Global Automotive Light-Vehicle Sensors Market research report is a vital document in planning business objectives or goals. The Global Automotive Light-Vehicle Sensors Market report is a window to the industry which talks about what market definition, classifications, applications, engagements and market trends are. While formulating this Global Automotive Light-Vehicle Sensors Market report, client business competence is understood adeptly to identify tangible growth opportunities.
The base year for calculation in the report is considered as 2017 while the historic year is 2016 which will tell you how the Global Automotive Light-Vehicle Sensors Market is going to act upon in the forecast years by giving information about the several market insights. Lastly, the report makes some important proposals for a new project of Global Automotive Light-Vehicle Sensors Market before evaluating its feasibility.
Global Automotive Light-Vehicle Sensors Market
Market Analysis: Global Automotive Light-Vehicle Sensors Market
Global automotive light- vehicle sensors market is expected to rise at a stable CAGR in the forecast period of 2019-2026.
Increasing demand of the light- vehicle is the major factor for the growth of this market.
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Key Market Competitors:
Few of the major competitors currently working in the automotive light- vehicle sensors are-Flexpoint, Melexis, Schrader International, LMOS Semiconductor AG, DENSO CORPORATION, ., Autoliv Inc., Stmicroelectronics, NXP Semiconductors,Continental AG, Delphi, BorgWarner Inc, Allegro Microsystems, LLC., NGK Spark Plug Co., Ltd.
Modern automobiles have different types of sensors. They usually minimise fuel consumption, reduce on-board weight and control the chemical and physical changes. These sensors are mainly used to ensure that the vehicle should work efficiently and improve the safety standard. LIDAR, adaptive cruise control, blind spot detection, reversing aid, lane departure warning are some of the sensors which are used in this industry.
Segmentation: Global Automotive Light-Vehicle Sensors Market
- By Sensor Type (Oxygen Sensors, Pressure Sensors, Temperature Sensors, Image Sensors, Speed Sensors),
- By Application (Advanced Driver Assistance System, Body Applications, Interior Applications, Powertrain & Emission Control Applications, Safety and Body Control),
- By Output (Analog, Digital), Integration (Discrete, Combination),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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- The high cost of the OEM is the major factor restraining its growth.
- The low light sensing capabilities is the factor which is restraining its growth.
Key Developments in the Market:
- In November 2018. Bosch announced the launch of their new automotive system ICs at electronica 2018 which will provide supply voltage, read sensor data, will process information and drive actuator.
- In December 2018, STMicroelectronics launched their new image sensors- VG5661 and VG55761. This sensor will sharpen the driver- monitoring systems.
- In January 2014, Ainstein announced the launch of the K-79 autonomous automotive imaging radar system which is especially designed for the industrial trucks, tractors and similar vehicles. It is a combination of advanced algorithms in imaging and localization and radar system design.
Global automotive light- vehicle sensors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive light- vehicle sensors market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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