Know About Covid-19 Impact on Automotive Sensors Market | Insights on Size, Share, Demand, Trends & Key Players

While vehicles have had a huge positive impact on lives of human beings, their safety has always been a cause for concern. The rising number of road accidents, most of which are related to the inattentiveness of the driver, have made things worse across the globe. Because of this, governments of several countries have implemented strict laws regarding the integration of safety features in vehicles, which, in turn is resulting in the increasing demand for automotive sensors. These intelligent sensors can be utilized for controlling and processing the temperature, coolant levels, pressure of oil, and level of emission. Moreover, automotive sensors effectively recognize a problem and solve the ones that can be solved.

Market Key Players are:
1- Robert Bosch GmbH
2- DENSO CORP.
3- Valeo SA
4- Panasonic Corp.
5- OmniVision Technologies Inc.
6- ON Semiconductor Corp.
7- Sensata Technologies Holding plc
8- TE Connectivity Ltd.
9- NXP Semiconductors N.V.
10- Analog Devices Inc.
11- Continental AG
12- Delphi Technologies PLC

The major function of automotive sensors is to make the vehicle and roads safer for drivers as well as pedestrians. Owing to these factors, the global automotive sensors market is expected to attain a value of $58,215.3 million in 2030, growing from $25,723.8 million in 2019, advancing at a 7.4% CAGR during the forecast period (2020-2030). Different types of automotive sensors are level sensors, pressure sensors, gas sensor, torque sensors, optical sensors, oxygen sensors, motion sensors, position sensors, and temperature sensors.

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Market Segmentation by Type

Pressure Sensor
Temperature Sensor
Position Sensor
Oxygen Sensor
Motion Sensor
Optical Sensor
Torque Sensor
Gas Sensor
Level Sensor
Others
Market Segmentation by Application

Advanced Driver-Assistance System (ADAS)
Radar
Light detection and ranging (LiDAR)
Camera
Ultrasonic
Powertrain
Chassis
Body
Market Segmentation by Technology

Micro-Electromechanical System (MEMS)
Non-MEMS
Market Segmentation by Vehicle Type

Passenger Car
Conventional fuel car
Alternative fuel car
Commercial Vehicle
Light commercial vehicle (LCV)
Medium and heavy commercial vehicle (M&HCV)
Market Segmentation by End Use

Original Equipment Manufacturer (OEM)
Aftermarket

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Automotive sensors have various applications, including powertrain, body, chassis, and advances driver-assistance system (ADAS), which further includes ultrasonic, light detection and ranging, radar, and camera. Due to the larger usage of powertrain sensors in alternator of traditional internal combustion engine vehicles, engine, and transmission, their requirement was higher in the past. this being said, the demand for automotive sensors for ADAS application is expected to increase considerably in the years to come, as certain ADAS features have been made mandatory to be integrated in the vehicles that are being produced in a number of countries.

In conclusion, the demand for automotive sensors is growing for increasing the safety on roads and providing an improved driving experience.

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This release was published on openPR.