Jul 21, 2023   SOURCE: BusinessWire

Global ADAS & Autonomous Sensor Maintenance Equipment Markets, Forecast to 2032: Growing Demand for Autonomous Driving - ResearchAndMarkets.com

The "ADAS and Autonomous Sensor Maintenance Equipment Markets, 2022-2032" report has been added to ResearchAndMarkets.com's offering.

The global ADAS and autonomous sensor maintenance equipment market was valued at $2.7 million in 2022, and it is expected to grow at a CAGR of 49.68% and reach $152.66 million by 2032. The growth in the global ADAS and autonomous sensor maintenance equipment market is expected to be driven by growing demand for autonomous driving and increasing focus on vehicle safety for semi-autonomous and autonomous vehicles.

Growing Demand for Autonomous Driving

With the growing adoption of autonomous vehicles, the demand for sensor maintenance equipment is also expected to grow proportionally. For ADAS and autonomous driving applications, three types of sensors are primarily used, namely camera, radar, and LiDAR.

At present, most of the level 1 and level 2 vehicles on the road are equipped with cameras and radar systems. These vehicle sensors offer features, such as lane keeping assist, traffic jam assist, and adaptive cruise control, which are increasingly being desired by the end users or customers of automotive OEMs. For the sensors to perform properly, sensor contaminants need to be removed or cleaned off from the surface of the sensors. Thus, it can be said that the growing demand for autonomous driving is driving the growth of the global ADAS and autonomous sensor maintenance equipment market.

Increasing Focus on Technological Advancements in Sensor Maintenance Equipment

The global ADAS and autonomous sensor maintenance equipment market is being primarily shaped by technological advancements in sensor cleaning systems in line with vehicles with higher levels of vehicle automation. With automotive OEMs equipping their vehicle offerings with more sensors than ever, the need for technologically advanced sub-systems for keeping these sensors clear of contaminants or obstructions is also on the rise. Industry experts expect the rollout of autonomous vehicles with level 4 and level 5 autonomy within this decade (2020-2030).

At present, sensor maintenance equipment or solution providers are working on bolstering their technological capabilities and collaborating with other stakeholders to develop products for the current and future needs of the global ADAS and autonomous sensor maintenance equipment market.

Market Segmentation

Segmentation 1: by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles
  • Robotaxis

Passenger Vehicles to Dominate the Global ADAS and Autonomous Sensor Maintenance Equipment Market.

Segmentation 2: by Propulsion Type

  • Electric Vehicle (EV)
  • Internal Combustion Engine (ICE) Vehicle

Electric Vehicle to Lead the Global ADAS and Autonomous Sensor Maintenance Equipment Market.

Segmentation 3: by Level of Autonomy

  • Level 1
  • Level 2
  • Level 3
  • Level 4
  • Level 5

Level 3 to be Dominant in the Global ADAS and Autonomous Sensor Maintenance Equipment Market.

Segmentation 4: by Product Type

  • Fluids
  • Fluids and Wiper Blade
  • Fluids and Air Jet
  • Others

Fluids and Air Jet to Have the Largest Share in the Global ADAS and Autonomous Sensor Maintenance Equipment Market.

Segmentation 5: by Region

  • North America: U.S., Canada, and Mexico
  • Europe: Germany, Spain, France, Italy, and Rest-of-Europe
  • U.K.
  • China
  • Asia-Pacific and Japan: Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan
  • Rest-of-the-World

In terms of revenue generation, the North American market is one of the key regions in the global ADAS and autonomous sensor maintenance equipment market.

Recent Developments

  • In March 2023, Kautex Textron GmbH & Co. KG announced the opening of its new plant in Tianjin (China). This is the company's seventh plant in China. The company aims to manufacture clear vision systems and fuel systems at this plant while continuing to expand its growth in the country.
  • In January 2023, Cebi Group launched the latest generation sensor cleaning system for new mobility applications. The product has the capacity to hold a liquid volume of up to 12 liters with multi-level liquid sensing capacity. This is a patented acoustic decoupling system with the elimination of structural noise transfer to the vehicle body.
  • In December 2022, Actasys Inc entered into a collaborative agreement with Wideye, a subsidiary of AGC Group specializing in sensor glass solutions, to pursue together their customers in the automotive industry and offer sensor cleaning solutions for ADAS and autonomous vehicle applications.
  • In August 2022, Actasys Inc announced that it had signed a memorandum of understanding (MoU) with Webasto SE, a German company specializing in roof systems. Under this agreement, the roof sensor module (RSM) of Webasto SE would be integrated with the sensor cleaning systems of Actasys Inc to ensure the functionality of the RSM under harsh environmental and weather conditions.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Of the top players profiled in the report, the private companies operating in the global ADAS and autonomous sensor maintenance equipment market accounted for around 67% of the market share in 2021, while the public companies operating in the market captured around 33% of the market share.

Key Companies Profiled

Private Companies

  • Actasys Inc
  • ARaymond
  • Exotic Automation & Supply
  • Ficosa Internacional SA
  • Waymo LLC
  • Rochling SE & Co. KG
  • MS Foster & Associates, Inc.
  • Motion Controls international
  • Mingshang Technology Co. Ltd.
  • Kautex Textron GmbH & Co. KG
  • dlhBOWLES
  • Helbako GmbH
  • PASS GmbH & Co. KG
  • Cebi Group

Public Companies

  • Continental AG
  • Valeo
  • Kendrion N.V.
  • Ford Motor Company

Key Topics Covered

1. Markets

2. Application

3. Products

4. Regions

5. Markets - Competitive Benchmarking & Company Profiles

6. Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/9twzyn

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.