(MENAFN- America News Hour) The automotive sensors market is growing due to development in
LiDAR and RADAR components. Light detection and range-sensing methods are used
to aid automated and self-driving car systems. LiDAR provides ADAS with a
360-degree visibility and accurate depth information about nearby obstacles.
Major autonomous vehicle manufacturers including Baidu and Uber are deploying
RADAR and LiDAR components in their ADAS systems.
An increase in the government regulations and compulsory
standards related to the driver, vehicle, and road safety will further create
opportunities for the automotive sensors market growth. For instance, the
National Highway Traffic Safety Administration (NHTSA) set a regulation on the
compulsory deployment of backup cameras in automobiles from May 2018. The
regulatory standard was the result of increasing accident cases in the U.S. due
to the careless reversing of vehicles.
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In the automotive sensors market, safety & control
applications are witnessing high development owing to the growing deployment in
autonomous, semi-autonomous, and luxury vehicles. These systems aid in vehicle
sensing and monitoring the speed in cases of accidents. In modern vehicles, the
safety applications are deployed in the lane management systems to alert the
drivers in maintaining the lane while driving.
The automotive sensors market to witnesses substantial demand
for image sensors owing to the incorporation in lighting & imaging systems
in modern vehicles. They offer enhanced assistance to night-vision &
camera-enabled applications such as emergency braking, video mirrors, and
driver monitoring in the automobile. The powertrain application in
the automotive sensors industry is expected to grow rapidly over forecast years
due to the provisioning of level, position, and speed data to these systems.
Sensor manufacturers have developed a specific powertrain segment in their
product portfolio, which will offer application-specific components.
Passenger cars in the automotive sensors
market have witnessed a rapid growth due to applications in several basic and
advanced vehicle systems such as the chassis, safety, telematics, etc. These
cars have a high demand across the globe owing to improvements in the consumer
lifestyle and price flexibilities suitable for all consumer segments. Another
factor attributing to the demand is the provision of technical vehicle
advancements and safety features at reasonable prices. Heavy commercial vehicles
also deploy a variety of sensing components, further contributing to the
industry growth. These vehicles use the sensors mainly in the telematics, night
vision, and infotainment systems. Night vision systems essentially deploy
imaging sensors that aid drivers in controlling the speed and facilitates easy
night driving.
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Europe is expected to cover a substantial share in the
automotive sensors market in the coming years. This growth is attributed to the
presence of major luxury car manufacturers in the region including Audi and
BMW, among others. All modern and luxury vehicles deploy many sensing
components that add up to the automotive sensors development. The supportive EU
standards and initiatives for road safety and development of the European
automotive sector are driving the industry growth.
Key players operating in the automotive sensors market include
Continental AG, TE Connectivity, Delphi Automotive PLC, NXP Semiconductor,
Denso Corporation, Samsung, Infineon Technologies, Bosch Group, ZF
Friedrichshafen AG, and Analog Devices. Major companies are developing
efficient product innovations and supply chain management strategies to cater
to the increasing demands from the automotive sector.
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Our business intelligence and industry research reports offer clients with
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and biotechnology.
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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