Automotive Active Safety Sensors Market estimated to grow at impressive CAGR in the forecast period (2018-2023)

Summary:
The report on the Automotive Active Safety Sensors Market has been launched in Oct,2018 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2018-2023. The report also offers insights into different market segments and other factors affecting the market.

Click here for Report Description:
https://www.stratviewresearch.com/397/Automotive-Active-Safety-Sensors-Market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/397/Automotive-Active-Safety-Sensors-Market.html

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Active Safety Sensors Market is expected to inflate at impressive CAGR by the forecast period (2018 – 2023).

As per the report, the market is segmented by:
• By Vehicles: Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle
• By Sensor Type: Radar Sensor, LiDAR Sensor, Camera Sensor, Others
• By Application Type: Braking System, Adaptive Cruise Control, Blind Spot Detection, Lane Departure Warning, Others
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/397/Automotive-Active-Safety-Sensors-Market.html

Highlights of the Report:

With more than 1 million annual road fatalities worldwide, safety has become paramount importance for the automotive industry. Various safety regulatory organizations, such as NCAP (New Car Assessment Program) and NHTSA (National Highway Traffic Safety Administration), are imposing stringent safety regulations on automakers, which are encouraging automakers to incorporate active safety systems into their new cars. Sensors are nowadays considered a very crucial product for passenger safety as they recognize accident hazards or events in milliseconds. The main function of active safety sensors is to help the driver to control the vehicle to avoid accidents and enhance the driving experience under various road conditions.
The global automotive active safety sensors market is likely to witness an excellent double-digit growth over the next five years to reach US$ 18,554.5 million in 2023. Increasing usage of active systems in passenger cars to reduce the number of accidents, implementation of stringent regulations regarding passenger safety, a growing trend towards advancing the vehicles by making it autonomous, and market entry of technology-driven companies like Apple and Google are some of the major factors that are proliferating the growth of the active safety sensors in the automotive industry. Organic growth of the automotive industry further substantiates the demand for active safety sensors in the automotive industry.

The automotive industry is trending towards autonomous vehicles. In the current scenario, vehicles have reached second generation or L2 (Level 2), which is partial automation, whereas Level 4 and level 5 are full automation. Increasing demand for autonomous vehicles is likely to spur the demand for active safety sensors in the automotive industry in the coming years.

The market is segmented based on the vehicle type as passenger car, LCV, and M&HCV. Passenger car is expected to remain the growth engine of the market during the forecast period. High production of cars coupled with an increased adoption of active safety systems is driving the segment. Passenger car has been undergoing the most disruptive advancements with the targeting areas are electric vehicles, autonomous vehicles, and enhancements in fuel efficiency. Active systems are going to play a mammoth role in achieving such areas.

Based on the sensor type, the market is segmented as radar sensor, LiDAR sensor, camera sensor, and others. Radar is expected to remain the dominant sensor type in the market during the forecast period. The sensor type is also likely to grow at an impressive rate in the same period. Radar sensors have longer and higher resolution properties that allow them to easily distinguish between multiple objects in real time. They are also not very much affected by environmental conditions, such as lighting, weather, and particles. These factors are some of the key whys and wherefores for higher growth of radar sensors as compared to other sensors. Another factor evoking interest towards the usage of radar sensors is its large-scale adoption in ADAS (Advanced Driver Assistance Systems) technologies.

Based on the application type, the market is segmented as braking system, adaptive cruise control, blind spot detection, lane departure warning, and others. Braking system is expected to remain the most dominant segment of the market during the forecast period and is also likely to grow at an impressive rate during the same period.
In terms of region, Europe is expected to remain the largest automotive active safety sensors market during the forecast period, owing to the high adoption of active safety systems to address the stringent regulations of safety standard of Euro NCAP (New Car Assessment Programme) and increasing the share of autonomous and semi-autonomous vehicles in the region.

Asia-Pacific is likely to experience the highest growth during the same period. Japan and China are the growth engines of the Asia-Pacific’s market for active safety sensors. Currently, both countries collectively account for more than 65% share of the Asia-Pacific’s market and are likely to grow at an impressive rate during the forecast period.

Key Players of the Market

The market is consolidated in nature with five major players Aptiv PLC, Veoneer, Continental AG, Denso Corporation, Infineon Technologies AG holding together the major share in the market, with Aptiv PLC being the key player.

Other important firms are Robert Bosch GmbH, Valeo Group, Velodyne LiDAR, Inc., ZF Friedrichshafen AG.

Features of the Report

The Report discusses about the working of the Active Safety Sensors, the various types, and the growth of the Active Safety Sensors in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

Know more about us and our reports:

Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.

This release was published on openPR.