Forthcoming Evolution of Europe Advanced Driver Assistance Systems (ADAS) Market Outlook: Ken Research

Posted January 28, 2021 by Anita1111

Europe advanced driver assistance systems market reached USD 3,229.0 million in 2019 and will grow by 16.0% over 2020-2030 owing to the rising need for autonomous vehicles in the region.
Advanced Driver Assistance Systems (ADAS) is a smart automotive system that delivers data within the vehicle to help the passenger variously. Such a system will offer data on road congestion levels, blockage, traffic, and monitoring, braking, and different warnings. All this can be demanded in the main by customer interest and governing policies that assistance decrease accidents. ADAS software will play an important role in building trust between end-users and carmakers. ADAS software assistances develop, safe, and predictive driving systems. It's the common goal of developing totally autonomous cars that unites Tier 1 vendors, independent car companies, and OEMs to build expert in ADAS software systems.
According to the analysis, ‘Europe Advanced Driver Assistance Systems (ADAS) Market 2020-2030 by Offering, Solution, Sensor Type, Vehicle Automation Level (Level 1 - Level 5), Vehicle Type, End User, and Country: Trend Outlook and Growth Opportunity’ there are many key players that are operating for enhancing the market are Toyota Motor Corporation, FCA Italy S.p.A., Delphi, General Motors, Ford Motor Company, Nissan Motor Co., Ltd, AUDI AG, Baidu, Volkswagen AG, Daimler AG, Tesla, Inc., BMW Group, Waymo LLC, MAN SE, Zoox Inc., Volvo Group. With progressions in AI and IoT and with ever-growing dependence, the call for automobiles is no longer restricted to electric vehicles. ADAS software can become the driving feature for the upcoming of the automotive industry. The age of autonomous cars owing to the recent expansions in technology and tech-savvy modern calls for drivers as well as passengers will be the foremost driving factor. Though Autonomous Driving applications are quiet in their early days, they finally become the leading feature of distinguishing automotive brands. Also, they will become one of the most important revenue sources for major car makers. These same technologies permit the creation of totally autonomous vehicles that have nowadays also become a substantial focus of research and development to high-tech players. Several semiconductor companies like non-traditional ones are also contributing in the automotive sector—now proposal autonomous driving merchandises or are increasing them. However, ADAS needs basic infrastructure like well-organized roads, lane marking, and accessibility of GPS for effective functioning. Poor infrastructure outside urban areas, price concerns, and poor driving teaching or driving discipline restrain the expansion of the ADAS market in developing countries. Additionally, financial crises owing to the constant COVID-19 pandemic can additional delay the development of modern infrastructure for intelligent transportation.
The Europe Advanced Driver Assistance System (ADAS) market is segmental on the offering, Solution, Sensor Type, Vehicle Automation Level, Vehicle Type and End-user. Based on offering, the market is defined into Hardware, Software and services. Based on Solution, the market is characterised into Lane Assist (LA), Crash Warning System (CWS), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Smart Park Assist (SPA), Cross Traffic Alert (CTA), Automatic Emergency Braking (AEB), Traffic Jam Assist (TJA) and Other Solutions. Based on vehicle automation level, the market is categorised into Level 1 (Driver Assistance), Level 2 (Partial Automation), Level 3 (Conditional Automation), Level 4 (High Automation), and Level 5 (Full Automation). Based on Vehicle Type, the market is characterized into Car/Robo-taxi, Van/Shuttle, Self-driving Trucks, and Self-driving Buses. Based on end user, the market is characterized into OEM and Aftermarket.
The regional investigation of Europe Advanced Driver Assistance System (ADAS) market is taken into the account for the key regions like Germany, UK, France, Russia and Italy. Germany is predicted to be the main region across the world in terms of market share as a result of presence of multiplicity of consumer’s within the region. Whereas, UK is furthermore expected to exhibit highest rate / CAGR over the forecast amount 2020-2030.
Additionally, rising concern among the population towards road safety is one in all major factors pushing the market demand. This has led to many government introducing favourable regulations supporting the combination of safety systems in vehicles. The European Union has proclaimed to put in advanced safety systems altogether new cars from the mid of 2022 to decrease the amount of road fatalities. This new regulation has mandated the adoption of advanced driver distraction warning systems, tire pressure observing, and intelligent speed help, among others for all vary of vehicles, adding an opportunity for the Europe Advanced Driver Assistance system market growth within upcoming years.

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Issued By Ken Research
Country India
Categories Automotive , Transportation
Tags europe advanced driver assistance systems market , europe advanced driver assistance systems market forecast , europe advanced driver assistance systems market revenue
Last Updated January 28, 2021