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Title : Yole Forecats 1M Robotic Vehicles Till 2030
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Yole Forecats 1M Robotic Vehicles Till 2030

Yole Developpement report "Sensors for Robotic Mobility 2020" forecasts:

"Regardless of the naysayers, robotic vehicle technology will provide the Netflix of mobility before 2032.

Carmakers developing Advanced Driver Assistance System (ADAS) technology have now mainly chosen a camera-and-radar approach. As Mr E. Musk, the CEO of Tesla, said: “LiDAR is a fool’s errand […] in the automotive context”

Growth rates are expected to be impressive. In 2019 production of robotic vehicles was in the range of a few thousand worldwide. Yole analysts expect production volumes to reach 400Ku units annually, with cumulative production of 1B units, by 2032. This ramp up forecast is based on a 51% compound annual growth rate (CAGR) for the next 15 years. By then, the total revenue associated with the production of robotic vehicles will reach $60B. 40% of that figure will originate from the vehicles themselves, 28% will come from sensing hardware, 28% from computing hardware and the remaining 4% will be from integration. This means that within 15 years complete industries will be structured around robotic vehicle technologies.

When looking closer to the present, in 2024 Yole analysts expect sensor revenues to reach $0.4B for LiDAR, $60M for radar, $160M for cameras, $230M for IMUs and $20M for GNSS devices. The split between the different sensor modalities may not stay the same for the 15 years to come.

Nevertheless the total envelope for sensing hardware should reach $17B in 2032, while, for comparative purposes, computing should be in the same range."

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