Sensor Landscape In Robotics And ADAS Vehicles Market 2020-2025 | By Top Key Companies Infineon Technologies AG, Continental AG, Texas Instrument Incorporated

The Global Sensor Landscape In Robotics And ADAS Vehicles Market Research Report Forecast 2020 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The report also takes into account the impact of the novel COVID-19 pandemic on the Sensor Landscape In Robotics And ADAS Vehicles market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The sensor landscape in robotic and ADAS vehicles is expected to reach a CAGR of 28.7% during the forecast period (2020 - 2025). An increasing adoption rate of ADAS and AD will be responsible for an overall expected growth rate of 8 percent in automotive sensors. The global market for advanced driver assistance systems, known in the industry as ADAS, is expected to reach more than $67 billion by 2025, growing more than 10 percent each year.

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Top Key Players in the Global Sensor Landscape In Robotics And ADAS Vehicles Market: Infineon Technologies AG, Continental AG, Texas Instrument Incorporated, etc.

- In January 2020, Continental AG announced the construction of a new plant in the city of New Braunfels in the U.S state of Texas. The new building will help it expand its capacity for the production of radar sensors for Advanced Driver Assistance Systems (ADAS). The company plans to invest about 100 million in the plant over the next three years.
- In October 2019, Infineon Technologies AG added a new member to its automotive microcontroller family AURIX. TC3A may address new automotive 77 GHz radar applications, such as high-end corner radar systems for advanced driver assistance systems and automated driving.

Key Market Trends

Radar Sensor is Expected to Drive the Market Growth

- The automotive industry, which is presently undergoing a technology transition focusing on increasing safety, comfort, and entertainment, provides ample opportunities for the application of radar sensors. Emerging sensor-rich applications, such as drones, autonomous vehicles, and ADAS applications, are further accelerating the need for radar sensors.
- In November 2020, GroundProbe has extended its comprehensive Slope Stability Radar (SSR) product offering with the release of the SSR-Agilis. The SSR-Agilis is a 3D Real Aperture Radar that provides unique measurements that are less susceptible to contamination, crucial for safety-critical monitoring in high traffic work areas.
- With the advent of autonomous/self-driving cars, increasing the adoption of radar sensors can be witnessed. Over the forecast period, innovations are expected to drive the demand for radar sensors in the automotive industry.
- For instance, In March 2019, the European Commission announced a revision of the General Safety Regulations to make autonomous safety technologies a mandatory requirement for vehicles manufactured in Europe, in a bid to bring down accident levels in the region. Stringent regulations are pushing the automotive vendors to implement the latest radar sensor-based systems. This is creating an opportunity for the market.?
- However, radar sensors have high initial costs with diversified functionality, and the cost varies based on the type, range, and technology being deployed for different sensors. Ultimately, the exact price of any radar sensor is unique. The cost for the radar sensor is dependent on a variety of factors, such as the type of sensor used, the range to which the sensor is adapted, and the applications supported by the sensor, which will be bundled into the total cost.

North America is Expected to Hold Major Share

- The North America region is one of the pioneers in adopting ADAS-enabled vehicles and self-driven transportation solutions. According to the Deutsche Bank, the US ADAS unit production volume is expected to reach 18.45 million by 2021.
- Owing to the better performance, prominent companies, like Google, Uber, and Toyota, are using LiDAR. At the same time, the relatively lower cost has persuaded Tesla to use radar sensors as the primary sensors in its self-driving cars. The companies are continuously trying to incorporate multiple alternative sensing technologies in a vehicle to enhance the effectiveness of the system.
- Prominent automakers (over 13 major auto manufacturers), and vendors offering radar sensors (Bosch, Lockheed Martin, among others) in the region are expected to emerge as a source for innovation and is estimated to hold a significant position in the market. According to the American Automotive Policy Council, over the past five years, the exports from the automotive sector were valued at USD 692 billion, and the automotive industry alone contributes to 3% of the region's GDP, which effectively contributes to the growth of the market studied.
- However, due to the trade war among the USA and China, the US government is planning to increase tariffs up to 25% on vehicles and car parts imported from China. China is the second biggest exporter of components to the United States, after Mexico. The United States is one of the largest auto markets in the world, and such tariffs will likely affect the automotive sector. As per the World Trade Organization, the conflict between these countries will directly affect 3% of the global trade and 8% of the automotive industry. Such situations are expected to have an impact on the sensor landscape in robotic and ADAS vehicles in the region. 

Regional Analysis for Market:

For a comprehensive understanding of market dynamics, the global Sensor Landscape In Robotics And ADAS Vehicles market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.

This Sensor Landscape In Robotics And ADAS Vehicles Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Sensor Landscape In Robotics And ADAS Vehicles Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Sensor Landscape In Robotics And ADAS Vehicles Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate, and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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