1. HOME
2. Research Insight
3. Sensor Market for Automated Vehicles Size & Share - Future Growth Expectations

The global Sensor Market for automated vehicles is projected to grow from USD 0.4 billion in 2022 to USD 19.1 billion by 2030, registering a CAGR of 62.6%. Many component providers have set up their R&D infrastructure across the world to provide automated driving technologies and solutions such as ADAS, sensors and sensor platforms, among others to OEMs and component manufacturers. Factors like rising demand for safer vehicles and strong government support have led to an increased demand of autonomous vehicles. Europe is expected to be impacted by ongoing geo-political problems in the region along with the upcoming recession. This will lead to a change in R&D investment plans of OEMs and component providers.

The Sensor Market for Automated Vehicles is poised for substantial growth in the coming years, driven by several key factors:

• Increasing Adoption of Automated Driving Technologies
• Regulatory Push for Vehicle Safety
• Advancements in Sensor Technologies
• Growing Demand for Perception and Situational Awareness
• Rise in Connectivity and Data-driven Solutions
• Emergence of Smart Cities and Mobility Services
• Focus on User Experience and Comfort
• Partnerships and Collaborations

These key factors collectively indicate a positive outlook for the Sensor Market for Automated Vehicles, with substantial growth opportunities anticipated in the coming years as the automotive industry continues to evolve towards autonomous and connected mobility solutions.

To know about the assumptions considered for the study download the pdf brochure

• Increasing Adoption of Automated Driving Technologies: The rapid advancement of automated driving technologies, including advanced driver-assistance systems (ADAS) and autonomous vehicles (AVs), is fueling the demand for sensors. As more vehicles incorporate these technologies to improve safety, convenience, and efficiency, the need for sophisticated sensor systems capable of perceiving and interpreting the vehicle's surroundings accurately becomes paramount.
   
• Regulatory Push for Vehicle Safety: Governments and regulatory bodies worldwide are pushing for stricter vehicle safety standards, which are driving the adoption of sensor-based safety systems in vehicles. Regulations mandating the inclusion of features such as automatic emergency braking (AEB), lane-keeping assistance, and pedestrian detection are propelling the demand for sensors that enable these functionalities.
   
• Advancements in Sensor Technologies: The ongoing advancements in sensor technologies, including LiDAR, radar, cameras, ultrasonic sensors, and inertial measurement units (IMUs), are expanding the capabilities of automated driving systems. Innovations such as higher resolution, longer detection ranges, improved accuracy, and reduced sensor costs are making sensor-based solutions more attractive and accessible to automotive manufacturers.
   
• Growing Demand for Perception and Situational Awareness: Perception and situational awareness are critical aspects of automated driving systems, requiring sensors to accurately detect, track, and classify objects and obstacles in the vehicle's environment. The increasing complexity of urban and highway driving scenarios necessitates robust sensor solutions capable of providing reliable and real-time data to autonomous vehicles.
   
• Rise in Connectivity and Data-driven Solutions: The integration of connectivity and data-driven solutions in vehicles is driving the demand for sensors that can collect, process, and transmit large volumes of data. Sensors play a crucial role in enabling vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, as well as facilitating data exchange with cloud-based platforms for enhanced navigation, traffic management, and predictive maintenance.
   
• Emergence of Smart Cities and Mobility Services: The proliferation of smart city initiatives and the rise of mobility services such as ride-hailing, car-sharing, and autonomous shuttles are creating new opportunities for sensor technology in the automotive industry. Sensors are integral to the development of intelligent transportation systems (ITS) that enable efficient traffic management, optimized routing, and seamless integration of various transportation modes within urban environments.
   
• Focus on User Experience and Comfort: In addition to safety and functionality, there is a growing emphasis on enhancing the user experience and comfort in automated vehicles. Sensors are being used to monitor driver and passenger behavior, preferences, and biometric data to personalize in-vehicle services, adjust climate control settings, and optimize seating arrangements for comfort and convenience.
   
• Partnerships and Collaborations: Automotive manufacturers, technology companies, and sensor suppliers are increasingly forming partnerships and collaborations to accelerate the development and deployment of sensor-based solutions for automated vehicles. Collaborative efforts enable the pooling of resources, expertise, and intellectual property to address the technical, regulatory, and market challenges associated with automated driving technologies.

Sensor Market for Autonomous Vehicles Share - Global Industry Landscape

• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• ZF Friedrichshafen AG (Germany)
• DENSO (Japan)
• NXP Semiconductors (Netherlands)

These companies are among the key players in the Sensor Market for Autonomous Vehicles, leveraging their expertise in sensor technology, automotive systems, and software development to address the growing demand for sensors in autonomous driving applications. While specific market share figures may vary based on factors such as geographic region and product portfolio, these companies are at the forefront of innovation and development in the autonomous vehicle sensor market.

• Robert Bosch GmbH (Germany): Bosch is a major player in the automotive industry, offering a wide range of sensors for autonomous vehicles, including radar, LiDAR, cameras, ultrasonic sensors, and inertial measurement units (IMUs). Bosch's sensor technologies are integral components of advanced driver-assistance systems (ADAS) and autonomous driving solutions.
   
• Continental AG (Germany): Continental is a leading automotive supplier that provides various sensors and sensor systems for autonomous vehicles. The company offers radar, LiDAR, camera, and ultrasonic sensors, as well as sensor fusion algorithms and software solutions for perception and environmental modeling in autonomous driving applications.
   
• ZF Friedrichshafen AG (Germany): ZF is a global technology company specializing in driveline and chassis technology, as well as active and passive safety technology. The company offers a range of sensors for autonomous vehicles, including radar, LiDAR, cameras, and ultrasonic sensors, as well as sensor fusion and processing capabilities for autonomous driving systems.
   
• DENSO (Japan): DENSO is a leading supplier of automotive components and systems, including sensors for autonomous vehicles. The company provides radar, LiDAR, camera, and ultrasonic sensors, as well as sensor fusion and perception algorithms for advanced driver-assistance systems (ADAS) and autonomous driving applications.
   
• NXP Semiconductors (Netherlands): NXP Semiconductors is a semiconductor manufacturer that produces a variety of sensor solutions for automotive applications. The company offers radar, LiDAR, camera, and ultrasonic sensors, as well as sensor fusion and processing technologies for autonomous vehicles.

Related Report

Sensor Market for Automated Vehicles by Component (Hardware, Software), Offering, Software, Level of Autonomy (L2+, L3, L4), Propulsion (ICE, Electric), Vehicle Type, Sensor Platform Approach, Sensor Fusion Process and Region - Global Forecast to 2030