Multiple sensing technologies will ensure many market opportunities for Tier 1 players, Tier 2 players, and newcomers alike
Sensor technologies are a driving force in making fully autonomous vehicles a reality. Automakers are racing to develop safe self-driving cars, but this race is a distance run more than a sprint, where multiple automation stages will imply multiple sensors. Ultrasonic sensors, radars, and multiple cameras systems are already embedded in high-end vehicles -- and within 10 years, they could also include long-range cameras, LIDAR, micro bolometer and accurate dead reckoning. These devices will work concurrently and each technology will support another to ensure codependency and avoid concerns. Even though sensors are only part of the puzzle, their market opportunities are promising.