Ahead of Bosch and Autoliv, Continental was the leading vendor of electronics for automotive ADAS in 2015. Collectively the top ten vendors accounted for almost 90% of the ADAS market.
Semicast 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.
Using this definition, Semicast estimates that revenues for ADAS electronics are forecast to grow to around $7bn in 2022, from $3bn in 2015, a CAGR of almost 13%. Revenues for total automotive electronic controllers are forecast to grow to almost $86bn in 2022, from an estimated $53bn in 2015, a CAGR of seven percent. ADAS is thus forecast to be the fastest growing sector for automotive electronic controllers from 2015 to 2022.
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%).
Colin Barnden, Principal Analyst at Semicast Research and study author, commented “From an electronics perspective, Semicast judges 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.”