The robotic vehicle sensor market was valued at US$104.307 million in 2018 and is poised to grow at a good rate during the forecast period. Robotic Vehicles are classified as remotely operated or autonomous. In general, these vehicles move by themselves with the help of sensors and computational resources onboard to guide their motion. Sensors for heading, braking, navigation, speed, and vision are deployed in an unmanned robotic vehicle to make it respond to the external stimuli. The demand for various sensors is stemming from the burgeoning incorporation of these in vehicles to make them autonomous. The growing utilization of various sensors such as radar, LiDAR, camera, and others in robotic vehicles is driving the robotic vehicle market growth.
Among them, LiDAR sensors, a laser form of radar, is strongly emerging as a powerful way for robot cars to navigate, thus is anticipated to grow at a good rate during the forecast period. The burgeoning demand for driverless vehicles is playing an important role in the increased utilization of sensors to make them autonomous. This coupled with the falling prices of various sensors is further enabling manufacturers to produce autonomous vehicles, thus augmenting the robotic vehicle sensor market growth. Therefore, the robotic vehicle sensor market is poised to grow at a good rate owing to key players partnering with each other to produce advanced sensors like LiDAR at low cost intending to start mass production of robotic vehicles in the upcoming years.
The Robotic Vehicle Sensor Market – Forecasts from 2019 to 2024 is an exhaustive study of this niche technology market that presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, level of automation, and geography.
The robotic vehicle sensor technology market has been segmented by type, level of automation, and geography. Based on type the market has been segmented into radar, LiDAR, camera, ultrasonic, and others. By the level of automation, the market has been classified into L1/L2, L3, and L4/L5.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into the Americas, Europe Middle East, and Africa (EMEA), and the Asia Pacific.
Major players in the robotic vehicle sensor market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the robotic vehicle sensor market.
By Level of Automation
Europe Middle East and Africa (EMEA)
Middle East and Africa