Global Automotive Advanced Driver Assistance System (Adas) Sensors Market 2024-2028
Technavio has been monitoring the automotive advanced driver assistance system (adas) sensors market and is forecast to grow by USD 102442 mn during 2023-2028, accelerating at a CAGR of 32.97% during the forecast period. Our report on the automotive advanced driver assistance system (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 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 environment through sensor fusion technique, and regulations pertaining to safety systems.
Technavio's automotive advanced driver assistance system (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 advanced driver assistance system (adas) sensors market growth during the next few years. Also, growing traction of system-on-chip (soc) in the automotive radar sensor market and growing popularity of modular automotive reference system platform will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive advanced driver assistance system (adas) sensors market covers the following areas:
- Automotive advanced driver assistance system (adas) sensors market sizing
- Automotive advanced driver assistance system (adas) sensors market forecast
- Automotive advanced driver assistance system (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 advanced driver assistance system (adas) sensors market vendors that include Aptiv Plc, Asahi Kasei Corp., Autoliv Inc., Continental AG, DENSO Corp., Gentex Corp., HELLA GmbH and Co. KGaA, 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 International N.V., Teledyne Technologies Inc., and Texas Instruments Inc.. Also, the automotive advanced driver assistance system (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 the way of study, synthesis, and summation of data from multiple sources by 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.