Highway Driving Assist Market by Propulsion Type (BEV, HEV, PHEV, FCEV), Component (Radar, Camera, Ultrasonic Sensor, Software Module, Navigation), Function (Adaptive Cruise Control, Lane Keeping Assist, Lane Centering Assist, Collision Avoidance Assist) Region- Growth, COVID-19 Impact, Trends and Forecasting Till 2030

  • Published On: Jul, 2022
  • Category: Automotive
  • Pages: 265
Global Highway Driving Assist Market size is estimated at 3.2 USD Billion by 2030 and is anticipated to grow at a CAGR of 23.2% during the projected time frame 2021-2030

Market Overview:

Global highway driving assist market size is estimated at 3.2 USD Billion by 2028 and is anticipated to grow at a CAGR of 23.2% during the projected time frame (2021-2028). Highway driving assist involves a semi-automated system for driving which helps the driver to reduce monotonous driving on highways. It allows the cars to accelerate and decelerate automatically. Highway driving assist is equipped with advanced safety features such as lane hold assist and cruise control. Major players are increasingly focusing on innovative product launches and technological advancements.

Dynamics of Market:

Drivers:

Advancements in advanced driver assistance system (ADAS), increasing focus on road safety, and introduction of automated driving technologies are major factors driving the market growth. The ability to relieve from monotonous driving and increasing penetration of semi-autonomous vehicles is expected to augment the highway driving assist market during the forecast period.

Restraints:

The risk of failing of sensors, data security issues, and high maintenance costs of these systems can hinder the highway driving assist market during the forecast period.

COVID-19 Impact on the Global Highway Driving Assist Market:

The COVID-19 pandemic negatively impacted the highway assist driving market along with other major industries. The pandemic and resulting lockdowns lead to shutdown of manufacturing units, disrupted the supply chain, and also caused shortage of labor which is crucial for hardware production. However, with the ease of restrictions, the market is expected to bounce back a significant rate during the forecast period.

TABLE 1: GLOBAL MARKET SCOPE

Parameters

Covered

Report Title

Global Highway Driving Assist Market Report

Market Size and Forecasting

2018–2028

Base Year

2020

Estimated Year

2021

Forecast Period

2021–2028

Market Sizing Units

Value in USD Billion

Market Segmentation Covered

Propulsion Type, Component, Function, and Region

Regions

North America, Europe, Asia Pacific, Middle East and Africa and South America.

Major Key Players

Valeo, Continental, Magna, ZF Friedrichshafen, and Robert Bosch.

Number of Pages of Report

160

Customization Available

Yes, Customization Is Available As Per The Requirements

Market Segmentation of Highway Driving Assist Market

Propulsion Type of Highway Driving Assist Market

Highway Driving Assist Market By Distribution Channel

By propulsion type, the highway driving assist market is classified into BEV (battery electric vehicle), HEV (hybrid electric vehicle), PHEV (plug-in hybrid electric vehicle), and FCEV (fuel cell vehicle). The BEV segment is expected to dominate the market during the forecast period. The segment growth can be attributed to high sale of BEVs compared to other vehicles.

Component of Global Highway Driving Assist Market

By component, the highway driving assist market is classified into radar, camera, ultrasonic sensor, software module, and navigation. The software module segment is expected to be the fastest growing segment during the forecast period. The segment growth can be attributed to growing automotive software market. Radar software module is expected to be the core innovation area with connected vehicles gaining traction.

Function of Global Highway Driving Assist Market

By function, the highway driving assist market is classified into adaptive cruise control, lane keeping assist, lane centering assist, collision avoidance assist. The adaptive cruise control segment is estimated to lead the market during the forecast period. The ability to control the speed of vehicles with a pre-defined minimum distance from corresponding vehicles is expected drive the segment growth.

Global Regional Analysis of Highway Driving Assist Market: North America to Dominate the Market

Regional Analysis of Highway Driving Assist Market

By region, the highway driving assist market has been classified by North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to observe fastest market growth during the forecast period. The regional market growth can be due to increasing adoption of ADAS in the automotive industry of the region. According to the Department of Transportation’s National Highway Traffic Safety Administration, in 2016, around 37,000 people lost their lives in road accidents in U.S.

Key Development

  • In December 2020, Hitachi Automotive Systems Ltd. announced its stereo camera has been used by Suzuki Motor Corporation for its mini vehicles along with its advanced features.
  • In November 2020, Luminar Technologies announced it would provide laser-based LIDAR sensors for the self-driving vehicles which are launched by Intel Corp’s subsidiary named Mobileye.
  • In May 2020, NVIDIA announced plans to enter in the self-driving technology for assisting cars with automated cruise control, lane-keeping and other driver assistance features.

Market Segmentation

By Propulsion Type:

  • BEV
  • HEV
  • PHEV
  • FCEV

By Component:

  • Radar
  • Camera
  • Ultrasonic Sensor
  • Software Module
  • Navigation

By Function:

  • Adaptive Cruise Control
  • Lane Keeping Assist
  • Lane Centering Assist
  • Collision Avoidance Assist

By Region:

  • North America
  • Europe 
  • Asia Pacific
  • Middle East & Africa 
  • South America

Key Companies listed

The major companies listed in the Global Highway Driving Assist market include Valeo, Continental, Magna, ZF Friedrichshafen, and Robert Bosch.

These companies are span over North America, Europe, South America, and Asia Pacific markets, which empowers it to consider clients across the globe. The company’s leading position in the Global Highway Driving Assist Market is endorsed by its wide product portfolio.

Report Highlights:

•          Complete overview of market

•          Major drivers, restrain, opportunities, and challenges of the market

•          Market Trends and how they are boosting the market growth

•          Changing dynamics in the Market

•          Complete overview of the market

•          Historical, Base year, projected, and current market size in terms of value and volume

•          COVID-19 Impact analysis of the market

•          Current industry trends and developments

Chapter 1.    Executive Summary

Chapter 2.    Market Introduction

Chapter 3.    Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030 – Key Industry Dynamics

  • 3.1.    Key Market Drivers
  • 3.2.    Key Market Restraints
  • 3.3.    Market Opportunities
  • 3.4.    Future Trends
  • 3.5.    Impact Analysis of Drivers and Restraints
  • 3.6.    COVID-19 Impact Analysis
  • 3.7.    Major Developments in the Market

Chapter 4.    Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030

Chapter 5.    Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030 – Propulsion Type

  • 5.1.    BEV
  • 5.2.    HEV
  • 5.3.    PHEV
  • 5.4.    FCEV

Chapter 6.    Global {Keyword} – Analysis and Revenue Forecast 2021-2030 – By Component

  • 6.1.    Radar
  • 6.2.    Camera
  • 6.3.    Ultrasonic Sensor
  • 6.4.    Software Module
  • 6.5.    Navigation
  • 6.6.    Others

Chapter 7.    Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030 – By Function

  • 7.1.    Adaptive Cruise Control
  • 7.2.    Lane Keeping Assist
  • 7.3.    Lane Centering Assist
  • 7.4.    Collision Avoidance Assist

Chapter 8.    Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030 – By Region

  • 8.1.    North America
  • 8.2.    Europe
  • 8.3.    Asia Pacific
  • 8.4.    Middle East & Africa
  • 8.5.    South America

Chapter 9.    North America Market – Analysis and Revenue Forecast 2021-2030

9.1.    Global Highway Driving Assist Market – Propulsion Type

  • 9.1.1.    BEV
  • 9.1.2.    HEV
  • 9.1.3.    PHEV
  • 9.1.4.    FCEV

9.2.    North America Global Highway Driving Assist Market – By Component

  • 9.2.1.    Radar
  • 9.2.2.    Camera
  • 9.2.3.    Ultrasonic Sensor
  • 9.2.4.    Software Module
  • 9.2.5.    Navigation

9.3.    North America Global Highway Driving Assist Market – By Function

  • 9.3.1.    Adaptive Cruise Control
  • 9.3.2.    Lane Keeping Assist
  • 9.3.3.    Lane Centering Assist
  • 9.3.4.    Collision Avoidance Assist

9.4.    North America Global Highway Driving Assist Market – By Country

  • 9.4.1.    U.S.
  • 9.4.2.    Canada

Chapter 10.    Europe Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030

10.1.    Europe Global Highway Driving Assist Market – Propulsion Type

  • 10.1.1.    BEV
  • 10.1.2.    HEV
  • 10.1.3.    PHEV
  • 10.1.4.    FCEV

10.2.    Europe Global Highway Driving Assist Market – By Component

  • 10.2.1.    Radar
  • 10.2.2.    Camera
  • 10.2.3.    Ultrasonic Sensor
  • 10.2.4.    Software Module
  • 10.2.5.    Navigation

10.3.    Europe Global Highway Driving Assist Market – By Function

  • 10.3.1.    Adaptive Cruise Control
  • 10.3.2.    Lane Keeping Assist
  • 10.3.3.    Lane Centering Assist
  • 10.3.4.    Collision Avoidance Assist

10.4.    Europe Global Highway Driving Assist Market – By Country

  • 10.4.1.    Germany
  • 10.4.2.    France
  • 10.4.3.    UK
  • 10.4.4.    Spain
  • 10.4.5.    Italy
  • 10.4.6.    Rest of Europe

Chapter 11.    Asia Pacific Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030

11.1.    Asia Pacific Global Highway Driving Assist Market – Propulsion Type

  • 11.1.1.    BEV
  • 11.1.2.    HEV
  • 11.1.3.    PHEV
  • 11.1.4.    FCEV

11.2.    Asia Pacific Global Highway Driving Assist Market – By Component

  • 11.2.1.    Radar
  • 11.2.2.    Camera
  • 11.2.3.    Ultrasonic Sensor
  • 11.2.4.    Software Module
  • 11.2.5.    Navigation

11.3.    Asia Pacific Global Highway Driving Assist Market – By Function

  • 11.3.1.    Adaptive Cruise Control
  • 11.3.2.    Lane Keeping Assist
  • 11.3.3.    Lane Centering Assist
  • 11.3.4.    Collision Avoidance Assist

11.4.    Asia Pacific Global Highway Driving Assist Market – By Country

  • 11.4.1.    China
  • 11.4.2.    India
  • 11.4.3.    Japan
  • 11.4.4.    South Korea
  • 11.4.5.    Rest of Asia Pacific

Chapter 12.    South America Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030

12.1.    South America Global Highway Driving Assist Market – Propulsion Type

  • 12.1.1.    BEV
  • 12.1.2.    HEV
  • 12.1.3.    PHEV
  • 12.1.4.    FCEV

12.2.    South America Global Highway Driving Assist Market – By Component

  • 12.2.1.    Radar
  • 12.2.2.    Camera
  • 12.2.3.    Ultrasonic Sensor
  • 12.2.4.    Software Module
  • 12.2.5.    Navigation

12.3.    South America Global Highway Driving Assist Market – By Function

  • 12.3.1.    Adaptive Cruise Control
  • 12.3.2.    Lane Keeping Assist
  • 12.3.3.    Lane Centering Assist
  • 12.3.4.    Collision Avoidance Assist

12.4.    South America Global Highway Driving Assist Market – By Country

  • 12.4.1.    Brazil
  • 12.4.2.    Mexico
  • 12.4.3.    Rest of South America

Chapter 13.    Middle East & Africa Global Highway Driving Assist Market – Analysis and Revenue Forecast 2021-2030

13.1.    Middle East & Africa Global Highway Driving Assist Market – Propulsion Type

  • 13.1.1.    BEV
  • 13.1.2.    HEV
  • 13.1.3.    PHEV
  • 13.1.4.    FCEV

13.2.    Middle East & Africa Global Highway Driving Assist Market – By Component

  • 13.2.1.    Radar
  • 13.2.2.    Camera
  • 13.2.3.    Ultrasonic Sensor
  • 13.2.4.    Software Module
  • 13.2.5.    Navigation

13.3.    Middle East & Africa Global Highway Driving Assist Market – By Function

  • 13.3.1.    Adaptive Cruise Control
  • 13.3.2.    Lane Keeping Assist
  • 13.3.3.    Lane Centering Assist
  • 13.3.4.    Collision Avoidance Assist

13.4.    Middle East & Africa Global Highway Driving Assist Market – By Country

  • 13.4.1.    UAE
  • 13.4.2.    Saudi Arabia
  • 13.4.3.    Turkey
  • 13.4.4.    Rest of Middle East & Africa

Chapter 14.    Competitive Analysis

14.1.1.    Competition Dashboard

14.1.2.    Company Profiles

  • 14.1.2.1.    Valeo
  • 14.1.2.2.    Continental
  • 14.1.2.3.    Magna
  • 14.1.2.4.    ZF Friedrichshafen,
  • 14.1.2.5.    Robert Bosch

  1. Valeo
  2. Continental
  3. Magna
  4. ZF Friedrichshafen,
  5. Robert Bosch

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Report Highlights:

Complete overview of market
Major drivers, restrain, opportunities, and challenges of the market
Market Trends and how they are boosting the market growth
Changing dynamics in the Market
Complete overview of the market
Historical, Base year, projected, and current market size in terms of value and volume
COVID-19 Impact analysis of the market
Current industry trends and developments

CLIENTS