Automotive Sensors Market Size by Type (LED, Image Sensors, Position Sensors, Temperature Sensors, Pressure Sensors, MEMS and Others) by Application (Chassis, Safety & Security, Body Electronics, Powertrain, ADAS and Others) by Vehicle Type (LCV, HCV and Passenger Car), Regions, Segmentation, and forecast till 2029.
Pune India, Dec. 14, 2022 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the Automotive Sensors market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Automotive Sensors market are present across various countries in the above-mentioned regions.
Get Sample Copy of This Report @ https://greyviews.com/reports/automotive-sensors-market/188/request-sample
The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the type, application, vehicle and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
The significant players operating in the global automotive sensors market are BW Group, Dorian LPG Ltd., EXMAR, Hyundai Heavy Industries Co., Ltd, Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd., Namura Shipbuilding Co., Ltd., PT Pertamina (Persero), StealthGas Inc., The Great Eastern Shipping Co. Ltd., Teekay Corporation among others. To achieve a substantial market share in the worldwide automotive sensors market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Autonomous driving is one of the key reasons why automobiles need sensors. Along with the overall automotive market, the automotive sensor sector is growing in large part. The widespread use of ADAS and AD systems is the primary factor for the rise in demand for automotive sensors. The sensors utilised in ADAS/AD systems, which include image sensors, temperature sensors, position sensors, speed sensors, and others, are primarily responsible for the market growth for automotive sensors. Automotive sensors are mostly sold by OEMs due to the underdeveloped aftermarket for automotive sensors. For a variety of various business sectors, such as industrial sensors and home automation devices, the aftermarket is essential to market growth. The greatest barrier to the commercialization of automobile sensors is that the bulk of technical specifications for these sensors are supplied by the automaker or a tier 1 provider. The demand for fuel-efficient cars has skyrocketed, and strong government regulations to cut CO2 emissions have contributed to this growth in semiconductors in both conventional and EV/HEV vehicles. The Chinese government introduced the new 6A emission standard in 2020, which helped to reduce vehicle emissions. Traditional internal combustion engines offer a huge chance to cut CO2 emissions. Recently, autonomous cars have becoming more popular. Level 3 through Level 5 autonomous cars have been used in a number of fatal incidents with little to no human participation. A paper from the Joint Research Centre (JRC) and the EU Agency for Cybersecurity (ENISA) also revealed that there are serious cybersecurity concerns with autonomous vehicles.
Enquiry Before Buying This Report @ https://greyviews.com/inquiry/188
Scope of Automotive Sensors Market Report:
Base Year
Type, Application, Vehicle and Regions.
North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
BW Group, Dorian LPG Ltd., EXMAR, Hyundai Heavy Industries Co., Ltd, Kawasaki Heavy Industries, Ltd, Mitsubishi Heavy Industries, Ltd., Namura Shipbuilding Co., Ltd., PT Pertamina (Persero), StealthGas Inc., The Great Eastern Shipping Co. Ltd., Teekay Corporation among others.
The position sensors segment is expected to be the fastest-growing segment in 2021.
The type segment includes LED, image sensors, position sensors, temperature sensors, pressure sensors, MEMS and others. The position sensors segment is expected to witness the highest growth rate during the forecast period. In addition to brake and clutch sensors, manifold flap sensors, accelerator pedal sensors, seat and headrest sensors, electric roof sensors, windscreen wiper position sensors, sunroof position sensors, valve position sensors, gear shift position sensors, crash sensors, headlight position sensors, and seat position sensors are also part of position sensors, driving the market.
The powertrain is expected to be the fastest-growing segment in 2021.
The application segment includes chassis, safety & security, body electronics, powertrain, ADAS and others. The powertrain segment is expected to witness the highest growth rate during the forecast period. The Powertrain is expected to have the highest CAGR over the long term. Worldwide, countries implement strict fuel economy and pollution standards which are boosting the growth of the market.
Passenger car is expected to be the fastest-growing segment in 2021.
The vehicle segment includes LCV, HCV and passenger car. The passenger car segment is expected to witness the highest growth rate during the forecast period. It is predicted that passenger cars will have the highest CAGR in the predicted period since their sensors will increase vehicle performance, increase passenger safety, and reduce emissions.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for Automotive Sensors include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
The Asia Pacific region witnessed a major share. Since the number of fatalities from car accidents has risen in recent years, regulatory bodies have enacted stricter safety and pollution regulations propel the growth of the market. Automotive sensors market expansion will also benefit from an increase in medical tourism.
Germany’s Automotive sensors market size was valued at USD 1.01 billion in 2021 and is expected to reach USD 1.52 billion by 2029, at a CAGR of 5.3% from 2022 to 2029. Automotive manufacturers and semiconductor manufacturers have maintained strong partnerships, which have contributed to the growth of semiconductors in the automotive industry and propelled the growth of the automotive sensors market.
China’s Automotive sensors’ market size was valued at USD 1.66 billion in 2021 and is expected to reach USD 2.47 billion by 2029, at a CAGR of 5.1% from 2022 to 2029. Due to the deployment of advanced temperature and position sensors as a part of the battery safety system against mechanical shock and overheating, the demand for automotive sensors in China will rise.
India's Automotive sensors market size was valued at USD 1.27 billion in 2021 and is expected to reach USD 2.02 billion by 2029, at a CAGR of 6.0% from 2022 to 2029. According to data from the Indian Brand Equity Foundation (IBEF), sales of passenger cars rose by 28.39% in March 2021 compared to the same month the previous year. Due to increased demand for adaptive cruise control sensors and expanding sales of passenger cars, top manufacturers are focusing on including these sensors in cheaper vehicles. This is encouraging for the growth of the automotive sensor market. Covid-19 Impact Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of this market is mainly driven owing to the increase in the trading of LPG across countries.
Buy Now Full Report @ https://greyviews.com/checkout/188/single_user_license
Rocky Shah GreyViews Pune India Phone: (+44) 162-237-1047 Email: sales@greyviews.com Web: https://greyviews.com/ Follow Us: LinkedIn | Twitter Browse Related Reports:
Automotive Wiring Harness Market Size By Material (Copper and Aluminum), By Propulsion (ICE Vehicles and Electric Vehicles), By Vehicle (Passenger Cars and Light Commercial Vehicles), By Application (Engine Harness, Chassis Harness, Battery Harness, Airbag Harness, Seat Harness, Door Harness, and Others), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/automotive-wiring-harness-market/189
Automotive Sensors Market Size By Type (LED, Image Sensors, Position Sensors, Temperature Sensors, Pressure Sensors, MEMS and Others) By Application (Chassis, Safety & Security, Body Electronics, Powertrain, ADAS and Others) By Vehicle Type (LCV, HCV and Passenger Car), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/automotive-sensors-market/188
Rolled Ring Market Size by Type (Stainless Rolled Rings, Alloy Rolled Rings, and Carbon Rolled Rings), By Application (Automotive, Aerospace, Agriculture, General Industrial, and Others), Regions, Segmentation, and Projection till 2029
https://greyviews.com/reports/rolled-ring-market/136
Vehicle Gasoline Cleaner Market Size by Types (Clean and Maintenance), Application (Military Vehicle and Civil Vehicle), Regions, Segmentation, and Projection till 2029
https://greyviews.com/reports/vehicle-gasoline-cleaner-market/131
Vehicle Brake Market Size By Product Type (Drum Brake and Disc Brake), By Vehicle (Passenger Vehicle and Commercial Vehicle), By Technology (Traction Control System (TCS), Electronic Brake-force Distribution (EBD), Anti-lock Brake System (ABS), and Electronic Stability Control (ESC)) Regions, Segmentation, and Projection till 2029
https://greyviews.com/reports/vehicle-brake-market/130
Electric Vehicle Battery Case Box Market Size By Vehicle Type (PHEV, BEV, E-Bus, E-Truck), By Product Type (Metallic and Non-Metallic), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/electric-vehicle-battery-case-box-market/127
Car Rack Market Size by Type (Roof Rack, Roof Box, Bike Car Rack, Ski Rack, and Watersport Carrier), By Application (Passenger Car and Commercial Car), By Material (Aluminum alloy, Composite Plastics, and Others), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/car-rack-market/120
Car Wax Market Size by Product Type (Natural and Synthetic), By Form (Liquid and Paste), By Sales Channel (Manufacturer and Retailer & Distributor), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/car-wax-market/113
Electric Scooter Market Size by Vehicle Type (E-Scooter/Moped and E-Motorcycle), Battery Type (Sealed lead acid and Lithium-ion), Distance Covered (Below 75 miles, 75-100 Miles, and Above 100 Miles), Technology (Plug-in and Battery), Voltage (36V, 48V, 60V, 72V, and Above 72V), Vehicle Class (Economy and Luxury), Usage (Commercial and Private), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/electric-scooter-market/71
Automotive Motors Market Size by Motor Type (Brushed Motors, Brushless Motors, and Stepper Motors), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), Electric Vehicle Type (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV), and Fuel Cell Electric Vehicle (FCEV)), Function (Performance Motors, Comfort Motors, and Safety Motors), Application (Alternator, ETC, Electric parking brake, Sunroof motor, Fuel pump motor, ECM, Wiper motor, Engine cooling fan, HVAC, VVT, EGR, Starter motor, Anti-lock brake system, EPS, PLG, and Others), Regions, Segmentation, and Projection till 2029 https://greyviews.com/reports/automotive-motors-market/70
Another name inextricably linked to auto luxury is Rolls-Royce , which hit a milestone that the company has not seen in its 119-year history. It was also the first time Rolls-Royce passed the 6,000 mark for the number of cars sold in a given year. American sales in particular have been very strong throughout the last year.
The National Transportation Safety Board said the findings ignore factors that contributed to the crashes.
If you have been making your morning cup of coffee using the popular Keurig (KDP) pods, aka K-Cups, then you may be entitled to some money. The beverage giant recently agreed to settle a class-action lawsuit over claims the company made that its K-Cups were recyclable. As part of the settlement, Keurig has agreed to pay $10 million to purchasers.
In this video, I will be talking about SoFi Technologies (NASDAQ: SOFI) and explaining how the core business might actually be profitable already. The stock is down 65% since the start of 2022, but management still guided for 50% year-over-year growth.
Head chef René Redzepi plans to reinvent Noma while declaring the fine dining model is “unsustainable.”
Yahoo Finance's Anjalee Khemlani joins the Live show to discuss John Jacobs replacing Stanley Erck as Novavax CEO.
THE BIG MOVE Dear MarketWatch, I’m a 65-year-old married man in Southern California. I retired about 5 years ago, and have very little in pension payments of about $2,000 from my old job, without any medical benefits.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. The problem, in a nutshell, is that for Bitcoin and other digital assets to have any chance of becoming mainstream, banks—with their access to deep sources of liquidity and experience in facilitating payments—will have to be on board. In its announcement early Monday, the company, which is the parent of Metropolitan Commercial Bank, cited recent industry developments and the regulatory environment for the move.
U.S. banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking. Along with Morgan Stanley and Goldman Sachs, they are the six largest lenders expected to amass a combined $5.7 billion in reserves to prepare for soured loans, according to average projections by Refinitiv. "With most U.S. economists forecasting either a recession or significant slowdown this year, banks will likely incorporate a more severe economic outlook," said Morgan Stanley analysts led by Betsy Graseck in a note.
It is rare to see General Motors and Tesla on the same side. Usually the two car manufacturers are opponents and rivals. One of the sticking points remains the fact that President Joe Biden gave General Motors praise that should have gone to Elon Musk's company.
Rolls-Royce CEO Torsten Müller-Ötvös joins Yahoo Finance Live to discuss 2022's historic sales year, the expectations for the fully-electric Spectre vehicle, the luxury consumer demand, recession immunity, transforming the brand to be completely electrified by 2030, and the outlook for profit growth in 2023 and 2024.
I'm 63 and have zero retirement, just Social Security benefits. How can I begin saving? And where can I begin investing this late in the game? -Rita Saving for retirement is certainly easier and has a greater impact on you … Continue reading → The post Ask an Advisor: I'm 63, Have No Retirement Savings and Will Rely on Social Security. How Do I Begin Saving? Is It Too Late to Start Investing ‘This Late in the Game'? appeared first on SmartAsset Blog.
The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average … Continue reading → The post Average Retirement Savings for Baby Boomers appeared first on SmartAsset Blog.
The job cuts have been concentrated in the tech industry and have included Facebook parent Meta Platforms Inc., Twitter Inc., and Microsoft The slowdown in the tech industry has also started to reverberate on Wall Street where revenue for tech-related deals has fallen off. Employers added 223,000 jobs in December and the unemployment rate fell to 3.5%. The recent headlines about tech layoffs don’t seem to match broader economic indicators, which show a strong job market and a historically low unemployment rate.
Tesla slashed China prices as archrival BYD rolls out a super-premium brand. But which is the better EV stock?
The food and beverage conglomerate hopes its new product will capture the sought-after Gen Z cohort.
If you worked in a job with a pension, this means you will receive ongoing benefits once you retire. A critical part of estate planning, then, will be figuring out what happens to that money when you die. The answer … Continue reading → The post What Happens to Your Pension When You Die? appeared first on SmartAsset Blog.
Yahoo Finance Live anchors discuss the decline in stock for Chico’s FAS after the retailer slashed its fourth-quarter outlook.
A top Chinese official said authorities have wrapped up investigations into the financial businesses of several internet companies.
The Federal Trade Commission has started a preliminary investigation into possible price discrimination by beverage giants Coca-Cola Co. and PepsiCo Inc., according to a Politico report late Monday.