Market Research Report
Rankings & Market Shares of the Top-20 Suppliers in ADAS & Automated Driving
|Rankings & Market Shares of the Top-20 Suppliers in ADAS & Automated Driving|
Published: June 30, 2022
Auto2x Ltd | Automotive Intelligence Consulting
Content info: 150 Pages; 200 Tables & Figures
Delivery time: 1-2 business days
ADAS Suppliers will almost double their revenues between 2021 and 2025 to reach €35 Billion due to the increase in sensor content for Level 3 and Level 4 autonomy. This market presents strong opportunities for incumbent suppliers and OEMs but also for new players with expertise in AI, compute and cloud technologies.
Read our report to learn about the rankings and market shares of 13 major suppliers in ADAS & Automated Driving by revenues, sensors and applications. The companies examined include APTIV, Bosch, Continental, Denso, Hella, Hitachi, Hyundai Mobis, Magna, Mobileye, Valeo, Veoneer, Zenuity and ZF. Our report also provides forecasts by 2025 by key sensors and major geographies.
ADAS revenues from Top-11 Suppliers grew with a CAGR of 14% between 2018 and 2021 to €15.45 Billion. Most of this revenue comes from sensors (cameras, radars, lidar, ultrasonics and supercomputers) to support Level 1-2 features.
Revenues from ADAS & Automated Driving will almost double between 2021 and 2025 to reach €35 Billion due to the increase in sensor content. Level 3 and 4 require enhanced redundancy, new centralized architecture, & driver-facing camera among others. This will drive demand for ADAS sensors, super-computers, AI, HD maps etc. It will also drive further collaboration between OEMs and Tier 1s-2s for the development of AD platforms.
"Revenues from ADAS & Automated Driving will almost double between 2020 and 2025 to reach €35 Billion due to the increase in sensor content, says Auto2x."
Levels 3 and 4 require enhanced redundancy, new centralised architecture, & driver-facing camera among others. This will drive demand for ADAS sensors, supercomputers, AI, high-precision maps etc. It will also drive further collaboration between OEMs and Tier 1s-2s for the development of AD platforms.
Auto2x assesses that in 2019 Bosch overtook Continental in terms of global ADAS revenues and maintained this position in 2020. This was attributed to the higher ADAS revenue growth Bosch recorded for the period 2015-2020 (Bosch CAGR: 32.9%) compared to Continental (CAGR 27.7%).
Continental led the ADAS market in the period 2015-2018 in terms of revenues, mainly by capitalising on its dominance in the camera market. Bosch followed as second leveraging a strong position in radar and camera which can support Level 1 and L2 features. As safety & convenience ADAS proliferate in Volume brands in major markets and premium OEMs shift to L3 from 2021, ADAS content will rise significantly. Positioning in camera, radar and lidar will be crucial to increasing ADAS & AD revenues.
Auto2x expects that in 2022, 42 models capable of Level 3 autonomy (Traffic Jam Pilot, Highway Pilot) and 108 models with Level 2 (Traffic Jam Assist, Cruise Assist) -mostly as optional equipment -are being offered in Europe, as the regulatory hurdles gradually clear away.
Since many carmakers don't manufacture ADAS features or sensors in-house, they rely on suppliers who are the leading manufacturers and distributors of components and features.
"Auto2x assessed that the Top-3 ADAS Suppliers, Continental, Bosch and Valeo, collectively recorded ADAS revenues of €6.13 billion in 2019, up 29.4% from 2018. The majority of these revenues come from the sales of ADAS sensors.The leading 11 ADAS Suppliers will experience average ADAS revenue growth of CAGR 21.2% between 2018 and 2020 which will lead to changes in the global Ranking-by-ADAS Revenue."
In 2019, Bosch's sales of driver assistance systems rose by 12% to around €2 billion. Apart from the leaders, other ADAS suppliers with smaller market shares in ADAS saw a substantial increase in ADAS business in the last 2 years. Bosch, the world's largest supplier by automotive revenue, saw revenues down by 7.9% in 2020 to €71.6 Billion from €77.7Bn in 2019, according to its preliminary figures.
In 2019, ZF's Electronics & ADAS division recorded sales of €1,848 million, up 10.9% from 2019 (€1.67 billion), according to their 2019 Annual report. The division accounted for 5% of ZF's total sales. The main driver for the growth in ADAS was the rising demand for camera-based ADAS.
ADAS sensors such as cameras and radar for cruising, parking, and safety ADAS still account for the majority of ADAS sales for major Tier-1s. ADAS suppliers introduced new functionalities in 2020, such as Bosch's new MPC3 video camera with AI-based object detection.
But 2020 also saw new business lines grow in order intake, among them supercomputers and lidar.
Already, Top ADAS Tier-1s such as Bosch, Continental and Aptiv, have recorded billions in ADAS Order Intake while they continue to invest to increase production capacity and shorten time-to-market. To close the technological gap and accelerate time-to-market, partnerships and synergies gain momentum to share costs and knowledge.
Major Automotive Suppliers aim to secure their position as leading providers of automated driving solutions. They are also looking to become providers of Mobility solutions and focus on Software and AI. These forces sparked a strong uptake in the re-organization of ADAS segments of major Suppliers in 2020.
As mobility shifts from product to service, the world's biggest automotive suppliers are striving to develop capabilities in AI and software. As new competitors enter the market, such as Qualcomm with the acquisition of Veoneer, legacy suppliers will need to protect existing contracts and expand to more carmakers and new business models to retain revenue growth.
Our Tier-1 Supplier Ranking by ADAS revenues (EUR Bn) includes: Aptiv, Bosch, Continental, Denso, Hella, Hitachi, Magna, Mobileye, Valeo, Veoneer, and ZF. We also cover the readiness level of Baidu, Huawei, Microsoft, Qualcomm, Samsung, Tencent.
A more descriptive list of companies examined includes:
Aeva, AEye, AImotive, Aisin Seiki, Alibaba, Ambarella, APTIV, Autoliv, Baidu, Bosch, Continental, Cruise, Delphi, Denso, EyeSight, Green Hills Software, Harman, Hella, HERE, Hitachi, Hyundai Mobis, Ibeo, Infineon, Innoviz, Kostal, Luminar, Magna, Mobileye, NVIDIA, OmniVision, OTTO, QNX, Renesas, Takata Corporation, Texas Instruments, TRW Automotive, TTTech, UBER, Valeo, Velodyne, Veoneer, Visteon, Wabco, Waymo, Zenuity, ZF.