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Automotive Sensor Market Size to Surpass US$ 44.2 Bn by 2026LOS ANGELES, March 2, 2020 /PRNewswire/ -- The automotive sensors market is anticipated to surpass around US$ 44.2 Billion by 2026, at approximately 7% CAGR.  A wide range of applications are expected to meet demand for automotive sensors. Micro-engineered silicon devices such as Micro Electro-Mechanical Systems (MEMS) and other solid state technologies will grow rapidly, resulting in low cost high-effective sensors for an increasing variety of physical and chemical variables. Industry data reveal that crash avoidance; security and safety systems are the fastest growing automotive sensor segment. Some of the major segments include the drivetrain system, passenger comfort & convenience, control & safety of vehicles, emission control and future vehicle sensors such as hybrid & hydrogen fuel cell. Free Download Sample Report Pages for Better Understanding@ https://www.acumenresearchandconsulting.com/request-sample/1097 The safety systems for vehicles are designed to safeguard passengers from accidents. They are classified into passive/primary, and active/secondary systems. In effective passive safety systems, many sensors are used, suitable for alerting the driver. Sensors, particularly in the automotive industry, are becoming an integral part of technological advancement. In developing economies, automotive production in comparison with developed economies is rapidly growing due to increasing urbanization and stable economic conditions. With rising safety concerns for consumers in India and ASEAN countries, more sensors are being incorporated into low-cost vehicles by manufacturers. This is the key factors likely to drive the demand for automotive sensors in the forecast period. The major factor spurring the market growth at a high rate due to stringent regulation of government which are mandatory the integration of technologies and devices to make sure the safety of passenger and driver while driving. Also, robust growth for the adoption of advanced driver assistance system (ADAS) in new vehicles is the major factor anticipated to grow the automotive sensors market. Furthermore, the use of automotive sensors plays a major role in controlling and monitoring physical processes if any changes occur in the automobiles. The high adoption for automotive sensors is projected to the changing approach of the people towards the safe driving. View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/automotive-sensors-market The government of India has made the mandatory installation of some automotive sensors which has increased the usage and demand of automotive sensor in Indian automotive market. For instance, the Union Road Transport Minister has permitted that the seat belts, airbags, and alert system for speeds above 80 kmph, reverse parking sensors, and a manual override of the central locking mechanism for emergencies should be installed for all cars produced after 1 July 2019. High-value sensing modules such as RADAR, LIDAR, and imaging are quickly integrated in automotive systems. The arrival f electric vehicles will change the quantity and distribution of pressure and magnetic sensors within the car significantly over the long term. Further electric cars would result in fewer pressure sensors and an increase in magnetic sensors to track the battery, position and detect moving parts. Finally, one of the most rapidly changing eras in history is the automotive world. Sensor suppliers are now engaged in a competition in which they have to prepare their cars for the golden age of the automotive world. Lidar sensor is most important sensor for an autonomous automotive vehicle. Companies like Alphabet, Toyota and Uber rely heavily on Lidar to find self-driving vehicles on detailed maps and to identify such things as pedestrians and other vehicles. Currently, the Lidar and Radar sensors cost thousands of dollars and are limited to niche markets. Major players like Ford and Baidu invests into self-driven cars, while Velodyne, the world's leading manufacturer of Lidar to develop a production unit in San Jose, together have invested $150 million. As a result, Velodyne has achieved breakthrough technology that could be manufactured at very low cost to build Lidar sensors and Quanergy announced that it would produce Lidar solid state sensors at a Massachusetts facility for a targeted cost of $250. Related Reports
Most common innovations in automotive sensors Autonomous vehicles: Automobiles with laser beams, cameras and actuators. Every driver is required to sit in the car and provide oral or touch screen instructions and the car drives to the desired destination on it's own. Versatile cruise control: aims to take the driving experience out of worry. This uses a chain of built-in sensors, which is special to regulate the car's speed in automatic mode. Key Players The players profiled in the report Continental AG, Robert Bosch GmbH, Analog Devices, Inc., STMicroelectronics, Sensata Technologies, Inc., DENSO Corporation, Delphi Automotive PLC, Infineon Technologies AG, and among others. Key Takeaway
Market Segmentation Market By Sensor Type
Market By Vehicle Type
Market By Application
Market By Geography
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