According to research, the autonomous vehicle sensors market is expected to grow at a market value of nearly $XX Billion by 2026, at approximately XX% CAGR.
Autonomous vehicle sensors are electronic devices that constantly monitor their surrounding areas and generate information. Sensors are the primary part of autonomous vehicles. As sensors play a vital role, without them it is not possible for a vehicle to navigate their spot dangers, environment, and safely drive along a road. There are numerous sensors present in an autonomous vehicle where they have their individual aspects of driving; they usually have three categories – Radio Detection And Ranging (RADAR), cameras, and Light Detection And Ranging (LiDAR) sensors. This vehicle uses Light Detection & Ranging (LiDAR), artificial intelligence (AI) software and RADAR sensing technology, which can monitor a 60-meter range around the car and it is also used to form a 3D map of the current environment. Additionally, sensors also help the vehicle to provide a suitable response as these responses can range from emergency stopping, accelerating/decelerating to turning and evasive maneuverers. Furthermore, at the same time, the response is determined by a central software component after that, those sensors provide the data for such actions to be taken. The autonomous vehicle is mainly designed to travel between destinations without operator as it is a well known self-driving vehicle.
The key factors fuelling growth in the global autonomous vehicle sensors market due to increasing government promotion through different source to adopt LiDAR sensors in vehicles and increasing technological advancements in autonomous vehicles. Furthermore, advanced technologies in sensors are the contributing factor to ensure the growth of autonomous vehicles market as it requires a large number of technologies and infrastructures to operate properly. However, factors restraining the growth of the global autonomous vehicle sensor market during the forecast period due to system malfunction and high vehicle and infrastructure cost.
The market research study on “Autonomous Vehicle Sensors Market (Product Type: LIDAR, RADAR, Ultrasonic Detectors, Image Censors; Application: Sports Cars, Taxis, Individuals, Others; End-Use Industry: E-Commerce, Automotive, Travels & Tours, Multinationals, Marine and Aerospace) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers a detailed insights on the global autonomous vehicle sensors market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global autonomous vehicle sensors market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global autonomous vehicle sensors market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The autonomous vehicle sensors market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa followed by major countries. Furthermore, in 2017 the largest market share in terms of revenue was accounted by North America region for the autonomous vehicle sensors market. Also, this region is anticipated to lead the market during forecast period due to high demand of autonomous vehicles in this region. In Asia Pacific is projected to be the fastest growing region for autonomous vehicle sensor market over coming period. The players profiled in the report NXP Semiconductors, Fujitsu, Delphi Automotive, Asahi Kasei Corporation, Tele Tracking Technologies, Trilumina, Continental AG, Brigade Electronics, Valeo, and Teledyne Optech among others.
The global autonomous vehicle sensors market is segmented as below:
Market By Product Type
Market By Application
Market By End-Use Industry
Market By Geography