(MENAFN- GlobeNewsWire - Nasdaq) Key Players - Robert Bosch GmbH, Honeywell International Inc., TE Connectivity Ltd., Siemens AG, Continental AG, STMicroelectronics N.V., Analog Devices, Inc., Infineon Technologies AG, Kistler Group, Ametek, Inc., Omron Corporation, Murata manufacturing Co., Ltd., Eaton Corporation, Bourns, Inc., NXP Semiconductors N.V., Vishay Intertechnology, Inc., MTS Systems Corporation, First Sensor AG, PCB Piezotronics, Inc., Cypress Semiconductor Corporation.
Luton, Bedfordshire, United Kingdom, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Global Automotive Piezoelectric Sensor Market which have been slid into a multipage report of over two hundred pages with ample data available for business strategists to take proper informed decisions targeted at achieving cloud efficiency that takes care of changing competitive dynamics across geography.
The global automotive piezoelectric sensor market size is projected to grow from USD 2.0 billion in 2023 to USD 3.01 billion by 2030, exhibiting a CAGR of 6% during the forecast period. This growth means Compound Annual Growth Rate (CAGR) of 6% during the forecast period of 2024 to 2030.
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The Latest News about Advanced Process Control Market
October 9, 2024: Bosch came up with the road hazard service that is very useful to cars, including trucks. This cloud-based system is planned to be implemented for passenger car from June 2024 and for Mercedes-Benz Trucks from December 2024. It also provides alerts concerning adverse road conditions such as; Frozen surface of the road, foggy conditions, Accidents scenes and vehicles on the wrong side of the divide. As per Dr. Markus Heyn this traffic predictive service not only makes the potential motorists informed about the probable ghastly occurrence beforehand which in turn minimizes the chances of occurrence and in addition assists the drivers largely in re-routing the 'commercial' car.
September 17, 2024: STMicroelectronics announced that the STSAFE-TPM trusted platform modules are now FIPS 1403 compliant, offering higher levels of cryptographic security for computers, servers and other embedded systems. The above TPMs are for protecting CSs, and they are very secure that comes with different support like IoT devices and medical ones. According to Laurent Degauque this certification prepares their TPMs for new designs for boot assurance as well as for remote trustworthy attestation in conjunction with the enhanced crypt Asset protection. Therefore, the STSAFE-TPM devices are now ready for high secure applications to spread in vastly different areas in the future.
September 17, 2024: Infineon Technologies launched the SECORA Pay Bio which is a biometric payment card that enables secure contact less payments. This card that measures 85. However, plan that was launched in 2000s was maize helping the client reach its goal of selling its products in new markets through increasing elements a long-term strategic plan that was put in place in the 2000'. 5 mm x 54 mm x 0. 82mm, complies with Visa & master card form factor and with Infineon SLC39B secure element having a built-in fingerprint scanner enables payments to be made via fingerprints. In turn, Tolgahan Yildiz stresses on the scalability and efficiency of the offered solution as well as on the forecasted high growth of the market of biometric cards, in particular, 113. It had predicted that within the next six to seven years, that is by the year 2028, it will be in a position to sell as many as 3 million units. The new technology provides improved security against frisk as well as ease in the production process while at the same time making the cards more reliable.
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Automotive piezoelectric sensor market can be considered as an essential category of the automotive sector, which deals with the sensors that convert the mechanical stress and vibrations into electrical signals. As for this technology, it helps to enhance vehicle performance, safety and efficiency, offering significant data for a range of uses. At present the market is growing at a rapid pace due to higher demand for enhancing vehicle dynamics and safety rules and regulations. Other key applications of Piezoelectric sensors include Engine management, air bag control and Suspension systems to give real time information improving the general performance and safety of the vehicle.
The market today is further strengthened by the increasing use of electric automobiles, and enhanced driving assist system where these sensors are indispensable for enhancing energy consumption efficiency and lowering exhaust emissions. towards the future, automotive piezoelectric sensor market is envisaged to experience considerable growth given the projections on the impacts of technology integration and adoption of smart sensor systems into automobiles. Some of the factors driving this market are; growing consciousness of vehicle safety, increasing demand for better fuel economy, and the increasing interest in electric vehicles that use advanced sensor systems for efficient functioning. In the ever-changing auto industry, piezoelectric sensors shall continue playing a vital role in creating new solutions that satisfy ever high expectations of drivers and changing regulations.
Sustained expansion is expected in the next years as sensing technologies are advancing every time further and more attention is being paid to environmentally friendly vehicles and vehicle safety. Altogether, the automotive piezoelectric sensor market is all set to become one of the key drivers that defines the future of mobility through innovations that are focused towards developing safer, efficient, and eco-friendly automobiles.
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Key Players
Robert Bosch GmbH Honeywell International Inc. TE Connectivity Ltd. Siemens AG Continental AG STMicroelectronics N.V. Analog Devices, Inc. Infineon Technologies AG Kistler Group Ametek, Inc. Omron Corporation Murata Manufacturing Co., Ltd. Eaton Corporation Bourns, Inc. NXP Semiconductors N.V. Vishay Intertechnology, Inc. MTS Systems Corporation First Sensor AG PCB Piezotronics, Inc. Cypress Semiconductor Corporation
Market Dynamics
The Power of Safety-Driven innovation in automotive Technology – Let Loose
A tremendous interest in improving safety and new requirements from buyers and regulatory authorities have been observed over the recent years in specifically the automotive industry. This developing concern for security is driving the new technologies application, such as piezoelectric sensors. These innovative devices are useful for detecting vital parameters like vibration, pressure and acceleration and necessary for collecting data for example in the airbag systems or the ADAS. Used extensively in a wide range of automotive applications to improve safety, the manufacturers are incorporating these sensors into vehicles to guarantee safety, which will propel the growth of the piezoelectric sensor market.
Facing the Problems of Single and Multiple Component Inventory Management
The automotive piezoelectric sensor market has tremendous opportunities, which, at the same time, are challenged by flawed stock management systems. A frequent challenge that many manufactures face is the ability to strike the right balance on their inventory stock which they use in their production processes and if they get it wrong, they end up facing losses through time delayed production times and low operational effectiveness. Lack of proper inventory control delays the procurement of certain parts needed in building automobiles with state-of-art sensors, and in the deployment of such vehicles. Furthermore, this will complicate logistics since different sensors have their strengths in different platforms, adding to the problem of managing different types of sensors. Solving these problems of inventory management is critical for manufacturers who would like to improve the supply chain and maximize the potential of automotive piezoelectric sensors market.
Optimizing the Era of Electric and Self-driving Technology to Drive the Sensor Innovation
The rising trends of electric and self-driving cars are expected to be a huge plus for the growth of the automotive piezoelectric sensor market. Given that these developments are progressing steadily and turning more and more into intelligent vehicles for optimal performance and safety, piezoelectric sensors may function as effective means of tracking vital indicators, from the battery state to the external climate. The lightweight and small size of these devices makes their incorporation into next generation vehicle systems favorable.
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Market Segmentation of Automotive Piezoelectric Sensor Market
Automotive Piezoelectric Sensor Market by Type, 2020-2030, (USD Billion) (Thousand Units)
Piezoelectric Accelerometers Piezoelectric Pressure Sensor Piezoelectric Force Sensors Others
Automotive Piezoelectric Sensor Market by Application, 2020-2030, (USD Billion) (Thousand Units)
Truck Car Motorcycle Others
Automotive Piezoelectric Sensor Market by Region, 2020-2030, (USD Billion) (Thousand Units)
North America Europe Asia Pacific South America Middle East and Africa
Regional Analysis
The demand for the piezoelectric sensor in the Asia Pacific is dominating the global automotive piezoelectric sensor market due to the growth of automotive industries and the widespread implementation of automation. The major countries that dominate this market include China, Japan, South Korea and India that cumulatively make up a large portion of the market. This leadership is as a result of increasing in industrial automated systems and new safety measures that governments of these nations have put forth. North America is also involved especially the US through stressing on the facet of safety of vehicles through policy frameworks. These regulations spur the use of smart sensing technologies hence increasing demand for piezoelectric sensors for vehicle stability systems.
Particularly, this commitment to safety assists consumer and has the effect of increasing the overall standard of industrial practices. The result of these changes is considerable in both areas. In Asia-Pacific, the growth of the automotive industry requires many vehicle parts, piezoelectric sensors, as well as automation systems. With this it accelerates investment in new technologies and enhances the status of the region as the manufacturing powerhouse. In North American region, precautionary measures are promoted to higher standards making companies to come up with enhanced sensing technologies that enhances the performance of the vehicles. In future, the market of piezoelectric sensor in automotive seems promising particularly in Asia-Pacific region. There are efforts by the emerging economies to come up with new laws that are calling for the inclusion of electronic vehicle stability system which is expected to fuel the market expansion. That is why both regions are expected to experience consistent demand and developments in this important area as regulations on safety increase constantly.
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