UAE ADAS Market to be Dominated By Passenger Car Segment through 2028
According to the TechSci Research report, " UAE ADAS Market- By Region, Competition Forecast & Opportunities, 2018-2028," the UAE ADAS Market is anticipated to grow at a good rate in the coming years. The rate of technological advancement is one factor that can affect the adoption of ADAS. There is still tremendous opportunity for development, despite the significant improvements made in recent years by semiconductor makers and other participants. For instance, when a vehicle is moving quickly, forward-collision warning systems still have trouble recognizing objects. Although several technologies are used in a typical ADAS application, four stand out in terms of the difficulties they pose: processors, sensors, software algorithms, and mapping.
Recognizing the demand for cars with cutting-edge technology that encourage fearless driving and lowers the likelihood of accidents many investors are investing in this technology as ADAS in vehicles become more widely adopted. Companies like ZF Friedrichshafen AG ("ZF"), a German automotive technology supplier, recently invested in StradVision by acquiring 6% of the company’s stakes. StradVision is developing AI-powered computer vision technology for autonomous vehicles and advanced driver assist systems (ADAS). BlackBerry stated in May 2022 that it would collaborate with Magna International MGA to create next-generation Advanced Driver Assistance Systems (ADAS) solutions for the industry's upcoming automakers.
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Over the next five years, certain ADAS applications will be mandated by regulators, and many players are already making plans to capitalise on this trend. Unprecedented changes are being brought about in the automotive industry by this effort. First, even if they did not previously have a foothold in the automobile industry, more established high-tech companies, such as semiconductor players, are aggressively exploring ADAS potential.
ADAS technology in vehicle provide high safety standards features and nowadays cell phone applications take more active management of automobiles. Due to this standard of ADAS technology will wise in the coming year. In reality, a large number of ADAS technologies in the future will be classified as Automotive Safety Integrity Level D, which is reserved for parts or systems when a malfunction raises the possibility of serious harm or death.
The sales of passenger cars in the year 2021 were around 1,56,780 units. The sales of new vehicle shoot up by 26.4% year-on-year in 2021, and the sales of passenger cars in the year 2020 was around 1,29,901 units. The automotive manufacturers have started to focus on the autonomous vehicles by seeing buyers demand for advanced features in vehicles.
Based on the vehicle type, passenger car has the highest market share compared to commercial vehicles. The sales of passenger cars were higher as compared to the commercial vehicle sales in the country in the year 2021. Nowadays passenger car buyers mostly looking for the vehicles with most advanced features. due to this many automotive manufacturers have started to install different types of sensors which is applicable to perform various applications such as Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear Cross Traffic Assistance, etc. The UAE ADAS market is anticipated to increase in the coming year, as the sales of vehicles in UAE, has increased in the past few year which is equipped with the ADAS features.
Some of the major players operating in the UAE ADAS Market include:
- Continental AG
- Robert Bosch GmbH
- Autoliv Inc
- ZF Friedrichshafen
- Delphi Automotive PLC
- AISIN Corporation
- HELLA Gmbh & Co. KGaA
- ARM Limited
- Denso Corporation
- Ambarella International LP
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“Many automotive manufacturing companies in UAE have started to launch vehicles equipped with various advanced features. Vehicles having advanced technology and features are more in demand in the market, and seeing these trends automotive manufacturers are also introducing vehicles with advanced features such as Adaptive Cruise Control, Collision Avoidance, Park Assistance, Lane Departure Warning System, Rear cross Traffic Assistance, Automatic Speed Limit, etc. The UAE ADAS market is anticipated to grow in the coming years as the sales of vehicles having ADAS features are increasing,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“UAE ADAS Market By Vehicle Type (Passenger Car, Commercial Vehicle), By Sensor Type (Radar, Ultrasonic, Camera and LiDAR), By Level of Autonomy (Level 1, Level 2, Level 3, Level 4 and Level 5), By Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear Cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit Park Assistance and Others), By Region, Competition Forecast & Competition, Opportunities, 2018- 2028has evaluated the future growth potential of UAE ADAS Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the UAE ADAS Market.
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