What is Automobile SensorsMarket?
Sensor is type of electronic device that is used in detecting, measuring or recording physical sensations and respond by transmitting information, initiating changes or effecting system control. Automotive sensors are in-built in vehicle systems to detect, transmit, analyze and display vehicle performance information within internal and external environment of the vehicle.
Automobile Sensors Market Report Coverage
Report Coverage | Details |
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Study Timeframe | 2018 to 2028 |
Base Year | 2022 |
Growth Drivers | - applicability of sensors in various automotive parts
- Rapid innovations in automotive industry
- Continuous increment in count of automotive vehicles
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Challenges & Pitfalls | - Technological Complexities Associated with Software
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Opportunities
Increasing adoption of autonomous cars, Increasing demand for luxury and modernized cars and Continuously increasing demand for ADAS
Restraints
The Manufacturers Covered in the Study are:
Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Analog Devices, Inc. (United States), Sensata Technologies, Inc. (United States), Delphi Automotive PLC (United Kingdom), Infineon Technologies AG (Germany) and STMicroelectronics (Switzerland)
Market Development Activities
In March 2022, Bosch acquired Atlatec, a company that creates high-resolution 3D maps for Level 3 and 4 autonomous driving. Bosch said the acquisition makes it a one-stop shop for self-driving building blocks. Atlatec will become part of Bosch's Cross-Domain Computing Solutions division and will operate as an independently operated company. Financial details of the transaction were not disclosed.
In May 2022, Continental launched a new sensor to protect batteries in electric vehicles. Continental's extensive sensor portfolio is expanded with sensors designed specifically for electromobility to support both road safety and electrification. A high-voltage current sensor module (CSM) provides current and temperature information to keep the battery safe and ensure long-term durability.