Perception Sensors Market Analysis

Type (RADAR, LIDAR, Camera, Infrared Radiation (IR), Inertial Measurement Units (IMUs))

In terms of type, the camera segment is predicted to hold the highest CAGR of 25% by the end of 2036. This is predicted to grow on account of the abilities of this perception sensor to reduce the complexity of the circuit, consume very low static power, and offer higher sensitivity owing to the presence of the latest pixel architecture. Furthermore, increased resolution is going to provide even more detailed information for accurate object recognition and identification. Smaller and more compact cameras will enable integration into smaller devices and robots. Additionally, AI-powered algorithms are going to enhance the ability of cameras to handle challenging environmental conditions and extract meaningful information from the data.

Vehicle Type (Commercial, Passenger)

In terms of vehicle type, the passenger vehicle segment is predicted to dominate the perception sensors market growth with a growth rate of 60% during the estimated period. The segment for passenger vehicles is estimated to lead the market, in terms of share, ascribing to the rising need for the optimization of fuel consumption and growing demand for environment-friendly and safety-oriented vehicles. From 2017 to 2025, an analysis shows the number of green vehicle models sold by Hyundai Motor and Kia Motors in South Korea. By the year 2025, it is expected that approximately 38 eco-vehicle models will be produced by the Hyundai Motor Group. Features such as lane departure warning, blind spot detection, and automatic emergency braking rely heavily on sensors such as cameras, radar, and ultrasonic sensors, driving the demand and thus driving the segment growth in the estimated timeframe.

Our in-depth analysis of the global perception sensors market includes the following segments: