Europe Driver Assistance Systems for Passenger Cars Market was valued at USD 9 Billion in 2022 and is projected to reach USD 20 Billion by 2030, growing at a CAGR of 10.8% from 2024 to 2030.
The European market for Driver Assistance Systems (DAS) in passenger cars is experiencing significant growth, driven by advancements in technology and stringent safety regulations. In 2023, the market generated a revenue of approximately USD 9.69 billion and is projected to reach USD 19.81 billion by 2030, reflecting a compound annual growth rate (CAGR) of 10.8%.
Passenger vehicles dominate this sector, accounting for over 91% of the market share in 2023. This prevalence underscores the automotive industry's commitment to integrating advanced safety features to enhance driver and passenger protection.
Several key DAS technologies have become standard in modern vehicles:
Automated Emergency Braking (AEB): This system automatically applies brakes to prevent collisions. In the European Union, AEB has been mandatory in new vehicle models since May 2022 and will be required in all new vehicles by May 2024.
Electronic Stability Control (ESC): ESC helps drivers maintain control during skidding situations. It has been mandatory in all new cars in the EU since 2014 and has contributed to an estimated 15,000 lives saved in Europe.
Intelligent Speed Assistance (ISA): ISA aids drivers in adhering to speed limits by providing warnings or controlling speed. The EU mandated ISA in all new cars starting from July 2022.
eCall System: This system automatically contacts emergency services in the event of a serious accident, providing location and sensor information. eCall became mandatory in all new EU cars as of April 2018.
Despite these advancements, the journey toward fully autonomous vehicles faces challenges. British start-ups like Oxa and Wayve are developing autonomous technologies but encounter legal and financial obstacles. While companies such as Waymo and Baidu operate self-driving taxis in the US and China, the UK lacks fully autonomous vehicles due to these constraints. Oxa focuses on Level 4 autonomy in controlled environments, whereas Wayve employs AI for real-time navigation, planning to offer driver assistance software to car manufacturers.
Moreover, the European Commission has adjusted upcoming emissions regulations for combustion engine cars, providing the automotive industry additional time to transition to electric vehicle (EV) targets amidst a slower shift. Although the 2035 ban on petrol cars remains, the EU offers a three-year flexibility period, easing fines for missing COâ‚‚ targets. This decision follows lobbying from carmakers facing declining EV sales and concerns over financial losses.
In conclusion, the European Driver Assistance Systems market for passenger cars is on an upward trajectory, propelled by technological innovations and regulatory mandates. As the industry navigates the complexities of autonomous driving and environmental considerations, the integration of advanced driver assistance systems remains a focal point in enhancing road safety and driving experiences.
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Synopsys
Inc.
Dewesoft
Porsche AG
IMAR Navigation GmbH
TTTech Auto AG
WirelessCar
Oxford Technical Solutions Ltd
Volvo Car Corporation
The MathWorks
Inc.
Valeo
Microsemi Corporation
Jaguar Land Rover
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Tietoevry
Audi Group
Henkel Canada Corporation
CAPGEMINI ENGINEERING
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Driver Assistance Systems for Passenger Cars Market
Adaptive Cruise Control
Lane Departure Warning
Automatic Emergency Braking
Parking Assistance Systems
Blind Spot Detection
Traffic Jam Assist
Collision Avoidance Systems
Radar-Based Systems
Camera-Based Systems
LiDAR-Based Systems
Ultrasonic Sensors
V2X Communication Technology (Vehicle-to-Everything)
Sedans
SUVs and Crossovers
Pickup Trucks
Luxury Vehicles
Electric Vehicles
Fleet Operators
Individual Users
Ride-Sharing Services
Car Rental Services
OEM (Original Equipment Manufacturers)
Aftermarket
Online Sales Platforms
Dealerships
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Driver Assistance Systems for Passenger Cars Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Driver Assistance Systems for Passenger Cars Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Driver Assistance Systems for Passenger Cars Market, By Type
6. Europe Driver Assistance Systems for Passenger Cars Market, By Application
7. Europe Driver Assistance Systems for Passenger Cars Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Driver Assistance Systems for Passenger Cars Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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