The global market for autonomous vehicle sensors is expected to expand by 45.3 million units over the next five years, according to new research from analyst firm Technavio.
The prediction is no surprise and may even prove to be a conservative estimate. Most long-established automotive companies such as GM, Ford, Toyota, Renault, BMW, Volvo, Scania, and Jaguar LandRover are working on either autonomous vehicles or driver assistance technologies.
More recent market entrants such as Uber, Waymo (Alphabet), Tesla, Apple, and others, are also pushing into the driverless space, alongside hardware and software partners, such as Bosch. The market for connected and/or smart vehicles is rising too, as road transport becomes more data- and digital technology driven in order to minimise environmental damage and create safer and more sustainable urban transportation.
The report segments the autonomous vehicle sensors market by product type (such as radar, image, LiDAR, and other sensors), and geographic region (APAC, Europe, MEA, North America, and South America).
Advanced Driver Assistance Systems (ADAS) and the growing popularity of CMOS (complementary metal oxide semiconductor) image sensors within them will contribute to the predicted growth over the forecast period.
Original equipment manufacturers have begun to shift their focus toward CMOS sensors in camera modules. These typically comprise noise-correction technologies, charge-to-voltage conversion systems, digitised circuits, and amplifiers.
Such sensors help generate blur-free images in rear-view systems and are increasingly being used in lane assistance, blind spot detection, forward collision prevention, and pedestrian detection and protection systems. The increased focus on consumer safety is helping to create strong demand.
North America led the autonomous vehicle sensors market in 2019, followed by Europe, APAC, South America, and MEA. Over the next five years, North America is expected to continue registering the highest incremental growth.
- Meanwhile, a separate report published by Reportlinker.com on the automotive parking sensors market predicts that it will experience a compound annual growth rate (CAGR) of 27 percent over the next five years.
The need to decrease risk from vehicles to children and other pedestrians is a key factor driving this growth.
Vendors mentioned in that report include: Analog Devices.; Aptiv; Continental; CTS; DENSO; Murata Manufacturing; NXP Semiconductors; Bosch;, Sensata Technologies; and Valeo.
British AI and autonomous driving tech company Wayve has claimed that its algorithm is learning to drive like a human being – using just cameras and a satnav, rather than an onboard sensor suite and hand-coded rules.