According to the report titled, ‘Global Autonomous Driving Sensor Market: Analysis By Product Type, (Cameras, Radar, LiDAR), Vehicle (Semi-Autonomous, Fully Autonomous), By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global autonomous driving sensor market was worth USD 7349.55 million in 2020 and is expected to multiply rapidly during 2021-2026.
 

Rigid regulatory standards associated with environmental protection and energy conservation along with rising consumer awareness in terms of product quality are fueling the growth of global autonomous driving sensor market.
 

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In addition, rapid industrialization leading to a high demand for autonomous vehicles coupled with increasing preference towards clean energy fuel vehicles across several verticals are further augmenting the industry outlook.
 

On the contrary, the outbreak of the COVID-19 pandemic has severely affected the production of vehicles owing to shortage of supplies and production suspensions. Stringent lockdowns and travel bans have lowered the demand for new vehicles in several countries, hampering the overall progression of worldwide autonomous driving sensors market.
 

Speaking of the product segment, the report cites that the cameras segment is expected to register considerable growth in the ensuing years. Cameras are the most commonly adopted sensors in vehicles which are used to detect other objects, monitoring the driver behavior, and for lane tracking as well as parking.
 

On the other hand, the LiDAR segment is likely to record a strong CAGR through 2026. The growing usage of LiDAR sensors owing to their capability to deliver measurements of objects much further from the survey vehicle is fueling the segmental size.
 

By vehicle type, semi-autonomous vehicles are gaining popularity owing to their ability to accelerate, decelerate, and stop without any human intervention.
 

Considering the geographical frame of reference, North America market is predicted to expand significantly during 2021-2026, primarily due to the growing adoption of high value sensing modules in automotive systems.
 

 Also, the car market in the United States has been gaining momentum owing to the digitalization in connected cars which is fueling their demand. This in turn is adding to the overall development of global autonomous driving sensor market.
 

Major players operating in the market are STMicroelectronics N.V., Mitsubishi Electric Corporation, Siemens AG, Valeo S.A., NXP Semiconductors N.V., Aptiv plc, Robert Bosch GmbH, Allegro MicroSystems Inc., DENSO Corporation, and Continental AG.