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.
Technavio has announced its latest market research report titled Global automotive advanced driver assistance system (ADAS) sensors market 2024-2028
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Automotive Advanced Driver Assistance System (ADAS) Sensors Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018 – 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 32.97% |
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Market growth 2024-2028 |
USD 102442 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
24.9 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 32% |
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Key countries |
US, China, Germany, France, and Japan |
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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.
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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.
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SOURCE Technavio