Technavio recently released a report on the top five suppliers in the Chinese automotive industry ADAS market. According to the report, by 2021, Bosch, Continental, Delphi Automotive, DENSO and Mobileye will be the Chinese automotive ADAS market. The most competitive player in the industry.
According to Technavio's research and analysis, the Chinese automotive ADAS market is expected to reach a strong compound annual growth rate of nearly 35% from 2017 to 2021. The market is provided by a few mature manufacturers or suppliers ADAS to the OEM.
As strict safety regulations and consumer awareness of vehicle safety increase may intensify market competition, especially after the Chinese government implements the C-NCAP2018 program, it is expected that China's ADAS market will show exponential growth.
The plan states that by 2018 all new cars must include the ADAS system. Bosch, Continental, Delphi Automotive, Denso, Mobileye, Valeo were identified as the main suppliers in the market. These companies invested heavily in R&D to reduce the cost of ADAS and increase the adoption rate.
“The Chinese market is a market that has huge potential for development and has not yet been developed. Government support is crucial to the development of the Chinese automotive market. With the advancement of Sensor and camera technology, the future components of ADAS will work with near-zero error. This will ensure better road safety,†said Ganesh Subramaniam, chief analyst at Technavio’s automotive electronics market.
Technavio market research analysts identified the following major suppliers:
Bosch
Bosch is known for the design and manufacture of automotive parts, including brakes, control devices, electric drives, electronic devices, fuel systems, generators, starter motors and steering systems. It has four business units, namely action solutions, industrial technology, consumer products, energy and construction technology.
Continental
Continental Group is a leading German automotive manufacturing company headquartered in Hanover, Germany. Specializing in tires, brake systems, automotive safety, powertrain and chassis components. The company is divided into five divisions, Chassis and Security, Powertrain, Interiors, Tires and ContiTech Technology.
Delphi Automotive
Delphi Automotive is known for designing and manufacturing a wide range of products and solutions for the automotive and commercial vehicle industries. Its products help to make vehicles safe, environmentally friendly, and cost-effective. The company has four business units, namely electrical and electronic structures, powertrain systems, electronics and safety and thermal systems.
DENSO
DENSO is known for its major players in the automotive industry for advanced automotive technology, systems and component design and manufacturing. The company has two business units, namely automotive, industrial and consumer goods. DENSO is one of the largest vendors in the EMS market and has a large product portfolio to meet the needs of OEMs and the aftermarket.
Mobileye
Mobileye is known for designing and manufacturing vision-based ADAS that can send alerts to prevent accidents or mitigate injuries. Mobileye's EyeQ chip market increased from 182,000 units in 2010 to 4.4 million units in 2015.
Valeo
Valeo is a well-known automotive supplier and partner of global automakers. It aims to reduce carbon dioxide emissions through the design of innovative smart action solutions.
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