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
Research Methodology: Automotive ADAS Sensors Market - Global Market Assessment, 2021 - 2028
The global Automotive ADAS Sensorsmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Automotive ADAS Sensors supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Automotive ADAS Sensors market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Automotive ADAS Sensors supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Automotive ADAS Sensors market.
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.
