Research Nester published a report titled “Perception Sensors Market: Global Demand Analysis & Opportunity Outlook 2036” which delivers detailed overview of the global perception sensors market in terms of market segmentation by type, vehicle type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The market is estimated to grab a large amount of revenue by growing at a CAGR of ~3% during the forecast period, i.e., 2024 – 2036, on the back of rising number of car accidents, increasing demand for passenger safety and growing adoption of advanced technologies. Furthermore, strict government regulations to enhance autonomous capabilities of vehicles and growing investments by market players is anticipated to drive market growth in the near future.
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The perception sensors market is segmented by type, vehicle type and application. On the basis of type, the camera segment is predicted to garner the largest share in the market, which can be credited to the consumption of very low static power, higher sensitivity as a result of latest pixel structure. Along with this, the LIDAR segment is also expected to occupy a significant share in the market ascribing to the increasing use of these sensors in level 1 and level 2 autonomous vehicles.
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Geographically, the market is segmented into five major regions, including, North America, Europe, Latin America, Asia Pacific and the Middle East & Africa. The market in North America is projected to grow with the highest rate during the forecast period owing to the rising sales of electric vehicles and high adoption of advanced driving systems in the region. Moreover, Asia Pacific is estimated to occupy the largest market share in the future ascribing to the escalating disposable income and low automotive production costs.
Rising Demand for Passenger Safety to Drive Market Growth
The increasing number of fatalities as a result of vehicular accidents has given rise to the adoption of safety measures such as emergency brake assist, blind spot monitoring and lane-keep assist. Ultrasonic sensors are necessary for the appropriate installation of such features, which is considered to be a crucial factor for boosting the market growth in the coming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
However, high cost of perception sensors is expected to operate as key restraint to the growth of the perception sensors market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global perception sensors market which includes company profiling of Robert Bosch GmbH, Analog Devices, Inc, DENSO CORPORATION, NVIDIA Corporation, LeddarTech Inc., Quanergy Systems, Inc., Velodyne Lidar, Inc., EMBARCADERO INC., AEye, Inc., Mobileye Technologies Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the perception sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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