Vehicle Sensors (Automotive Sensors ) Market to Witness Huge Growth by Key Players: Continental, Delphi Automotive, DENSO, NXP Semiconductors

Different types of sensors in a car and their functions

The latest research on Vehicle Sensors (Automotive Sensors) Market report covers forecast and analysis on global, regional and country level. The study provides historical information from 2016-2020 along with a forecast from 2022 to 2027 supported by both volume and revenue ($ million). The comprehensive study covers the key drivers and restraints for the Vehicle Sensors (Automotive Sensors) market. This report included a special section on the impact of COVID19. Furthermore, the Vehicle Sensors (Automotive Sensors) market (by Major Key players, by Types, by Applications, and Leading Regions) segment outlook, business assessment, competition scenario, and trends.

The Vehicle Sensors (Automotive Sensors) Market is expected to register a CAGR of about 7.5%, during the forecast period 2022 to 2027

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The report presents the competitive landscape of the market and a corresponding detailed analysis of the major vendors/key players in the market. Leading Companies in Global Vehicle Sensors (Automotive Sensors) Market: – Continental, Delphi Automotive, DENSO, NXP Semiconductors, Robert Bosch, Valeo, Asahi Kasei, Blackcat security, Brigade Electronics, First Sensor AG, Fujitsu Ten, Hella, Ibeo Automotive Systems, Mitsubishi Electric, Nidec Elesys, Nippon Audiotronix, Novariant, Parking Dynamics, Phantom Intelligence, Proxel, PulsedLight, Teledyne Optech, Trilumina, Measurement Specialties, Infineon Technologies, Stmicroelectronics NV, Sensata Technologies

Market Overview:

In vehicles, sensors are essential parts of electronic control systems. They are used to track various vehicle parameters, including fuel consumption, pollution, and airbag deployment, to name a few. Various sensors such as oxygen sensor, temperature sensor, mass air flow sensor, speed sensors, and coolant sensors are widely used in the automotive industry. Sensors ensure efficient and safe vehicle operation by detecting, analyzing and monitoring the performance of the vehicle’s internal and external environment.

Recent development:

June 2020 – Vitesco Technologies, the powertrain division of Continental AG, has developed a partnership with ROHM Semiconductor, a silicon carbide power device. Vitesco plans to use this technology in high-power electronics for electric vehicles.

April 2020 – Infineon Technologies acquires Cypress Semiconductor, a leading semiconductor design and manufacturing company. The acquisition will expand its automotive semiconductors, sensors and microcontrollers, among other applications.

January 2020 – Robert-Bosch GmbH, a company based in Germany, became the first company to launch long-range lidar sensors, the first lidar system suitable for automotive use.

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This report segments the market on the basis of types are:

lidar sensor
camera module sensor
GPS receiver
IMU sensor
wheel encoder
ultrasonic sensor
digitally controlled brake

Based on the application, the market is segmented into:

security and control

Regional Analysis for Vehicle Sensors (Automotive Sensors) Market:

For a comprehensive understanding of market dynamics, the Global Vehicle Sensors (Automotive Sensors) Market is analyzed across key geographies, namely:

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, and South Africa)

The Asia Pacific market size stood at USD 5.52 billion in 2020 and is anticipated to reach USD 8.51 billion in 2028 with a CAGR of 6.77% over the forecast period. The Asia Pacific market is characterized by rising disposable incomes for the middle class and cost benefits for OEMs, such as low automotive production costs and the availability of low-cost labor.

Due to the closure of assembly plants in North America and Europe, 2.5 million passenger cars were withdrawn from production schedules. These are widely used in passenger cars for functions such as tire pressure and fuel pressure monitoring. Therefore, the decrease in production translates directly into a considerable loss of sales and profitability in 2020, reducing the investment in R&D of the key players in the market.

Each of these regions is analyzed on the basis of market findings in major countries in these regions for a macro-level understanding of the market.

Key Highlights of Vehicle Sensors (Automotive Sensors) Market:

Market Overview: The report begins with this section in which product overview and key content about product and application segments of the global Halal Food Market are provided. The highlights of the segmentation study include price, revenue, sales, sales growth rate, and market share by product.

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Competition by company: Here, we analyze the competition of the Global Vehicle Sensors (Automotive Sensors) Market, By company price, revenue, sales, and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of the main companies. .

Company profile and sales data– As the name suggests, this section provides sales data and useful information about the business of key players in the global Vehicle Sensors (Automotive Sensors) Market. It describes gross margin businesses, price, revenue, products, and specifications, types, applications, competitors, manufacturing base, and key players operating in the global Vehicle Sensors (Automotive Sensors) Market.

market forecastHere, the report provides a complete forecast for the Global Vehicle Sensors (Automotive Sensors) Market by product, application, and region. It also provides global sales and revenue forecasts for all years in the forecast period.

Research results and conclusion: One of the last sections of the report where the findings and findings of the analysts are provided.

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