Autonomous Vehicle Sensors Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Category : Automotive, Transportation and Logistics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC644

Introduction

There are precisely three main sensors (LIDAR, RADAR, & Ultrasonic Detectors) that make up for this market gigantically. These sensors technically offer better driver assistance, slash the number of road accidents, and also provide partial, conditional, and high automation. The image sensors also work on 360 degrees to adhere to safety and security laws. The present state of technology certainly has better cost-optimized solutions to add to this market. By default, global autonomous vehicle sensors market is predicted to gradually rise exponentially by 2023.

Market Dynamics

The international and national picture of autonomous vehicle sensors is expansive and limitless. The opportunities are galore in this market. To cite a few; there has been a rising need to reduce road accidents and fatalities; the new price wars have brought about new research & development efforts. As a result, affordable and highly advanced autonomous vehicle sensors are around the corner. In fact, there has been a big support for the growth of autonomous vehicle sensors from auto sector as well. Globally, there is a surge in demand for autonomous vehicle sensors as it makes reaching destinations hands-free i.e. a driverless technology. However, there are a few challenges that plague this market such as; high vehicle maintenance and infrastructure costs, system malfunction, traffic-rules and unknown destinations. Nonetheless, such restraints can always be met with cautious optimism and innovative marketing strategies.

Market Classification and Overview

The autonomous vehicle sensors market is subjected to product type, application, end-use industry, and geography. The various types of products are LIDAR, RADAR, ultrasonic detectors and image censors. Besides, there are different levels of autonomous driving from level 1 to level 5. Generally speaking, the world is at conditional automation i.e. level 3. It means the driver can intervene the autonomous functioning when he feels his safety is at peril. Hence, level 4 stands for high automation (no monitoring is required by the driver) and the car cruises nicely to its destination. At present, LIDAR is very expensive and requires high maintenance compared to RADAR sensors. On contrary, image censors in combination with radar censors provide for the perfect evaluation of distance and speed and identifying unwanted objects on the track. Based on application,the market is further diversified into sports, individuals, taxis, and others. High-end individuals and sports players constitute a mega chunk of this new market. The new rage is the taxis like Uber that are set to get driver-less in next couple of years. The reason behind driver-less cars is very apt and that is to reduce the number of road accidents and provide a better care for human life.

Regional Overview

The market for autonomous vehicle sensors is split into regions just as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa (MEA). North America has stood the tallest as a revenue-grosser region in the autonomous vehicle sensors market in 2016 and will continue to top the chart in this market in the coming years ahead. Moving along, Europe (Germany, UK, Netherlands, France, and more) was the next in position followed by Middle East and Africa. The market for autonomous vehicle sensors in Asia-Pacific is expected to boom at a phenomenal rate because of the sea change in urban lifestyles and demand for luxurious driving. Southeast nations and countries like Japan, Korea, China, India and others are set to break records in the possession of autonomous vehicle sensors. These positive results will pave the way for this market to another level.

Report Coverage

Market

Autonomous Vehicle SensorsMarket

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Type, Application, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

The major players are NXP Semiconductors, Fujitsu, Delphi Automotive, Asahi Kasei, Tele Tracking Technologies, Trilumina, Continental Ag, Brigade Electronics, Valeo, and Teledyne Optech among others. These superb players have had it all by getting into the race of driver-less cars much before their competitors apart from adapting to the changes in technological advancements.

Market Segmentation

Market By Product Type

  • LIDAR
  • RADAR
  • Ultrasonic Detectors
  • Image Censors

Market By Application

  • Sports Cars
  • Taxis
  • Individuals
  • Others

Market By End-Use Industry

  • E-Commerce
  • Automotive
  • Travels & Tours
  • Multinationals
  • Marine and Aerospace

Market By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA


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