Smartization Drives Explosive Growth in the Vehicle Sensor Market
Category: Company News
In the wave of the "New Four Modernizations" of automobiles, smartization is another core driver electrification. The proliferation of Advanced Driver-Assistance Systems (ADAS) and future autonomous driving technologies has ushered in a golden age for the vehicle sensor market. LiDAR, millimeter-wave radar, and high-definition cameras have become standard sensors for intelligent vehicles.
According to the latest market reports, the global automotive LiDAR market is expected to exceed $10 billion by 2025. Domestic and international manufacturers like Hesai, RoboSense, and Luminar are fiercely competing, with technological routes iterating rapidly and costs continuously declining. Simultaneously, millimeter-wave radar is evolving into 4D imaging radar, providing more accurate target resolution and height information.
This trend has opened up a new battlefield for parts suppliers. Traditional Tier 1 giants are rapidly entering the sensor field through acquisitions or in-house development. A large number of tech startups are also entering the market with their technological advantages. The performance, reliability, and cost of sensors directly determine the ceiling of ADAS systems. Therefore, those who lead this sensor technology race will secure a favorable position in the future smart car supply chain.
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