In a recent report, Technavio highlighted the top five suppliers in China's automotive Advanced Driver Assistance Systems (ADAS) market. According to the analysis, by 2021, Bosch, Continental, Delphi Automotive, DENSO, and Mobileye are expected to dominate this rapidly growing sector. These companies are positioned as the most competitive players, driven by increasing demand for advanced safety features in vehicles.
Technavio's research indicates that the Chinese ADAS market is projected to grow at a robust compound annual growth rate (CAGR) of nearly 35% from 2017 to 2021. The market is primarily supplied by a small number of established manufacturers who provide ADAS solutions to original equipment manufacturers (OEMs). As vehicle safety regulations become stricter and consumer awareness about road safety increases, competition in the market is expected to intensify.
The introduction of the C-NCAP 2018 program by the Chinese government has further accelerated the adoption of ADAS technologies. This initiative mandates improved safety standards, which is likely to drive exponential growth in the market. Additionally, the plan requires all new vehicles to be equipped with ADAS systems by 2018. Bosch, Continental, Delphi Automotive, DENSO, Mobileye, and Valeo have emerged as key suppliers in this space, investing heavily in R&D to reduce costs and improve the penetration of ADAS technologies.
Ganesh Subramaniam, chief analyst at Technavio’s automotive electronics market, noted, “China represents a market with immense untapped potential. Government support plays a crucial role in shaping the future of the automotive industry. With advancements in sensor and camera technology, future ADAS components will operate with near-zero error, significantly enhancing road safety.â€
Here are the major suppliers identified by Technavio:
**Bosch**
Bosch is a global leader in automotive parts, offering a wide range of products such as brakes, control units, electric drives, and steering systems. The company operates through four business segments: mobility solutions, industrial technology, consumer goods, and energy and building technology.
**Continental**
Based in Hanover, Germany, Continental is a leading automotive supplier specializing in tires, braking systems, and safety technologies. The company is organized into five divisions: Chassis and Safety, Powertrain, Interiors, Tires, and ContiTech Technology.
**Delphi Automotive**
Delphi Automotive provides innovative solutions for both passenger and commercial vehicles, focusing on safety, efficiency, and cost-effectiveness. Its business units include Electrical and Electronic Architecture, Powertrain Systems, Electronics and Safety, and Thermal Systems.
**DENSO**
As one of the largest automotive component manufacturers, DENSO specializes in advanced automotive technologies. The company serves both OEMs and the aftermarket, with two main business segments: Automotive and Industrial & Consumer Goods.
**Mobileye**
Mobileye is a pioneer in vision-based ADAS technology, known for its EyeQ chips used in collision avoidance systems. The company saw a significant increase in chip shipments, rising from 182,000 units in 2010 to 4.4 million units in 2015.
**Valeo**
Valeo is a well-established supplier to global automakers, focusing on smart and sustainable mobility solutions. The company is committed to reducing carbon emissions through innovation in automotive technologies.
With continued investment and regulatory push, the Chinese ADAS market is set for substantial growth, making it a key area of interest for both local and international players.
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