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.
With the increasing number of accidents and the growing need for safer and more convenient vehicles, the challenge for automotive OEMs is to create vehicles that are safe, affordable, and meet regulatory requirements while also meeting customer demand for performance, fuel efficiency, and other features. Meeting these challenges requires a commitment to ongoing research and development, as well as collaboration with suppliers, government agencies, and other stakeholders in the automotive industry. Autonomous vehicles are equipped with features such as automatic emergency braking, forward collision warning, and blind spot detection for a safe driving experience.
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Robert Bosch GmbH (Bosch) is one of the key automotive suppliers globally and operates across four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Mobility Solutions segment has eight subdivisions: Powertrain Solutions, Chassis Systems Control, Electrical Drives, Car Multimedia, Automotive Electronics, Automotive Steering, Automotive Aftermarket, and Connected Mobility Solutions. Bosch has 440 subsidiaries and regional companies across 60 countries approximately. Bosch employs 76,100 researchers and developers worldwide. It provides sensors for automotive applications in powertrain & electrified mobility, automated mobility, personalized mobility, and connected mobility solutions through its Mobility Solutions segment. The company offers automotive sensors such as accelerometers, gyroscopes, magnetometers, 6-axis inertial measurement units, and 9-axis absolute orientation sensors.
Continental AG is a German automotive component manufacturing company. The company operates through five divisions: Tires, Vehicle Networking and Information, Autonomous Mobility and Safety, Powertrain Technologies, and ContiTech. The company manufactures sensors such as electronic-tire information systems (eTIS), chassis sensors, speed sensors, battery and current sensors, and ultrasonic parking sensors, among others, for vehicles. The Autonomous Mobility and Safety division develops, produces, and integrates active and passive safety technologies and sensors to control vehicle dynamics. The company will industrialize the LiDAR technology to meet the needs of the automotive industry, with production scheduled to begin at the end of 2024. As of December 2021, the company had 190,875 employees across 561 locations in production, R&D, and administration in 58 countries and markets, including 246 locations dedicated to production and 88 locations dedicated to R&D. The company has a presence in countries such as China, Germany, the UK, the US, and India.
ZF Friedrichshafen AG (ZF) was founded in 1915 and is headquartered in Wurttemberg, Germany. It is one of the leading automotive suppliers of drivelines, chassis, and active and passive safety technologies. The company operates its business through six divisions: Car Powertrain/Chassis Technology, Active/Passive Safety System, Commercial Vehicle Technology, Industrial Technology, E-Mobility, and Others. The Active/Passive Safety segment is involved in the development, production, and sale of sensor fusion components/software.
DENSO ADAS Engineering Services GmbH (DNAE) was established by DENSO to accelerate technical developments for the creation of advanced camera-based algorithms. Future mobility, especially autonomous driving, would require extremely sophisticated systems to sense the surroundings of the vehicle. Within the Global Safety Group of DENSO, DNAE collaborates on the development of new technology. DNAE's major objective is to improve the development of surround camera-based technologies for embedded systems in order to contribute to the autonomous driving field.
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
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