On account of an upsurge in the number of vehicle commuters and continuous technological advancements in the field of autonomous vehicles, the global autonomous vehicle sensor market is expected to register a CAGR of 47.40% over the forecast period of 2018-2026.
The global autonomous vehicle sensor market is segmented on the basis of component, application, and sensor type. The component segment of the market includes inductive, magnetic, capacitive, piezoelectric and optical components. The market finds its application in engine, chassis, fuel injection and emission, safety and control, powertrain, telematics, vehicle security and other applications. The sensor type segment includes digitally controlled brake, throttle, steering sensor; camera module sensor, global positioning system (GPS) receiver, light detection and ranging (LIDAR) sensors, inertial measurement unit (IMU) sensor, radio detection and ranging (RADAR) sensors, wheel encoder and ultrasonic sensors.
The regional segmentation of the market is done into Europe, Asia-Pacific, North America and rest of world. North America is expected to be a dominant market throughout the forecast period. Government support and considerable investments for research are propelling the market ahead. Also, the Asia Pacific autonomous vehicle sensor market is expected to register the highest CAGR over the forecast period. Major contribution is expected from countries like India, China, South Korea and Japan.
Continental Ag, Denso Corporation,First Sensor Ag, Delphi Automotive Plc (Aptive Plc), Velodyne Lidar, Robert Bosch Gmbh, Nxp Semiconductors, Quanergy Systems Inc, Texas Instruments Incorporated, Murata Manufacturing Co Ltd, Trilumina Corporation, Asahi Kasei Microdevices Corporation, Infineon Technologies, Brigade Electronics and Leddar Tech Inc are some of the key players in this market.