The automotive sensors market is dominated by Robert Bosch GmbH, Continental AG, DENSO Corporation, Infineon Technologies AG, Sensata Technologies, Allegro Microsystems Inc., Analog Devices Inc., ELMOS Semiconductor SE, Aptiv plc, NXP Semiconductors N.V., STMicroelectronics N.V., CTS Corporation, Texas Instruments Incorporated, TE Connectivity Ltd., ZF Friedrichshafen, Magna International. One of important feedthrough which made byEngineering Ceramic Co., Ltd (EC®), the new ceramic insulator toassembliesCeramic metal feedthrough for automotive sensors, is wishing share some market in near further.
The global automotive sensors market grew from $24.79 billion in 2022 to $28.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive sensors market is expected to grow to $48.05 billion in 2027 at a CAGR of 14.2%.
The automotive sensors market consists of revenues earned by entities by providing automotive sensors services such as autonomous driving and automated parking system.The market value includes the value of related goods sold by the service provider or included within the service offering.
The automotive sensors market also includes sales of battery mini-breakers, thermal cutoff devices,feedthrough,capacitors, contactors, DC power distribution modules, DC solenoids and relays equipment which are used in providing automotive sensors services. The value of goods in this market includes related serviceslikesEC® Feed through Ceramic Insulator and assemble sensors.
The automotive sensors are used to detect, transmit, analyse, record, and display information about the vehicle’s internal and external surroundings.Automotive sensors are intelligent sensors that monitor the vehicle’s condition and either provide information to the user or automatically make the required changes to the vehicle.
Automotive sensors check incoming air temperature, fuel-air mixture, manifold pressure, wheel speed, and others. The main types of automotive sensors are temperature sensors, pressure sensors, speed sensors, level-position sensors, magnetic sensors, gas sensors, and inertial sensors.Temperature sensors measure the temperature of the air outside the automobile.
Asia-Pacific was the largest region in the automotive sensors market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
It usually consists of thermocouple feed-through, thermistors, or resistance. Automotive sensors are based on different types of technology, such as nano-electro-mechanical systems and micro-electro-mechanical systems.
Automotive sensors are used in various vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. These automotive sensors are used on the power-train, chassis, exhaust, ADAS, and other applications.The rising adoption of autonomous vehicles is expected to propel the growth of the automotive sensors market.Autonomous vehicles are driverless vehicles that operate and perform necessary functions on their own without any human intervention.
The use of automotive sensors in autonomous vehicles has reduced the drivers’ stress and increased the productivity of the vehicle. For instance, the global autonomous car market is projected to grow from $1.64 billion in 2021 to $11.03 billion in 2028 at a CAGR of 31.3% due to the increased demand. Hence, the rising adoption of autonomous vehicles plays an important role in the growth of the automotive sensors market.
The rise in the use of pressure sensors in the automotive industry is a key trend gaining popularity in the automotive sensor market.Pressure sensors are used for discovering the early faults in hydraulic brakes, optimising the fuel mix to match the air pressure, automatic cleaning of exhaust filters, tracking exhaust recirculation, critical fluid examinations, finding vapour leakages, triggering airbags faster, and launching pedestrian airbags.
EC® Feed through Ceramic Insulator has been cooperated with many world famousmanufacturer of sensors and semiconductors. The customers were covered in theautomotive Sensors marketincludingAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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