Semicast predicts revenues for ADAS electronics to grow to around $ 7 billion in 2022, from $ 3 billion in 2015, a CAGR of almost 13 percent. Revenues for total automotive electronic controllers are forecast to grow to almost $ 86 billion in 2022, from an estimated $ 53 billion in 2015, a CAGR of 7 percent.
The market researcher defines ADAS to include autonomous park assist, intelligent cruise control, integrated front safety, blind spot monitoring, night vision assist and head-up display. ADAS includes the "sense and see" electronics necessary to provide the intelligence to partially or fully automate driving functions such as braking, parking and steering; ADAS takes data from sensors positioned around the vehicle, including camera, IR, lidar, radar and ultrasonic, to determine the vehicle's environment and potential hazards and obstructions around it.
Semicast’s ADAS electronics vendor share analysis ranks Continental as the leading supplier in 2015, with an estimated market share of 18%, ahead of Bosch with 15%, Autoliv (14%), Magna (9%) and ZF TRW (7%). Collectively the top ten vendors accounted for almost ninety percent of the ADAS market.
Colin Barnden, Principal Analyst at Semicast Research and study author, commented “From an electronics perspective, we think that the building blocks necessary to support fully autonomous driving as now in place. Tesla’s experience with the Autopilot function demonstrates that, for now, ADAS remains firmly in the category of driver assistance rather than automated driving. However the reliability, regulatory and legal issues which currently limit ADAS operation are all expected to be resolved steadily over the coming decade.”