Europe ADAS Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

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, Li-Dar, and Camera), Vehicle Type (Passenger Cars and Commercial Vehicles), and Country (Germany, United Kingdom, France, Italy, and Rest of Europe). The report offers market size and forecast for the Europe ADAS market in value (USD billion) for all the above segments.

Europe ADAS Industry Overview

Europe ADAS Market overview
Study Period: 2018 - 2028
CAGR: 17 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Europe ADAS Market Analysis

The European ADAS Market was valued at USD 6 billion in 2021 and is expected to reach USD 21 billion by 2027, registering a CAGR of around 17% during the forecast period (2021-2027).

The COVID-19 crisis substantially impacted the European ADAS market due to the halt of manufacturing industries and government restrictions to contain the spread of the virus. The pandemic acted as massive restraint on the European ADAS market as supply chains were disrupted and consumption declined due to lockdowns imposed by governments across the region.

However, the market is expected to regain its growth as manufacturers will likely adjust production to prevent bottlenecks and plan production according to demand from OEMs and tier 1 manufacturers.

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 to 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 of the Netherlands are also working on launching ADAS in the market.

Europe ADAS Industry Segments

ADAS 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 European ADAS market report covers the latest trends, COVID-19 impact, followed by technological developments in the market. The report's scope covers segmentation based on Type, Technology, Vehicle Type, and Country.

For each segment, the market sizing and forecast have been done based on value (USD billion).

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 Country
United Kingdom
Germany
Italy
France
Rest of Europe

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Europe ADAS Market Trends

This section covers the major market trends shaping the Europe ADAS Market according to our research experts:

Increased Adoption of ADAS will Drive the Future Growth of the Automotive Sector

The ADAS sensor system market will be valued at around 33 billion U.S. dollars by 2025. RADAR, LiDar, and Cameras are the most significant segments. Of all the three, LiDAR sensors have the largest market. It can scan an area in 3-D to produce high-resolution maps of the surrounding locations.

With advancements in AI and IoT and ever-growing dependence, the demand for automobiles is no longer limited to electric vehicles. ADAS software will become the driving factor for the future of the automotive industry.

In the age of autonomous cars, recent advancements in technology and tech-savvy modern demands for drivers and passengers will be the main driving factor. Although Autonomous Driving applications are still in their early days, they will eventually become the main feature of differentiating automotive brands. Also, they will become one of the most important revenue sources for major car manufacturers.

These same technologies enable the creation of fully autonomous vehicles, which have now also become a significant focus of research and development for high-tech players like Tesla, Microsoft, and Google. Many semiconductor companies, like non-traditional ones, also participate in the automotive sector—they now offer autonomous driving products or are developing them.

Europe ADAS Market Share

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.

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.

Europe ADAS Market Growth

Europe ADAS Market Competitor Analysis

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, the major rental companies are making joint ventures and partnerships to launch newer products to have an edge over their competitors. For instance,

· In August 2020, Veoneer, Inc. spin-off of Autoliv's electronics and automated driving divisions, and Qualcomm Technologies, Inc. decided to collaborate on the delivery of scalable Advanced Driver Assistance Systems (ADAS), Collaborative and Autonomous Driving (AD) solutions powered by Veoneer's next-generation perception and driving policy software stack and Qualcomm® Snapdragon Ride™ ADAS/AD scalable portfolio of System on a Chip (SoC), and Accelerators.

Europe ADAS Market Top Players

  1. Autoliv AB

  2. Bosch Group

  3. Continental AG

  4. Delphi Automotive

  5. Harman International

*Disclaimer: Major Players sorted in no particular order

Autoliv AB, Bosch Group, Continental AG, Delphi Automotive, Harman International

Europe ADAS Market Recent Developments

· In January 2022, Bosch and Cariad, Volkswagen's subsidiary, formed a partnership to develop new technology for automated vehicles and advanced driver aid systems.

· In March 2021, Continental Engineering Services (CES) announced that it is expanding and opening a new site in Burgess Hill in England that will focus on developing and adopting advanced driver assistance systems (ADAS).

· In March 2021, Harman International acquired Savari, a Silicon Valley-based automotive technology firm working on vehicle-to-everything (V2X) technologies for 5G Edge and automotive devices. Harman's automotive telematics and advanced driver assistance systems (ADAS) capabilities will benefit from Savari's software and hardware.

· In March 2021, GlobalFoundries (GF), a specialty semiconductor manufacturer, will partner with Bosch to develop a next-generation automotive radar. Bosch will use GF's 22FDX RF solution to develop a millimeter-wave automotive radar system-on-chip for automotive ADAS applications.

Europe ADAS Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Parking Assist System

      2. 5.1.2 Adaptive Front-lighting

      3. 5.1.3 Night Vision System

      4. 5.1.4 Blind Spot Detection

      5. 5.1.5 Lane Departure Warning

      6. 5.1.6 Other Types

    2. 5.2 By Technology

      1. 5.2.1 Radar

      2. 5.2.2 Li-Dar

      3. 5.2.3 Camera

    3. 5.3 By Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicle

    4. 5.4 By Country

      1. 5.4.1 United Kingdom

      2. 5.4.2 Germany

      3. 5.4.3 Italy

      4. 5.4.4 France

      5. 5.4.5 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Autoliv AB

      2. 6.2.2 Bosch Group

      3. 6.2.3 Continental AG

      4. 6.2.4 Delphi Automotive

      5. 6.2.5 Harman International

      6. 6.2.6 Hella KGaA Hueck & Co.

      7. 6.2.7 Hyundai Mobi

      8. 6.2.8 Panasonic Corporation

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe ADAS Market Research FAQs

The Europe ADAS Market is studied from 2018 - 2028.

The Europe ADAS Market is growing at a CAGR of 17% over the next 5 years.

The Europe ADAS Market is valued at 6 Billion USD in 2018.

The Europe ADAS Market is valued at 21 Billion USD in 2028.

Autoliv AB , Bosch Group , Continental AG, Delphi Automotive , Harman International are the major companies operating in Europe ADAS Market.

Europe ADAS Industry Reports

In-depth industry statistics and market share insights of the Europe ADAS sector for 2020, 2021, and 2022. The Europe ADAS research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Europe ADAS report PDF.

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