Global Automotive Light-Vehicle Sensors Market, By Sensor Type (Oxygen Sensors, Pressure Sensors, Position Sensors,Temperature Sensors, Image Sensors, Inertial Sensors, Speed Sensors, Others),Technology (Micro-Electro-Mechanical Systems (MEMS), Non-Electro-Mechanical Systems (NON-MEMS), Nano-Electro-Mechanical Systems (NEMS)), Application (Powertrain, Chassis, Exhaust, Safety and Control, Body Electronics, Telematics, Others), Distribution Channel (Original Equipment Manufacturer (OEM), Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa)Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Automotive Light-Vehicle Sensors Market
Automotive light-vehicle sensors market size is valued at USD 42,071.83 million by 2028 expected to grow at a compound annual growth rate of 7.20% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive light-vehicle sensors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automotive sensors are present in different types and usually minimize fuel consumption, decrease on-board weight and control the chemical and physical changes. These sensors are largely used to make sure that the vehicle should work proficiently and improve the safety standard. LIDAR, blind spot detection, adaptive cruise control, reversing aid, lane departure warning are some of the sensors which are used in this business.
The automotive light-vehicle sensors market has a huge potential to grow over the forecast period of 2021 to 2028, due to the strict government regulations regarding emission standards and safety. In addition, rising electrification in automobiles and growing use of alternative fuel vehicles is also largely influencing the growth of the automotive light-vehicle sensors market. Also the increasing urban population, rising environment concerns and rising disposable income of the middle-class population is also raising the growth of the target market. Additionally, the increasing demand for technological advancements, advanced functionality design and safety features in conventional vehicles will also boost the growth of the automotive light-vehicle sensors market in the above mentioned forecast period. Likewise, the incorporation of semiconductor and internet of things will also forward the product demand.
However, the low preference for diesel cars as well as underdeveloped aftermarket will act as market restraints for automotive light-vehicle sensors market in the forecasted period of 2021 to 2028, whereas the rising safety threats in autonomous cars have the potential to challenge the growth of the market.
In addition, the increasing use of automotive sensors with rising autonomous vehicles along with increasing partnerships and joint ventures of a variety of automobile giants with LiDAR providers will further offer various growth opportunities for the automotive light-vehicle sensors market in the above mentioned forecast period.
This automotive light-vehicle sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive light-vehicle sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Light-Vehicle Sensors Market Scope and Market Size
Automotive light-vehicle sensors market is segmented on the basis of sensor type, technology, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sensor type, the automotive light-vehicle sensors market is segmented into oxygen sensors, pressure sensors, position sensors, temperature sensors, image sensors, inertial sensors, speed sensors and others. Image sensors have further been segmented into complementary metal oxide semiconductors (CMOS) and charge-coupled devices (CCD). Inertial sensors have further been segmented into accelerometers and gyroscopes. Others have further been segmented into radars, ultrasonic sensors, rain sensors, relative humidity sensors, proximity sensors, particulate matter (PM) sensors and LIDAR sensors.
- On the basis of technology, the automotive light-vehicle sensors market is segmented into micro-electro-mechanical systems (MEMS), non-electro-mechanical systems (NON-MEMS) and nano-electro-mechanical systems (NEMS).
- On the basis of application, the automotive light-vehicle sensors market is segmented into powertrain, chassis, exhaust, safety and control, body electronics, telematics and others.
- The distribution channel of the automotive light-vehicle sensors market is segmented into original equipment manufacturer (OEM) and aftermarket.
Automotive Light-Vehicle Sensors Market Country Level Analysis
Automotive light-vehicle sensors market is analyzed and market size, volume information is provided by country, sensor type, technology, application and distribution channel as referenced above.
The countries covered in the automotive light-vehicle sensors market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the automotive light-vehicle sensors market owing to rising popularity of autonomous driving systems and incorporation of semiconductor and internet of things in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strict government regulations as well as the presence of compelling car designers to improve the safety provision in the car designs within this particular region.
The country section of the automotive light-vehicle sensors market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Light-Vehicle Sensors Market Share Analysis
Automotive light-vehicle sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive light-vehicle sensors market.
The major players covered in the automotive light-vehicle sensors report are Continental AG, BorgWarner Inc., Elmos Semiconductor SE, DENSO CORPORATION, Infineon Technologies AG, Robert Bosch GmbH, Sensata Technologies, Inc, Autoliv Inc., STMicroelectronics, NXP Semiconductors, Allegro Microsystems, LLC, ZF Friedrichshafen AG, BorgWarner Inc, Quanergy Systems, Inc., Melexis,Velodyne Lidar, Inc.,TE Connectivity, Semiconductor Components Industries, LLC,Schrader TPMS Solutions, NGK SPARK PLUG CO.,LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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