ADAS Market for Passenger Cars in China, 2017-2025 - ADAS Sales in China to Achieve 69.4 Million Units by 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 8, 2019--The “ADAS Market for Passenger Cars in China, 2017-2025” report has been added to ResearchAndMarkets.com’s offering.
In 2017, the Advanced Driver Assistance System (ADAS) market for passenger cars recorded 15.5 million in unit sales. The market is expected to experience rapid growth at a compound annual growth rate (CAGR) of 20.6% during 2017-2025. Sales volumes are likely to increase to 69.4 million units in 2025.
As an emerging market, the ADAS market for passenger cars in China had a penetration rate of 10% in 2017. Currently, most ADAS features are warning-based applications. The limited involvement of domestic suppliers and moderate-to-high ADAS costs are lowering market adoption in China.
The China-New Car Assessment Program (C-NCAP) added the Automatic Emergency Braking (AEB) test with a score rating of 11%. This requirement is likely to accelerate ADAS product penetration and demand in China during the long term.
Global ADAS suppliers have a strong collaboration with global automotive OEMs. For instance, the ADAS market for passenger cars in China was dominated by Robert Bosch AG, Continental AG, and Denso, with a combined market share of 62.6% in 2017. Thus, Yatai APG and Suzhou INVO Automotive Electronics Co., Ltd., (Invo) are the key domestic ADAS suppliers in China leading with a share of 7.2%, jointly.
Key ADAS products are adopted by foreign automotive OEMs such as Audi AG, BMW AG, and Mercedes-Benz. Domestically, Chinese automotive OEMs have started ADAS penetration. For example, Great Wall Motors and Geely Auto are offering ADAS product installation selection to buyers.
This research service discusses the ADAS market for Chinese passenger cars. It evaluates the various market dynamics such as drivers and restraints, market share and competitive analysis. It also provides market forecasts and trends, supplier profiles, and growth opportunities. The study closes with conclusions and a future outlook.
The aim of this study is to research and analyze the Advanced Driver Assistance System (ADAS) market in China. Applications include adaptive cruise control (ACC), blind spot detection (BSD), forward collision warning (FCW), lane departure warning (LDW), night vision (NV) and park assist (PA). The study presents the current scenario in the passenger car market and provides a forecast of ADAS sales up to 2025.
1. Executive Summary
2. Research Scope, Objective and Methodology
3. Definition and Segmentation
4. Market Overview
5. Market Drivers and Restraints - ADAS Market
6. Forecasts and Trends - ADAS Market
7. Market Share Analysis - ADAS Market
8. Supplier Profiles
9. Growth Opportunities and Companies to Action
10. Conclusions and Future Outlook
Companies FeaturedACC Audi AG BMW AG Bosch BSD Continental Denso FCW Geely Auto Great Wall Motors LDW Mercedes-Benz NV PA Suzhou INVO Automotive Electronics Co. Ltd. (Invo) Yatai APG
For more information about this report visit https://www.researchandmarkets.com/research/4p35sd/adas_market_for?w=4
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Related Topics:Cars,Telematics and Vehicle Electronics
KEYWORD: ASIA PACIFIC CHINA
INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/08/2019 05:26 AM/DISC: 01/08/2019 05:26 AM