by Daniel Webster, Publisher at dWeb.News
Key Prominent Players Covered in the Automotive Active Safety Sensors Market are Continental AG, Aptiv PLC., Robert Bosch GmbH, Valeo and Others
January 11, 2022 03: 41 ET | Source: Fortune Business Insights
Pune, India, Jan. 11, 2022 (GLOBE NEWSWIRE) — The global automotive active safety sensors market size is projected to showcase substantial development by 2028 due to stringent safety norms. This information is published by Fortune Business Insights in its report, titled “Automotive Active Safety Sensors Market, 2021-2028”. The number of road accidents is on the rise worldwide. This has led to stricter safety regulations being implemented in many countries. The market is also being driven by the growing demand for safety-enhancing vehicle systems. These factors will ensure that the market continues to grow in the future.
Increasing Prevalence of Diabetes to Favor Market Growth
Cases of road accidents across the globe are augmenting the automotive active safety sensors market growth. For example, the Centre for Disease Control and Prevention states that between the age of 1 and 54, road accidents are the leading cause of death in the U.S. The future growth of the market is expected to be enhanced by a growing focus on road safety. The market is also driven by product innovations that are based on consumer demand.
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Investment in Technological Advancement by Eminent Companies to Gain a Competitive Edge
The prominent players of the market are primarily focused on technological advancement to gain traction in the market. To gain market traction, this market is capital-intensive and requires regular product updates. This market is thriving because of its strategic product launches and collaborative approach. The industry’s prominent players have invested a lot of research and development to ensure that there is high market competition.
List of Key Players Profiled in the Market:
Robert Bosch GmbH
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Radar Sensor Segment to Dominate the Market
Based on application type, the market is segregated into anti-lock braking system, adaptive cruise control, traction control, lane departure warning, and others. It is broken down by sensor type into radar sensor, camera sensor and LiDAR sensor. It can also be divided into commercial and passenger cars based on vehicle type. Geographically, the market is split into North America and Europe, Asia-Pacific, Europe, Asia-Pacific and the rest.
The report has details on all the latest technologies available in the automotive active safety sensors industry. Highlighted are the technological advancements in the industry and the potential for opportunities. It identifies the market’s challenges and offers solutions. The report also discusses market growth stimulants, restraints and consumption patterns, as well as distribution channels and any other important information.
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Presence of Prominent Manufacturers in Asia Pacific to Generate High Revenues
Asia Pacific is estimated to hold a substantial automotive active safety sensors market share in the foreseeable future. As prominent automotive manufacturers such as Honda, Del Monte Motors, Hyundai and Honda are based in the region, this is a result of the growing production. The market growth is also influenced by the increasing sales in this region.
North America is predicted to hold considerable market share in the forthcoming years. This is due in part to the increased research and development in vehicle safety features. This region also has significant car sales each year, which helps to generate revenue for the market.
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