Autonomous Vehicle Sensors Market to Reach 45.3 mn units by 2024, Aptiv PLC, Asahi Kasei Corp., and Valeo, Emerge as Key Contributors to Growth | Technavio

Technavio has been monitoring the autonomous vehicle sensors market and it is poised to grow by 45.3 mn units during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Autonomous Vehicle Sensors Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions:

• What are the major trends in the market?
  
  Use of LiDAR sensors in road asset management is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  
  The year-over-year growth for 2020 is estimated at 24.36% and the incremental growth of the market is anticipated to be 45.3 mn units.
• Who are the top players in the market?
  
  Aptiv PLC, Asahi Kasei Corp., Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Siemens AG, and Valeo, are some of the major market participants.
• What are the key market drivers and challenges?
  
  The increased need to reduce road accidents is one of the major factors driving the market
• How big is the North America market?
  
  The North America region will contribute 42% of the market share 

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Aptiv PLC, Asahi Kasei Corp., Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Siemens AG, and Valeo are some of the major market participants. The increased need to reduce road accidents will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Autonomous Vehicle Sensors Market 2020-2024: Segmentation

Autonomous Vehicle Sensors Market is segmented as below:

• Product
  • Radar Sensors
  • Image Sensors
  • LiDAR Sensors
  • Other Sensors
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Autonomous Vehicle Sensors Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The autonomous vehicle sensors market report covers the following areas:

• Autonomous Vehicle Sensors Market Size
• Autonomous Vehicle Sensors Market Trends
• Autonomous Vehicle Sensors Market Industry Analysis

This study identifies use of LiDAR sensors in road asset management as one of the prime reasons driving the autonomous vehicle sensors market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Autonomous Vehicle Sensors Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist autonomous vehicle sensors market growth during the next five years
• Estimation of the autonomous vehicle sensors market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the autonomous vehicle sensors market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of autonomous vehicle sensors market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product by Volume

• Market segments
• Comparison by Product by volume placement
• Radar sensors - Market size and forecast 2019-2024
• Image sensors - Market size and forecast 2019-2024
• LiDAR sensors - Market size and forecast 2019-2024
• Other sensors - Market size and forecast 2019-2024
• Market opportunity by Product by volume

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aptiv PLC
• Asahi Kasei Corp.
• Continental AG
• DENSO Corp.
• HELLA GmbH & Co. KGaA
• Mitsubishi Electric Corp.
• NXP Semiconductors NV
• Robert Bosch GmbH
• Siemens AG
• Valeo

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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