Robotic Vehicle Sensor Market - Forecasts from 2023 to 2028

The robotic vehicle sensor market was valued at US$291.295 million in 2021 and is projected to expand at a CAGR of 40.02% over the forecast period to reach US$3,073.715 million by 2028.

Robotic vehicles are classified as remotely operated or autonomous. These vehicles generally 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 external stimuli. The demand for various sensors stems from the burgeoning incorporation of these in vehicles to make them autonomous. The growing utilization of multiple sensors such as radar, LiDAR, cameras, and others in robotic vehicles is driving the robotic vehicle sensor market growth.

Among them, the LiDAR sensor, a laser form of radar, is strongly emerging as a powerful way for robot cars to navigate. Thus, it is anticipated to grow at a good rate during the forecast period. Furthermore, 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 to produce advanced sensors like LiDAR at low cost intending to start mass production of robotic vehicles in the upcoming years.

This research study examines the robotic vehicle sensor market based on various segments: type, level of automation, and geography. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes the robotic vehicle sensor industry. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the robotic vehicle sensor market. Moreover, the research study analyzes the overall regulatory framework of the robotic vehicle sensor sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Robotic Vehicle Sensor Market - Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape, details the strategies of key market players, and plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the robotic vehicle sensor market report is as below:

• Robotic vehicle sensor market data tables and charts
• Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
• Market assessment by type into radar, LiDAR, camera, ultrasonic sensors, and others.
• Detailed market trends, analysis, and graphical representation by level of automation into L1/L2, L3, and L4/L5.
• A 360 degree view of the demand for Robotic vehicle sensor solutions/services across different geographies (Americas, Europe Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Different segments covered under the robotic vehicle sensor market report are as below:

By Type

• Radar
• LiDAR
• Camera
• Ultrasonic Sensors
• Others

By Level of Automation

• L1/L2
• L3
• L4/L5

By Geography

• Americas
• USA
• Others
• Europe Middle East and Africa
• Germany
• United Kingdom
• Others
• Asia Pacific
• China
• Japan
• South Korea
• Taiwan
• Others