LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive ADAS sensors market, and it is poised to grow by USD 24.96 bn during 2020-2024, progressing at a CAGR of 21% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Progression toward autonomous vehicles has been instrumental in driving the growth of the market. However, high costs associated with ADAS technologies might hamper the market growth. Request a free sample report
Automotive ADAS Sensors Market 2020-2024: Segmentation
Automotive ADAS Sensors Market is segmented as below:
- Radar sensor
- Image sensor
- Ultrasonic sensor
- Infrared sensor
- LiDAR sensor
- North America
- South America
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Automotive ADAS Sensors Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive ADAS sensors market report covers the following areas:
- Automotive ADAS Sensors Market size
- Automotive ADAS Sensors Market trends
- Automotive ADAS Sensors Market industry analysis
This study identifies increased accuracy in perceiving environment through sensor fusion technique as one of the prime reasons driving the automotive ADAS sensors market growth during the next few years.
Automotive ADAS Sensors Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive ADAS sensors market, including some of the vendors such as Continental AG, FLIR Systems Inc., HELLA GmbH & Co. KGaA, Leddartech Inc., ON Semiconductor Corp., Robert Bosch GmbH, Samsung Electronics Co Ltd., Siemens AG, Sony Corp. and Texas instruments Inc. Backed with competitive intelligence and benchmarking, our research reports on the automotive ADAS sensors market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Automotive ADAS Sensors Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- 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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