Europe ADAS Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 16.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe ADAS Market Analysis
The European advanced driver-assistance system (ADAS) market was valued at USD 11.08 billion and is expected to reach USD 27.61 billion, registering a CAGR of around 16% during the forecast period.
- The COVID-19 pandemic had a massive impact on the market studied as lockdowns and trade restrictions have led to supply chain disruptions and a halt of vehicle production across the world. However, as restrictions eased, players started focusing on mitigating such risks and developments to create momentum in the market during the forecast period.
- Rising concern among the population toward road safety and favorable government regulations are supporting the growth of the ADAS market in the region. For instance, the European Union has announced the installation of advanced safety systems in all new cars from mid-2022 to reduce the number of road fatalities.
- This new regulation has mandated the adoption of advanced driver distraction warning systems, tire pressure monitoring, and intelligent speed assistance, among others, for all ranges of vehicles, adding an opportunity for the advanced driver assistance system market.
- The innovations and developments in the automotive sector of Germany are propelled by the significant investment by the German automotive industry. The country leads in the European region regarding connected car revenue in the safety and driver assistance segment.
- In addition, the legislative body of the Netherlands has granted automotive players to test their autonomous vehicles on the road. The local players in the Netherlands are also working on launching ADAS in the market.
Europe ADAS Market Trends
Growing Demand For ADAS Features in Vehicles
- Autonomous cars and connected vehicles are gaining consumers' interest and are anticipated to gain wider acceptance over the forecast period. The advanced driver assistance systems (ADAS) featured are expected to diminish the penetration gap between traditional cars and tomorrow's cars.
- Moreover, With the rising technological advancements in the automotive industry, end users are ready to spend more on the latest technologies, which enhance the driving experience and increase the safety of drivers and riders. ADAS features, such as collision warning, lane assistance, blind spot detection, etc., have a significant impact on consumer behavior and are expected to enhance vehicles' performance by reducing vehicle downtime by alerting the owner of any faults in the vehicle.
- These systems bring added safety and security to daily driving. Many of these systems allow the vehicle to make driving adjustments according to the condition. Functions such as steering, braking, and accelerating can be performed by the vehicle in certain situations. For instance,
- Research conducted by Canalys shows that the lane-keep assist feature, which, when activated, provides steering assistance to keep a vehicle in its lane, was installed in 56% of new cars sold in Europe in the first half of 2021.
- Apart from safety, advanced driver assistance systems can also provide other benefits, such as traffic awareness, decreased insurance premiums, low repair and maintenance costs, and increased fuel efficiency. Owing to the aforementioned factors and developments, the adoption of ADAS features is increasing in the market, and such positive trends are expected to enhance the growth of the market during the forecast period.
Growing Demand for Safer Road Transport
- The World Health Organization (WHO) says over 1.35 million people have lost their lives in road traffic crashes annually. Road safety performance is evaluated in terms of deaths and serious injuries, usually linked to driver negligence like not using a seat belt, overspeeding, and inadequate experience.
- The European countries collectively reduced the number of road deaths by 31% over the period 2011-2021, from 28,865 in 2011 to 19,823 in 2021. There were 57,095 fewer deaths on EU roads over the last decade than there would have been if deaths had continued at the same level as in 2011. This can be attributed to the strengthening of road safety and vehicle safety regulations. The decline in road death can be contributed to the government's constant efforts and the development of advanced safety features, including ADAS.
- Autonomous vehicles will be equipped with electronic stability control, alcohol interlocks for repeat offenders and fleet drivers, anti-lock braking for motorcycles and events, and journey data. Autonomous Driving will provide safety measures for both the driver and pedestrians.
- By 2025, due to the growing demand for increased regulatory norms by the European Union for safety and environmental reasons, companies will see a rise in demand for mandatory features for cars to be equipped with an autonomous driving system for all upcoming vehicles. This aim is to implement the plan on all new vehicles to reduce the road casualty rate, which is among the highest in developed countries.
- A new set of European laws went into effect in July 2022, requiring new automobiles to be fitted with a variety of required advanced driver-assist technologies to increase road safety. The new safety standards will aid in the protection of passengers, pedestrians, and bicycles throughout the European Union (EU). The new rules are part of the new Vehicle General Safety Regulations.
Europe ADAS Industry Overview
The European Advanced Driver Assistance Systems Market is moderately fragmented with international and regional players, such as Autoliv AB, Bosch Group, and Continental AG. Also, many carmakers are launching new vehicles with ADAS features for increased safety of the people. For instance,
In November 2021, Renault launched its all-new electric iteration of the hot-selling hatchback Megane, the Megane E-Tech Electric. The all-electric vehicle comes with several advanced driver-assistance systems that are divided into three categories, driving, parking, and safety. The three categories include Lane Departure warning, blind-spot monitoring, lane keep assist, and others.
In May 2021, the German automotive parts manufacturer ZF partnered with Japanese Toyota Motor Corp to develop ADAS technology. ZF will provide automotive cameras based on Mobileye technology and its Gen21 mid-range radar.
Europe ADAS Market Leaders
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Autoliv AB
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Bosch Group
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Continental AG
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Delphi Automotive
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Harman International
*Disclaimer: Major Players sorted in no particular order
Europe ADAS Market News
- April 2023: Continental and HERE Technologies announced a partnership with IVECO to offer intelligent speed assistance (ISA) and fuel-saving functions for its commercial vehicles segment across Europe. Through this collaboration, starting in 2023, IVECO's heavy-duty, medium-duty, buses, and light-duty vehicles intended for the European Union (EU) market will integrate HERE maps specifically tailored for advanced driver assistance systems (ADAS).
- January 2022: Bosch and Cariad, Volkswagen's subsidiary, formed a partnership to develop new technology for automated vehicles and advanced driver-aid systems.
Europe ADAS Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Growing Demand For ADAS features in Vehicles
4.2 Market Restraints
4.2.1 High Up-Front Cost And Maintenance Cost
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Parking Assist System
5.1.2 Adaptive Front-lighting
5.1.3 Night Vision System
5.1.4 Blind Spot Detection
5.1.5 Lane Departure Warning
5.1.6 Other Types
5.2 By Technology
5.2.1 Radar
5.2.2 Li-Dar
5.2.3 Camera
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicle
5.4 By Geography
5.4.1 United Kingdom
5.4.2 Germany
5.4.3 Italy
5.4.4 France
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Autoliv AB
6.2.2 Bosch Group
6.2.3 Continental AG
6.2.4 Delphi Automotive
6.2.5 Harman International
6.2.6 Hella KGaA Hueck & Co.
6.2.7 Hyundai Mobi
6.2.8 Panasonic Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Investments Into New Technologies To Drive Future Of ADAS
Europe ADAS Industry Segmentation
ADAS, or advanced driver-assistance system, is a combination of sensors that aid and improve the safety of drivers and passengers on the road. It collects road and driver behavior data and enhances the human-machine interface through audio and visual alerts.
The Europe advanced driver assistance systems market is segmented by type (parking assist system, adaptive front-lighting, night vision system, blind spot detection, lane departure warning, and other types), technology (radar, lidar, and camera), vehicle type (passenger cars and commercial vehicles), and geography (Germany, United Kingdom, France, Italy, and Rest of Europe).
The report offers market size and forecasts for the Europe ADAS market in value (USD) for all the above segments.
| By Type | |
| Parking Assist System | |
| Adaptive Front-lighting | |
| Night Vision System | |
| Blind Spot Detection | |
| Lane Departure Warning | |
| Other Types |
| By Technology | |
| Radar | |
| Li-Dar | |
| Camera |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicle |
| By Geography | |
| United Kingdom | |
| Germany | |
| Italy | |
| France | |
| Rest of Europe |
Europe ADAS Market Research FAQs
What is the current Europe ADAS Market size?
The Europe ADAS Market is projected to register a CAGR of greater than 16% during the forecast period (2024-2029)
Who are the key players in Europe ADAS Market?
Autoliv AB , Bosch Group , Continental AG, Delphi Automotive and Harman International are the major companies operating in the Europe ADAS Market.
What years does this Europe ADAS Market cover?
The report covers the Europe ADAS Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe ADAS Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe ADAS Industry Report
Statistics for the 2024 Europe ADAS market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe ADAS analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
