Global Automotive ADAS Sensors Market 2023-2027

Global Automotive ADAS Sensors Market 2023-2027

Technavio has been monitoring the automotive ADAS sensors market and is poised to grow by $49153.06 mn from 2023-2027, accelerating at a CAGR of 23.33% during the forecast period. Our report on the automotive ADAS sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by progression toward autonomous vehicles, increased accuracy in perceiving the environment through sensor fusion technique, and regulations pertaining to safety systems.

Technavio's automotive ADAS sensors market is segmented as below:

By Product

• Radar sensor
• Image sensor
• Ultrasonic sensor
• Infrared sensor
• LiDAR sensor

By Application

• Passenger vehicle
• Commercial vehicle

By Geographical Landscape

• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the growing popularity of CMOS image sensors in camera-based ADAS as one of the prime reasons driving the automotive ADAS sensors market growth during the next few years. Also, the growing traction of system-on-chip (soc) in the automotive radar sensor market and the growing popularity of modular automotive reference system platforms will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive ADAS sensors market covers the following areas:

• Automotive ADAS sensors market sizing
• Automotive ADAS sensors market forecast
• Automotive ADAS sensors market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive ADAS sensors market vendors that include 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. Also, the automotive ADAS sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.