The Technavio study analyzed that the automotive ADAS market in China is projected to reach a strong CAGR of nearly 35% from 2017 to 2021. The market is provided by a handful of mature manufacturers or suppliers to OEMs.
Market competition may be exacerbated by stringent safety regulations and consumer awareness of vehicle safety, especially after the Chinese government implements the C-NCAP 2018 plan and expects the ADAS market in China to experience exponential growth.
The plan states that all new vehicles must include the ADAS system by 2018. Bosch, Continental, Delphi Automotive, Denso, Mobileye and Valeo have been identified as the major suppliers on the market and have invested heavily in research and development to Reduce the cost of ADAS and improve the adoption rate.
'The Chinese market is a market with great potential but not yet developed and government support is crucial for the development of China's automotive market.With the advances in sensors and camera technology, future components of ADAS will work with near-zero errors, Thus ensuring better road safety, "said Ganesh Subramaniam, Technavio's chief automotive electronics market analyst.
Technavio Market Research Analysts identified the following major suppliers:
Bosch
Known for the design and manufacture of automotive components, including brakes, controls, electric drives, electronics, fuel systems, generators, starter motors and steering systems, Bosch has four business units: Mobility Solutions, Industrial Technology, Consumer Products , Energy and building technology.
Continental
Headquartered in Hannover, Germany, Continental is a leading German automotive manufacturer specializing in tire, brake systems, automotive safety, powertrain and chassis components in five divisions: chassis and safety, powertrain, Interior, tires and ContiTech Technology.
Delphi Automotive
Known for the design and manufacture of a broad range of products and solutions for the automotive and commercial vehicle industries, Delphi Automotive's products help make vehicles safer, more environmentally-friendly and cost-effective. The company has four business units, Electrical and Electronic Structures , Powertrain systems, electronics and safety and thermal systems.
DENSO
DENSO is known as a leading player in the automotive industry for the design and manufacture of advanced automotive technologies, systems and components. The company has two business units, Automotive, Industrial and Consumer Products. DENSO is one of the largest manufacturers in the EMS market with a large Product portfolio to meet OEM and aftermarket needs.
Mobileye
Mobileye is known for designing and manufacturing vision-based ADAS systems that can send alerts to prevent accidents or mitigate injuries Mobileye's EyeQ chip market has increased from 182,000 units in 2010 to 4.4 million units in 2015.
Valeo
Valeo is a leading automotive supplier and partner to automotive manufacturers around the world and aims to reduce its carbon dioxide emissions by designing innovative smart action solutions.