Automotive ADAS Market Share in China to Increase by USD 2.19 Billion From 2020 to 2025

The automotive ADAS market share in China is expected to grow by USD 2.19 billion, accelerating at a CAGR of 14.05% during the forecast period. The market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Automotive ADAS Market In China: Market Segments and Growth Forecasts

The automotive ADAS market in China report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The automotive ADAS market in China is segmented by technology (BSD, PAS, DMS, FCW, and others) and applications (passenger cars and commercial vehicles). 
• The automotive ADAS market in China's market share is growing in the BSD segment will be significant during the forecast period.
• The growth of the segment is attributed to the growing safety concerns around blind spots.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the automotive ADAS market size in China.

Automotive ADAS Market In China: Trends, Drivers, Challenges to impact growth

• The growth of the automotive industry in China will be a significant factor in driving the growth of the automotive ADAS market in China.
• The declining price of sensors is making automotive ADAS products affordable is another factor that will be instrumental in driving the market growth during the forecast period.
• The adoption of V2X technology to enhance ADAS performance is the major automotive ADAS market trend in China that will positively impact the market growth.
• The ongoing slowdown of the economy in China is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Automotive ADAS Market In China: Vendor Analysis

• The market is fragmented due to the presence of several players.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• 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 are some of the major automotive ADAS market vendors in China.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 14.05%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 2.19 billion.
    
3. What is a key factor driving this market?
   The growth of the automotive industry in China will drive market growth over the forecast period.
    
4. Who are the leading market vendors?
   The leading vendors in this market are 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.
    
5. What are the market segments covered in this report?
   The market is segmented by Technology (BSD, PAS, DMS, FCW, and others) and Application (passenger cars and commercial vehicles).