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“The Autonomous Vehicle Sensors Market is poised to grow by 42.32 million units during 2022-2026, accelerating at a CAGR of 20.34% during the forecast period”
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers autonomous vehicle sensors market segmentation by product (/image sensors, radar sensors, LiDAR sensors, and other sensors) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including Aptiv Plc, Asahi Kasei Corp., Brigade Electronics Group Plc, Continental AG, Denso Corp., First Sensor AG, Gentex Corp., HELLA GmbH and Co. KG, Ibeo Automotive Systems GmbH, LeddarTech Inc., Lumentum Holdings Inc., Mitsubishi Electric Corp., Nidec Corp., NXP Semiconductors NV, ON Semiconductor Corp., PIXELPLUS Co. Ltd, Robert Bosch GmbH, Siemens AG, STMicroelectronics NV, and Valeo SA among others.
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Our Technavio Research categorizes the report belonging to Auto Components Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio Research categorizes the global Autonomous Vehicle Sensors Market belonging to the Automobiles and Components Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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 forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Key Autonomous Vehicle Sensors Market Driver
Key Autonomous Vehicle Sensors Market Trend
Key Autonomous Vehicle Sensors Market Challenge
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
The global auto parts and equipment market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, and off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. The global auto components market is expected to grow at a moderate pace. Technavio calculates the global auto components market size based on combined revenue generated by manufacturers of auto parts and accessories.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
37% of the market’s growth will originate from North America during the forecast period. The US is the key market for autonomous vehicle sensors market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The US, Canada, and Mexico are expected to be the major contributors to the autonomous vehicle market in the global automotive industry. Further, sourcing is one of the crucial reasons for the location shifting of the automotive value chain. For instance, vehicle manufacturers are moving their manufacturing facilities to Mexico to leverage labor arbitrage and low production costs. This has increased vehicle production in the country and the subsequent demand for the automotive safety system in this market. Therefore, the demand for autonomous vehicle sensors is bound to rise during the forecast period.
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The autonomous vehicle sensors market share growth in the radar sensors segment will be significant during the forecast period. Radar sensors hold the highest market share among all other types of autonomous vehicle sensors available in the market. Radar sensors (also known as headway sensors) are a key component of ADAS and autonomous driving. These sensors are used to constantly sense (in real-time) the distance between vehicles or between the vehicle and the large objects around it, thereby improving driving efficiency and safety. The market is dominated by developed countries, such as the US, Japan, and a few countries in Western Europe, owing to the significant advances. The market growth is dependent on the increasing use of ADs to reduce the risk of accidents. The aftermarket also provides sensors that are now compatible with mid-range and small car segments. In addition, initiatives aimed at improving vehicle safety in many countries are compelling automotive manufacturers to install these systems as a standard feature in their offerings.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key regional opportunities over the coming years.
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Autonomous Vehicle Sensors Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.34% |
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Market growth 2022-2026 |
42.32 million units |
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Market structure |
Fragmented |
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YoY growth (%) |
9.68 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Aptiv Plc, Asahi Kasei Corp., Brigade Electronics Group Plc, Continental AG, Denso Corp., First Sensor AG, Gentex Corp., HELLA GmbH and Co. KG, Ibeo Automotive Systems GmbH, LeddarTech Inc., Lumentum Holdings Inc., Mitsubishi Electric Corp., Nidec Corp., NXP Semiconductors NV, ON Semiconductor Corp., PIXELPLUS Co. Ltd, Robert Bosch GmbH, Siemens AG, STMicroelectronics NV, and Valeo SA |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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