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)
No. of Pages:184
Report Code:
BMIRE00027314
Category:
Automotive and Transportation
Europe Advanced Driver Assistance systems (ADAS) Market
The Europe advanced driver assistance systems (ADAS) market is expected to grow from US$ 13,983.88 million in 2022 to US$ 51,468.16 million by 2028; it is estimated to grow at a CAGR of 24.3% from 2022 to 2028.
The introduction of self-driving vehicles is predicted to transform commuting. With features such as lane monitoring, emergency braking, and stability control, ADAS has considerably decreased driving complexity. Autonomous cars use modern technologies and systems, including LiDAR, radar, ultrasonic sensors, and high-definition cameras, to acquire data. An onboard smart autonomous driving system analyzes this data to operate the car safely. OEMs plan to include more cruise control capabilities and enhanced safety systems in semiautonomous vehicles with the rising adoption of autonomous advanced driver assistance systems. Self-driving trucks will reduce fuel consumption and improve driver’s efficiency. Hence, such trucks can communicate with other autonomous vehicles, allowing them to navigate traffic more rapidly, thereby increasing fuel economy. Thus, the rising adoption of autonomous vehicles will provide a lucrative opportunity for the growth of the advanced driver assistance systems (ADAS) market during the forecast period
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe advanced driver assistance systems (ADAS) market at a good CAGR during the forecast period.
Europe Advanced Driver Assistance Systems (ADAS) Market Revenue and Forecast to 2028 (US$ Million)
Europe Advanced Driver Assistance Systems (ADAS) Market Segmentation
The Europe advanced driver assistance systems (ADAS) market is segmented based on sensor type, technology, vehicle, and country. Based on sensor, the Europe advanced driver assistance systems (ADAS) market is segmented into image sensor, LiDAR, radar sensor, ultrasonic sensor, and infrared sensor. The ultrasonic sensor segment is dominating the market in 2022. Based on technology, 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 is dominating the market in 2022. Based on vehicle, the Europe advanced driver assistance systems (ADAS) market is categorized into passenger car, LCV, and HCV. The passenger car segment is dominating the Europe advanced driver assistance systems (ADAS) market in 2022. Based on country, the Europe advanced driver assistance systems (ADAS) market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. Germany is dominating the Europe advanced driver assistance systems (ADAS) market in 2022.
A few key players operating in 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 by Altair.
Europe Advanced Driver Assistance systems (ADAS) Market Strategic Insights
Get more information on this report
Europe Advanced Driver Assistance systems (ADAS) Market Segmentation Analysis
Europe Advanced Driver Assistance systems (ADAS) Market Report Highlights
Europe Advanced Driver Assistance systems (ADAS) Report Scope
Report Attribute
Details
Market size in 2022
US$ 13,983.88 Million
Market Size by 2028
US$ 51,468.16 Million
CAGR (2022 - 2028)
24.3%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Sensor Type
Image Sensor
LiDAR
Radar Sensor
Ultrasonic Sensor
Infrared Sensor
By 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
By Vehicle Type
Passenger Car
LCV
HCV
Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Market leaders and key company profiles
Aptiv PLC.
Continental AG.
Cypress Semiconductor Corporation
Denso Corporation.
First Sensor AG
Harman International
Hitachi, Ltd.
NXP Semiconductors
Robert Bosch GmbH
ZF Friedrichshafen AG
Get more information on this report
Europe Advanced Driver Assistance systems (ADAS) Market Country and Regional Insights
Get more information on this report
Identical Market Reports with other Region/Countries
The List of Companies - Europe Advanced Driver Assistance systems (ADAS) Market
Aptiv PLC.
Continental AG.
Cypress Semiconductor Corporation
Denso Corporation.
First Sensor AG
Harman International
Hitachi, Ltd.
NXP Semiconductors
Robert Bosch GmbH
ZF Friedrichshafen AG
Frequently Asked Questions
How big is the Europe Advanced Driver Assistance systems (ADAS) Market?
The Europe Advanced Driver Assistance systems (ADAS) Market is valued at US$ 13,983.88 Million in 2022, it is projected to reach US$ 51,468.16 Million by 2028.
What is the CAGR for Europe Advanced Driver Assistance systems (ADAS) Market by (2022 - 2028)?
As per our report Europe Advanced Driver Assistance systems (ADAS) Market, the market size is valued at US$ 13,983.88 Million in 2022, projecting it to reach US$ 51,468.16 Million by 2028. This translates to a CAGR of approximately 24.3% during the forecast period.
What segments are covered in this report?
The Europe Advanced Driver Assistance systems (ADAS) Market report typically cover these key segments-
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)
Vehicle Type (Passenger Car, LCV, HCV)
What is the historic period, base year, and forecast period taken for Europe Advanced Driver Assistance systems (ADAS) Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Advanced Driver Assistance systems (ADAS) Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in Europe Advanced Driver Assistance systems (ADAS) Market?
The Europe Advanced Driver Assistance systems (ADAS) Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Aptiv PLC.
Continental AG.
Cypress Semiconductor Corporation
Denso Corporation.
First Sensor AG
Harman International
Hitachi, Ltd.
NXP Semiconductors
Robert Bosch GmbH
ZF Friedrichshafen AG
Who should buy this report?
The Europe Advanced Driver Assistance systems (ADAS) Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Advanced Driver Assistance systems (ADAS) Market value chain can benefit from the information contained in a comprehensive market report.
Get Free Sample For Europe Advanced Driver Assistance systems (ADAS) Market
