The Europe Advanced Driver Assistance System (ADAS) Market is expected to witness market growth of 10.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Advanced Driver Assistance System (ADAS) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.67 billion by 2031. The UK market is exhibiting a CAGR of 9.5% during 2024-2031. Additionally, the France market would experience a CAGR of 11.5% during 2024-2031.
ADAS applications like Automatic Emergency Braking (AEB) and Lane-Keeping Assist (LKA) in buses enhance passenger safety by minimizing the risk of accidents. Additionally, systems that assist with smooth acceleration and braking can improve overall ride comfort. ADAS can be designed to assist drivers of public vehicles in accommodating passengers with disabilities, such as alerts for wheelchair users at curbside pick-up locations.
ADAS applications can analyze traffic patterns and suggest optimal delivery routes, reducing travel time and fuel consumption. This is particularly useful for last-mile delivery operations in urban areas. Features like cross-traffic alerts and rear-view cameras assist drivers during loading and unloading, preventing accidents in busy warehouse and delivery environments.
The regulation lays the groundwork for approving automated and fully driverless vehicles within the EU, positioning Europe at the forefront of automotive innovation. By fostering a conducive environment for developing and deploying autonomous driving technologies, the regulation encourages manufacturers to enhance their ADAS offerings, ultimately benefiting consumers and improving road safety. Thus, the Vehicle General Safety Regulation represents a pivotal step towards safer roads in Europe, driving the advancement of ADAS technologies and reinforcing the region’s leadership in automotive safety.
The Germany market dominated the Europe Advanced Driver Assistance System (ADAS) Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $4.67 billion by 2031. The UK market is exhibiting a CAGR of 9.5% during 2024-2031. Additionally, the France market would experience a CAGR of 11.5% during 2024-2031.
ADAS applications like Automatic Emergency Braking (AEB) and Lane-Keeping Assist (LKA) in buses enhance passenger safety by minimizing the risk of accidents. Additionally, systems that assist with smooth acceleration and braking can improve overall ride comfort. ADAS can be designed to assist drivers of public vehicles in accommodating passengers with disabilities, such as alerts for wheelchair users at curbside pick-up locations.
ADAS applications can analyze traffic patterns and suggest optimal delivery routes, reducing travel time and fuel consumption. This is particularly useful for last-mile delivery operations in urban areas. Features like cross-traffic alerts and rear-view cameras assist drivers during loading and unloading, preventing accidents in busy warehouse and delivery environments.
The regulation lays the groundwork for approving automated and fully driverless vehicles within the EU, positioning Europe at the forefront of automotive innovation. By fostering a conducive environment for developing and deploying autonomous driving technologies, the regulation encourages manufacturers to enhance their ADAS offerings, ultimately benefiting consumers and improving road safety. Thus, the Vehicle General Safety Regulation represents a pivotal step towards safer roads in Europe, driving the advancement of ADAS technologies and reinforcing the region’s leadership in automotive safety.
List of Key Companies Profiled
- Autoliv, Inc.
- Denso Corporation
- Valeo SA
- NXP Semiconductors N.V.
- Continental AG
- Robert Bosch GmbH
- Garmin Ltd.
- Infineon Technologies AG
- Magna International, Inc.
- Panasonic Holdings Corporation
Market Report Segmentation
By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Component
- Sensors
- Radar
- LiDAR
- Ultrasonic
- Other Sensors Type
- Software
- Processor
- Other Component
By Solution Type
- Adaptive Cruise Control (ACC)
- Blind Spot Detection System (BSD)
- Park Assistance
- Autonomous Emergency Braking (AEB)
- Lane Departure Warning (LDWS) System
- Tire Pressure Monitoring System (TPMS)
- Adaptive Front Lights (AFL)
- Other Solution Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Advanced Driver Assistance System (ADAS) Market by Vehicle Type
Chapter 6. Europe Advanced Driver Assistance System (ADAS) Market by Component
Chapter 7. Europe Advanced Driver Assistance System (ADAS) Market by Solution Type
Chapter 8. Europe Advanced Driver Assistance System (ADAS) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
Some of the leading companies profiled in this Europe Advanced Driver Assistance System (ADAS) Market report include:- Autoliv, Inc.
- Denso Corporation
- Valeo SA
- NXP Semiconductors N.V.
- Continental AG
- Robert Bosch GmbH
- Garmin Ltd.
- Infineon Technologies AG
- Magna International, Inc.
- Panasonic Holdings Corporation
Methodology
LOADING...
