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Global Automotive ADAS Sensors Market to Post a CAGR of 21% During 2018-2022 | Technavio

May 6, 2018
Technavio has published a new market research report on the global automotive ADAS sensors market from 2018-2022. (Graphic: Business Wire)
Technavio has published a new market research report on the global automotive ADAS sensors market from 2018-2022. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--May 6, 2018-- market research analysts forecast the to post an impressive CAGR of 21% during the forecast period. The increased installation of convenience and safety-related functionalities in automobiles will lead to the growth of the market. The growing popularity of CMOS image sensors in camera-based ADAS is a key trend, which is expected to impact the growth of the market.

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Technavio has published a new market research report on the global automotive ADAS sensors market from 2018-2022. (Graphic: Business Wire)

This report is available at a USD 1,000 discount for a limited time only:

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In this report, Technavio analysts highlight the progression towards autonomous vehicles as a key factor contributing to the growth of the global automotive ADAS sensors market:

Progression towards autonomous vehicles

ADAS sensors are increasingly being incorporated in vehicles, with the major OEMs and tier-1 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 high costs involved in incorporating such components in a vehicle.

According to a senior analyst at Technavio for research , “Level-3 automation will relegate all control to the vehicle. The vehicle will control all safety functions but will require the driver’s attention. However, the system will permit comfortable relaxing time for the driver to act. The progressive development towards such advanced functionalities will lead to the use of advanced image, infrared, ultrasonic, radar, and LiDAR sensors during the forecast period.”

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The Americas and EMEA lead the global automotive ADAS sensors market

This market research report segments the by product (radar sensors, image sensors, ultrasonic sensors, infrared sensors, and LiDAR sensors), and key regions (the Americas, APAC, and EMEA).

The Americas was the leading region for the global automotive ADAS sensors market in 2017, accounting for a market share of 41%, very closely followed by EMEA. Although APAC held the smallest market share of the market, it is expected to witness the maximum growth in its market share over the forecast period.

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180506005044/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ENGINEERING AUTOMOTIVE AFTERMARKET

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 05/06/2018 12:48 PM/DISC: 05/06/2018 12:48 PM

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