Enjoy complimentary customisation on priority with our Enterprise License!
The automotive ADAS market in China market share is expected to increase by USD 2.19 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 14.05%.
This automotive ADAS market in China research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive ADAS market in China's market segmentation by technology (BSD, PAS, DMS, FCW, and others) and application (passenger cars and commercial vehicles). The automotive ADAS market in China report also offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG among others.
Download the Free Report Sample to Unlock the Automotive ADAS Market in China Size for the Forecast Period and Other Important Statistics
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth of the automotive industry in China is notably driving the automotive ADAS market in China growth, although factors such as the ongoing slowdown of the economy in China may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive ADAS market in the China industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive ADAS Market In China Driver
The growth of the automotive industry is a major driver fueling the automotive ADAS market growth in China. Since 2008, the automotive industry in China has been the largest in the world. The growth of the automotive industry in China is one of the primary factors driving the automotive ADAS market in China. The increase in economic activities in the country has led to the growth in the per capita income of the country. Economic development has led to the growth of major cities and rapid urbanization. According to The World Bank, the urban population in China accounted for 45% of the total population of the country in 2007, and it grew to more than 60% of the total population in 2019. The rising urban population has led to high demand for automobiles from individual customers for convenient commuting, as well as from freight operators for fulfilling the ever-growing demand for transportation. The inability of railways to provide last-mile connectivity and the growing popularity of e-commerce sites have led to a rise in sales of heavy commercial vehicles for logistics in China. As automotive ADAS technologies play a vital role in vehicular safety, the growth of the automotive industry in China is a key factor driving the automotive ADAS market in China.
Key Automotive ADAS Market In China Trend
The adoption of V2X technology to enhance ADAS performance is a major trend influencing the automotive ADAS market growth in China. During the forecast period, the automotive market is expected to witness a shift from the fourth-generation (4G) long-term evolution (LTE) to fifth-generation (5G) technology, which could increase the data speed by 33 times faster than 4G LTE, and the latency could drop to about one-tenth of the current speed. This will lead to the faster development of semi-autonomous and autonomous vehicle technologies. The 5G technology will also enable the efficient operation of advanced systems such as V2X communications, which includes vehicle-to-vehicle, vehicle-to-infrastructure, and vehicle-to-pedestrian communication. Additionally, the prominence of 5G technology will boost the adoption of cellular V2X during the forecast period. For instance, in March 2019, the 5G Automotive Association announced its plan to commercially deploy cellular-V2X communication technology in China by the end of 2020. We expect the adoption of V2X to play a crucial role in enhancing the safety of modern vehicles, which will drive the growth of the market in focus.
Key Automotive ADAS Market In China Challenge
The ongoing slowdown of the economy in China is a major hindrance to the automotive ADAS market growth in China. The high economic growth in the past made China the leading market for automotive production and sales. Thus, China accounted for the majority of the incremental demand for automotive components such as ADAS. However, the ongoing slowdown and the risk of a further slowdown of the economy in China can severely impact the adoption of automobiles and their components, such as ADAS, during the forecast period. In the April to June quarter of 2019, the GDP of China witnessed a growth rate of 6.2%, which was the slowest in 27 years. The GDP growth further decelerated to 6.1% in the October to December quarter of 2019. Technavio expects that this decline in GDP growth in China will impact the market, as the country is a major revenue contributor to the market. In addition, the prolonged trade war with the US has been impacting the economy in China considerably in recent years. Businesses remain skeptical about whether the two countries will reach a broader trade agreement, and the trade tension may escalate again. This is a challenge to the growth of the automotive ADAS market.
This automotive ADAS market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the automotive ADAS market in China as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive ADAS market in the China during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive ADAS market in China encompasses successful business strategies deployed by the key vendors. The automotive ADAS market in China is fragmented and the vendors are following growth strategies such as M&A to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive ADAS market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive ADAS market in the China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the automotive components and accessories market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
To gain further insights on the market contribution of various segments Request a FREE sample
The automotive ADAS market in China's market share is growing in the BSD segment will be significant during the forecast period. BSD systems are gaining popularity owing to growing safety concerns around blind spots. These systems use sensors to detect obstacles in the blind spot of the driver while a vehicle is in motion. Moreover, these systems use radar sensors or cameras that are placed on the rear and side of the vehicle for monitoring purposes. The BSD market segment will record a slow growth rate during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive ADAS market in China size and actionable market insights on post COVID-19 impact on each segment.
Automotive ADAS Market In China Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.05% |
Market growth 2021-2025 |
$ 2.19 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.55 |
Regional analysis |
APAC and APAC |
Performing market contribution |
APAC at 100% |
Key consumer countries |
China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aptiv Plc, Continental AG, DENSO Corp., Hyundai Mobis Co. Ltd., Intel Corp., Magna International Inc., Robert Bosch GmbH, Valeo SA, Veoneer Inc., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.