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Automotive ADAS Sensors Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41028
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The automotive ADAS sensors market share is expected to increase by USD 30.53 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 22%. The automotive ADAS sensors market report also offers information on several market vendors, including 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. among others.Furthermore, this automotive ADAS sensors market research report extensively covers automotive ADAS sensors market segmentation by product (radar sensor, image sensor, ultrasonic sensor, infrared sensor, and LiDAR sensor) and geography (Europe, North America, APAC, South America, and MEA).

What will the Automotive ADAS Sensors Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Automotive ADAS Sensors Market Size for the Forecast Period and Other Important Statistics

 

Automotive ADAS Sensors Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The progression toward autonomous vehicles is notably driving the automotive ADAS sensors market growth, although factors such as high costs associated with ADAS technologies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive ADAS sensors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive ADAS Sensors Market Driver

One of the key factors driving growth in the automotive ADAS sensors market is the progression toward autonomous vehicles. ADAS sensors are increasingly incorporated in vehicles, with the major OEMs and tier-I players working toward automated driving. Aggressive steps are being taken to achieve level-3 and level-4 vehicle automation standards. These initiatives will drive the market for ADAS sensors, despite the high costs involved in incorporating such components in a vehicle.

Key Automotive ADAS Sensors Market Trend

The growing popularity of CMOS image sensor in camera based ADAS is a automotive ADAS sensors market trend that is expected to have a positive impact in the coming years. Earlier, the expensive CCD technology was used in automotive cameras. The use of the technology led to image distortion and slow analog-to-digital conversion. Lately, OEMs have shifted their focus toward CMOS image sensors in camera modules. The sensor comprises noise-correction technologies, charge-to-voltage conversion technologies, digitized circuits, and amplifiers. The increased installation of convenience and safety-related functionalities in automobiles further leads to the high demand for CMOS image sensors. The increasing focus of automakers on the safety of the vehicle occupants has been driving the demand for CMOS image sensors in camera based ADAS systems.

Key Automotive ADAS Sensors Market Challenge

The high costs associated with ADAS technologies will be a major challenge for the automotive ADAS sensors market during the forecast period. High costs associated with the procurement and maintenance of ADAS technologies and systems (such as radars, cameras, sensors, and sensitive and complex image analysis algorithms) have limited their incorporation in luxury vehicles. ACC, an advanced cruise control system, costs more than $1,500, thereby restricting its installation in mass-segment vehicles. The purchase and installation of ADAS-based systems is an expensive process. The high costs associated with the ADAS sensor can be attributed to the costs associated with manufacturing, sourcing, and marketing such sensor and their components. The high costs associated with such sensors impact their adoption in vehicles. The limited governmental backing for night vision cameras further restricts their adoption.

This automotive ADAS sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive ADAS sensors market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive ADAS sensors market during the forecast period.

Who are the Major Automotive ADAS Sensors Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Texas Instruments Inc.

 

This statistical study of the automotive ADAS sensors market encompasses successful business strategies deployed by the key vendors. The automotive ADAS sensors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Samsung Electronics Co. Ltd. - The company offers Exynos Auto V9 auomotive processor and other ADAS products.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive ADAS sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive ADAS Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive ADAS sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive ADAS Sensors Market?

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35% of the market’s growth will originate from APAC during the forecast period. China  and Japan are the key markets for automotive ADAS sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant investments in infrastructure and industrialization have also fueled growth in the passenger and commercial vehicle segments. This will facilitate the automotive ADAS sensors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Industrial activities in APAC were adversely impacted in 2020 due to the COVID-19 pandemic. The imposition of stringent lockdowns and social distancing regulations forced many business owners to shut down their facilities temporarily. However, industries are expected to recover as the COVID-19 pandemic ceases to exist. The recovery in the demand for and production of vehicles will drive the demand for ADAS sensors. Positive growth of the regional market is expected during the forecast period.

What are the Revenue-generating Product Segments in the Automotive ADAS Sensors Market?

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The automotive ADAS sensors market share growth by the radar sensor segment will be significant during the forecast period. The radar sensor segment holds the highest market share among all other types of ADAS sensors available in the market today. The automotive industry is gradually shifting toward autonomous vehicles with the development of ADAS technologies. Organizations across the globe are considering mandating AEBS as it provides increased safety. Studies performed in many countries have shown that AEBS significantly reduces the number of rear-end collisions. Automotive governing councils in developed economies such as the Americas and Europe are also conducting many campaigns and initiatives to encourage other automakers operating in different economies to start offering AEBS as a standard feature. These systems would not only curb the number of collisions but will also allow the system developers and manufacturers to check the effectiveness of the technology when equipped on a large scale.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive ADAS sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive ADAS Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22%

Market growth 2021-2025

$ 30.53 billion

Market structure

Fragmented

YoY growth (%)

20.89

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

US, Germany, China, Japan, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive ADAS Sensors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive ADAS sensors market growth during the next five years
  • Precise estimation of the automotive ADAS sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive ADAS sensors industry across Europe, North America, APAC, South America, and MEA
  • A thorough 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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1. Executive Summary                        

2. Market Landscape                          

              2.1 Market ecosystem            

                             Exhibit 01:  Parent market

                             Exhibit 02:  Market Characteristics

              2.2    Value chain analysis      

                             Exhibit 03:  Value chain analysis : Automotive components and accessories

                             2.2.1   Inputs

                             2.2.2   Inbound logistics

                             2.2.3   Operations

                             2.2.4   Distribution and logistics

                             2.2.5   Marketing and sales

                             2.2.6   Service

3. Market Sizing                     

              3.1 Market definition

                             Exhibit 04:  Offerings of vendors included in the market definition

              3.2 Market segment analysis 

                             Exhibit 05:  Market segments

              3.3 Market size 2020 

              3.4 Market outlook: Forecast for 2020 - 2025 

                             3.4.1   Estimating growth rates for emerging and high-growth markets

                             3.4.2   Estimating growth rates for mature markets

                             Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ million)

                             Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                        

              4.1 Five Forces Summary       

                             Exhibit 08: Five forces analysis 2020 & 2025

              4.2 Bargaining power of buyers          

                             Exhibit 09: Bargaining power of buyers

              4.3 Bargaining power of suppliers      

                             Exhibit 10: Bargaining power of suppliers

              4.4 Threat of new entrants    

                             Exhibit 11: Threat of new entrants

              4.5 Threat of substitutes        

                             Exhibit 12: Threat of substitutes

              4.6 Threat of rivalry  

                             Exhibit 13: Threat of rivalry

              4.7 Market condition

                             Exhibit 14:  Market condition - Five forces 2020

5. Market Segmentation by Product             

              5.1 Market segments

                             The segments covered in this chapter are:

  • Radar sensor
  • Image sensor
  • Ultrasonic sensor
  • Infrared sensor
  • LiDAR sensor

                             Exhibit 15:  Product - Market share 2020-2025 (%)

              5.2    Comparison by Product

                             Exhibit 16:  Comparison by Product

              5.3    Radar sensor - Market size and forecast 2020-2025         

                             Exhibit 17:  Radar sensor - Market size and forecast 2020-2025 ($ million)

                             5.3.1   Advanced emergency braking system (AEBS)

                             5.3.2   Collision avoidance system (CAS)

                             5.3.3   Adaptive cruise control (ACC)

                             5.3.4   Blind spot detection (BSD)

                             5.3.5   Pedestrian protection systems (PPS)

                             5.3.6   Lane departure warning system (LDWS)

                             Exhibit 18:  Radar sensor - Year-over-year growth 2020-2025 (%)

              5.4    Image sensor - Market size and forecast 2020-2025         

                             Exhibit 19:  Image sensor - Market size and forecast 2020-2025 ($ million)

                             Exhibit 20:  Image sensor - Market size and forecast 2020-2025 ($ million)

              5.5    Ultrasonic sensor - Market size and forecast 2020-2025 

                             Exhibit 21:  Ultrasonic sensor - Market size and forecast 2020-2025 ($ million)

                             Exhibit 22:  Ultrasonic sensor - Year-over-year growth 2020-2025 (%)

              5.6    Infrared sensor - Market size and forecast 2020-2025     

                             Exhibit 23:  Infrared sensor - Market size and forecast 2020-2025 ($ million)

                             Exhibit 24:  Infrared sensor - Market size and forecast 2020-2025 ($ million)

              5.7    LiDAR sensor - Market size and forecast 2020-2025         

                             Exhibit 25:  LiDAR sensor - Market size and forecast 2020-2025 ($ million)

                             Exhibit 26:  LiDAR sensor - Year-over-year growth 2020-2025 (%)

              5.8    Market opportunity by Product

                             Exhibit 27:  Market opportunity by Product

6. Customer landscape                       

                             Exhibit 28:  Customer landscape

7. Geographic Landscape                   

              7.1 Geographic segmentation

                             The regions covered in the report are:

  • Europe
  • North America
  • APAC
  • South America
  • MEA

                             Exhibit 29:  Market share by geography 2020-2025 (%)

              7.2 Geographic comparison  

                             Exhibit 30:  Geographic comparison

              7.3   Europe - Market size and forecast 2020-2025       

                             Exhibit 31:  Europe - Market size and forecast 2020-2025 ($ million)

                             Exhibit 32:  Europe - Year-over-year growth 2020-2025 (%)

              7.4    North America - Market size and forecast 2020-2025      

                             Exhibit 33:  North America - Market size and forecast 2020-2025 ($ million)

                             Exhibit 34:  North America - Year-over-year growth 2020-2025 (%)

              7.5    APAC - Market size and forecast 2020-2025        

                             Exhibit 35:  APAC - Market size and forecast 2020-2025 ($ million)

                             Exhibit 36:  APAC - Year-over-year growth 2020-2025 (%)

              7.6    South America - Market size and forecast 2020-2025      

                             Exhibit 37:  South America - Market size and forecast 2020-2025 ($ million)

                             Exhibit 38:  South America - Year-over-year growth 2020-2025 (%)

              7.7    MEA - Market size and forecast 2020-2025          

                             Exhibit 39:  MEA - Market size and forecast 2020-2025 ($ million)

                             Exhibit 40:  MEA - Year-over-year growth 2020-2025 (%)

              7.8    Key leading countries    

                             Exhibit 41:  Key leading countries

              7.9    Market opportunity by geography          

                             Exhibit 42:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                 

              8.1    Market drivers 

                             8.1.1   Progression toward autonomous vehicles

                            Exhibit 43:  Timeline for various automated driving systems and sensor market

                             8.1.2   Increased accuracy in perceiving environment through sensor fusion technique

                             8.1.3   Regulations pertaining to safety systems

              8.2 Market challenges             

                             8.2.1   High costs associated with ADAS technologies.

                             8.2.2   Impact on driving behavior and calibration issues

                             8.2.3   Low consumer awareness

                             Exhibit 44:  Impact of drivers and challenges

              8.3 Market trends     

                             8.3.1   Growing popularity of CMOS image sensor in camera-based ADAS

                             8.3.2   Growing traction of System-on-chip (SoC) in the automotive radar sensor market

                             8.3.3   Growing popularity of modular automotive reference system platform

9. Vendor Landscape                          

              9.1    Overview           

                             Exhibit 45:  Vendor landscape

              9.2    Landscape disruption    

                             Exhibit 46:  Landscape disruption

                             Exhibit 47:  Industry risks

10. Vendor Analysis              

              10.1 Vendors covered             

                             Exhibit 48:  Vendors covered

              10.2 Market positioning of vendors   

                             Exhibit 49:  Market positioning of vendors

              10.3  Continental AG

                             Exhibit 50:  Continental AG - Overview

                             Exhibit 51:  Continental AG - Business segments

                             Exhibit 52:  Continental AG - Key offerings

                             Exhibit 53:  Continental AG - Segment focus

              10.4  FLIR Systems Inc.            

                             Exhibit 54:  FLIR Systems Inc. - Overview

                             Exhibit 55:  FLIR Systems Inc. - Business segments

                             Exhibit 56:  FLIR Systems Inc. - Key news

                             Exhibit 57:  FLIR Systems Inc. - Key offerings

                             Exhibit 58:  FLIR Systems Inc. - Segment focus

              10.5  HELLA GmbH & Co. KGaA            

                             Exhibit 59:  HELLA GmbH & Co. KGaA - Overview

                             Exhibit 60:  HELLA GmbH & Co. KGaA - Business segments

                             Exhibit 61:  HELLA GmbH & Co. KGaA - Key news

                             Exhibit 62:  HELLA GmbH & Co. KGaA - Key offerings

                             Exhibit 63:  HELLA GmbH & Co. KGaA - Segment focus

              10.6  LeddarTech Inc.

                             Exhibit 64:  LeddarTech Inc. - Overview

                             Exhibit 65:  LeddarTech Inc. - Product and service

                             Exhibit 66:  LeddarTech Inc. - Key news

                             Exhibit 67:  LeddarTech Inc. - Key offerings

              10.7  ON Semiconductor Corp.            

                             Exhibit 68:  ON Semiconductor Corp. - Overview

                             Exhibit 69:  ON Semiconductor Corp. - Business segments

                             Exhibit 70:  ON Semiconductor Corp. - Key offerings

                             Exhibit 71:  ON Semiconductor Corp. - Segment focus

              10.8  Robert Bosch GmbH      

                             Exhibit 72:  Robert Bosch GmbH - Overview

                             Exhibit 73:  Robert Bosch GmbH - Business segments

                             Exhibit 74:  Robert Bosch GmbH - Key news

                             Exhibit 75:  Robert Bosch GmbH - Key offerings

                             Exhibit 76:  Robert Bosch GmbH - Segment focus

              10.9  Samsung Electronics Co. Ltd.     

                             Exhibit 77:  Samsung Electronics Co. Ltd. - Overview

                             Exhibit 78:  Samsung Electronics Co. Ltd. - Business segments

                             Exhibit 79:  Samsung Electronics Co. Ltd. - Key news

                             Exhibit 80:  Samsung Electronics Co. Ltd. - Key offerings

                             Exhibit 81:  Samsung Electronics Co. Ltd. - Segment focus

              10.10   Siemens AG   

                             Exhibit 82:  Siemens AG - Overview

                             Exhibit 83:  Siemens AG - Business segments

                             Exhibit 84:  Siemens AG - Key news

                             Exhibit 85:  Siemens AG - Key offerings

                             Exhibit 86:  Siemens AG - Segment focus

              10.11  Sony Corp.      

                             Exhibit 87:  Sony Corp. - Overview

                             Exhibit 88:  Sony Corp. - Business segments

                             Exhibit 89:  Sony Corp. - Key news

                             Exhibit 90:  Sony Corp. - Key offerings

                             Exhibit 91:  Sony Corp. - Segment focus

              10.12  Texas Instruments Inc.

                             Exhibit 92:  Texas Instruments Inc. - Overview

                             Exhibit 93:  Texas Instruments Inc. - Business segments

                             Exhibit 94:  Texas Instruments Inc. - Key offerings

                             Exhibit 95:  Texas Instruments Inc. - Segment focus

11. Appendix                          

              11.1 Scope of the report        

                             11.1.1 ????Market definition

                             11.1.2 Objective

                             11.1.3 Notes and caveats

              11.2 Currency conversion rates for US$           

                             Exhibit 96:  Currency conversion rates for US$

              11.3 Research Methodology  

                             Exhibit 97:  Research Methodology

                             Exhibit 98:  Validation techniques employed for market sizing

                             Exhibit 99:  Information sources

              11.4 List of abbreviations       

                             Exhibit 100:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive adas sensors market growth will increase by $24.96 billion during 2021-2025.
The automotive adas sensors market is expected to grow at a CAGR of 21.40% during 2021-2025.
Technavio has segmented the automotive adas sensors market by product (Radar sensor, Image sensor, Ultrasonic sensor, Infrared sensor, and LiDAR sensor) and geographic (Europe, North America, APAC, South America, and MEA).
Aptiv Plc, Asahi Kasei Corp., Autoliv Inc., Continental AG, DENSO Corp., FLIR Systems Inc., Gentex Corp., HELLA GmbH & Co. KGaA, 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 Corp., STMicroelectronics NV, and Texas Instruments Inc. are a few of the key vendors in the automotive adas sensors market.
APAC will register the highest growth rate of 34.86% among the other regions. Therefore, the automotive adas sensors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive adas sensors market growth are:
  • Progression toward autonomous vehicles
  • Growing popularity of CMOS image sensor in camera-based ADAS
The automotive adas sensors market vendors should focus on grabbing business opportunities from the radar sensor segment as it accounted for the largest market share in the base year.
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