Sensor Landscape in Robotics and ADAS Vehicles Market Is Expected to Grow at a CAGR of 28.7% by 2025

Global “Sensor Landscape in Robotics and ADAS Vehicles Market” 2021 Research report produces information with reference to market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also contains the general and comprehensive study of the Sensor Landscape in Robotics and ADAS Vehicles market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Sensor Landscape in Robotics and ADAS Vehicles industry and provides data for building strategies to expand the market growth and effectiveness.

The sensor landscape in robotic and ADAS vehicles is expected to reach a CAGR of 28.7% during the forecast period (2020 - 2025).

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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

Industry News and Update:

- 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.

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Important Features that are under offering and key highlights of the report:
– Detailed overview of the Sensor Landscape in Robotics and ADAS Vehicles market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Sensor Landscape in Robotics and ADAS Vehicles market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Sensor Landscape in Robotics and ADAS Vehicles market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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