Global Autonomous Vehicle Sensors Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022

Pages: 158

SKU: IRTNTR41206

Snapshot

“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.

What will the Autonomous Vehicle Sensors Market Size be During the Forecast Period?

Download Report Sample to Unlock the Autonomous Vehicle Sensors Market Size for the Forecast Period and Other Important Statistics

Parent Market Analysis

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.

Autonomous Vehicle Sensors Market: Key Drivers, Trends, and Challenges

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

The maturing autonomous vehicle concept is one of the major drivers impacting the autonomous vehicle sensors market growth.
Technological advances and the increasing adoption of technology by end-users are boosting electronic content inside commercial vehicles.
Government regulations are forcing the deployment of minimum levels of ADAS. Such developments underline the fact that more vehicles have software and hardware embedded and implemented for the functioning of the systems, thereby making such vehicles compatible and conducive to technologies such as Level 3 autonomous vehicles. The presence of a conducive technology environment or platform to enable the viability of autonomous vehicles is an inherent driver of this market.

Key Autonomous Vehicle Sensors Market Trend

The development of an autonomous fleet of cab and parcel delivery services is one of the major trends influencing the autonomous vehicle sensors market growth.
Cabs and parcel delivery services extensively use vehicles as their main medium of transport. This allows vehicle makers to generate significant amounts of data regarding various drive patterns, traffic patterns, and road conditions.
Autonomous vehicles need to undergo multitudes of real-life scenarios to test their integrity and safety. Autonomous vehicles launched as cabs and parcel delivery services provide the learning foundation by putting the vehicle through all possible types of driving conditions. Hence, major autonomous vehicle makers have been focused on developing autonomous cars for cab and delivery services since 2017.

Key Autonomous Vehicle Sensors Market Challenge

System reliability and uncertainty in user acceptance of autonomous features are one of the major challenges impeding the autonomous vehicle sensors market growth. Though Level 3 autonomous vehicles use advanced ADAS to prevent accidents and assist the driver, the safety aspect is still not very clear.
Even occasional faults in the system can lead to a user discarding such technology, and such actions may cast a deleterious effect on the growth of the semi-autonomous vehicle market.
The sensors and systems that deliver vehicle automation need to be tuned accurately to avoid false positives. Improper tuning of the autonomous vehicle technology system may create unwanted stoppages of the vehicle. At the same time, the purpose of the autonomous vehicle technology system is defeated if the technology is tuned to generate only high-risk alerts. Therefore, electronic system manufacturers need to consider such consequences if they must deliver in line with user expectations.

Who are the Major Autonomous Vehicle Sensors Market Vendors?

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

Market Overview

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.

Autonomous Vehicle Sensors Market Value Chain Analysis

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.

Which are the Key Regions for Autonomous Vehicle Sensors Market?

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.

What are the Revenue-generating Product Segments in the Autonomous Vehicle Sensors Market?

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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.

Autonomous Vehicle Sensors Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 20.34%
Market growth 2022-2026	42.32 million units
Market structure	Fragmented
YoY growth (%)	9.68
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
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
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	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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What are the Key Data Covered in this Autonomous Vehicle Sensors Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive the growth during the next five years
Precise estimation of the size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of autonomous vehicle sensors market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
- Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product

5.3 Image sensors - Market size and forecast 2021-2026
- Exhibit 28: Chart on Image sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 29: Data Table on Image sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 30: Chart on Image sensors - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Image sensors - Year-over-year growth 2021-2026 (%)

5.4 Radar sensors - Market size and forecast 2021-2026
- Exhibit 32: Chart on Radar sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 33: Data Table on Radar sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 34: Chart on Radar sensors - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Radar sensors - Year-over-year growth 2021-2026 (%)

5.5 LiDAR sensors - Market size and forecast 2021-2026
- Exhibit 36: Chart on LiDAR sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 37: Data Table on LiDAR sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 38: Chart on LiDAR sensors - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on LiDAR sensors - Year-over-year growth 2021-2026 (%)

5.6 Other sensors - Market size and forecast 2021-2026
- Exhibit 40: Chart on Other sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 41: Data Table on Other sensors - Market size and forecast 2021-2026 (million units)
- Exhibit 42: Chart on Other sensors - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Other sensors - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Product
- Exhibit 44: Market opportunity by Product (million units)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (million units)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (million units)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 (million units)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 (million units)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 (million units)
- Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 (million units)
- Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 (million units)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 (million units)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 (million units)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (million units)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 (million units)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 (million units)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 (million units)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 (million units)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 (million units)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 (million units)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026
- Exhibit 86: Chart on France - Market size and forecast 2021-2026 (million units)
- Exhibit 87: Data Table on France - Market size and forecast 2021-2026 (million units)
- Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography (million units)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption

9.4 Industry risks
- Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 95: Vendors covered

10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification

10.3 Aptiv Plc
- Exhibit 97: Aptiv Plc - Overview
- Exhibit 98: Aptiv Plc - Business segments
- Exhibit 99: Aptiv Plc - Key news
- Exhibit 100: Aptiv Plc - Key offerings
- Exhibit 101: Aptiv Plc - Segment focus

10.4 Asahi Kasei Corp.
- Exhibit 102: Asahi Kasei Corp. - Overview
- Exhibit 103: Asahi Kasei Corp. - Business segments
- Exhibit 104: Asahi Kasei Corp. - Key news
- Exhibit 105: Asahi Kasei Corp. - Key offerings
- Exhibit 106: Asahi Kasei Corp. - Segment focus

10.5 Continental AG
- Exhibit 107: Continental AG - Overview
- Exhibit 108: Continental AG - Business segments
- Exhibit 109: Continental AG - Key news
- Exhibit 110: Continental AG - Key offerings
- Exhibit 111: Continental AG - Segment focus

10.6 Denso Corp.
- Exhibit 112: Denso Corp. - Overview
- Exhibit 113: Denso Corp. - Business segments
- Exhibit 114: Denso Corp. - Key news
- Exhibit 115: Denso Corp. - Key offerings
- Exhibit 116: Denso Corp. - Segment focus

10.7 HELLA GmbH and Co. KG
- Exhibit 117: HELLA GmbH and Co. KG - Overview
- Exhibit 118: HELLA GmbH and Co. KG - Business segments
- Exhibit 119: HELLA GmbH and Co. KG - Key offerings
- Exhibit 120: HELLA GmbH and Co. KG - Segment focus

10.8 Mitsubishi Electric Corp.
- Exhibit 121: Mitsubishi Electric Corp. - Overview
- Exhibit 122: Mitsubishi Electric Corp. - Business segments
- Exhibit 123: Mitsubishi Electric Corp. - Key news
- Exhibit 124: Mitsubishi Electric Corp. - Key offerings
- Exhibit 125: Mitsubishi Electric Corp. - Segment focus

10.9 NXP Semiconductors NV
- Exhibit 126: NXP Semiconductors NV - Overview
- Exhibit 127: NXP Semiconductors NV - Product / Service
- Exhibit 128: NXP Semiconductors NV - Key news
- Exhibit 129: NXP Semiconductors NV - Key offerings

10.10 Robert Bosch GmbH
- Exhibit 130: Robert Bosch GmbH - Overview
- Exhibit 131: Robert Bosch GmbH - Business segments
- Exhibit 132: Robert Bosch GmbH - Key news
- Exhibit 133: Robert Bosch GmbH - Key offerings
- Exhibit 134: Robert Bosch GmbH - Segment focus

10.11 Siemens AG
- Exhibit 135: Siemens AG - Overview
- Exhibit 136: Siemens AG - Business segments
- Exhibit 137: Siemens AG - Key news
- Exhibit 138: Siemens AG - Key offerings
- Exhibit 139: Siemens AG - Segment focus

10.12 Valeo SA
- Exhibit 140: Valeo SA - Overview
- Exhibit 141: Valeo SA - Business segments
- Exhibit 142: Valeo SA - Key news
- Exhibit 143: Valeo SA - Key offerings
- Exhibit 144: Valeo SA - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 145: Inclusions checklist
- Exhibit 146: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 147: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 148: Research methodology
- Exhibit 149: Validation techniques employed for market sizing
- Exhibit 150: Information sources

11.5 List of abbreviations
- Exhibit 151: List of abbreviations

Cooling systems parts o

Vehicle body and chassis o

Methodology

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

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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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