NEW
YORK, July 11, 2024 /PRNewswire/ -- The global
automotive advanced driver assistance system (ADAS) sensors market
size is estimated to grow by USD 102.44
billion from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 32.97% during the forecast
period. The global automotive advanced driver assistance system
(ADAS) sensors market is poised for significant growth, driven by
advancements in autonomous vehicle technology. CMOS image sensors,
favored for camera-based ADAS, are gaining traction, enhancing
performance and reliability in detection and recognition
capabilities. However, the high costs associated with ADAS
technologies remain a challenge. Key players such as Aptiv,
Continental, Bosch, and others are leading innovations in radar,
LiDAR, and ultrasonic sensors, ensuring robust performance and
reliability essential for safety-critical applications in modern
vehicles.
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Automotive Advanced
Driver Assistance System (ADAS) Sensors Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
32.97%
|
Market growth
2024-2028
|
USD 102442
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
24.9
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
32%
|
Key
countries
|
US, China, Germany,
France, and Japan
|
Key companies
profiled
|
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.
|
Market Driver
The automotive Advanced Driver Assistance System (ADAS) sensors
market has seen a significant shift from expensive CCD technology
to CMOS image sensors in camera modules. CMOS sensors offer
advantages such as noise-correction technologies, charge-to-voltage
conversion technologies, digitized circuits, and amplifiers. These
features enable the generation of clear, blur-free images, even in
low visibility conditions. CMOS sensors operate effectively in a
wide temperature range of -67°F to 257°F. The increasing demand for
convenience and safety features in automobiles has led to the high
adoption of these sensors in systems like lane assist, blind spot
detection, forward collision warning, and pedestrian detection and
protection. Notable developments include the MLX75006 CIF format
(352 x 288) and MLX 75007 Panoramic VGA (750 x 400) sensors by
FillFactory and Melexis, which offer features such as snapshot
shutter, flexible windowing and subsampling, and extended dynamic
range. The growing emphasis on vehicle occupant safety is expected
to fuel the demand for these sensors in camera-based ADAS systems,
driving the growth of the global automotive ADAS sensors
market.
The Automotive Advanced Driver Assistance Systems (ADAS) Sensors
market is experiencing significant growth, driven by trends in
compact passenger cars and economic stability. Luxury vehicles are
also adopting these systems for safety-critical functionality,
including night vision systems and radar. Traditional ADAS systems
like automatic emergency braking and lane departure warning are
being enhanced with machine learning and artificial intelligence.
Vehicle electrification and automation are key factors, with
sensors, processors, software, and cameras playing essential roles.
Radar and cameras are popular sensors, while ultrasonic sensors and
transceivers are also used. Competitive markets see automakers
integrating multiple sensors for multifunctional capabilities.
Governments and automakers prioritize road safety, with initiatives
like Vision Zero and Automatic Emergency Braking. Technological
advancements include adaptive cruise control and autonomous
driving-as-a-service. Valuation and purchase decisions depend on
factors like speed, road accidents, and the workforce shortage.
Competitive edge in the market comes from proactive measures and
memory protection units. In the commercial vehicle sector, light
commercial vehicles are adopting these systems for safety and
efficiency. The future of ADAS systems lies in autonomous vehicles,
offering a competitive edge and addressing the workforce
shortage.
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Market Challenges
- The Automotive Advanced Driver Assistance System (ADAS) sensors
market is experiencing growth due to the increasing demand for
safety and convenience features in vehicles. However, the high
costs associated with the procurement and maintenance of ADAS
technologies, including sensors such as radars, cameras, and
lidars, pose a significant challenge. For instance, the advanced
cruise control system (ACC) can cost over $1,500, making it a luxury feature in
mass-segment vehicles. The manufacturing, sourcing, and marketing
costs of these sensors, particularly night vision cameras with
uncooled microbolometer sensors, are substantial. The high costs,
coupled with limited governmental backing, hinder the widespread
adoption of these sensors and, in turn, impact the growth of the
global ADAS sensor market during the forecast period.
- The Automotive Advanced Driver Assistance System (ADAS) sensors
market is experiencing significant growth due to the increasing
demand for safety features in both passenger and light commercial
vehicles. Automatic emergency braking and lane departure warning
systems are becoming safety-critical functionality, providing a
competitive edge for automakers in the competitive markets.
Technological advancements, such as machine learning and artificial
intelligence, are enabling ADAS systems to become more proactive,
reducing road mishaps and car accidents. However, challenges
remain, including the integration of multiple sensors like
ultrasonic, LiDAR, high-definition cameras, and GPS connectivity,
as well as the development of autonomous vehicles and robo-taxis.
Memories protection units, adaptive cruise control, adaptive front
lights, cross traffic alert, and fusion sensor technology are also
essential components. Magna International and Momenta are among the
key players in the automotive electronics industry, addressing
these challenges and driving innovation in the market. The
workforce shortage in the IT infrastructure sector may pose a
hurdle, but the potential valuation of the market is immense,
making it an attractive area for purchase and investment.
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Segment Overview
This automotive advanced driver assistance system (adas) sensors
market report extensively covers market segmentation by
- Product
- 1.1 Radar sensor
- 1.2 Image sensor
- 1.3 Ultrasonic sensor
- 1.4 Infrared sensor
- 1.5 LiDAR sensor
- Application
- 2.1 Passenger vehicle
- 2.2 Commercial vehicle
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Radar sensor- The Automotive Advanced Driver
Assistance System (ADAS) sensors market is experiencing significant
growth due to the increasing prioritization of safety-critical
functionality in passenger vehicles. Automakers are investing
heavily in technological advancements such as memory protection
units, ultrasonic sensors, LiDAR, high-definition cameras, GPS
connectivity, and fusion sensor technology to enhance road safety
and offer features like Adaptive front lights, Cross traffic alert,
and Night vision systems. These technologies are not only essential
for premium vehicles but also for compact passenger cars and
commercial vehicles, as the focus on vehicle electrification and
automation intensifies. Competitive markets are driving the
adoption of these technologies, with companies like Magna
International and Momenta leading the way. Proactive measures to
prevent car accidents are becoming increasingly important, and ADAS
sensors play a crucial role in this regard. Traditional ADAS
systems like radar and cameras are being complemented by new
sensors like transceivers, ensuring robust IT infrastructure for
autonomous driving-as-a-service and robo-taxis. However, the
workforce shortage in the automotive electronics industry poses a
challenge to the widespread adoption of these technologies. Despite
this, the economic stability of developed regions like North America and Europe, coupled with stringent safety
standards and the pursuit of Vision Zero, will continue to fuel the
growth of the ADAS sensors market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Automotive Advanced Driver Assistance System (ADAS) sensors
market is experiencing significant growth, driven by the increasing
demand for safety and convenience features in compact passenger
cars and luxury vehicles. Economic stability and government
regulations are key factors fueling this trend. ADAS systems,
including adaptive cruise control, night vision systems, and cross
traffic alerts, are becoming essential features for automobile
manufacturers. Valuation of the ADAS sensors market is projected to
reach billions of dollars by 2025, with the purchase of
high-definition cameras, LiDAR, and GPS connectivity leading the
way. Speed sensors, adaptive front lights, and IT infrastructure
are also crucial components of ADAS systems, enhancing driving
experience and reducing road accidents. Night vision systems, in
particular, are gaining popularity due to their ability to improve
visibility and safety during low-light conditions. The integration
of these advanced technologies is transforming the automotive
industry, making vehicles safer and more efficient.
Market Research Overview
The Automotive Advanced Driver Assistance System (ADAS) sensors
market is experiencing significant growth, driven by the increasing
demand for safety and automation in compact passenger cars,
economic stability, and luxury vehicles. Traditional ADAS systems,
such as radar, cameras, and ultrasonic sensors, are being
supplemented by machine learning and artificial intelligence
technologies, including night vision systems, adaptive front
lights, and LiDAR. ADAS systems are becoming safety-critical
functionality in automotive electronics, with features like
automatic emergency braking, lane departure warning, and adaptive
cruise control. The market is also being shaped by vehicle
electrification, vehicle automation, and the development of
autonomous vehicles. Competitive edge and valuation are key factors
in the purchase of ADAS systems by automobile manufacturers and
governments, as they aim to reduce road accidents and improve road
safety. The market is competitive, with companies like Magna
International and Momenta investing in multifunctional sensors,
transceivers, and processor technology. The integration of IT
infrastructure, GPS connectivity, and machine learning algorithms
is enabling proactive measures against road mishaps, while
autonomous driving-as-a-service and robo-taxis are emerging trends.
However, challenges such as workforce shortage and memory
protection units in competitive markets remain. Vision Zero, a road
safety initiative, is driving the development of more advanced ADAS
systems, including high-definition cameras, cross traffic alert,
and adaptive front lights.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Radar Sensor
- Image Sensor
- Ultrasonic Sensor
- Infrared Sensor
- LiDAR Sensor
- Application
-
- Passenger Vehicle
- Commercial Vehicle
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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