By 2030, the market for ADAS Sensors Market Share is expected to surpass US$ 43.2 Billion. Sales of improved driver comfort and safety in passenger cars are anticipated to grow at an amazing 14.1% CAGR over the course of the projection period.
The demand for Advanced Driver Assistance Systems (ADAS) sensors is expected to grow significantly in the coming years as the automotive industry continues to incorporate more advanced safety and driver assistance features into vehicles. Here are some details about the demand for ADAS sensors:
- Government regulations: Governments around the world are implementing regulations that mandate the use of ADAS features, such as automatic emergency braking and lane departure warning systems, in vehicles. This is driving the demand for ADAS sensors that are necessary for these systems to function.
- Safety concerns: Increasing safety concerns among consumers are driving demand for ADAS sensors. As people become more aware of the risks associated with driving, they are more likely to demand vehicles with advanced safety features that can help prevent accidents.
- Autonomous driving: The rise of autonomous driving technology is also driving demand for ADAS sensors. These sensors are essential for autonomous vehicles to navigate roads safely and effectively.
- Advances in sensor technology: Advances in sensor technology are making it possible to develop smaller, more powerful sensors that can be integrated into vehicles more easily. This is making it easier and more cost-effective for automakers to incorporate ADAS features into their vehicles.
Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-11865
FMI’s analysis suggests that tier 2 players in the ADAS sensors market landscape will benefit greatly by scaling up sensor architecture and embracing technology in analytics, UI and UX.
Greater emphasis on partnerships between OEMs and ADAS systems suppliers will be witnessed in the new-found ecosystem.
Key Takeaways of ADAS Sensors Market Study
- High repurchase rate of ADAS sensor equipped passenger vehicles will boost market prospects
- Market will see steady revenue streams from OEMs and their suppliers which will remain primal sales channels through 2030
- Park assist sensors are set to generate steady revenue streams followed by emergency braking, collision warning and cruise control
“The market will witness soaring sales with effective collaboration between semi-conductor companies and OEMs with best opportunities prevailing in new processor technology and advancements in optical semi-conductors” – says FMI analyst
Get Your Report Customize, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-11865
ADAS Sensors Market: Segmentation
By Product Type
- Blind Spot Detection
- Night Vision Sensors
- Light Sensors
- Parking Sensors
- Cruise Control
By Vehicle Type
- Passenger Cars
- Compact
- Midsize
- Luxury
- SUVs
- Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Original Equipment Manufacturer (OEM)
- Original Equipment Spares (OES)
- Independent Aftermarket (IAM)
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa
Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/11865
Photonic Technologies in LIDAR to Herald a New Era in Autonomous Mobility
Within the fleet and commercial vehicle space there has been proliferation of new technologies. Besides conventional radar and LIDAR sensors, advanced photonic technologies have become the primary enablers in order to achieve very high levels of autonomous control.
MEMS mirrors, and photodetectors and silicon photomultipliers and new photodiodes are novel innovations in the LIDAR system designs helping to better perceive and understand the environment.
These accurate and affordable new designs are augmenting conventional radars and LIDAR for more comprehensive 3D detection.
Find More Valuable Insights on ADAS Sensors Market:
FMI in its new market research study, offers an unbiased analysis of the ADAS sensors market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global ADAS sensors market through four different categories – By Product Type, By Vehicle Type, By Sales Channel and region. The global ADAS sensors market study provides information of pricing by different life cycle analysis, product life cycle, key market trends and technologies which are being implemented in the production of the ADAS sensors market and product adoption in various end use industries.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
