Advanced driver assistance systems are the supportive systems which support the drivers for avoiding the accidents and collisions. Moreover, they are acting as a complement or substitute the driver of the vehicle. ADAS is a combination of systems used in vehicles to serve a comfortable driving experience and intelligent. They use radar and cameras to support the drivers by serving real-time information related to the environment. The key players of this market in Europe are adopting the effective market strategies and policies for dominating the huge market share in the region. In addition, the effective working of the key players make the market more competitive and extensively force the new investors for making the investment in the research and development programs related to the systems. Not only has this, the market of the advanced driver assistance system is divided into three primary sectors based on the sensor, vehicle and component. Therefore, with the classification and applications the market of advanced driver assistance systems in Europe will rise more actively in the reviewed period.
According to the report analysis, ‘Europe Advanced Driver Assistance Systems (ADAS) Market (2018-2023)’ states that some of the major key players which are recently functioning in this market more positively for acquiring the huge market share by doing effective developments with the support of attractive equipment includes Continental AG, Autoliv Inc., Delphi Technologies, Bosch, BMW AG, Aisin Seiko Co., Mobileye, Denso Corporation, Magna International, Ford Motor Company and several others. In addition, ADAS making an effective way for autonomous vehicles. These systems are just as wish come true for the next-generation automotive electronic protection systems and autonomous cars. A vehicle’s ADAS can smell the objects, prepared the driver of hazardous circumstances or approaching danger. The Europe ADAS market is estimated to reach USD 7.88 Billion by 2023 with a CAGR of 17.2% during 2018-2023.
Basis on the countries, the market is divided into the European Union Five (EU5) and the Rest of European Union (EU). Moreover, widespread implementation of these systems in small cars is predicted to further boost the market requirement. The growing government initiatives for authorizing driver assistance system in instruction to lower road accidents is anticipated to proliferate market growth. For instance, rapid increase in the vehicle automation and ADAS market, the wide challenge is to recover system accuracy and performance without climbing the price. Moreover, active safety systems and ADAS are principally delivered as optional packages in vehicles in Europe which are comparatively luxurious. Increasing levels of technological modernization as well as increasing initiatives towards vehicle automation and self-drive cars have elevated the requirement for driver protection and assistance systems over the past decade. The acceptance of ADAS applications such as ACC, BSD, LDW and night vision are principal to decrease in number of accidents. Therefore, in the coming years, it is expected that the market of advanced driver assistance system in Europe will rise more positively over the recent few years with the huge investment by the focused players.
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Ankur Gupta, Head Marketing & Communications