• About
  • Advertise
  • Privacy & Policy
  • Contact
Tech Times Media
  • Home
  • Review
    Open Lines of Communication Between School and Home

    Open Lines of Communication Between School and Home

    My Divorced Crybaby Neighbour

    Top Tier Providence – Secretly Cultivate For a Thousand Years

    Top Tier Providence – Secretly Cultivate For a Thousand Years

    The Best Cartoon Series

    The Best Cartoon Series

    Grace suit

    Grace suit As January is almost at an end soon

    total environment real estate

    3 Essential Tips for Creating a Total Environment Real Estate Strategy

  • Gaming
    Online Slot

    The Influence of Themes in Online Slot Games

    spaceman-casino

    Into the Casino Cosmos: Spaceman’s Galactic Transformation

    Landmark-Casino

    Landmark Casino Uncovered: Unraveling Rewards and More

    Signature-Casino-Address

    Signature Casino: The Ultimate Gaming Destination

    Evolution-Site

    Evolution Casino: Your One-Stop Gaming Destination

    Online Casino

    The Rise of Online Casinos Exploring the Evolution of Gambling in the Digital Age

  • Gear
    • All
    • Laptop
    HP Laptop

    Pros and Cons of Free Laptops for College Students

    HP Laptop

    What Are the Things to Consider Before Buying a Laptop?

    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Explaining the Hoodie and Sweatshirt 

    Explaining the Hoodie and Sweatshirt 

    laptop repair shop

    Benefits of Visiting a Professional Laptop Repair London

    Buying a Designer Watch

    Tips to Help you when Buying a Designer Watch

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers
    A COMPLETE GUIDE OF DRIFT SCOOTER 2023

    A COMPLETE GUIDE OF DRIFT SCOOTER 2023

    PC Macintosh

    Changing From a PC to a Macintosh

    How to Make Money Online

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    Local Marketing

    Local Marketing Guide – How to Optimize Your Google Business Profile for Greater Visibility and More Leads?

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

  • Applications
    tiktok video downloader

    Download TikTok Videos Effortlessly with tiktok video downloader without watermark

    FACEBOOK AND INSTAGRAM ADVERTISING

    HOW MUCH DOES FACEBOOK AND INSTAGRAM ADVERTISING ACTUALLY COST?

    Soap Packaging Boxes

    The Best Soap Packaging Boxes

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    offshore ASP.NET development

    The Advantages of Offshore ASP.NET Development for Startups and Small Businesse

    randm tornado 7000

    RandM Tornado 7000 Disposable Vape – Uni Vapez

  • Security
    Secure Future

    Top 4 Approaches for a Secure Future

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    VPN For Free

    How To Use a VPN For Free?

    Door Entry Installation Contractors

    Door Entry Installation: Secure Your Property, Finance and Life

No Result
View All Result
  • Home
  • Review
    Open Lines of Communication Between School and Home

    Open Lines of Communication Between School and Home

    My Divorced Crybaby Neighbour

    Top Tier Providence – Secretly Cultivate For a Thousand Years

    Top Tier Providence – Secretly Cultivate For a Thousand Years

    The Best Cartoon Series

    The Best Cartoon Series

    Grace suit

    Grace suit As January is almost at an end soon

    total environment real estate

    3 Essential Tips for Creating a Total Environment Real Estate Strategy

  • Gaming
    Online Slot

    The Influence of Themes in Online Slot Games

    spaceman-casino

    Into the Casino Cosmos: Spaceman’s Galactic Transformation

    Landmark-Casino

    Landmark Casino Uncovered: Unraveling Rewards and More

    Signature-Casino-Address

    Signature Casino: The Ultimate Gaming Destination

    Evolution-Site

    Evolution Casino: Your One-Stop Gaming Destination

    Online Casino

    The Rise of Online Casinos Exploring the Evolution of Gambling in the Digital Age

  • Gear
    • All
    • Laptop
    HP Laptop

    Pros and Cons of Free Laptops for College Students

    HP Laptop

    What Are the Things to Consider Before Buying a Laptop?

    Car Shipping

    Everything You Need to Know About Car Shipping Quote

    Explaining the Hoodie and Sweatshirt 

    Explaining the Hoodie and Sweatshirt 

    laptop repair shop

    Benefits of Visiting a Professional Laptop Repair London

    Buying a Designer Watch

    Tips to Help you when Buying a Designer Watch

    Trending Tags

    • Best iPhone 7 deals
    • Apple Watch 2
    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • iOS 10
    • iPhone 7
    • Sillicon Valley
  • Computers
    A COMPLETE GUIDE OF DRIFT SCOOTER 2023

    A COMPLETE GUIDE OF DRIFT SCOOTER 2023

    PC Macintosh

    Changing From a PC to a Macintosh

    How to Make Money Online

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    Local Marketing

    Local Marketing Guide – How to Optimize Your Google Business Profile for Greater Visibility and More Leads?

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

  • Applications
    tiktok video downloader

    Download TikTok Videos Effortlessly with tiktok video downloader without watermark

    FACEBOOK AND INSTAGRAM ADVERTISING

    HOW MUCH DOES FACEBOOK AND INSTAGRAM ADVERTISING ACTUALLY COST?

    Soap Packaging Boxes

    The Best Soap Packaging Boxes

    broadband monitoring software

    6 Best Broadband Bandwidth Monitoring Software For Analyzing Network Traffic Usage

    offshore ASP.NET development

    The Advantages of Offshore ASP.NET Development for Startups and Small Businesse

    randm tornado 7000

    RandM Tornado 7000 Disposable Vape – Uni Vapez

  • Security
    Secure Future

    Top 4 Approaches for a Secure Future

    Hyper-Converged Infrastructure

    Integration of Hyper-Converged Infrastructure

    VPN For Free

    How To Use a VPN For Free?

    Door Entry Installation Contractors

    Door Entry Installation: Secure Your Property, Finance and Life

No Result
View All Result
Tech Times Media
No Result
View All Result

Booming of Automotive sensor market growth overview

David by David
March 9, 2023
Home Uncategorized

A change in a physical phenomenon, such as pressure, temperature, or speed, can be detect using sensors. The need for sensors has increased dramatically due to technological advancements in the automotive sector. The precise state of the vehicles, such as the oil pressure, temperature, emission level, coolant level, and fuel consumption, are controll and monitor by automotive sensors. Several kinds of car sensors are utilize, including fuel temperature, spark knock, voltage, and mass airflow sensors.

 

In 2021, the market for the automotive sensor was worth USD 23.3 billion, and by 2030 it will reach USD 74.42 billion, growing at a 13.6% CAGR during the forecast period.

 

Market growth is boost by the growing demand for passenger automobiles and the global automotive sector. Due to strict government laws governing car emissions, the adoption of electric vehicles has considerably expanded, encouraging industry expansion. Growing ADAS system demand, technological improvements, and vehicle modernization are other market growth drivers. In the upcoming years, the automotive sensor industry will have development prospects due to new emerging markets, changing consumer demographics, and rising vehicle demand.

 

Market Dynamics

 

Drivers

 

Lower gas prices, lower emissions, and improved national energy security will result from the increasing use of alternative fuels and automobiles. The use of alternative fuel cars will significantly increase demand for automotive sensors.

 

The scope of electrification has also been expand by the incorporation of new systems and technologies into automobiles. The installation of ADAS systems has expanded the use of sensors in autos. The automotive industry has seen a promising increase in vehicle electrification, particularly in the transmission, temperature control, powertrain, safety, and exhaust systems.

 

Restraints

 

Automotive sensors, especially LIDAR sensors, are too expensive for the average person to afford, negatively impacting the industry’s growth. The equipment required for autonomous driving can cost well over $10,000, despite the highest LIDAR sensor utilized by Google and Uber have a price tag of up to $80,000.

 

Opportunity 

 

IMU sensors are in high demand in MEMS (micro-electromechanical systems) and offer high growth prospects in the future. This type of IMU is refer to as a system-in-package, which combines numerous gyroscope and accelerometer sensing elements with an application-specific integrate circuit for signal processing to create an inertial sensor that can quantify up to six degrees of freedom, as well as enable the lateral, longitudinal, and vertical acceleration for linear movements of the vehicle.

 

Market Segmentation 

 

By Type

 

Speed sensors ruled the entire automotive sensor market in 2022. The primary factor stimulating market growth is its use in monitoring and regulating vehicle speed. Speed sensors are the first sensors automakers employ to improve vehicle safety because speed has been identify as the primary factor contributing to the increase in accidents worldwide.

 

By Application

 

On the basis of application, the automotive sensors market is segmented into chassis, vehicle safety & security, powertrain systems, exhaust systems, emission control, and telematics systems.

 

In 2022, the powertrain systems led the entire market with a significant revenue share. The huge number of sensors employed in the powertrain to track speed, location, gas, temperature, and pressure for safe and effective operation is mostly to blame. Furthermore, the development of automotive sensors for use in powertrains is drive by strict emission standards and fuel-efficiency guidelines establish by governments of various nations.

 

Regional Analysis 

 

In 2022, Asia Pacific was the biggest market contributor, with a significant revenue share. It is due to the rising demand for vehicles with improved safety features and rising regional purchasing power. The need for automotive sensors is particularly high in emerging economies in the Asia-Pacific region, including China and India. The region’s large consumer base and efforts to promote the green revolution have expanded the use of sensor technologies, notably in the automotive industry.

 

North America and Europe are two major revenue generators for the market for automotive sensors. Early technological adoption and a high Gross Domestic Product (GDP) are key drivers of the region’s expansion. Also, manufacturers have been compel to incorporate smart sensor technology in automotive vehicles to regulate and monitor gas emissions in the atmosphere due to the growing concern for pollution control and environmental safety.

 

Key Players 

 

  • STMicroelectronics N.V.
  • Sensata Technologies
  • NXP Semiconductor
  • Delphi Automotive Company
  • Infineon Technologies AG
  • Continental AG
  • DENSO Corporation
  • AUTOLIV INC
  • Valeo
  • Robert Bosch

 

In 2021, the market for the automotive sensor was worth USD 23.3 billion, and by 2030 it will reach USD 74.42 billion, growing at a 13.6% CAGR during the forecast period. Growing production of automobiles, increasing vehicle electrification, formulation of strict government regulations and growing demand for safety and comfort in vehicles are primary factors influencing the market growth rate.

 

Read more – wholesale gemstone supplier

Related Reports:

Wearable Injectors Market Report – The global wearable injectors market will witness a robust CAGR of 12.46%, valued at $6.17 billion in 2021, expected to appreciate and reach $17.75 billion by 2030, confirms Strategic Market Research. Wearable injectors (WIs) are delivery systems that adhere to the body and administer greater amounts of medicine (more than 2 mL) intravenously, subcutaneously, and intramuscularly.

Tags: Automotive sensors
David

David

I am a professional writer and blogger. I’m researching and writing about innovation, Blockchain, technology, business, and the latest Blockchain marketing trends.

Next Post
Booming factors of automotive electronic control unit market

Growth analysis of smart kitchen appliances market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

5G signal jammer

5G Signal Jammer: What You Need to Know

April 10, 2023
college professor email list

College Professor Email List: A Guide to Effective Outreach and Engagement

March 10, 2023

Trending.

No Content Available
Tech Times Media

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Categories

  • App
  • Applications
  • Business
  • Computers
  • Fashion
  • Gaming
  • Gear
  • Home Improvement
  • Laptop
  • Lifestyle
  • Microsoft
  • Photography
  • Review
  • Security
  • Tech
  • Uncategorized

Tags

#hoodie All Terrain Robot Market Analysis assignment help automotive electronic bape hoodie Bape Jacket Bape Shirt Blue World City Blue World City Location business Corteiz Clothing CS assignment service in the uk Custom Boxes custom CBD boxes custom CBD packaging doctors email addresses Essentials Clothing Essentials Hoodie Essentials Jacket Facebook Page Promotion & Marketing Services Expert facial fashion fitness games health Health care Healthcare Home Hoodies law Mobile Optimization Solutions Online janam kundli hindi Packaging Pinterest downloader Production Cost professional Business assignment help Senior Care Shia Quran sports Tea Tree Face Wash in Pakistan vape shop uk Vehicle Wholesale Clothing UK Suppliers windows writing

Recent News

Exploring Online Focus Groups and Focus Group Platforms

Exploring Online Focus Groups and Focus Group Platforms

September 28, 2023
Scotch Whisky

The Rich History And Heritage Of Scotch Whisky

September 26, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Review
  • Apple
  • Applications
  • Computers
  • Gaming
  • Gear
    • Audio
    • Camera
    • Smartphone
  • Microsoft
  • Photography
  • Security

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.