|Study Period:||2018 - 2026|
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The European ADAS Market was valued at USD 4 billion in 2020, and it is expected to reach USD 14 billion by 2026, registering a CAGR of around 20% during the forecast period (2021-2026).
The COVID-19 crisis had a substantial impact on the European ADAS market due to the halt of manufacturing industries and restrictions imposed by governments 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 are likely to 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 install 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 growth.
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 in terms of 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.
Scope of the Report
ADAS is a combination of sensors that aid and improve the safety of drivers and passengers on the road. It collects data from the road and driver behavior 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 scope of the report covers segmentation based on Type, Technology, Vehicle Type, and Country.
By Type, the market is segmented into Parking Assist System, Adaptive Front-lighting, Night Vision System, Blind Spot Detection, Lane Departure Warning, and Other Types. By Technology, the market is segmented into Radar, Li-Dar, and Camera.
By Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. By Country, the market is segmented into Germany, the United Kingdom, France, Italy, and the Rest of Europe. For each segment, the market sizing and forecast have been done on the basis of value (USD billion).
|Parking Assist System|
|Night Vision System|
|Blind Spot Detection|
|Lane Departure Warning|
|By Vehicle Type|
|Rest of Europe|
Key Market Trends
Increased Adoption of ADAS will Drive the Future Growth of the Automotive Sector
The global 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 in3-D to produce high-resolution maps of the surrounding locations.
With advancements in AI and IoT and with 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.
The age of autonomous cars due to the recent advancements in technology and tech-savvy modern demands for drivers as well as passengers will be the main driving factor. Although Autonomous Driving applications are still in their early days, they 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 to high-tech players like Tesla, Microsoft, and Google. Many semiconductor companies like non-traditional ones are also participating in the automotive sector—now offer autonomous driving products or are developing them.
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Growing Demand for Safer Road Transport
According to the World Health Organization (WHO), over 1.35 million people have lost their lives in road traffic crashes annually. The road safety performance is evaluated in terms of deaths and serious injuries, which are usually linked to driver negligence like not using a seat belt, overspeeding, and inadequate experience.
Autonomous vehicles will be equipped with features like 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 to both the driver and pedestrians.
By 2025, due to the growing demand for increased regulation 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 to implement the plan on all new vehicles shall reduce the road casualty rate, which is one of the highest amongst any developed countries.
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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, to have the edge over their competitors, the major rental companies are making joint ventures, partnerships to launch newer products. For instance,
- In 2019, Kawasaki Heavy Industries announced that the ADAS developed by Bosch is, in a first, a Japanese motorcycle manufacturer, to be included in a part of Kawasaki motorcycle lineup starting 2021.
- In August 2019, Continental unveiled new system solutions for safer automated driving. It developed a combined camera system comprising an inward-looking infrared camera and an outward-looking camera. The system can simultaneously monitor the driver, as well as surrounding vehicles.
- In February 2020, Veoneer was selected to supply active safety systems based on next-generation vision and radar systems. Veoneers scalable system has been developed to meet Euro NCAP 5-star safety rating as well as provide several driver assistance features such as highway assist, lane centering control, stop and go adaptive cruise control, automatic emergency braking, traffic sign recognition, and automated high beam control.
- In January 2020, ZF launched ZF coASSIST, a Level 2+ automated driving system, which is its first step into the modular Level 2+ hardware and software suite and highlights ZF’s capabilities as a full system supplier. From 2020, ZF will equip production vehicles with this new ZF system for a major Asian manufacturer.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
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
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicle
5.4 By Country
5.4.1 United Kingdom
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
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Frequently Asked Questions
What is the study period of this market?
The Europe ADAS Market market is studied from 2018 - 2026.
What is the growth rate of Europe ADAS Market?
The Europe ADAS Market is growing at a CAGR of 20% over the next 5 years.
What is Europe ADAS Market size in 2018?
The Europe ADAS Market is valued at 4 Billion USD in 2018.
What is Europe ADAS Market size in 2026?
The Europe ADAS Market is valued at 14 Billion USD in 2026.
Who are the key players in Europe ADAS Market?
Autoliv AB , Bosch Group , Continental AG, Delphi Automotive , Harman International are the major companies operating in Europe ADAS Market.