Page 36 - TTG-Taiwan Transportation Equipment Guide 2025-04 Edition

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Industry News

This trend is set to drive sustained growth in the actively enhancing detection accuracy and refining
self-driving sensor market, including Light Detection their solutions to drive wider customer adoption and
and Ranging (LiDAR), automotive lenses, and market penetration.
millimeter-wave radar. The global market for these
sensors is projected to reach $28.4 billion by 2024 At the same time, the growing demand for AI-
and continue its upward trajectory to $72.07 billion driven applications is fueling the need for more
by 2030. powerful in-vehicle computing, making automotive
computing chips a key battleground for major tech
Regionally, the Asia-Pacific market, fueled by companies. Industry leaders such as NVIDIA,
the steady expansion of China’s automotive sector, Qualcomm, Mobileye, and Huawei are investing
has emerged as the largest, valued at $12.6 billion. heavily in the development of high-performance
North America and Europe follow, with market sizes automotive chips, each vying for a dominant
of $8.5 billion and $6.9 billion, respectively. Beyond position in the future of smart mobility.
increasing adoption rates, sensor manufacturers are