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In Southeast Asia (SEA), consumer preference for vehicle ownership is gradually declining, particularly in countries where parking and congestion fees strain people’s budgets. In contrast, car sharing provides a hassle-free mobility solution that can significantly reduce consumers’ living costs. Car sharing platforms are available in various busine...

The Thailand Value for Money Database provides an overview of the value for money offered to customers by the top 15 vehicle models in Thailand in the year 2013. It offers detailed information on the price of each model variant, along with the highest sales volumes, cost of parts, cost of labor, fuel costs, and total cost of ownership for a span of...

This research service analyzes over-the-air (OTA) updates from Asian original equipment manufacturers and examines opportunities for market participants to enhance their OTA capabilities and gain a competitive edge. The study looks at both firmware OTA (FOTA) and software OTA (SOTA) strategies. The growing use of embedded technology and 5G will boo...

This research service presents an analysis of commercial vehicle telematics market in Australia including Medium and Heavy Commercial Vehicles during 20132020. It analyzes the developments in telematics industry for commercial vehicles and presents an outlook of domestic growth opportunities. It also identifies the evolution roadmap and provides ...

27 Dec 2018  |  Asia Pacific  |  Market Research

ADAS Market for Passenger Cars in China, 2017–2025

ADAS Sales to Achieve 69.4 Million Units by 2025 in China

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In 2017, the Advanced Driver Assistance System (ADAS) market for passenger cars recorded 15.5 million in unit sales. The market is expected to experience rapid growth at a compound annual growth rate (CAGR) of 20.6% during 2017–2025. Sales volumes are likely to increase to 69.4 million units in 2025. As an emerging market, the ADAS market for pass...

The e-commerce boom, increasing internet penetration, intensifying urbanization and a work-from-home economy brought on by COVID-19 have accelerated the demand for last-mile delivery. There has been significant growth in last-mile delivery for a number of years, posing challenges for businesses and also driving steady innovation and progress. Then ...

China’s passenger vehicle navigation on autopilot (NOA) market is entering a phase of accelerated commercialization, scaling from 2.4 million units in 2025 to 15.0 million by 2032, reflecting a strong 29.8% CAGR. This surge marks a decisive transition from early-adopter experimentation to mass-market deployment, fueled by factory-fitted hardware st...

In 2015, the annual production volume of Vietnamese 2-wheeler and 4-wheeler vehicle manufacturing industry was growing positively by 6.4% year-on-year. Following, 2-wheeler and 4-wheeler vehicle manufacturing industry is forecasted to experience a stable growth at a CAGR of 6.7% in Vietnam during 2015 – 2022. The 2-wheeler vehicle manufacturing i...

A total of 20.81 billion ride sharing services were offered in China in 2017. The overall ride sharing member size in China has achieved 207.4 million in 2017. The percent share breaks down as follows: commuting ride sharing 45.6%, dynamic ride sharing 32.3%, and fixed long distance ride sharing services 22.1%. Ride sharing services in China are o...