The Europe Advanced Driver Assistance System (ADAS) Market would witness market growth of 10.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Advanced Driver Assistance System (ADAS) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,673.4 million by 2031. The UK market is exhibiting a CAGR of 9.5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 11.5% during (2024 - 2031).
ADAS applications like Automatic Emergency Braking (AEB) and Lane-Keeping Assist (LKA) in buses enhance passenger safety by minimizing the risk of accidents. Additionally, systems that assist with smooth acceleration and braking can improve overall ride comfort. ADAS can be designed to assist drivers of public vehicles in accommodating passengers with disabilities, such as alerts for wheelchair users at curbside pick-up locations.
ADAS applications can analyze traffic patterns and suggest optimal delivery routes, reducing travel time and fuel consumption. This is particularly useful for last-mile delivery operations in urban areas. Features like cross-traffic alerts and rear-view cameras assist drivers during loading and unloading, preventing accidents in busy warehouse and delivery environments.
The regulation lays the groundwork for approving automated and fully driverless vehicles within the EU, positioning Europe at the forefront of automotive innovation. By fostering a conducive environment for developing and deploying autonomous driving technologies, the regulation encourages manufacturers to enhance their ADAS offerings, ultimately benefiting consumers and improving road safety. Thus, the Vehicle General Safety Regulation represents a pivotal step towards safer roads in Europe, driving the advancement of ADAS technologies and reinforcing the region’s leadership in automotive safety.
Free Valuable Insights: The Global Advanced Driver Assistance System (ADAS) Market will Hit USD 69.7 Billion by 2031, at a CAGR of 10.8%
Based on Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicle (Light Commercial Vehicle, and Heavy Commercial Vehicle). Based on Component, the market is segmented into Sensors (Radar, LiDAR, Ultrasonic, and Other Sensors Type), Software, Processor, and Other Component. Based on Solution Type, the market is segmented into Adaptive Cruise Control (ACC), Blind Spot Detection System (BSD), Park Assistance, Autonomous Emergency Braking (AEB), Lane Departure Warning (LDWS) System, Tire Pressure Monitoring System (TPMS), Adaptive Front Lights (AFL), and Other Solution Type. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Vehicle Type
By Component
By Solution Type
By Country
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