openPR Logo
Press release

Why automotive sensors market is growing rapidly...? | Continental AG, TE Connectivity, Delphi Automotive PLC, NXP Semiconductor, Denso Corporation, Samsung, Infineon Technologies, Bosch Group, ZF Friedrichshafen AG, and Analog Devices

06-28-2019 03:35 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Automotive Sensors Market

Automotive Sensors Market

The automotive sensors market is growing due to development in LiDAR and RADAR components. Light detection and range-sensing methods are used to aid automated and self-driving car systems. LiDAR provides ADAS with a 360-degree visibility and accurate depth information about nearby obstacles. Major autonomous vehicle manufacturers including Baidu and Uber are deploying RADAR and LiDAR components in their ADAS systems. Another trend in the automotive sensors market is the quick response time for other automotive applications such as lighting & energy management systems.

The automotive sensors market also witnesses a substantial demand for image sensors owing to the incorporation in lighting & imaging systems in modern vehicles. They offer enhanced assistance to night-vision & camera-enabled applications such as emergency braking, video mirrors, and driver monitoring in the automobile.

Request For Table Of Content @ https://www.gminsights.com/request-toc/upcoming/2996

The automotive sensors market development is hampered by high sensor costs that limit the use in traditional and passenger vehicles. The price factor enforces vehicle manufacturers to deploy these components in luxury and autonomous vehicles only. The issue can be eliminated by improved supplier-OEM relationships, which will aid them in purchasing the sensing components at lower prices. Another factor restraining the automotive sensors market is the short life and reliability issues of the sensing components. These challenges can be overcome by component manufacturers through the deployment of more efficient and reliable products.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Actia Group SA
2. Volkswagen AG
3. Autel Intelligent Technology Corp., Ltd.
4. AVL List GmbH
5. BMW AG
6. Bosch Automotive Service Solutions Inc.
7. Continental
8. Daimler AG
9. Delphi Automotive PLC
10. Denso

Europe is expected to cover a substantial share in the automotive sensors market in the coming years. This growth is attributed to the presence of major luxury car manufacturers in the region including Audi and BMW, among others. All modern and luxury vehicles deploy many sensing components that add up to the automotive sensors market development. The supportive EU standards and initiatives for road safety and development of the European automotive sector are driving the industry growth. Additionally, the U.S. is expected to dominate the automotive sensors market owing to the high demand for the automotive safety & control systems in this region. Early technological adoption and consumer awareness about advanced automotive systems support the consumption of sensing components.

The powertrain application in the automotive sensors market is expected to grow rapidly over forecast years due to the provisioning of level, position, and speed data to these systems. Sensor manufacturers have developed a specific powertrain segment in their product portfolio, which will offer application-specific components. In the automotive sensors market, safety & control applications are witnessing high development owing to the growing deployment in autonomous, semi-autonomous, and luxury vehicles. These systems aid in vehicle sensing and monitoring the speed in cases of accidents. In modern vehicles, the safety applications are deployed in the lane management systems to alert the drivers in maintaining the lane while driving.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2996

Europe is expected to cover a substantial share in the automotive sensors market in the coming years. This growth is attributed to the presence of major luxury car manufacturers in the region including Audi and BMW, among others. All modern and luxury vehicles deploy many sensing components that add up to the automotive sensors market development. The supportive EU standards and initiatives for road safety and development of the European automotive sector are driving the industry growth. Additionally, the U.S. is expected to dominate the automotive sensors market owing to the high demand for the automotive safety & control systems in this region. Early technological adoption and consumer awareness about advanced automotive systems support the consumption of sensing components.

In the automotive sensors market, proximity sensing components are witnessing a high demand due to their implementation in parking assistance and adaptive cruise control systems. These components deployed in the parking assist systems to aid the driver in detecting the distance of an object from the vehicle and provides alerts before crashing. Additionally, these components are increasingly being incorporated into intelligent infotainment systems that allow users to control the volume and other functions through hand movements from a distance.

Browse Full Report Summary @ https://www.gminsights.com/industry-analysis/automotive-sensors-market

Key players operating in the automotive sensors market include Continental AG, TE Connectivity, Delphi Automotive PLC, NXP Semiconductor, Denso Corporation, Samsung, Infineon Technologies, Bosch Group, ZF Friedrichshafen AG, and Analog Devices. Major companies are developing efficient product innovations and supply chain management strategies to cater to the increasing demands from the automotive sector. Additionally, companies in the automotive sensors market have developed specialized sensors for autonomous vehicles to support recent developments.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Why automotive sensors market is growing rapidly...? | Continental AG, TE Connectivity, Delphi Automotive PLC, NXP Semiconductor, Denso Corporation, Samsung, Infineon Technologies, Bosch Group, ZF Friedrichshafen AG, and Analog Devices here

News-ID: 1791639 • Views: 729

More Releases from Global Market Insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases


More Releases for Automotive

Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Global Automotive Windshield Market
“Global Automotive Windshield Industry 2021 Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977. Windshields, also known as windscreens, are curved glasses placed in the front of a vehicle to protect the occupant from the wind and road debris such as mud and dust. It also enhances the aerodynamics of the vehicle. Technavio’s analysts forecast the global automotive windshield market to grow at a CAGR of 4.64% during the period
Automotive Market Outlook 2016
This document is a series of scorecards for major Automotive markets which review historic (2011-2015), short term (2016-2020) and medium/long term (2021-2030) performance of light vehicle sales in the markets covered by the Automotive system. A ranking from 1 to 10 is assigned to each macro and micro driver that impact demand, which is multiplied by a score ranging from +5 (positive) to -5 (negative) for the three time periods,
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM