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Report Overview

The Philippines ADAS market size is projected to grow at a CAGR of 15.10% between 2024 and 2032. Expansion of the automotive sector and stringent road safety rules are augmenting the market growth.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • In 2022, the Philippines recorded sales of 226,403 new motor vehicles, thereby contributing to the Philippines ADAS market revenue.
  • As per the industry reports, the Electric Vehicle Association of the Philippines (EVAP) projects that the quantity of electric vehicles in the nation will increase significantly, reaching 6.6 million by the year 2030.
  • In the first half of 2024, total automobile sales reached 228,753 units, reflecting an increase of 10.1% when compared to the total of 207,777 units recorded during the same period in 2023.
Philippines ADAS Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion XX
Market Size 2032 USD Billion XX
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 15.1%
CAGR 2024-2032 - Market by Solution Adaptive Cruise Control 17.2%
CAGR 2024-2032 - Market by Vehicle Type Passenger Cars 16.6%
2023 Market Share by Vehicle Type Passenger Cars 67.5%

Philippines ADAS Market Growth

The anticipated growth of electric vehicles in the country is remarkable, with projections indicating the emergence of approximately 3.6 million electric motorcycles and 300,000 private electric cars. A study conducted by Nissan revealed that 46% of Filipino participants are open to considering an electric vehicle for their next purchase, positioning the Philippines as a significant market for Nissan's electric offerings and consequently leading to the Philippines ADAS market expansion.

Furthermore, it is estimated that electric motorcycles and scooters will account for 25% of the total two-wheeler market by 2025. The Philippines is also on track to establish itself as a key player and manufacturing centre in the electric vehicle sector, capitalising on its resources and strategic location within Southeast Asia. The increasing adoption of electric vehicles is fostering a greater reliance on ADAS. As manufacturers of electric vehicles emphasise advanced, safety-oriented features, the integration of ADAS becomes crucial for improving the driving experience, enhancing safety, and increasing the attractiveness of the vehicles. This focus on autonomous capabilities resonates with consumers who are both environmentally conscious and technologically inclined.

As per the Philippines ADAS market analysis, the growing rigor of vehicle safety regulations in the Philippines is significantly boosting the demand for ADAS features. These regulations, designed to minimise accidents and enhance road safety, are making ADAS features such as automatic braking, lane-keeping assistance, and collision detection indispensable in new vehicles, thereby meeting both regulatory requirements and consumer safety standards.

CAGR 2024-2032 - Market by Solution
Adaptive Cruise Control 17.2%
Blind Spot Detection (BSD) System 16.1%
Adaptive Front Light XX%
Park Assistance XX%
Lane Departure Warning System XX%
Others XX%

Compound Annual Growth Rate

Value in USD Billion

15.1%

2024-2032


Philippines ADAS Market Outlook

*this image is indicative*

Key Trends and Developments

Philippines ADAS Market Trends

The market is experiencing significant growth, propelled by more stringent government regulations focused on enhancing road safety and minimising traffic incidents. Notable trends include an increasing consumer preference for safety features, leading to the expansion of Philippines ADAS market size. The rapid urbanisation and escalating traffic congestion in the Philippines further necessitate the adoption of vehicles equipped with ADAS, as these technologies contribute to improved safety and convenience in densely populated areas.

CAGR 2024-2032 - Market by Vehicle Type
Passenger Cars 16.6%
Commercial Vehicles XX%

Philippines ADAS Industry Segmentation

The EMR’s report titled “Philippines ADAS Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Breakup by Solution

  • Adaptive Cruise Control
  • Adaptive Front Light
  • Blind Spot Detection (BSD) System
  • Park Assistance
  • Lane Departure Warning System
  • Tire Pressure Monitoring System
  • Autonomous Emergency Braking
  • Others

Breakup by Vehicle Type

  • Passenger Cars
  • Commercial Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles

Breakup by Component

  • Processors
  • Sensors
    • Radar
    • LiDAR
    • Ultrasonic
    • Others
  • Software
  • Others

Philippines ADAS Market Share

Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger cars segment is projected to dominate the market, representing a CAGR of 16.6%, leading to the Philippines ADAS market development. ADAS in passenger vehicles greatly enhance driver safety and convenience by incorporating important features. These technologies reduce the risk of accidents and improve the overall driving experience, especially in heavy traffic situations.

2023 Market Share by Vehicle Type
Passenger Cars 68%
Commercial Vehicles XX%

Leading Companies in the Philippines ADAS Market

Major players are focusing on the adoption of technological advancements to gain a competitive edge and improve the Philippines ADAS market outlook.

Denso Corporation

Denso Corporation, established in 1949 and located in Kariya, Japan, is renowned for its automotive components. The company specialises in cutting-edge systems such as ADAS, electrification, and vehicle automation, positioning itself as a prominent supplier in automotive technology aimed at enhancing safety and efficiency.

Nidec Corporation

Founded in 1973 and headquartered in Kyoto, Japan, Nidec Corporation concentrates on electric motor technologi...

ZF Friedrichshafen AG

Founded in 1915 and based in Friedrichshafen, Germany, ZF Friedrichshafen AG stands as a global authority in d...

NXP B.V.

Established in 1953 and headquartered in Eindhoven, Netherlands, NXP B.V. is a specialist in semiconductor tec...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other major players in the market are Continental AG, Robert Bosch GmbH, Garmin Ltd., Valeo SE, Hitachi Ltd., and Aptiv Plc, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 15.10% between 2024 and 2032.

The major drivers of the market are rising road safety rules and expansion of the automotive sector.

As per the EMR report, the different vehicle types are passenger cars and commercial vehicles.

The key trends in the market are rising adoption electric vehicles and stringent regulation laid by the government.

The major types of solutions in the market are adaptive cruise control, adaptive front light, blind spot detection (BSD) system, park assistance, lane departure warning system, tire pressure monitoring system, and autonomous emergency braking, among others.

The different types of components in the market are processors, sensors, and software among others.

The major players in the market are Continental AG, Robert Bosch GmbH, Denso Corp., Magna International Inc., ZF Friedrichshafen AG, NXP B.V., Garmin Ltd., Valeo SE, Hitachi Ltd., and Ouster, Inc., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Solution
  • Vehicle Type
  • Component
Breakup by Solution
  • Adaptive Cruise Control
  • Adaptive Front Light
  • Blind Spot Detection (BSD) System
  • Park Assistance
  • Lane Departure Warning System
  • Tire Pressure Monitoring System
  • Autonomous Emergency Braking
  • Others
Breakup by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
Breakup by Component
  • Processors
  • Sensors
  • Software
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Continental AG
  • Robert Bosch GmbH
  • Denso Corp.
  • Nidec Corp.
  • ZF Friedrichshafen AG
  • NXP B.V.
  • Garmin Ltd.
  • Valeo SE
  • Hitachi Ltd.
  • Aptiv Plc
  • Others

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124