Automotive ADAS Sensors Market will register a CAGR of 21% during 2020-2024. The market’s growth momentum will Accelerate.
Progression toward autonomous vehicles | Increased accuracy in perceiving environment through sensor fusion technique | Regulations pertaining to safety systems will be one of the major factors driving the growth of this market. Additionally, key Automotive ADAS Sensors Market trends such as the Regulations pertaining to safety systems will also influence market growth during the forecast period.
Automotive ADAS Sensors Market Size
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During the forecast period, the Automotive ADAS Sensors Market size will grow by $ 30.53 bn.
Automotive ADAS Sensors Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Automotive ADAS Sensors Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the High costs associated with ADAS technologies | Impact on driving behavior and calibration issues | Low consumer awareness will also challenge the growth of the companies.
Continental AG | FLIR Systems Inc. | HELLA GmbH & Co. KGaA | LeddarTech Inc. | ON Semiconductor Corp. | Robert Bosch GmbH | Samsung Electronics Co. Ltd. | Siemens AG | Sony Corp. | Texas Instruments Inc..list
are some of the companies covered in Technavio’s Automotive ADAS Sensors Market report for 2021-2025.
Automotive ADAS Sensors Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Automotive ADAS Sensors Market.
The APAC will account for the largest Automotive ADAS Sensors Market share and during 2021-2025, the region will contribute to 35% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Automotive ADAS Sensors Market report also analyzes the market by Radar sensor | Image sensor | Ultrasonic sensor | Infrared sensor | LiDAR sensor | Europe | North America | APAC | South America | MEA.comma