Solid State Sensors: Introduction

  • Sensors are devices that can sense or detect a physical property. Solid-state sensors are the sensors with no mobile parts. Sometimes these sensors are confused with transducers or actuators that are supposed to react depending on the sensor response. The signal processing unit controls the whole system between sensor and actuator.
  • While using a solid state sensor it is necessary to have the sensor device and the signal processing unit on the same chip because the signal processing unit in it can be built as a semiconductor device
  • Solid state sensors are the products designed in such a way that they can measure the physical property and sense them. This process leads to an electrical reaction that can be detected and magnified with electronics.

Increasing Application of Solid State LiDAR Sensors in Automotive Industry Driving Growth of the Market

  • Automotive LiDAR sensors are used to enhance a vehicle’s navigation capabilities by detection and avoidance of obstacles enroute. The Light Detection and Ranging (LiDAR) sensors are detection and survey systems to evaluate the nearness of an object. A LiDAR system principally consists of a laser, a scanner, and a specialized GPS receiver. An optical pulse is created by the laser, which is radiated and transmitted toward the target.  
  • The time taken by the light pulse to bounce back and reach the receiver is measured (utilizing the speed of light) and thus the distance of the target is calculated. The technology has emerged as the main pillar for the vision of autonomous cars as it gives a 3D mapping of the vehicles surroundings. This enable a safe navigation system for the vehicles. Hence factors such as enhancing a vehicle’s navigation capabilities is driving the solid state sensors market.

Rise in Demand for Solid State Sensors and Product Launches

  • Manufacturers are providing various solid state gas sensors in the market and producing innovative products that are applicable in automotive and other applications. Some of the agreements and innovations in solid state sensors are highlighted below.
  • In January 2019, Innoviz Technologies and HARMAN International signed a partnership agreement to supply Innoviz’s high-performing, solid-state, and mass-producible LiDAR solutions to OEMs globally.
  • In May 2019, AMS, ZF Friedrichshafen AG, and Ibeo Automotive Systems GmbH announced a partnership to combine capabilities of solid state LiDAR sensors in the automotive industry. The three companies will partner on joint R&D efforts to ensure that this new technology can be quickly and safely adopted by 2021.

Manufacturers Focusing on Innovative Techniques to Enter the Developing Solid State LiDAR Sensor Market

  • Solid state LiDAR Sensor technology is attracting a great deal of attention due to its numerous applications in the automotive field. Manufacturers in the solid state sensor market are increasingly investing in research and development activities to find new and innovative techniques to develop solid state LiDAR sensors.
  • The solid state sensor market is highly fragmented with the presence of several manufacturers, especially in Europe. Moreover, product differentiation has become vital to gain a competitive edge in the solid state sensor market with the increasing number of manufacturers.

Key Players in the Global Market

The global solid state sensors market was highly fragmented in 2018. Prominent players operating in the global market are focusing on technological developments and expansion to meet the growing demand for solid state sensors. Moreover, manufacturers are entering partnerships for the development of innovative products and to gain higher profit margins.

Key players operating in the global solid state sensors market include:

  • Ibeo Automotive Systems GmbH
  • LeddarTech Inc.
  • Phantom Intelligence
  • ABAX AS

Global Solid State Sensors Market: Research Scope

Global Solid State Sensors Market, by Type

  • Phased Array
  • Microelectromechanical Systems (MEMS)

Global Solid State Sensors Market, by Application

  • Intelligent Machine Vision and Factory Robotics
  • Robot Assisted Surgery
  • Air Quality Monitoring
  • Spectroscopic Chemical Sensing
  • Aerial Drones
  • Autonomous Vehicles
  • Fault Analysis Equipment

Global Solid State Sensors Market, by End-user

  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Industrial
  • Others

Global Solid State Sensors Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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