Automotive ADAS sensor market to record $49.15 billion growth from 2022 to 2027 | Europe accounts for 32% market share

new york, February 12, 2024 /PRNewswire/ — Automotive ADAS sensor market The size is predicted to increase by $49.15 billion From 2022 to 2027. The market is estimated to grow rapidly. CAGR 23.33%According to a recent market study by Technavio. Europe is expected to account for 32% of the global market expansion over the forecast period, making it a crucial hub for technology implementation, particularly in the automotive sector. World-famous car manufacturers and luxury brands such as BMW, Audi, and Mercedes-Benz are contributing. European prominence. Strict vehicle safety regulations in the region require the integration of advanced safety technologies, increasing the demand for sensors. Due to the increase in traffic accidents, car manufacturers are prioritizing the installation of safety systems. Additionally, these systems are significantly more prevalent in the emerging economies of Eastern Europe, driving regional market growth. The report features charts and data tables for market and segment size for the past five years (2017-2021).Download sample report

• Advancement towards autonomous vehicles is a key driver of market growth during the forecast period.
• The growing popularity of CMOS image sensors in camera-based ADAS is an emerging market trend.
• High costs associated with ADAS technology pose challenges to the growth of the automotive ADAS sensors market during the forecast period.

Technavio is a member of Aptiv, Asahi Kasei Corporation, Autoliv Inc., Continental AG, Denso Corp., Gentex Corp., HELLA GmbH and 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. Obtain a holistic overview of the global Automotive ADAS Sensors market from industry experts to assess and develop growth strategies.Download the sample

segmentation analysis

This research report covers products (radar sensors, image sensors, ultrasonic sensors, infrared sensors, lidar sensors), applications (passenger cars and commercial vehicles), and geography (Europe, North America,Asia Pacific, south americaand middle east and Africa).

• growth due to radar sensor segment will be important for growth during the forecast period. Applications in this segment are primarily within the ADAS and autonomy domains. This segment holds the highest share among all other types of ADAS sensors currently available on the market. ADAS technologies that use radar sensors include advanced emergency braking systems (AEBS), collision avoidance systems (CAS), adaptive cruise control (ACC), pedestrian protection systems (PPS), and lane departure warning systems (LDWS). included. , such factors drive the industry. Purchase the report for detailed insights on inclusions and exclusions

What are the key data covered in this report?

• CAGR during the forecast period
• More information on the factors driving growth from 2023 to 2027
• Accurate estimation of size and contribution to parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Overall industry growth Europe, North America,Asia Pacific, south americaand middle east and Africa
• Thorough analysis of the competitive environment and detailed information on vendors
• Comprehensive analysis of factors hindering vendor growth

Get instant access to over 17,000 research reports.
Technavio's SUBSCRIPTION platform

Related reports:

of 3D sensor market Its size is expected to increase by USD 10.84 billion from 2021 to 2026, and the growth momentum is expected to accelerate at a CAGR of 23.19%.

of Automotive sensor market size France is expected to grow by $739.69 million from 2021 to 2026 at a CAGR of 8.2%.

Automotive safety systems utilize a combination of lidar, radar, cameras, ultrasound, and infrared sensors to increase driver awareness and prevent accidents. Adaptive Cruise Control (ACC) maintains a safe distance from the vehicle in front, while Blind Spot Detection (BSD) warns the driver about vehicles that are not visible. Lane departure warning (LDW) systems mitigate unintentional lane departures, and collision avoidance systems use sensor data to predict and avoid potential collisions. In addition, traffic sign recognition (TSR) provides enhanced road awareness. Collectively, these technologies form a comprehensive safety net, ensuring safer travel and reducing the risk of collisions on the road.

About us
Technavio is the world's leading technology research and advisory company. Their research and analysis focuses on emerging trends and provides actionable insights that help companies identify opportunities and develop effective strategies to optimize their position. . With over 500 expert analysts, Technavio's report library consists of over 17,000 reports covering 800 technologies across 50 countries, and growing. The company's customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential markets and position themselves competitively within the changing scenario. is being evaluated.

contact
Technabio Research
jesse maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

Source Technavio