Lucintel Forecasts ADAS Sensor Market to Grow to a CAGR of 12% to 14% from 2020 to 2025

According to the recent study the ADAS Sensor Market is projected to grow to a CAGR of 12% to 14% from 2020 to 2025. Growth in this market is primarily driven by  increasing penetration of advanced driver assistant system (ADAS) in the automotive industry and progression towards autonomous vehicles.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in ADAS sensor market by sensor type (temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor, and others), by sensor type (ACC, AHL, AEB, BSD, CTA, DMS, LDS, Night Vision, PA, SVC, TPMS, and others), vehicle type (passenger cars, and commercial vehicles) and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/adas-sensor-market.aspx

“Radar sensor market is expected to remain the largest segment during the forecast period.”

Based on sensor type, the ADAS sensor market is segmented into temperature sensor, radar sensor, LiDAR sensor, infrared sensor, laser sensor, ultrasonic sensor, pressure sensor, and others. Lucintel forecasts that the radar sensor market is expected to remain the largest segment due to the increasing safety, comfort, and entertainment, which provides ample opportunities for the application of radar sensor.

“Within the ADAS sensor market, the adaptive cruise control segment is expected to remain the largest end use industry.”

Based on end use industry, the adaptive cruise control segment is expected to witness the highest growth over the forecast period due to rising awareness of driving safety and initiatives and regulations defined by road safety authorities.

“North America will dominate the ADAS sensor market in near future.”

North America will remain the largest region, and it is expected to witness the highest growth over the forecast period because OEMs are focusing on autonomous vehicles.

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Major players of ADAS sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aisin Seiki Co., Autoliv AB, Robert Bosch GmbH, Continental AG, Delphi Automotive, Denso Corporation, Gentex Corporation, Harman International, Hella KGaA, Magna International, NXP Semiconductors, Panasonic Corporation, Texas Instruments Inc., Valeo S.A C. are among the major ADAS sensor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/adas-sensor-market.aspx   or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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