- The European Union’s General Safety Regulation (GSR), enforced since July 2022, mandates advanced safety features like emergency lane-keeping and automatic braking. This boosts demand for vision and radar sensors from companies like Bosch and Valeo.
- European automakers like Volkswagen and Stellantis are expanding EV production, increasing the need for high-efficiency, lightweight camera and sensor systems to support semi-autonomous features.
- U.K. holds a significant market share due to Demand for Autonomous Driving.
- U.K. is expected to register the fastest growth, fuelled by Urban Traffic Safety Initiatives.
- The Sensor Type segment is projected to account for a significant market share of approximately 68.1% in 2025, driven by Rise of Electrification.
