In the vehicle industry's increasingly competitive environment, automakers are working on lowering accidents caused by faulty sensor perceptions. When dirt, rain drops, snow, or bird droppings obscure their view, automotive sensors malfunction. In such applications, liquid-based sensor cleaning systems or gas-based sensor cleaning systems are utilized to cleanse the surface of the sensors and restore their functionality. Such cleaning systems are increasingly being used in autonomous vehicles, where sensor performance is critical, assisting the growth of the automotive sensor cleaning system market across regions.

Read Report Overview: ADAS and Autonomous Sensor Maintenance Equipment Market

The global ADAS and autonomous sensor maintenance equipment market is expected to reach $34.6 million by 2031, with a CAGR of 30.94% during the forecast period 2021-2031. According to recent studies, the rapid advancement of automated driving features is leading to the integration of sensors and camera systems in the vehicle's front and back.

New safety requirements are being adopted by governments in order to reduce roadway mishaps. The European Commission has issued new street safety standards and guidelines as part of the General Safety Regulation. A section of the ADAS features, such as progress crisis slowing down and path keeping assistance, has become mandatory as a result of these standards. Moreover, all new heavy goods vehicles (HGVs) sold in the European Union must now feature a lane departure warning system (LDWS) and self-contained crisis stopping systems (AEBS). Furthermore, the U.S. has the strictest automotive security regulations globally. This aspect is increasing the acceptance of ADAS frameworks in the majority of business and passenger vehicles, which is expected to propel the ADAS and autonomous sensor maintenance equipment market forward.

Fluid-Based Sensor Maintenance Equipment Generated the Highest Demand

The fluid-based sensor maintenance segment dominates the worldwide ADAS and autonomous sensor maintenance equipment market and is likely to continue to do so during the forecast period (2021-2031). Liquid jets (fluid) are a known and proven technique of cleaning vehicles. It's difficult to overestimate the attractiveness of a proven technology that has been created to meet the automobile industry's stringent quality, durability, and cost requirements. Applying this strategy to sensors, on the other hand, introduces new issues in terms of capacity, performance, and long-term.

Passenger Vehicles Demand for ADAS and Autonomous Sensor Maintenance Equipment Expected to be Dominant Over Commercial Vehicles

Passenger cars are the most attractive vehicle application with the highest share. The growing concern about safety, as well as the government's tight emission standards, is driving up demand for these sensors in passenger vehicles. Furthermore, governments from all around the world are working hard to support this industry. To assure safety, efficiency, and accuracy in passenger automobiles, federal authorities have established a number of rules and regulations to increase the usage of these sensor maintenance equipment in vehicles.

ADAS and Autonomous Sensor Maintenance Equipment Market by Region

Europe holds the largest market share in the global ADAS and autonomous sensor maintenance equipment market. The economic situation in Europe is favorable, and the consumers have a high disposable income, thereby leading to high demand for advanced equipment such as ADAS and autonomous sensor maintenance equipment. Along with this, manufacturers are looking to improve their flexibility across the value chain, thereby driving the market toward the adoption of ADAS and autonomous sensor maintenance equipment.

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Competitive Landscape

To gain market share, major sensor maintenance equipment market manufacturers are making various kinds of strategic moves. Continental AG, Ficosa Internacional AG, Ford Motor Company, and Valeo, among others, are some of the leading players globally. New product launches are the most preferred strategy. Also, companies are investing in the research and development of their products to market the best products and technologies. Furthermore, the product is still in the development phase as the companies continue to redesign the product in response to ADAS and autonomous vehicle models and OEM demand. Most of the players have tie-ups with various OEMs to test the products on the road.