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Oct 30, 2023

Global Automotive Sensors Market is projected to reach US$ 44 Billion during the forecast period of 2023 to 2033

NEWARK, Del, June 09, 2023 (GLOBE NEWSWIRE) -- The global automotive

NEWARK, Del, June 09, 2023 (GLOBE NEWSWIRE) -- The global automotive sensors market is projected to attain a valuation of US$ 19.2 billion in 2023 and is estimated to reach US$ 44 billion by 2033, expected to incline at a CAGR of 8.6% during the forecast period.

In recent times, the global automotive sensors market has experienced significant growth. The increased adoption of alternative fuels and vehicles plays a crucial role in reducing consumer fuel costs and enhancing the energy security of nations, thereby driving market development. Moreover, the growing prevalence of alternative fuel vehicles is expected to further boost market growth throughout the assessment period. Additionally, the increasing integration of new systems and technologies in automobiles is anticipated to have a positive impact on the market's advancement in the coming years.

Get an overview of growth opportunities from 2023 to 2033 - Download this sample report now : https://www.futuremarketinsights.com/reports/sample/rep-gb-6612

Modern vehicle restraint systems employ side airbag pressure sensors for passenger car safety. Integrated into the side doors, these sensors transmit digital crash signals to the central airbag unit. Moreover, the air pressure sensor enhances engine efficiency by precisely controlling spark advances in gasoline and diesel engines. Consequently, the market is poised for development as pressure sensors find increasing use in both engine and vehicle safety systems.

In the next few years, the autonomous capabilities of commercially available vehicles are expected to advance rapidly. This progress is driven by stricter regulations and safety tests, particularly for emergency brake assist, as well as a growing emphasis on vehicle safety. Developed countries already mandate functions such as cruise control and lane-keep assist on all vehicles, while regulations for blind-spot monitoring, especially in Europe, are gaining traction.

To enable features like adaptive cruise control, these vehicles rely on long-range radar sensors, along with approximately two medium-range backward-facing radar sensors for blind spot detection. Additionally, up to 12 ultrasonic sensors are necessary for functionalities such as parking assistance. As the demand for autonomous driving features continues to grow, the utilization of high-precision sensors is expected to rise accordingly.

Key Takeaways :

" Increasing use of pressure sensors in the engine and vehicle safety systems is expected to drive market g rowth during the forecast period," - comments an analyst at FMI.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized: https://www.futuremarketinsights.com/customization-available/rep-gb-6612

Competitive Landscape :

The market for automotive sensors is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players are NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, STMicroelectronics, Texas Instruments Incorporated, Allegro Microsystems, LLC, CTS Corporation, Elmos Semiconductor, Sensata Technologies.

Some recent developments in the automotive sensors market are:

More Valuable Insights Available :

Future Market Insights offers an unbiased analysis of the global Automotive sensors market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the automotive sensors market, the market is segmented on the basis of sensor type, vehicle type, sales channel, and region.

Ask our expert Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-6612

Key Segments Profiled:

By Sensor Type:

By Vehicle Type:

By Sales Channel:

By Region:

Table of Content ( ToC ):

1. Executive Summary | Automotive Sensors Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and Their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

View the c omplete ToC of this Report here : https://www.futuremarketinsights.com/toc/rep-gb-6612

About the Automotive Division at Future Market Insights (FMI):

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team briefly analyses key trends, including competitive landscape, profit margin, and research development efforts.

Explore Wide-ranging Coverage of FMI's Automotive Landscape:

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Automotive Smart Antenna Market Share : Is anticipated to surpass a value of US$ 12.45 billion by 2032. The automotive smart antenna market is expected to increase at a CAGR of 14.5% during the forecast period.

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About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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