Press release
Mounting ADAS Sensors Demand Boosting Automotive Sensors Market Growth
Automotive Sensors Market Share, Size, Growth and Demand Forecast to 2030
Request to Get the Sample Pages: https://www.psmarketresearch.com/market-analysis/automotive-sensors-market/report-sample
The surging demand for ADAS sensors, on account of the increasing adoption of autonomous features in vehicles, will support the market growth in the foreseeable future. Autonomous features such as speech recognition, virtual assistance, eye tracking, gesture recognition, natural language interface, and driver monitoring are highly dependent on advanced automotive sensors. Moreover, the development of the ADAS, including driver condition evaluation systems, radar-based detection units, camera-based machine vision systems, and sensor fusion engine control units (ECUs), also drives the demand for ADAS sensors.
This is mainly because of the fact that a majority of the technological innovations and advancements taking place in the automotive sector such as autonomous driving and electrification, are first implemented in the passenger vehicles, on account of their higher utilization all over the world. The major application areas of these sensors are ADASs, chassis, powertrain, and body. Amongst these, the usage of the sensors will be the highest in the ADASs in the forthcoming years, primarily because of the mandatory requirement of certain ADAS features in vehicles in several countries around the world.
Geographically, “the automotive sensors market registered the highest growth in the Asia-Pacific (APAC) region in the last few years”. Furthermore, the market will demonstrate the fastest growth in the APAC region in the future years. This is attributed to the high automobile manufacturing capacity of China and the rapid development of advanced autonomous and electric vehicles in the country. The increasing production of such advanced vehicles is creating huge demand for automotive sensors in the country.
Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-sensors-market
Hence, it can be said with surety that the sales of automotive sensors will surge all over the world in the upcoming years, mainly because of the growing popularity of autonomous and electric vehicles and the rising requirement of ADASs and other systems in vehicles across the world.
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
Market Segmentation by Region
North America Automotive Sensors Market
By type
By application
By technology
By vehicle type
By end use
By country – U.S. and Canada
Europe Automotive Sensors Market
By type
By application
By technology
By vehicle type
By end use
By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC) Automotive Sensors Market
By type
By application
By technology
By vehicle type
By end use
By country – China, Japan, India, and Rest of APAC
Latin America, Middle East, and Africa (LAMEA) Automotive Sensors Market
By type
By application
By technology
By vehicle type
By end use
By country – Brazil, Mexico, and Rest of LAMEA
This study covers
1. Historical and the present size of the Automotive Sensors Market
2. Future potential of the market through its forecast for the period 2020– 2030
3. Historical and the present size of the market segments and understand their comparative future potential
4. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
5. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
6. Major players operating in the market and their service offerings
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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 Mounting ADAS Sensors Demand Boosting Automotive Sensors Market Growth here
News-ID: 2493806 • Views: …
More Releases from P&S Intelligence
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media.
In order to pace up the 4th industrial revolution, businesses across various industries…
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG.
North America will grow the fastest with a rate of 10.5% in…
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.
Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls…
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities…
More Releases for Sensor
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
Sensor Market to Reach $ 190.95 Billion By 2022: Optical sensor, Image Sensor, T …
Industry Trend Analysis:
Sensor Market is expected to experience significant growth in coming years between 2014 and 2022. The market is expected to reach $190.95 billion by 2022 at a growing CAGR of 9.14%. Increasing application in automotive application, collision prevention, healthcare monitoring and oil platforms will enhance the growth of sensor market in the upcoming years. In addition, growing application of sensors in military and surveillance, transportation and logistics will…
Motion Sensor Market Revenue Forecast 2015 - 2023 Microwave Sensor, Infrared Mot …
Research report on "Motion Sensor Market (By Types - MEMS Magnetometer, MEMS Accelerometer, MEMS Gyroscope and Sensor Combos By Technology Types - Microwave Sensor, Infrared Motion Sensor, Tomographic Sensor, Ultrasonic Sensor and Others By Application Type - Industrial Application, Consumer electronics, Automotive Application, Fitness and Wellness, Healthcare, Aerospace and Defense and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023"
Motion sensor is a device that…
