Automotive ADAS Sensors Market

Automotive ADAS Sensors Market by Product Types (Radar Sensors, Image Sensors, Ultrasonic Sensors, Infrared Sensors , LiDAR Sensors) by Application (Passenger Car, Commercial Vehicle, Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive ADAS Sensors in terms of revenue?

    The global Automotive ADAS Sensors valued at 23.58 Billion in 2020 and is expected to reach 34.23 Billion in 2028 growing at a CAGR of 21.31%%

  • Which are the prominent players in the market?

    The prominent players in the market are FLIR Systems, Continental, Leddartech, Robert Bosch, ON Semiconductor, HELLA, SAMSUNG ELECTRONICS, Sony, Siemens, Texas instruments..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 21.31%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive ADAS Sensors include

    • The increasing autonomous vehicle is expected to augment the growth of the automotive ADAS sensors market. The innovation of ADAS technologies have successively decreased the complexity of driving, with features such as lane monitoring, emergency braking, stability controls, and others. Autonomous vehicle systems totally depend on sensors such as LiDAR, radar, ultrasonic sensors, and high-end cameras to collect data. The on-board smart autonomous driving system analyses this collected data to manoeuvre the vehicle safely and driving the market
    • The increasing awareness about vehicle safety among consumers is anticipated to support the growth of the automotive ADAS sensors market. Most of the major OEMs are incorporating ADAS sensors in order to attain higher safety ratings to attract more consumers. Thus, the increasing penetration of ADAS systems and features will surge the demand for ADAS sensors during the forecast period.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive ADAS Sensors in 2020.

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