the introduction of telematics technology is leading to better driving behaviour from Britain's young road users. Intelligence gathered from the company’s 'smartbox' scheme shows that 35 per cent are consistently showing 'excellent' driving while less than five per cent demonstrate 'poor' driving habits.
  • Finnish researchers EEE and VTT get a grip on black ice detection
    November 27, 2017
    Winter road maintenance could be getting more efficient, thanks to the Grip, a black ice detection system from two Finnish research organisations. The Grip allows drivers to detect in real-time slippery road conditions extremely accurately and with costs significantly lower than by any other methods already being used, according the two firms – EEE Innovations and VTT Technical Research Centre of Finland. The first application of this patented technology is being offered to commercial vehicle owners and
  • Getting a foothold on road safety
    September 3, 2012
    The Indian businessman, Rohit Baluja, has become one of the most articulate and outspoken advocates of road safety in developing countries. A leading figure in his country’s shoe industry, Baluja was converted to the cause that has become his lifelong passion during regular business trips to Europe
  • Mobility scooters feature high risks
    April 24, 2024
    Mobility scooters have high risks for users.