Yole, a leading market research and analysis company, expects the global market for radars, cameras, LiDARs and computing ADAS to reach US $8.7 billion in 2020. Almost half of this market revenue will be generated by radars (US $3.8 billion), followed by cameras (US $3.5 billion). This year, LiDARs will not be significant, accounting for only US $0.04 billion and computing ADAS will generate US $1.4 billion.
Yole has released the Sensing and Computing for ADAS vehicle 2020 report. In this new report, Yole’s experts have been investigating the industry in order to describe and provide market data on key sensors: Camera, LiDAR and Radar, including revenue forecast and volume shipments for each sensor type, market shares, with detailed breakdown by player and application focus of each sensor. This report points out an in-depth understanding of the main sensors value chains, infrastructure and players. It also presents key technical insights and analysis regarding future technology trends and challenges, and offers a deep understanding of how these sensors work together in a car.
The production of vehicles will be heavily impacted by the coronavirus crisis. It is expected that three years will be needed to recover and get back to the same level of output. The automotive industry has seen the impact of the coronavirus crisis evolve from a supply shock to a global demand shock. The production of new cars is expected to decline by 30% compared to the 2019 production level. The direction of the automotive industry towards the four major mega-trends of Connected, Autonomous, Shared and Electric Driving is expected to remain unchanged going forward. However, the speed of adoption might change due to the emergency. Electrification will be the main focus for OEMs as restrictions and associated penalties on CO2 emissions should remain valid.
The second target for OEMs will be related to the development of ADAS for safety and automated driving features. The development of AEB is a great step to avoid forward collisions but still needs to be perfected, as demonstrated by the AAA in October 2019. Automated driving features in traffic jams or on the highway will also be developed by OEMs as consumers are looking for these to ease driving. The development of such features will be a way for OEMs to differentiate themselves. To do so, the addition of more sensors, more computing power and a new E/E architecture will be required.
According to Cédric Malaquin, Technology & Market Analyst, RF Devices & Technology from Yole: Audi and Tesla, have both initiated this trend of using a combination of radars, cameras and LiDAR. To fuse the data generated, Audi and Aptiv developed a domain controller, the zFAS, for front sensors. Tesla goes one step further in the development of domain controllers with its Autopilot hardware. Autopilot is much more complex and has more functionality, with the ability to perform frequent OTA software updates.
In an interview, Romain Fraux, CEO of System Plus Consulting stated that the challenge for automotive manufacturers will no longer be offering the most speed, or the best acceleration from zero to 100 km/h, but to ensure increasingly advanced autonomous driving and assistance systems. This is the goal of the Audi A8, to continue improving level 2 driver assistance systems, using LiDAR technology. Click here to read the article.
With high penetration rates of radars and cameras in cars, the associated market revenues will recover rapidly from the coronavirus crisis. The Radar market revenue is expected to surpass 2019’s revenue in 2021 and will reach US $9.1 billion in 2025 at a CAGR of 19%. The Camera market revenue will also surpass 2019’s revenue in 2021 and will reach US $8.1 billion in 2025 at a CAGR of 18%. Market revenue from computing ADAS is expected to reach US $3.6 billion in 2025 at a CAGR of 21%.
With high penetration rates of radars and cameras in cars, the associated market revenues will recover rapidly from the coronavirus crisis. Radar market revenue is expected to surpass 2019’s revenue in 2021 and will reach US$9.1 billion in 2025 at a CAGR of 19%. Camera market revenue will also surpass 2019’s revenue in 2021 and will reach US$8.1 billion in 2025 at a CAGR of 18%. Market revenue from computing ADAS is expected to reach US$3.6 billion in 2025 at a CAGR of 21%.
ADAS and the automotive industry will see lot of changes in the coming months and years. Pushed by innovations and the integration of new functions, the market will open the door to attractive opportunities and new players.
Click here to read/download the report.
