Tractica forecasts ADAS component shipments to hit 1.2B units by 2025, $89.3B annual revenue by 2025
According to a new report from market intelligence firm Tractica, advanced driver assistance systems (ADAS) component shipments will increase at a healthy pace over the next decade, rising from 218.1 million units shipped in 2016 to 1.2 billion units by 2025. By that time, the market intelligence firm forecasts that the ADAS component market will reach $89.3 billion in annual revenue.
Advances in a number of fields, including camera and imaging technology, high power, low energy consumption processing, advanced neural networks and data processing, and others, have shifted the focal point of technology innovation from the computer in the 1990s, to the mobile handset in the 2000s, and in the current decade, to the automobile.—Keith Kirkpatrick, principal analyst
Kirkpatrick added that, while fully connected and autonomous vehicles are likely a decade away from hitting the roads en masse, the stepping-stone technologies that will be refined and improved upon for the driverless cars of the future are rapidly being integrated into the vehicles of today.
Tractica’s report, “Advanced Driver Assistance System Market Forecasts”, provides market sizing and forecasts for 27 types of advanced driver assistance systems, as well as 9 component types. System forecasts include unit shipments and attach rates, and component forecasts include unit shipments, attach rates, average selling prices, and revenue. All forecasts are segmented by world region and cover the period from 2016 through 2025.