Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Which are the Major Opportunities in the Automotive Sensors Market?

% of readers think this story is Fact. Add your two cents.


Automation in automobiles is considered as the ultimate goal for mobility. Automakers and tier 1 suppliers, as well as technology providers (e.g., semiconductor vendors) and smart mobility companies (e.g., ridesharing companies), traditionally not involved in the automotive industry, are all racing to develop and invest in related technologies. Semiconductor vendors are actively developing a wide range of microchips and fusion and system-on-chip devices incorporating artificial intelligence (AI) and machine learning technologies.

The automotive sensors market is projected to reach USD 41.9 billion by 2025 from an estimated USD 28.1 billion in 2020, it is expected to grow at a CAGR of 6.9% from 2020 to 2025.

Increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and an increase in consumer demand for safety and comfort in vehicles are the major factors driving the growth of the automotive sensors market. Increasing demand for advanced driver-assistance systems (ADAS) and ongoing rapid developments in autonomous cars present growth opportunities for the automotive sensors market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426

Based on type, the image sensors segment of the automotive sensors market is projected to grow at the highest CAGR from 2020 and 2025.

Based on type, the automotive sensors market has been segmented into position sensors, speed sensors, pressure sensors, oxygen sensors, NOx sensors, inertial sensors, temperature sensors, image sensors, and other sensors. Among all these, the image sensors segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased demand for image sensors used in ADAS, active parking assistance (APA) systems, lane departure warning (LDW) systems, collision avoidance systems, and other safety systems. The rapid development of autonomous cars, which rely significantly on image sensors, has also spiked the global demand for image sensors.

Based on application, the telematics segment of the automotive sensors market is projected to grow at the highest CAGR during the forecast period.

The automotive sensors market has been segmented into powertrain, chassis, body electronics, safety & control, exhaust, telematics, and others. The telematics and the safety & control segments are significantly growing application segments of the market. Increasing demand for ensuring safety & comfort in vehicles is driving the demand for safety & comfort sensors worldwide.

The automotive sensors market in APAC is projected to grow at the highest CAGR from 2019 to 2024.

The automotive sensors market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The increasing purchasing power of consumers and the rising demand for highly efficient and safe vehicles are the main factors driving the growth of the automotive sensors market in APAC. Emerging economies such as India and China are major contributors to the growth of the automotive sensors market in this region. China is leading the global automobile production, and it is expected to continue leading this production during the forecast period as well. The Government of the People’s Republic of China emphasizes the promotion and adoption of energy-efficient plug-in hybrid electric vehicles (EVs) and pure EVs.

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=426

Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (US), Allegro Microsystems (US), Analog Devices (US), Elmos Semiconductor (Germany), CTS Corporation (US), Autoliv Inc. (Sweden), NXP Semiconductor (Netherlands), TE Connectivity (Switzerland), STMicroelectronics(Switzerland), ZF Friedrichshafen AG (Germany), Quanergy (US), Innoviz Technologies (Israel), and Velodyne LiDAR (US) are some of the key players in the automotive sensors market.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com

Order by Phone at 888-809-8385 or online at https://www.herbanomic.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.