Germany Advanced Driver Assistance System Market Size & Outlook
Germany advanced driver assistance system market, 2018-2030 (US$M)
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Germany advanced driver assistance system market highlights
- The Germany advanced driver assistance system market generated a revenue of USD 2,125.3 million in 2023 and is expected to reach USD 4,607.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 11.7% 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.
Advanced driver assistance system market data book summary
| Market revenue in 2023 | USD 2,125.3 million |
| Market revenue in 2030 | USD 4,607.6 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 6.6% of the global advanced driver assistance system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany advanced driver assistance system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,607.6 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 89.95% in 2023. Horizon Databook has segmented the Germany advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
Advancements in sensor technology are making ADAS systems more accurate and effective in Germany. For instance, the use of LiDAR sensors helps in improving object detection and obstacle avoidance, while camera technology improves lane detection and driver monitoring capabilities.
Furthermore, with the adoption of 5G and other high-speed communication technologies, ADAS systems are becoming more connected and can communicate with other vehicles and infrastructure. This can improve the effectiveness of ADAS systems and provide more accurate and timely warnings to drivers.
In April 2022, German telecommunication service provider Deutsche Telekom (DT) announced plans to introduce 5G standalone networks with over 5,000 antennas, which transmit at 3.6 GHz frequency across 200 urban centers and cities in Germany. This initiative is expected to improve connectivity in the region, in turn boosting the adoption of ADAS systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into Germany advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
Germany Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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