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In 2026, China's automotive sensor market space is expected to reach 144.9 billion yuan

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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【Chemical Machinery and Equipment Network Market Analysis】On August 1, 2022, Sifang Optoelectronics issued an announcement that the company recently received two project designation notices from domestic new energy main engine factories, confirming that the company supplies automotive-grade CO2 sensor assemblies and AQM air quality sensor assemblies
.
According to the customer's forecast, the life cycle of the above projects is expected to be 5 years, with a total amount of about 116 million yuan (including tax).

This is the third new project designated by Sifang Optoelectronics since 2022
.
In April this year, it received the notice of two projects of domestic OEMs, confirming that the company provided customized development and supply services for automotive comfort system sensors; In June, it received a notice of designation of one project of domestic new energy main engine factory, confirming that the company supplied vehicle-grade PM2.
5 sensor assemblies for it
.

In recent years, with the rapid development of the Internet and the Internet of Things, the application space of sensors in many emerging fields has been greatly expanded, such as smart home, Internet of Things, Internet of Vehicles and smart cities, especially in the automotive industry, electrification, intelligent functions continue to iterate, and the perception layer has become one of the core components of
autonomous driving.

According to a report by Everbright Securities, on June 15, 2022, NIO held a new product launch event to release the ES7
, the first SUV model of the NIO NT2.
0 platform.
Compared with the NT1.
0 platform, the NT2.
0 platform has been greatly upgraded, which is equipped with NIOAquila ultra-sensing system and NIOAdam supercomputing platform, which not only has 10 more sensors than the NT1.
0 platform, but also greatly upgrades the electronic architecture
.

On June 21, 2022, the ideal L9 was officially released
.
Ideal L9 is equipped with flagship ADMax intelligent driving system as standard, ideal ADMax is equipped with 1 forward 128-line lidar, 6 8 million pixel cameras and 5 2 million pixel cameras, as well as 1 forward millimeter wave radar and 12 ultrasonic sensors, which can realize 360° all-round perception around the body and at a long distance, according to the number of sensors, the ideal L9 vehicle has more than 25 vision sensors
.

In recent years, China's new energy vehicle market has entered a stage of rapid expansion
.
According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in June increased by 1.
3 times year-on-year, and the production and sales volume in the first half of this year reached 2.
661 million and 2.
6 million units, respectively, with a market share of 21.
6%, and it is expected that China's new energy vehicle sales will reach 5.
5 million units in 2022, a year-on-year increase of more than
56%.

The development of new energy vehicles has realized the iteration
of intelligent to non-intelligent while replacing vehicle energy.
Shenzhen issued the country's first intelligent networked vehicle regulations, driverless cars can be legally put on the road, and automotive intelligence continues to accelerate
.
In the hierarchical structure of autonomous driving, automotive sensors are in the perception layer, with high added value of products, and are the core hardware
to realize intelligent driving of bicycles.

In 2021, the Ministry of Industry and Information Technology issued the Action Plan for the Development of Basic Electronic Components Industry (2021-2023), which supports the development of key technologies of electronic components, focusing on the development of high-end sensors in temperature, gas, displacement, speed, optoelectronics, biochemistry and other categories, as well as new MEMS sensors and intelligent sensors, and focusing on promoting the application of
electronic components such as automotive-grade sensors.

With the continuous iteration of electrification and intelligent functions in the automotive industry, the perception layer has become one of the core components of
autonomous driving.
Relevant institutions expect that with the continuous improvement of the penetration rate of new energy vehicles and the level of driving automation, the number of bicycle sensors is expected to continue to grow
.
Under the trend of electric intelligence, the use of current and intelligent sensors continues to increase, and the use of bicycles will reach hundreds
.
CICC estimates that the global and Chinese automotive sensor market space is expected to reach 3803 yuan/144.
9 billion yuan in 2026, respectively, and the CAGR from 2021 to 2026 is 26.
3%/26.
1%
respectively.

At present, the trend of upgrading the level of driving automation has emerged
.
Driven by the goal of autonomous driving, the number of smart cars and the number of sensors equipped with bicycles continue to grow, and all kinds of automotive sensors are expected to benefit
.
Benefiting from the high market share of self-owned brand new energy models, domestic sensor companies are expected to usher in a golden opportunity
for industrial upgrading with technology accumulation, rapid response and localization demand of downstream customers.

Original: China's automotive sensor market space is expected to reach 144.
9 billion yuan in 2026

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