Among the top five suppliers in this selection, Bosch, Continental, Delphi Automotive, DENSO, and Mobileye stand out as key players in the Chinese automotive ADAS market. Technavio recently released a report highlighting these companies as the leading contenders in the industry, with their influence expected to grow significantly by 2021.
According to Technavio’s analysis, the Chinese ADAS market is projected to experience a robust compound annual growth rate of nearly 35% from 2017 to 2021. This rapid expansion is driven by a small number of established manufacturers who provide ADAS solutions to original equipment manufacturers (OEMs). As safety regulations become stricter and consumer awareness of vehicle safety increases, competition in the market is expected to intensify.
The implementation of the C-NCAP 2018 program by the Chinese government is likely to accelerate the adoption of ADAS technologies, leading to exponential growth in the sector. The plan mandates that all new cars must be equipped with ADAS systems by 2018. Bosch, Continental, Delphi Automotive, DENSO, Mobileye, and Valeo are among the primary suppliers, investing heavily in R&D to lower costs and increase the adoption of ADAS technology.
Ganesh Subramaniam, chief analyst at Technavio’s automotive electronics market, noted, “The Chinese market holds immense potential for development, and it's still largely untapped. Government support plays a crucial role in shaping the automotive industry. With advancements in sensor and camera technology, future ADAS components will operate with near-zero error, significantly improving road safety.â€
Technavio’s research identified the following major suppliers in the Chinese ADAS market:
Bosch
Bosch is renowned for its design and manufacturing of automotive components such as brakes, control devices, electric drives, electronic systems, fuel systems, generators, starters, and steering systems. The company operates through four business units: Aftermarket Solutions, Industrial Technology, Consumer Products, and Energy and Construction Technology.
Continental
Headquartered in Hanover, Germany, Continental is a global leader in automotive manufacturing. It specializes in tires, brake systems, automotive safety, powertrain, and chassis components. The company is divided into five divisions: Chassis and Safety, Powertrain, Interior, Tires, and ContiTech Technology.
Delphi Automotive
Delphi Automotive provides a wide range of products and solutions for the automotive and commercial vehicle industries. Its offerings focus on making vehicles safer, more environmentally friendly, and cost-effective. The company has four business units: Electrical and Electronic Architecture, Powertrain Systems, Electronics and Safety, and Thermal Systems.
DENSO
DENSO is a major player in advanced automotive technology, specializing in system and component design and manufacturing. The company has two business units: Automotive and Industrial & Consumer Goods. DENSO is one of the largest suppliers in the EMS market, offering a broad product portfolio to meet the needs of both OEMs and the aftermarket.
Mobileye
Mobileye is known for its vision-based ADAS systems that help prevent accidents or reduce injuries. The company's EyeQ chip market grew from 182,000 units in 2010 to 4.4 million units in 2015, showcasing its strong presence in the industry.
Valeo
Valeo is a well-established supplier and partner to global automakers. It focuses on developing innovative smart mobility solutions aimed at reducing carbon dioxide emissions and enhancing vehicle performance.
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