The market for passenger car and light commercial vehicles under 6 tons is currently in decline as a result of the por sales situation in the China market, and recovery is not expected until 2020. Against this background, sensor suppliers are struggling. Bright spots in these dark times are the fast adoption radar and cameras for ADAS systems, and sensors supporting vehicle electrification, which allows some companies to limit the damage while others supplying sensors to applications that are commoditized and highly penetrated are having a tougher time.
For the first time this report includes all semiconductor sensors and allows a view of the total market. The long-term view looks rosier, and the market for first-level packaged sensors doubles from USD5.67 billion in 2018 to USD11.3 billion in 2030—a compound annual growth rate of 5.9%.
Staying abreast of automotive sector/topic-specific developments, trends, and competitive activity can be time-consuming. With many sources available, it is often difficult to find critical and reliable market information that stakeholders of the automotive industry need. Conducting business analysis, product, or market strategy assessments without validated market data is risky.
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