|Status : Published
|Published On : Dec, 2023
|Report Code : VRAT9621
|Industry : Automotive & Transportation
|Available Format :
|Page : 128
The Europe ADAS market was valued at USD 7 billion in 2023 and is anticipated to reach USD 24.5 billion by 2030, witnessing a CAGR of 17.5% during the forecast period. ADAS is a set of sensors that work together to help and enhance the safety of both drivers and passengers on the road. It gathers information about traffic and driver behavior and improves human-machine interaction with voice and visual alerts. This technology can avert crashes and accidents. Radar and cameras assist drivers with real-time information about the surroundings. ADAS leads the charge toward driverless vehicles. The next-generation automotive electronic safety systems and autonomous vehicles are built on ADAS systems. Thus, vehicles having ADAS software aids in assisting drivers to identify objects and alert them about hazardous conditions and impending danger.
The market has gained momentum post-COVID-19 crisis as manufacturers have adjusted production and prevented bottlenecks as per the market demand from OEMs and tier 1 manufacturers.
Insight by Offerings
Based on Offerings, the Europe ADAS market is bifurcated into Hardware and Software. The software segment is anticipated to have a high CAGR during the forecast period. In order to identify the entire landscape around the automobile and take immediate action to ensure the driver's safety, ADAS software collects and verifies data from all sensors. These decisions could be made after evaluating traffic participation, density, and anticipated traffic patterns.
Insight by System Type
Based on System Type, the Europe ADAS market is divided into Tire-Pressure Monitoring Systems (TPMS), Automatic Emergency Braking Systems (AEBS), Driver Monitoring Systems (DMS), Parking Assist Systems, Adaptive Cruise Control Systems (ACCS), Blind Spot Detection System (BSDS), Lane Departure Warning System (LDWS), Traffic Sign Recognition System (TSRS), Forward Collision Warning System (FCWS), Night Vision System (NVS), Pedestrian Detection System (PDS), Traffic Jam Assistance Systems (TJAS) and Adaptive Front-Lighting System (AFLS). The tire pressure monitoring system is anticipated to contribute the largest share in the market as these systems have less price and permit aftermarket adoption by small and medium car owners.
Insight by Sensor
Based on Sensors, the Europe ADAS market is segmented into Ultrasonic Sensor, Infrared Sensor, Radar Sensor, Image Sensor, Light Detection and Ranging (LiDAR) Sensors, and Laser Sensors. The radar sensor is anticipated to dominate the market owing to increased adoption of these systems like adaptive cruise control systems, etc., rising number of accidents, and a surge in awareness among people regarding safety, resulting in rapid market demand for radar sensors in European countries.
LiDAR sensors are anticipated to have a high CAGR during the forecast period. It can perform a 3-D scan of an area to create high-resolution maps of the surroundings. Moreover, technological development in the automotive industry and favorable regulation for vehicle safety will drive the market growth for LiDAR sensors during the predicted period.
Insight by Vehicle Type
Based on vehicle type, the Europe ADAS market is segregated into Passenger Cars, Light Commercial Vehicles (LCVs), and Medium and Heavy Commercial Vehicles. The passenger car segment dominates the market owing to rising concerns about safety among users, supportive legislation, and enhanced road safety standards. In October 2021, The European Commission launched the Vision Zero plan i.e., zero fatalities and serious injuries by 2050. Furthermore, it has a target to decrease road traffic deaths and injuries by 50% by 2030.
The light commercial vehicles category held a significant market share. As the European Union has mandated that all heavy commercial vehicles should have basic ADAS features like lane departure warning systems, adaptive cruise control systems, and autonomous emergency braking systems, resulting in increased demand for ADAS in heavy commercial vehicles over the course of the forecast period.
Europe ADAS Market Report Coverage
Base Year Considered
2025 - 2030
Market Size in 2022
Revenue Forecast in 2030
Segments Covered in the Report
By Offerings, By System Type, By Sensor, and By Vehicle Type
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report
Europe (Germany, U.K., France, Russia, Ukraine, Rest of Europe)
Factors attributing to the market growth for the European ADAS market include rising concern about road safety among people and favorable government regulations. In July 2022, the EU announced new Vehicle General Safety Regulation which has led to the introduction of mandatory advanced driver assistance systems which will enhance road safety and outlines the legal foundation for the EU's authorization of automated and fully autonomous cars. By 2038, it is anticipated that the new safety regulations would protect cyclists, pedestrians, and passengers across the EU, saving over 25,000 fatalities and preventing at least 140,000 serious injuries.
It is expected that the advent of self-driving cars would change how people commute. Driving difficulty has been significantly reduced by ADAS's lane monitoring, emergency braking, and stability control functions. Modern systems and technologies, such as LiDAR, radar, ultrasonic sensors, and high-definition cameras, are used by autonomous vehicles to collect data. To operate the car safely, an onboard intelligent autonomous driving system analyses this data. With the increasing use of autonomous advanced driver assistance systems, OEMs intend to provide semi-autonomous vehicles with more cruise control features and improved safety systems. Self-driving trucks will save fuel and increase driver productivity. As a result, these trucks are able to interact with other autonomous vehicles, which enables them to move through traffic more quickly and save fuel. Therefore, over the projected period, the market for advanced driver assistance systems (ADAS) will benefit greatly from the increasing deployment of autonomous vehicles.
The rising incidence of software failure in sensors, and the high cost associated with these systems will act as a challenge for the market development of the ADAS industry in Europe. Moreover, the main issue in the constantly expanding ADAS and vehicle automation business is to increase system performance and accuracy without raising costs. In Europe, active safety systems like ADAS are typically offered as extra packages in premium vehicles.
The introduction of multifunctional sensors is anticipated to open up a lot of room for market expansion in the European ADAS industry. With the passage of time and advancements in associated technologies, the ADAS market is evolving. A single sensor will soon be capable of handling various tasks for a number of various controls in the vehicle. For instance, the multifunctional camera can carry out multiple essential tasks at once, which lowers the overall cost of integrating cameras into vehicles. In the upcoming years, this is anticipated to present a significant opportunity for the European market.
The experts believe that governments globally are promoting the adoption of electric vehicles among their population which creates a significant opportunity for the ADAS business. These manufacturers put a lot of effort into optimizing the use of memory protection devices and streamlining their codes.
Germany is anticipated to have significant growth in the ADAS industry during the forecast period. There is the increased importance of lane assist systems and automatic emergency braking systems among people which has expanded the potential market for ADAS in Germany. Additionally, new production facilities being built in the nation by original equipment manufacturers will help the ADAS market expand. This action would aid in accelerating the adoption of sophisticated driver assistance technologies in automobiles, hence assisting in reducing the expenses associated with exporting.
Additionally, the Dutch legislative body has allowed automakers to test their automated vehicles on public roads. The local Dutch players are likewise attempting to introduce ADAS to the market.
The ADAS market in Europe has both domestic and international companies, making it moderately competitive. To obtain a competitive advantage in the market, the leading competitors recently implemented a number of strategic actions, including product launches, alliances, and facility expansions.
With 110 manufacturing facilities, including their entire automotive engineering and production operations in Graz, Austria, Magna is one of the prominent supplier in the EU. The European Union, which gave birth to the automobile, is home to one of the most active global industrial hubs. The path taken by the EU's automotive sector is distinguished by a strong and long-standing dedication to private investment in R&D and by a trailblazing interest in green vehicles. Magna is expanding there as well, and Eastern Europe as a whole is still expanding. Magna is developing technologies that enable future Advanced Driver Assistance Systems and offer future autonomous driving and new mobility solutions. ADAS technologies include surround view, lighting automation, automated parking, cross-traffic view, automated highway driving, dirty lens detection, rear seat monitoring, and automated emergency braking.
Bosch is ushering forth a new era of mobility with its cutting-edge driver assistance systems. Bosch provides solutions for automatic parking and all degrees of automation, many of which are currently in use in large-scale manufacturing. Customers gain from Bosch's unique strengths and skills, such as its global presence and local testing of automation solutions, in addition to the company's excellent technology. Bosch is the preferred partner for automated mobility because of these competencies. To assist OEMs in various simulation tasks, Bosch Engineering offers a cutting-edge digital engineering approach for the virtualization of ADAS functionalities. This opens up brand-new opportunities for the creation of ADAS software using a realistic virtual setting like Unreal Engine.
Recent Development by Key Players
In November 2022, Continental will offer Advanced Driver Assistance Systems (ADAS) solutions based on Ambarella's "CV3" artificial intelligence (AI) system-on-chip (SoC) family in the future. The high-performance, power-efficient, and scalable SoC range designed for ADAS applications complements Continental's assisted driving solutions and improves vehicle automation. The more sensors fitted in a vehicle; the more data is collected to identify the environment. Because of the increased performance level, the integrated solution with centralized single-chip processing based on 5-nanometer technology enables the future generation of cars to process the environment perception of many sensors even faster.
In May 2022, a multi-year agreement was made between BlackBerry and Magna International to work together on various integrated Advanced Driver Assistance Systems (ADAS) solutions. BlackBerry will supply Magna with QNX software as part of the deal, including the QNX Software Development Platform, QNX OS for Safety, and QNX Platform for ADAS, as well as expert technical services for system-level integration, performance optimization, and solution validation.
In May 2022, Valeo and the BMW Group announced a significant collaboration in which Valeo will supply the ADAS domain controller, sensors, and software for parking and maneuvering for BMW's future platform generation "Neue Klasse"*, which is scheduled to launch in 2025.
Key Players Covered in the Report
Some of the prominent players in the Europe ADAS market include Magna International Inc., Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Valeo SA, Autoliv Inc., The Ford Motor Company, BMW AG, Continental AG, DENSO CORPORATION, and AUDI AG.
The Europe ADAS Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
PRIMARY RESEARCH INTERVIEWS – BREAKDOWN