NEW
YORK, May 16, 2024 /PRNewswire/ -- The
global automotive adas sensors market size
is estimated to grow by USD 49.15 bn
from 2023-2027, according to Technavio. The market is estimated to
grow at a CAGR of 23.33% during the forecast
period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Product (Radar sensor,
Image sensor, Ultrasonic sensor, Infrared sensor, and LiDAR
sensor), Application (Passenger vehicle and Commercial vehicle),
and Geography (Europe, North America, APAC, South America, and
Middle East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Aptiv, Asahi Kasei
Corp., Autoliv Inc., Continental AG, Denso Corp., Gentex Corp.,
HELLA GmbH and Co. KG, Henkel AG and Co. KGaA, Infineon
Technologies AG, LeddarTech Inc., Magna International Inc.,
OMNIVISION Technologies Inc., ON Semiconductor Corp., Robert Bosch
GmbH, Samsung Electronics Co. Ltd., Siemens AG, Sony Group Corp.,
STMicroelectronics NV, Teledyne Technologies Inc., and Texas
Instruments Inc.
|
Key Market Trends Fueling Growth
The automotive ADAS sensors market has witnessed significant
growth, with OEMs transitioning from expensive CCD technology to
CMOS image sensors in camera modules. CMOS sensors, featuring
noise-correction and charge-to-voltage conversion technologies,
generate clear images even in adverse conditions. They are
essential for various safety systems, including lane assist, blind
spot detection, forward collision warning, and pedestrian
protection. Additionally, they support advanced features like
adaptive cruise control, automatic emergency braking, and night
vision systems. The increasing demand for convenience and safety
features, vehicle electrification, and automation further boosts
the market. Key trends include the use of machine learning,
artificial intelligence, and autonomous driving-as-a-service to
enhance safety-critical functionality. The market is competitive,
with players focusing on technological advancements, memory
protection units, and multifunctional sensors to gain a competitive
edge.
Market Challenges
- The automotive ADAS sensor market is characterized by high
costs, limiting their incorporation in mass-segment vehicles.
Advanced systems like automatic emergency braking and lane
departure warning rely on expensive sensors, such as
uncooled microbolometers for night vision cameras. These costs
stem from manufacturing, sourcing, and marketing expenses.
Technological advancements, including machine learning and
artificial intelligence, drive the adoption of ADAS systems in
luxury and commercial vehicles. Ultrasonic sensors, LiDAR,
high-definition cameras, and GPS connectivity are essential
components. Magna International and Momenta are among the companies
investing in fusion sensor technology, adaptive front lights, cross
traffic alert, and other multifunctional sensors for autonomous
driving-as-a-service. Proactive measures, such as adaptive cruise
control and transceivers, are crucial for road safety in
competitive markets. Governments and automakers prioritize
safety-critical functionality, and the IT infrastructure supporting
these systems is a significant investment. Robo-taxis and
autonomous cars are future applications, requiring robust and
reliable sensors. Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This automotive ADAS sensors market report extensively covers
market segmentation by
- Product
- 1.1 Radar sensor
- 1.2 Image sensor
- 1.3 Ultrasonic sensor
- 1.4 Infrared sensor
- 1.5 LiDAR sensor
- Application
- 2.1 Passenger vehicle
- 2.2 Commercial vehicle
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Radar sensor- The automotive industry's
focus on enhancing road safety has led to significant growth in the
market for automotive ADAS sensors. Radar sensors, in particular,
have gained prominence due to their application in various advanced
safety systems. These include Adaptive Front-end Lights, Cross
Traffic Alerts, and Automatic Emergency Braking Systems (AEBS),
which are increasingly becoming standard features in both premium
and compact passenger cars. The adoption of radar sensors is also
driving the development of advanced technologies such as fusion
sensor systems, which combine data from multiple sensors to improve
accuracy. Moreover, the shift towards autonomous vehicles and
robo-taxis is further fueling the demand for advanced sensor
technologies. Governments and automobile manufacturers are
investing heavily in ADAS systems, including machine learning and
artificial intelligence, to reduce road mishaps and achieve Vision
Zero. The integration of IT infrastructure, GPS connectivity, and
high-definition cameras is also crucial for the effective
functioning of these systems. The market for automotive ADAS
sensors is segmented into passenger cars, commercial vehicles, and
vehicle electrification. The increasing focus on vehicle automation
and economic stability is expected to provide a competitive edge to
market players. Traditional ADAS systems, such as lane departure
warning and adaptive cruise control, continue to be popular, while
new technologies like night vision systems and LiDAR are gaining
traction. Magna International and Momenta are among the key players
in this market, leveraging their expertise in automotive
electronics, sensor technology, processors, software, and speed
control systems to offer comprehensive solutions to customers.
For more information on market segmentation with
geographical analysis including forecast (2023-2027) and historic
data (2017 - 2021) - Download a Sample Report
Research Analysis
The Automotive ADAS Sensors Market is experiencing significant
growth due to the increasing demand for advanced safety features in
compact passenger cars. Economic stability and the rising
disposable income of consumers have led to an increase in the
purchase of luxury vehicles, which are often equipped with Night
vision systems and ADAS systems. These systems include adaptive
cruise control, adaptive front lights, cross traffic alert, and
LiDAR technology. High-definition cameras and GPS connectivity are
also essential components of these systems, which are integrated
into the IT infrastructure of automobiles. Governments worldwide
are implementing regulations to ensure the mandatory installation
of these safety features in new vehicles. The valuation of the
market is projected to increase at a substantial speed due to the
growing road accidents and the need for enhanced road safety.
Market Research Overview
The Automotive ADAS Sensors Market is experiencing significant
growth due to the increasing demand for advanced safety features in
vehicles. These sensors play a crucial role in various driver
assistance systems such as adaptive cruise control, lane departure
warning, blind spot detection, and automatic emergency braking. The
market is driven by factors like rising consumer preference for
safety and comfort, stringent regulations, and technological
advancements. The market is segmented based on sensor types,
including LiDAR, radar, camera, and ultrasonic sensors. The future
of the market looks promising with the integration of machine
learning and artificial intelligence in ADAS systems. The market is
expected to grow at a steady pace in the coming years.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Radar Sensor
- Image Sensor
- Ultrasonic Sensor
- Infrared Sensor
- LiDAR Sensor
- Application
-
- Passenger Vehicle
- Commercial Vehicle
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio