The automotive detection and ranging sensor market is expected to reach $13.6 billion by 2024

   November 13, 2019
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 was $13.6 billion in 2018, and it is forecast to grow at 22% CAGR from 2019 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

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