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Global Automotive ADAS and Autonomous Driving Components Market 2019-2023| Growing Prominence of Lidar Sensors in ADAS and Autonomous Driving to Boost Growth | Technavio

January 8, 2019

LONDON--(BUSINESS WIRE)--Jan 8, 2019--The global automotive ADAS and autonomous driving components market is expected to post a CAGR of over 23% during the period 2019-2023, according to the latest market research report by .

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Technavio has published a new market research report on the global automotive ADAS and autonomous driving components market from 2019-2023.

A key factor driving the growth of the global automotive ADAS and autonomous driving components market is the stringent regulations to increase adoption of ADAS. With passenger safety becoming a prime concern for automotive manufacturers, the adoption of various active and passive automotive safety systems is increasing significantly. Safety agencies such as NCAP and country-specific government bodies as well as general awareness among consumers are playing a pivotal role in the increasing adoption of ADAS features across vehicle classes. The increasing demand for ADAS will boost the growth of the market during the forecast market.

As per Technavio, the growing prominence of Lidar sensors in ADAS and autonomous driving will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.

This report is available at a USD 1,000 discount for a limited time only:

Global automotive ADAS and autonomous driving components market: Growing prominence of Lidar sensors in ADAS and autonomous driving

Several proven beneficial outcomes of Lidar sensors over the other sensors available in the market, have made these sensors the preferred choice for automated driving systems. Lidar has better capabilities with respect to detection of objects and even in the complete absence of light. Therefore, vendors are working to develop Lidar sensors for specific applications of ADAS. The next generation Lidar sensor manufacturers are working on continuous wave frequency modulated (CWFM) technology for Lidar sensors, that is immune to background light, which make them supreme for automotive applications. Therefore, the growing prominence of lidar sensors will have a positive impact on the global market during the forecast period.

“Apart from the stringent regulations to increase the adoption of ADAS, factors such as the growing popularity of camera technology in ADAS and autonomous driving systems and the prioritization of automotive safety in automotive industry will fuel the growth of the global automotive ADAS and autonomous driving components market during the forecast period,” says a senior analyst at Technavio for research on automobiles & components.

Global automotive ADAS and autonomous driving components market: Segmentation analysis

This market research report segments the global automotive ADAS and autonomous driving components market by type (radar sensors, image sensors, ultrasonic sensors, infrared sensors, and others), and geographical regions (APAC, EMEA, and the Americas).

The EMEA region led the market in 2018, followed by the Americas and APAC respectively. EMEA will continue to dominate the market with the highest incremental growth during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 01/08/2019 09:20 AM/DISC: 01/08/2019 09:20 AM

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