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[2022-2028] Automotive Active Safety Sensors Market Size, Share, Growth, Trends, Revenue, Competitive Landscape, Forecast Report

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Key Prominent Players Covered in the Automotive Active Safety Sensors Market are Continental AG, Aptiv PLC., Robert Bosch GmbH, Valeo and Others

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”. Rising cases of road accidents across the globe are increasing the implementation of stringent safety regulations in vehicles by the respective authorities in several countries. In addition, the rising demand for advanced vehicle safety systems worldwide is propelling the market. Such factors are expected to ensure a robust growth in the foreseeable future. 

Driving Factor

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. In addition, the rising focus on developing road safety is projected to enhance market development in the foreseeable future. Product innovations based on consumer demand is another major driver of the market.


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Competitive Landscape

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. This market is capital intensive in nature and requires constant product updates to gain traction in the market. Strategic product launches and collaboration are two prominent features of the market that contribute in the present expansion of this industry. The high market competition is due to intensive research and development conducted by prominent companies in the industry.

List of Key Players Profiled in the Market:

  • Continental AG
  • Aptiv PLC.
  • Robert Bosch GmbH
  • Valeo


To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/automotive-active-safety-sensors-market-102237


Segments

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. On the basis of sensor type, it is divided into camera sensor, radar sensor, LiDAR sensor, and others. Moreover, on the basis of vehicle type, it is bifurcated into passenger cars and commercial cars. Based on geography, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.

Report Coverage

The report has details on all the latest technologies available in the automotive active safety sensors industry. The technological advances made in the industry have been highlighted and the potential opportunities associated with that. The report establishes the challenges of the market and advices various solution to them. It also mentions the growth stimulating factors, the restraints, consumption pattern, distribution channels, and all other vital information associated with the market.


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Regional Insights

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. This is due to the increasing production of automotive in the region as prominent manufacturers, such as Hyundai, Del Monte Motors, Honda, and others, are producing in this region. Moreover, increasing sales in the region also contribute heavily to the market growth.

North America is predicted to hold considerable market share in the forthcoming years. This is due to increasing research and development activities in vehicle safety features in the region. Moreover, this region also experiences substantial car sales annually, which contributes toward revenue generation for the market.


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