According to a new market report by Lucintel, the future of the global ADAS sensor market looks promising with opportunities in adaptive cruise control (ACC), adaptive head lamp (AHL), automatic/intelligent emergency braking (AEB), blind spot detection system (BSD), cross traffic alert (CTA), drowsiness monitor system (DMS), lane departure warning system (LDS), night vision, park assist (PA), surround view camera system (SVC), time pressure monitoring system, and other applications. The global ADAS sensor market is expected to grow with a CAGR of 13% from 2020 to 2025. The major growth drivers for this market are the increasing penetration of advanced driver assistant system (ADAS) in the automotive industry and progression towards autonomous vehicles.
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In this market, temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, and pressure sensor are the major sensor types used in the ADAS sensor market. Lucintel forecasts that the radar sensor segment will witness the highest growth during the forecast period due to increasing safety, comfort, and entertainment, which provides ample opportunities for the application of radar sensor.
Within the ADAS sensor market, adaptive cruise control (ACC) will remain the largest end use industry, and it is expected to witness the highest growth over the forecast period due to rising awareness of driving safety and initiatives and regulations defined by road safety authorities.
North America will remain the largest region, and it is expected to witness the highest growth over the forecast period because OEMs are focusing on autonomous vehicles.
Aisin Seiki Co., Autoliv AB, Robert Bosch GmbH, Continental AG, Delphi Automotive, Denso Corporation, Gentex Corporation, Harman International, Hella, Magna International, NXP Semiconductors, Panasonic Corporation, Texas Instruments Inc., Valeo S.A Corporation, and ZF Group are among the major manufacturers of the ADAS sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the ADAS sensor market by sensor type, application, vehicle type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global ADAS Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data on the ADAS sensor market by sensor type, application, vehicle type, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Temperature Sensor
Radar Sensor
LiDAR Sensor
Infrared Sensor
Laser Sensor
Ultrasonic Sensor
Pressure Sensor
Others
By Application [$M shipment analysis for 2014 – 2025]:
Adaptive Cruise Control (ACC)
Adaptive Head Lamp (AHL)
Automatic/Intelligent Emergency Braking (AEB)
Blind Spot Detection System (BSD)
Cross Traffic Alert (CTA)
Drowsiness Monitor System (DMS)
Lane Departure Warning System (LDS)
Night Vision
Park Assist (PA)
Surround View Camera System (SVC)
Time Pressure Monitoring System (TPMS)
Others
By Vehicle Type [$M shipment analysis for 2014 – 2025]:
Passenger Cars
Commercial Vehicles
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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