Automotive ADAS Sensors Market
Automotive ADAS Sensors Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0770
Segments Covered
By
Product Types Radar Sensors, Image Sensors, Ultrasonic Sensors, Infrared Sensors, LiDAR Sensors
-
By
Application Passenger Car, Commercial Vehicle, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
23.58 Billion |
 Revenue 2028:
|
34.23 Billion |
 Revenue CAGR
(2021 - 2028): |
21.31% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
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.
Global Automotive ADAS Sensors Market: Product Types Segment Analysis
-
- Radar Sensors
- Image Sensors
- Ultrasonic Sensors
- Infrared Sensors
- LiDAR Sensors
Global Automotive ADAS Sensors Market: Application Segment Analysis
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- Passenger Car
- Commercial Vehicle
- Others
FAQ
Frequently Asked Question
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.
