Post by nehu452 on Mar 1, 2022 13:39:01 GMT
The global automotive sensors market size is projected to reach USD 15.6 billion by 2028 and exhibit a CAGR of 6.38% during the forecast period. The rising demand for modern safety, comfort, and technological features is expected to boost the market's growth. Moreover, the rising popularity and adoption of autonomous vehicles in the coming years may surge the growth of the market. Fortune Business Insights™ has presented this information in its report titled, “Automotive Sensors Market, 2021-2028”. The market size stood at USD 10.44 billion in 2020.
Click Here to get Copy of Report: www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-sensors-market-101690
Key Players in the Global Market are:
Robert Bosch GmbH
Infineon Technologies AG
STMicroelectronics
Continental AG
Denso Corporation
NXP Semiconductors
Texas Instruments Incorporated
Allegro Microsystems, LLC
CTS Corporation
Elmos Semiconductor
Sensata Technologies
Drivers & Restraints-
Rising Adoption of Autonomous Vehicles to Augment Market Growth
Manufacturers incorporate non-contact 3D magnetic sensors to replace the optical systems or potentiometers that use conventional position-sensing methods. These sensors improve driver concentration by eliminating manual control functions, including infotainment and vehicle lighting. Hence, the rising adoption of such advanced technologies is likely to boost the global automotive sensors market growth. Additionally, the emphasis on comfort and safety has increased in recent years. The growing demand for connected vehicles, new technology features, and new energy vehicles is expected to boost the market's growth.
Autonomous vehicles have gained striking growth due to technological advancements and the growing consumer awareness for autonomous vehicles. The increasing adoption of automotive sensors and vehicles is likely to amplify market growth in the coming years.However, the high costs of automotive sensors due to low production may hinder the market growth.
Competitive Landscape-
Key Players Launch New Products to Garner Growth in the Market
The market is fairly competitive, and NXP Semiconductors, Infineon Technologies AG, Robert Bosch GmbH, and STMicroelectronics comprise the key players in the global market. The key players emphasize increased research and development activities to produce high-performance and low-power-consuming sensors. The key players focus on developing new products, patents, technological advancements, collaborations, acquisitions, mergers, and others to generate greater revenues and improve their market presence. For instance, Melexis unveiled next-generation current sensors for automotive power-conversion applications in June 2021. The sensors possess beneficial attributes such as integrated over-current detection circuity, increased resolution, and 3.3V or 5V operation capabilities.
Have Any Query? Ask Our Experts: www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-sensors-market-101690
Industry Developments-
June 2021: Navya and Valeo extended their industrial and technological collaboration for autonomous shuttles. Navya will share the functional and technological data gathered during experiments, and Valeo will furnish Navya with sensors that enable vehicles to comprehend their surroundings.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US : +1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Click Here to get Copy of Report: www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-sensors-market-101690
Key Players in the Global Market are:
Robert Bosch GmbH
Infineon Technologies AG
STMicroelectronics
Continental AG
Denso Corporation
NXP Semiconductors
Texas Instruments Incorporated
Allegro Microsystems, LLC
CTS Corporation
Elmos Semiconductor
Sensata Technologies
Drivers & Restraints-
Rising Adoption of Autonomous Vehicles to Augment Market Growth
Manufacturers incorporate non-contact 3D magnetic sensors to replace the optical systems or potentiometers that use conventional position-sensing methods. These sensors improve driver concentration by eliminating manual control functions, including infotainment and vehicle lighting. Hence, the rising adoption of such advanced technologies is likely to boost the global automotive sensors market growth. Additionally, the emphasis on comfort and safety has increased in recent years. The growing demand for connected vehicles, new technology features, and new energy vehicles is expected to boost the market's growth.
Autonomous vehicles have gained striking growth due to technological advancements and the growing consumer awareness for autonomous vehicles. The increasing adoption of automotive sensors and vehicles is likely to amplify market growth in the coming years.However, the high costs of automotive sensors due to low production may hinder the market growth.
Competitive Landscape-
Key Players Launch New Products to Garner Growth in the Market
The market is fairly competitive, and NXP Semiconductors, Infineon Technologies AG, Robert Bosch GmbH, and STMicroelectronics comprise the key players in the global market. The key players emphasize increased research and development activities to produce high-performance and low-power-consuming sensors. The key players focus on developing new products, patents, technological advancements, collaborations, acquisitions, mergers, and others to generate greater revenues and improve their market presence. For instance, Melexis unveiled next-generation current sensors for automotive power-conversion applications in June 2021. The sensors possess beneficial attributes such as integrated over-current detection circuity, increased resolution, and 3.3V or 5V operation capabilities.
Have Any Query? Ask Our Experts: www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-sensors-market-101690
Industry Developments-
June 2021: Navya and Valeo extended their industrial and technological collaboration for autonomous shuttles. Navya will share the functional and technological data gathered during experiments, and Valeo will furnish Navya with sensors that enable vehicles to comprehend their surroundings.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US : +1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com