BEIJING--(BUSINESS WIRE)--Technavio has announced the top six leading vendors in their recent automotive ADAS Market in China report. This market research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the automotive ADAS market in China is expected to post an impressive CAGR of close to 35% during the forecast period. The market consists of few established players that manufacture or supply ADAS to OEMs. Stringent safety norms and increase in vehicle safety awareness among consumers may intensify the competition in the market. The ADAS market in China is expected to witness exponential growth after the C-NCAP 2018 plan is implemented by the Chinese government, which states that all the new vehicles must include ADAS systems by 2018. Bosch, Continental, Delphi Automotive, DENSO, Mobileye, and Valeo are identified as the major vendors in the market. These vendors spend extensively on R&D to reduce the cost of ADAS and increase its adoption rate.
The Chinese market is an untapped market with huge growth potential, and the support from the government will be crucial for the growth of the automotive market in China. With the advances in sensor and camera technology, future components of ADAS will work with almost zero error which will ensure better road safety,” says Ganesh Subramaniam, lead automotive electronics research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
Bosch is well known for designing and manufacturing automotive components which include brakes, controls, electrical drives, electronics, fuel systems, generators, starter motors, and steering systems. It has four business sectors, namely Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
Continental is a leading German automotive manufacturing company, headquartered in Hanover, Germany. It specializes in tires, brake systems, automotive safety, and powertrain and chassis components. The company is structured into five divisions, namely Chassis & Safety, Powertrain, Interior, Tires, and ContiTech.
Delphi Automotive is well known for designing and manufacturing a wide range of products and solutions for automotive and commercial vehicle sectors. Its products help in making vehicles safe, eco-friendly, and cost-effective. The company has four business segments, namely electrical and electronic architecture, powertrain systems, electronics and safety, and thermal systems.
DENSO is well known for designing and manufacturing advanced automotive technology, systems, and components to major players in the automotive industry. The company has two business units, namely automotive, and industrial and consumer products. DENSO is one of the biggest players in the EMS market with a huge product portfolio catering to OEMs and aftermarket vendors.
Mobileye is well known for designing and manufacturing vision-based ADAS that sends alerts for collision prevention and mitigation. The market for Mobileye’s EyeQ chips increased from 182,000 units in 2010 to 4.4 million units in 2015. The company also offers collision avoidance technology as an aftermarket product.
Valeo is a well-known automotive supplier and partner for automakers worldwide. It aims to reduce carbon dioxide emissions by designing innovative solutions for smart mobility. It also distributes spare parts for OEMs and aftermarkets.
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