The global ADAS sensor market is projected to grow to a CAGR of 12% to 14% from 2020 to 2025. The growth of ADAS sensor market is driven by increasing penetration of advanced driver assistant system (ADAS) in the automotive industry and progression towards autonomous vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the ADAS sensor market by sensor type (temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor, and others), by application (ACC, AHL, AEB, BSD, CTA, DMS, LDS, Night Vision, PA, SVC, TPMS, and others), vehicle type (passenger cars, and commercial vehicles) and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the ADAS sensor market?
Q.4 What are some changing demands of customers in the ADAS sensor market?
Q.5 What are the new developments in the ADAS sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this ADAS sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this ADAS sensor market?
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Market Segmentation:
Based on sensor type, the ADAS sensor market is segmented into temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor, and others. The radar sensor segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing safety, comfort, and entertainment, which provides ample opportunities for the application of radar sensor.
Key Players in the ADAS sensor market are Aisin Seiki Co., Autoliv AB, Robert Bosch GmbH, Continental AG, Delphi Automotive, Denso Corporation, Gentex Corporation, Harman International, Hella KGaA, Magna International, NXP Semiconductors, Panasonic Corporation, Texas Instruments Inc., Valeo S.A C.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
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