Automotive ADAS Sensors Market

The global Automotive ADAS Sensors market was valued at USD 23.58 Billion in 2020 and is projected to reach USD 34.23 Billion by 2028, growing at a CAGR of 21.31%% from 2021 to 2028.

Sensor technology is a major technology of ADAS development. ADAS and autonomous driving functions feed off a continuous stream of information about the environment surrounding the vehicle which is provided by the sensors. The sensor is required to detect not only everything the driver can see but also that which the driver hasn’t noticed. There are a number of different kinds of sensor already in use, each with their own advantages and disadvantages in terms of capability, cost and packaging, and it is increasingly the case that more than one type of sensor is used for each ADAS function.

This report provides an analysis of the Automotive ADAS Sensors market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report includes exhaustive analysis of segments, regions and countries comprising of market size and estimations in terms of revenue for the years 2016–2028. There regional section of the report is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Moreover, the report also covers exhaustive information on growth factors/drivers, restraints, opportunities, regulatory landscape and technology roadmap among others. Moreover, the report also includes exhaustive SWOT analysis, PEST analysis, value chain analysis, and Porter’s five forces analysis on Automotive ADAS Sensors market. This data is likely to help the industry stakeholders and stimulate the decision-making process.

The COVID-19 outbreak has affected various industries worldwide. The Automotive ADAS Sensors market is no exception. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop swift spread of COVID-19. These actions led to severe impact on the global economy. Industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

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. 

The high cost of the ADAS systems and components associated with it like sensors and other electronic components is anticipated to hamper the growth of the automotive ADAS sensors market.

The report delivers an acute breakdown of the market based on various segments such as Product Types, Application, , and region. The report includes market size and forecast for each segment by region/country for the years 2016–2028. Moreover, it also covers a thorough analysis of growth factors and opportunities impacting segmental growth.

On the basis of Product Types, the market is divided into Radar Sensors, Image Sensors, Ultrasonic Sensors, Infrared Sensors , LiDAR Sensors. Ultrasonic Sensors dominated the global Automotive ADAS Sensors market in 2020 and is projected to witness the same trend during the forecast period.

Based on Application, the market is segmented into Passenger Car, Commercial Vehicle, Others. Passenger Cars accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Automotive ADAS Sensors market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. Moreover, the regional sections if further bifurcated into key country level markets for better understanding of the market.

The report covers detailed analysis on drivers, business opportunities, regulatory norms, supplier concertation and such other factors impacting regional growth. Moreover, it also covers market estimations and forecast for each segment for each region for the years 2016–2028. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Automotive ADAS Sensors market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Automotive ADAS Sensors market are FLIR Systems, Continental, Leddartech, Robert Bosch, ON Semiconductor, HELLA, SAMSUNG ELECTRONICS, Sony, Siemens, Texas instruments..  This section of the report provides in depth analysis on key market players based on various parameters such as business overview, portfolio analysis, business strategies, financial performance, geographical presence, and recent developments among others. It will also include information on key strategies adopted by major market players. 

• The global Automotive ADAS Sensors market was valued at USD 23.58 Billion in 2020
• The global Automotive ADAS Sensors Market is projected to reach USD 34.23 Billion by 2028
• Asia Pacific held the highest share of the Automotive ADAS Sensors market in 2020
• Some of the major companies operating in the Automotive ADAS Sensors market are FLIR Systems, Continental, Leddartech, Robert Bosch, ON Semiconductor, HELLA, SAMSUNG ELECTRONICS, Sony, Siemens, Texas instruments.