Global
Automotive Sensors Market: Overview
The automotive sensors measure, detect and transmit the data, which helps
in monitoring the performances and capabilities of the vehicles. These sensors
make use of IC fabrication equipment made up of silicon wafers. Automotive
sensors analyze and control the physical, chemical, and technical changes of
the automobiles. Sensors are mainly utilized to reduce the fuel usage, decrease
the onboard weight of the vehicle, and act in accordance with the government
rules and regulations towards the passenger’s safety and security.
Global
Automotive Sensors Market: Growth Factors
The overall popularity and demand for the automotive sensors market are
considerably growing due to different factors such as growing demand for luxury
cars and strict governmental rules & regulations on automobile safety &
security and emissions. In addition, improved market penetration of sensors
such as radar, LiDAR, ultrasonic, and cameras is the major factor responsible
for increasing the growth of the market. Growth in sales of electric vehicles
is witnessed globally since they are environment-friendly, economical, and
energy efficient over conventional vehicles thus anticipating to boost the
automotive sensors market growth in the future. The decrease in the sensors
prices propels the automotive manufacturers for the expansion of automotive
sensors for various applications in vehicles such as; chassis, powertrain,
safety, and body. The other major factor that is driving the global automotive
sensors market is advanced technology and miniaturization, which enables their
amalgamation into vehicles without getting intrusive with the general
functionalities of the motor vehicle. The increase in highly developed
electronic control systems has made sensors more precise and consistent while
rising the response period, sturdiness, and competence. The constant
innovations and investments in research & development to meet the varying
consumer preferences has led to superior fabrication methods and improved
sensing abilities at a much lower cost which is acting as the major driving
factor for the automotive sensors market.
Global
Automotive Sensors Market: Segmentation
The global automotive sensors market is segmented based on sensor type,
vehicle type, and by the application. Based on sensor type, the market is
segmented into temperature sensor, pressure sensor, speed sensor, O2 sensor,
NOx sensor, position sensor, image sensor inertial sensor, and others. Based on
vehicle type, the automotive sensors market is classified into the heavy
commercial vehicle (HCV), light commercial vehicle (LCV), and a passenger car.
Based on application, the market is divided into chassis, telematics, safety
& control, exhaust, powertrain, body electronics, and others.
Global
Automotive Sensors Market: Regional Analysis
Regionally the global automotive sensors market is classified into
Europe, North America, Asia Pacific, and the Middle East & Africa. North
America anticipates being the leading market for the automotive sensors market,
which is followed by the Asia Pacific and Europe. Germany is expected to grow
at a significant rate as compared to China and the European market. It is also
estimated that Japan will lead the Asia Pacific market in the future. The
growth is anticipated to be highest in the Asia Pacific mainly owing to the
growing economy. The Middle East is expected to grow at a low rate in the years
to come
Global
Automotive Sensors Market: Competitive Players
Some of the important market players in the global automotive sensors
market are Continental AG, DENSO Corporation, Analog Devices Inc.,
STMicroelectronics, Robert Bosch GmbH., and Infineon Technologies AG, among
others.
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