Why are Autonomous Cars Integrated with ADAS Sensors?
The automotive industry has been registering considerable growth,
which can primarily be attributed to technological advancements. Owing to this,
the adoption of semi-autonomous vehicles has increases significantly as well.
Since these vehicles employ automatic features, their safety and security is of
the utmost priority. Governments of several countries have now mandated the integration
of enhanced security features in vehicles in order to improve the safety on
roads and provide the driver with better experience.
From $11.5 billion in 2019, the advanced driver assistance system
(ADAS) sensor market is predicted to grow to $40.8 billion in 2030, at an 11.7%
CAGR between 2020 and 2030 (forecast period). Amon all sensor types, radar
sensors dominated the market during 2014–2019, in value terms. During the
forecast period, the light detection and ranging (LiDAR) category would observe
the fastest progress, on account of the increasing sale of fully autonomous
vehicles.
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In
terms of application, the market is classified into night vision system,
intelligent part assist system, cross traffic alert system, driver monitoring
system, adaptive front light system, adaptive cruise control (ACC) system, lane
keeping assistance system, blind spot detection system, and automatic emergency
braking system. Out of these, the ACC application accounted for the major share
of the market in the past and is further predicted to dominate the market
during the forecast period as well. The adoption of these systems have
increased considerably due to the decreasing system prices.
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Europe
dominated the ADAS sensor market during the historical period,
according to a report by P&S Intelligence. A number of regulations have
been implemented in the region that are responsible for the expansion of the
autonomous car market in the region. Moreover, several initiatives are being
taken by key companies in the region, which is further leading to the growth of
the regional domain.
Hence,
the demand
for ADAS sensors is growing due to the rising adoption of level 1
autonomous cars and increasing adoption of LRR.
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