Europe Advanced Driver Assistance System Market Size & Outlook
Europe advanced driver assistance system market, 2018-2030 (US$M)
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Europe advanced driver assistance system market highlights
- The Europe advanced driver assistance system market generated a revenue of USD 9,691.3 million in 2023.
- The market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,691.3 million |
| Market revenue in 2030 | USD 19,809.3 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Intel Corp, Autoliv Inc, Denso Corp, Continental AG, Garmin Ltd, Infineon Technologies AG, Magna International Inc, Mobileye Global Inc Ordinary Shares - Class A, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.1% of the global advanced driver assistance system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,628.0 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe advanced driver assistance system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced driver assistance system market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 91.18% in 2023. Horizon Databook has segmented the Europe advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The European market is anticipated to witness significant growth over the forecast period from 2023 to 2030 owing to the market expansion initiatives taken by the players to expand their business operations in Europe.
For instance, in April 2022, auto parts manufacturer Magna announced the expansion of its operation by opening its new plant in Slovakia, which focuses on manufacturing advanced driver assistance systems.
The plant is expected to manufacture Level 2 ADAS solutions for the electric vehicle market, which include intelligent and electronic control units for inverters utilized in electric vehicles, front camera modules, and in-cabin cameras. This initiative is expected to support the company’s goal for vehicle autonomy and electrification in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe advanced driver assistance system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe advanced driver assistance system market size, by country, 2018-2030 (US$M)
Europe Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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