Report : Europe Advanced Driver Assistance systems (ADAS) Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Sensor Type (Image Sensor, LiDAR, Radar Sensor, Ultrasonic Sensor, and Infrared Sensor), Technology Type (Adaptive Front Light, Blind Spot Detection, Electronic Brake Assist, Drowsiness-Monitoring System, Lane Departure Warning, Head-up Display, Night Vision System, Park Assist, E-Call Telematics, Tire Pressure-Monitoring System, and Others), and Vehicle Type (Passenger Car, LCV, and HCV)
At 24.3% CAGR, the Europe Advanced Driver Assistance Systems (ADAS) Market is speculated to be worth US$ 51,468.16 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe advanced driver assistance systems (ADAS) market was valued at US$ 13,983.88 million in 2022 and is expected to reach US$ 51,468.16 million by 2028, registering an annual growth rate of 24.3% from 2022 to 2028. Increasing demand for safety and driving comfort features and growing adoption of integrated radar and camera systems.
The incorporation of different sensors into automobiles is fueled by the rise of advanced driver assistance systems (ADAS) and autonomous driving (AD) solutions. Radars, cameras, and ultrasonic sensors have become industry standards, responding to the need for road safety improvements. Light detection and ranging (LiDAR) technology has been included in the list and is being used in cars now on the assembly line. One of the most significant advantages of LiDAR is that the light source is a fully integrated component of the system. LiDAR sensors generate light pulses that light up the required area using an eye-safe laser. They work independently of the surrounding illumination, unlike cameras. LiDAR can accomplish incredible results at any time of day or night, with no loss of performance owing to obstructing factors like shadows, sunshine, or headlight glare. For example, LeddarTech's LeddarEngine can process over 1 billion data per second, it is simple to understand how the system can figure out an object's shape, size, and movement, which implies that the car is always up to date on what is going on in its surroundings. If more comprehensive 3D data is necessary, the resolution must be raised. High resolutions are especially crucial for autonomous driving, but smart toll systems, for example, require lesser resolutions. In this scenario, LiDAR determines the size of the driving vehicle before activating a camera that captures the license plate for toll collection. Both instances need extreme precision, with autonomous driving necessitating even more precise detail. This is not an issue for LeddarTech because the architecture is very scalable. If additional light pulses need to be captured and analyzed, more LeddarEngine SOCs can be utilized in parallel. These factors lead to the growth of the Advanced Driver Assistance Systems (ADAS) market. This is expected to drive the market during the forecast period.
On the contrary, loss of required infrastructure for ADAS in developing countries hurdles the growth of Europe advanced driver assistance systems (ADAS) market.
- Based on sensor type, the Europe advanced driver assistance systems (ADAS) market is divided into image sensor, LiDAR, radar sensor, ultrasonic sensor, and infrared sensor. The ultrasonic sensor advanced driver assistance systems (ADAS) segment held 40.8% market share in 2022, amassing US$ 5,707.57 million. It is projected to garner US$ 21,354.51 million by 2028 to expand at 26.0% CAGR during 2022–2028.
- Based on technology type, the Europe advanced driver assistance systems (ADAS) market is categorized into adaptive front light, blind spot detection, electronic brake assist, drowsiness-monitoring system, lane departure warning, head-up display, night vision system, park assist, E-call telematics, tire pressure-monitoring system, and others. The blind spot detection segment held 19.1% market share in 2022, amassing US$ 2,675.62 million. It is projected to garner US$ 10,602.44 million by 2028 to expand at 25.8% CAGR during 2022–2028.
- Based on vehicle, the Europe advanced driver assistance systems (ADAS) market is categorized into passenger car, LCV, and HCV. The passenger car segment held 78.0% market share in 2022, amassing US$ 10,908.97 million. It is projected to garner US$ 41,237.90 million by 2028 to expand at 24.8% CAGR during 2022–2028.
- Based on country, the Europe advanced driver assistance systems (ADAS) market has been categorized into the Germany, France, Italy, UK, Russia, and Rest of Europe. Our regional analysis states that Germany captured 28.0% market share in 2022. It was assessed at US$ 3,910.48 million in 2022 and is likely to hit US$ 14,920.62 million by 2028, exhibiting a CAGR of 25.0% during the forecast period.
Key players dominating the Europe Advanced driver assistance systems (ADAS) market are Aptiv PLC; Continental AG; Cypress Semiconductor Corporation; Denso Corporation; First Sensor AG; Harman International; Hitachi, Ltd.; NXP Semiconductors; Robert Bosch GmbH; and ZF Friedrichshafen AG, among others.
- In Feb 2022, Infineon’s new generation of AURIX™ microcontrollers accelerates electrification and digitalization of the car.
- In Mar 20, TE Connectivity acquires major share of First Sensor AG.
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