NEW YORK, Nov. 21, 2022 /PRNewswire/ — The Global Automotive ADAS Sensors Market share is set to increase by USD 49153.06 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 23.33% as per the latest market forecast report by Technavio. The market will also record a 22.39% Y-O-Y growth rate during the forecast period.
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Technavio has announced its latest market research report titled Global Automotive ADAS Sensors Market 2023-2027
Global Automotive ADAS Sensors Market- Parent Market Analysis
Technavio categorizes the global kombucha market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment.
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Global Automotive ADAS Sensors Market Characteristics with Five Forces–
The Global Automotive ADAS Sensors Market is fragmented and the five forces analysis by Technavio gives the accurate vision –
Global Automotive ADAS Sensors Market- Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Automotive ADAS Sensors Market by Product and Application – Forecast and Analysis 2023-2027
The automotive ADAS Sensors Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Automotive ADAS Sensors Market by Product and Application – Forecast and Analysis 2023-2027 Automotive ADAS Sensors Market size and actionable market understandings.
Regional Highlights:
Europe is the fastest-growing region in the global Automotive ADAS Sensors Market compared to other regions. 32% growth will originate from Europe. Global automakers and well-known luxury car companies like BMW, Audi, and Mercedes-Benz are based in Europe. Thus, one of the biggest potential markets for ADAS technologies is in Europe. The European Commission is also imposing very strict car safety standards in the area, which call for the incorporation of cutting-edge safety devices in automobiles. This is a key factor in the region’s adoption of ADAS systems and ADAS sensors during the course of the projected period. The region’s automakers are being compelled to install ADAS systems in their vehicles due to the rise in traffic accidents in Europe. The considerable use of ADAS systems in the developing nations of Eastern Europe is fueling the expansion of the local market.
Type Segment Overview
The Global Automotive ADAS Sensors Market as per Product segmentation is categorized into Radar sensors, Image sensors, Ultrasonic sensors, Infrared sensors, and LiDAR sensors.
Revenue Generating Segment – Large enterprises are using cloud solutions to make their business more profitable. The major areas of use for radar sensors in the automotive industry are ADAS and autonomy. As ADAS technology advances, the automobile industry is steadily moving toward autonomous vehicles. Studies carried out in numerous nations have demonstrated that AEBS dramatically lowers the frequency of rear-end crashes. The US Department of Transportation has ordered that AEBS be a standard feature on all vehicles manufactured after the 2022 model year. During the projected period, this will propel the market for automotive advanced driver assistance system (ADAS) sensors.
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Global Automotive ADAS Sensors Market– Market Dynamics
Major Driver Boosting the Market
The expansion of the automotive ADAS sensors market is significantly being driven by the improved accuracy in detecting the environment provided by the sensor fusion approach. Modern automakers have created sophisticated safety systems with limited information exchange in mind.
However, the sensor fusion technique merges data from several sensors to mix inputs from various radars, lidars, and cameras. By reducing the shortcomings of each sensor, the method enables the efficient operation of the ADAS system. With the help of sensor fusion technology, it is possible to effectively perceive and be aware of the environment while driving by combining several inputs from various sensors
Major trends influencing the growth of glamping
The key factor fueling the expansion of the automotive ADAS sensors market is the rising use of CMOS image sensors in camera-based ADAS. Earlier, car cameras employed pricey CCD technology. The usage of this technology resulted in slow analog-to-digital conversion and visual distortion. Recently, CMOS image sensors in camera modules have come to the forefront of car OEMs’ attention. This sort of sensor includes digitized circuits, amplifiers, charge-to-voltage conversion technology, and noise-correction technology.
Even in poor vision, these sensors assist in producing images in the rearview mirror that are not blurry. The growing demand for CMOS image sensors is also a result of the increased installation of features that enhance convenience and safety in automobiles.
Major Challenges interrupting the market growth
The expansion of the automotive ADAS sensors market may be hampered by the high cost of ADAS technologies. The implementation of ADAS technology and systems in vehicles other than luxury models has been constrained by the high costs involved with their acquisition and maintenance. The cost of acquiring and installing ADAS-based systems is high.
The high costs of ADAS sensors can be linked to the expenses of producing, obtaining, and selling such sensors and their constituent parts. However, the high cost of these sensors prevents their widespread use in many vehicle categories. Night vision cameras have little governmental assistance, which further limits their adoption.
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Automotive ADAS Sensors Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist Automotive ADAS Sensors Market growth during the next five years
Estimation of the Automotive ADAS Sensors Market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the Automotive ADAS Sensors Market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of Automotive ADAS Sensors Market vendors
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Automotive ADAS Sensors Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 23.33% |
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Market growth 2023-2027 |
USD 49153.06 million |
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Market structure |
Fragmented |
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YoY growth (%) |
22.39 |
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Regional analysis |
Europe, North America, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
Europe at 32% |
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Key consumer countries |
US, Japan, China, Germany, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Aptiv, Asahi Kasei Corp., Autoliv Inc., Continental AG, Denso Corp., Gentex Corp., HELLA GmbH & Co. KG, Henkel AG & 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. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive ADAS sensors market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global automotive ADAS sensors market 2017 – 2021 ($ million)
4.2 Product Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)
4.3 Application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Product
6.1 Market segments
Exhibit 30: Chart on Product – Market share 2022-2027 (%)
Exhibit 31: Data Table on Product – Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Radar sensor – Market size and forecast 2022-2027
Exhibit 34: Chart on Radar sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Radar sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Radar sensor – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Radar sensor – Year-over-year growth 2022-2027 (%)
6.4 Image sensor – Market size and forecast 2022-2027
Exhibit 38: Chart on Image sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Image sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Image sensor – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Image sensor – Year-over-year growth 2022-2027 (%)
6.5 Ultrasonic sensor – Market size and forecast 2022-2027
Exhibit 42: Chart on Ultrasonic sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Ultrasonic sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Ultrasonic sensor – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Ultrasonic sensor – Year-over-year growth 2022-2027 (%)
6.6 Infrared sensor – Market size and forecast 2022-2027
Exhibit 46: Chart on Infrared sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Infrared sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Infrared sensor – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Infrared sensor – Year-over-year growth 2022-2027 (%)
6.7 LiDAR sensor – Market size and forecast 2022-2027
Exhibit 50: Chart on LiDAR sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on LiDAR sensor – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on LiDAR sensor – Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on LiDAR sensor – Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Product
Exhibit 54: Market opportunity by Product ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 55: Chart on Application – Market share 2022-2027 (%)
Exhibit 56: Data Table on Application – Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 57: Chart on Comparison by Application
Exhibit 58: Data Table on Comparison by Application
7.3 Passenger vehicle – Market size and forecast 2022-2027
Exhibit 59: Chart on Passenger vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Passenger vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Passenger vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Passenger vehicle – Year-over-year growth 2022-2027 (%)
7.4 Commercial vehicle – Market size and forecast 2022-2027
Exhibit 63: Chart on Commercial vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Commercial vehicle – Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Commercial vehicle – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Commercial vehicle – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Application
Exhibit 67: Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 Europe – Market size and forecast 2022-2027
Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.4 North America – Market size and forecast 2022-2027
Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 81: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 France – Market size and forecast 2022-2027
Exhibit 105: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on France – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 109: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 Aptiv
Exhibit 120: Aptiv – Overview
Exhibit 121: Aptiv – Business segments
Exhibit 122: Aptiv – Key offerings
Exhibit 123: Aptiv – Segment focus
12.4 Asahi Kasei Corp.
Exhibit 124: Asahi Kasei Corp. – Overview
Exhibit 125: Asahi Kasei Corp. – Business segments
Exhibit 126: Asahi Kasei Corp. – Key news
Exhibit 127: Asahi Kasei Corp. – Key offerings
Exhibit 128: Asahi Kasei Corp. – Segment focus
12.5 Autoliv Inc.
Exhibit 129: Autoliv Inc. – Overview
Exhibit 130: Autoliv Inc. – Business segments
Exhibit 131: Autoliv Inc. – Key news
Exhibit 132: Autoliv Inc. – Key offerings
Exhibit 133: Autoliv Inc. – Segment focus
12.6 Continental AG
Exhibit 134: Continental AG – Overview
Exhibit 135: Continental AG – Business segments
Exhibit 136: Continental AG – Key offerings
Exhibit 137: Continental AG – Segment focus
12.7 Denso Corp.
Exhibit 138: Denso Corp. – Overview
Exhibit 139: Denso Corp. – Business segments
Exhibit 140: Denso Corp. – Key news
Exhibit 141: Denso Corp. – Key offerings
Exhibit 142: Denso Corp. – Segment focus
12.8 Gentex Corp.
Exhibit 143: Gentex Corp. – Overview
Exhibit 144: Gentex Corp. – Business segments
Exhibit 145: Gentex Corp. – Key news
Exhibit 146: Gentex Corp. – Key offerings
Exhibit 147: Gentex Corp. – Segment focus
12.9 HELLA GmbH and Co. KG
Exhibit 148: HELLA GmbH and Co. KG – Overview
Exhibit 149: HELLA GmbH and Co. KG – Business segments
Exhibit 150: HELLA GmbH and Co. KG – Key offerings
Exhibit 151: HELLA GmbH and Co. KG – Segment focus
12.10 LeddarTech Inc.
Exhibit 152: LeddarTech Inc. – Overview
Exhibit 153: LeddarTech Inc. – Product / Service
Exhibit 154: LeddarTech Inc. – Key offerings
12.11 ON Semiconductor Corp.
Exhibit 155: ON Semiconductor Corp. – Overview
Exhibit 156: ON Semiconductor Corp. – Business segments
Exhibit 157: ON Semiconductor Corp. – Key offerings
Exhibit 158: ON Semiconductor Corp. – Segment focus
12.12 Robert Bosch GmbH
Exhibit 159: Robert Bosch GmbH – Overview
Exhibit 160: Robert Bosch GmbH – Business segments
Exhibit 161: Robert Bosch GmbH – Key news
Exhibit 162: Robert Bosch GmbH – Key offerings
Exhibit 163: Robert Bosch GmbH – Segment focus
12.13 Samsung Electronics Co. Ltd.
Exhibit 164: Samsung Electronics Co. Ltd. – Overview
Exhibit 165: Samsung Electronics Co. Ltd. – Business segments
Exhibit 166: Samsung Electronics Co. Ltd. – Key news
Exhibit 167: Samsung Electronics Co. Ltd. – Key offerings
Exhibit 168: Samsung Electronics Co. Ltd. – Segment focus
12.14 Siemens AG
Exhibit 169: Siemens AG – Overview
Exhibit 170: Siemens AG – Business segments
Exhibit 171: Siemens AG – Key news
Exhibit 172: Siemens AG – Key offerings
Exhibit 173: Siemens AG – Segment focus
12.15 Sony Group Corp.
Exhibit 174: Sony Group Corp. – Overview
Exhibit 175: Sony Group Corp. – Business segments
Exhibit 176: Sony Group Corp. – Key offerings
Exhibit 177: Sony Group Corp. – Segment focus
12.16 Teledyne Technologies Inc.
Exhibit 178: Teledyne Technologies Inc. – Overview
Exhibit 179: Teledyne Technologies Inc. – Business segments
Exhibit 180: Teledyne Technologies Inc. – Key news
Exhibit 181: Teledyne Technologies Inc. – Key offerings
Exhibit 182: Teledyne Technologies Inc. – Segment focus
12.17 Texas Instruments Inc.
Exhibit 183: Texas Instruments Inc. – Overview
Exhibit 184: Texas Instruments Inc. – Business segments
Exhibit 185: Texas Instruments Inc. – Key news
Exhibit 186: Texas Instruments Inc. – Key offerings
Exhibit 187: Texas Instruments Inc. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations
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