Components Driving the Europe ADAS Market: Sensors, Cameras, LiDAR, and Radar


Posted April 21, 2023 by bestresearchhub

The European advanced driver-assistance system (ADAS) market is expected to experience significant growth from 2022 to 2030.

 
The European advanced driver-assistance system (ADAS) market is expected to experience significant growth from 2022 to 2030. ADAS comprises various safety systems and features that enhance the safety of the driver, passengers, and other road users. The increasing demand for safety features and the popularity of electric vehicles (EVs) are expected to drive the growth of the European ADAS market in the coming years.

The European Union has set a target of reducing road fatalities by 50% by 2030. ADAS has been identified as a key technology that can help achieve this target. The EU has mandated the inclusion of several ADAS features in all new cars from 2022 onwards. These features include autonomous emergency braking, lane departure warning systems, and driver attention monitoring systems. The mandate is expected to increase the demand for ADAS systems in the region.

The European ADAS market has been segmented based on technology, component, vehicle type, and region. The technology segment includes adaptive cruise control, lane departure warning, parking assistance, blind-spot detection, and others. The component segment includes sensors, cameras, LiDAR, radar, and others. The vehicle type segment includes passenger cars, light commercial vehicles, and heavy commercial vehicles.

The passenger car segment is expected to be the largest contributor to the European ADAS market during the forecast period. The increasing demand for luxury cars and SUVs has been a key driver of the ADAS market in this segment. The light commercial vehicle segment is expected to grow rapidly due to the increasing demand for e-commerce and last-mile delivery services.

Germany is expected to be the largest market for ADAS in Europe, followed by France and the United Kingdom. The presence of several key players in the region, including Bosch, Continental AG, and Valeo, is expected to be a key driver of the ADAS market in Europe. These companies are expected to invest heavily in R&D to develop new and innovative ADAS technologies.

The sensors segment is expected to be the largest component segment of the European ADAS market during the forecast period. The increasing adoption of sensor-based ADAS technologies, such as cameras, LiDAR, and radar, is expected to drive the growth of this segment. The cameras segment is expected to be the largest sub-segment of the sensors segment, driven by the increasing adoption of vision-based ADAS technologies.

In conclusion, the European ADAS market is expected to experience significant growth from 2022 to 2030, driven by the increasing demand for safety features and the popularity of EVs. The passenger car segment is expected to be the largest contributor to the market, with Germany being the largest market in the region. The sensors segment is expected to be the largest component segment, driven by the increasing adoption of sensor-based ADAS technologies. With the EU mandate to include ADAS features in all new cars from 2022 onwards, the demand for these systems is expected to grow even further in the coming years.

Contact Us:
Address: H.O - 9591 Fontainebleau Blvd. 617 Miami Florida 33172 U.S.A
Phone: +91 9960 288 381
Toll Free:1 888 253 3960
Email: [email protected]
Website: www.vynzresearch.com
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Research Report Hub
Phone +91 9960 288 381
Business Address H.O - 9591 Fontainebleau Blvd. 617 Miami Florida 33172 U.S.A
Country United States
Categories Automotive
Tags european adas market , europe adas market , best europe adas market , top europe adas market , adas market , europe adas , global adas market
Last Updated April 21, 2023