In the next decade, the automotive industry will face a magnitude of change that has not been seen in a century. This change will be driven primarily by four mutually reinforcing trends, i.e., autonomous, connected, electric, and shared (ACES) vehicles.
Growth in sensors will largely be driven by the development and adoption of AD, requiring new sensor types (especially light detection and ranging, LiDAR), advanced SW functionality (e.g., raw data sensor fusion), and increased functional safety.
An increasing adoption rate of ADAS and AD will be responsible for an overall expected growth rate of 8 percent in automotive sensors. More specifically, this growth will most likely be seen in ADAS/AD systems starting from SAE AV Level 3 due to the near-full autonomy of the system and the higher requirements and costs (and introduced redundancies) regarding the sensors used at this level.