The automotive detection and ranging sensor market has undergone significant change in recent years, with automotive detection technology evolving from short range object detection to long range object detection. The rising wave of imaging, radar, lidar, and ultrasonic sensors is creating potential for new detection and ranging sensor applications, which is driving the demand for the automotive detection and ranging sensor market.
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In the automotive detection and ranging sensor market, various detection technologies, such as imaging, radar, LIDAR, and ultrasonic sensors, are used in blind spot detection, adaptive cruise control, parking assistance, and pedestrian detection systems. Growing electronics content per vehicle, increasing demand for autonomous vehicles, and high investment by automotive OEMs for passenger safety are creating new opportunities for various automotive detection and ranging sensor technologies.
Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide, has analyzed the technologies used in the automotive detection and ranging sensor market and has now published a comprehensive research report titled “Technology Trends in the Automotive Detection and Ranging Sensor Market 2019-2024”. This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the automotive detection and ranging sensor market.
Lucintel’s study has found that the total market size of automotive detection and ranging sensors market is expected to reach US $46.8 Billion by 2024 with a CAGR of 22.4% 2018 to 2024 . Imaging sensor technology is the largest segment of the automotive detection and ranging sensor market, and LIDAR technology is witnessing an above average growth.
Emerging technology trends, which have a direct impact on the dynamics of the industry, include development of long range radar with high frequency, development of Lidar with non-moving parts, and compact size ultrasonic sensors. Continental AG, Delphi Automotive, Denso Corporation, Robert Bosch, Magna International, Valeo, and ZF TRW Automotive are among the major technology providers in the automotive detection and ranging sensor market.
The Lucintel report serves as a catalyst for growth, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the automotive detection and ranging sensor market by application, technology, and region as follows:
By Technology Type [$M shipment analysis from 2013 to 2024]:
Imaging Sensors
By Type
Monocular Camera
Stereo Camera
Night Vision Camera
Radar
By Frequency
24 GHz
77 GHz
79 GHz
By Range
Short Range
Mid-Range
Long Range
Ultrasonic Sensors
By Type
Sonar
Object Detection
Lidar
By Type
Mechanical Lidar
Static and Flash Lidar
By Range
Short Range
Mid-Range
Long Range
By Application [$M shipment analysis from 2013 to 2024]:
Blind Spot Detection
Adaptive Cruise Control
Parking Assistance/Pedestrian Detection
Others Applications
Automated Braking System
Lane Change Assistance
Rear Collision Warning
Traffic Signal Assistance
By Region [$M shipment analysis from 2013 to 2024]:
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Asia Pacific
Japan
China
South Korea
India
The Rest of the World
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-detection-and-ranging-sensor-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com