The global automotive sensors market size is projected to reach USD 15.6 billion by 2028 and exhibit a CAGR of 6.38% during the forecast period. The rising demand for modern safety, comfort, and technological features is expected to boost the market's growth. Moreover, the rising popularity and adoption of autonomous vehicles in the coming years may surge the growth of the market. Fortune Business Insights™ has presented this information in its report titled, “Automotive Sensors Market, 2021-2028”. The market size stood at USD 10.44 billion in 2020.

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Key Players in the Global Market are:

Robert Bosch GmbH
Infineon Technologies AG
STMicroelectronics
Continental AG
Denso Corporation
NXP Semiconductors
Texas Instruments Incorporated
Allegro Microsystems, LLC
CTS Corporation
Elmos Semiconductor
Sensata Technologies

Drivers & Restraints-

Rising Adoption of Autonomous Vehicles to Augment Market Growth

Manufacturers incorporate non-contact 3D magnetic sensors to replace the optical systems or potentiometers that use conventional position-sensing methods. These sensors improve driver concentration by eliminating manual control functions, including infotainment and vehicle lighting. Hence, the rising adoption of such advanced technologies is likely to boost the global automotive sensors market growth. Additionally, the emphasis on comfort and safety has increased in recent years. The growing demand for connected vehicles, new technology features, and new energy vehicles is expected to boost the market's growth.

Autonomous vehicles have gained striking growth due to technological advancements and the growing consumer awareness for autonomous vehicles. The increasing adoption of automotive sensors and vehicles is likely to amplify market growth in the coming years.However, the high costs of automotive sensors due to low production may hinder the market growth.

Competitive Landscape-

Key Players Launch New Products to Garner Growth in the Market

The market is fairly competitive, and NXP Semiconductors, Infineon Technologies AG, Robert Bosch GmbH, and STMicroelectronics comprise the key players in the global market. The key players emphasize increased research and development activities to produce high-performance and low-power-consuming sensors. The key players focus on developing new products, patents, technological advancements, collaborations, acquisitions, mergers, and others to generate greater revenues and improve their market presence. For instance, Melexis unveiled next-generation current sensors for automotive power-conversion applications in June 2021. The sensors possess beneficial attributes such as integrated over-current detection circuity, increased resolution, and 3.3V or 5V operation capabilities.

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Industry Developments-

June 2021: Navya and Valeo extended their industrial and technological collaboration for autonomous shuttles. Navya will share the functional and technological data gathered during experiments, and Valeo will furnish Navya with sensors that enable vehicles to comprehend their surroundings.

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights ™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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The global vacuum truck market size is expected to reach USD 5,382.8 million by 2027, exhibiting a CAGR of 11.2% during the forecast period. The heavy demand for labor-efficient trucks is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Vacuum Truck Market Size, Share & COVID-19 Impact Analysis, By Product Type (Liquid Suctioning Only and Liquid and Dry Suctioning), By Application Type (Industrial, Excavation, Municipal, Sweeper Truck, and Others) and Regional Forecast, 2020-2027” the market size stood at USD 2,303.7 million in 2019.

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List of the Leading Companies Operating in the Vacuum Truck Market are:

Federal Signal
Vac-Con
Keith Huber
Sewer Equipment
Vacall Industries
KOKS
Dongzheng
Other Players
The coronavirus occurrence has caused severe loss and damage to industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

The report on the vacuum truck market contains:

All-encompassing study of vacuum trucks
Enlightening information about the industry
Strategies and key insights
Coronavirus effect on the market
Dominant regions in the industry
Browse Summary of this Research Report with Detailed Table of Content:

https://www.fortunebusinessinsights.com/vacuum-truck-market-103435

Key Development:

June 30, 2020: KOKS, a major manufacturer of these trucks and heavy industrial cleaning equipment unveiled a range of high-pressure units. The wide-ranging hot water units can operate a pressure of 15 to 1,000 bar

Market Driver:

Necessity for Vacuum Trucks in Industrial Applications to Augment Growth

The growing requirement for industrial vacuum trucks or vacuum loaders that contain, recover, and carry slurries, liquids, solids, dry bulk powders, and thick mud from hard-to-reach areas will spur demand for these trucks in industries. The rising application of trucks in cleaning and sanitization will create lucrative business opportunities for the market. For instance, trucks are designed and customized to carry dry waste or wet industrial liquid sludge or slurry to treatment plants. The off-loading solutions offered by the trucks can ensure swift operation in cleaning applications.

Break on Production to Impede Business Development in COVID

The automotive sector is witnessing enormous loss due to the restriction imposed by the government during the pandemic. The decline in demand and supply is expected to limit the expansion of the vacuum truck market. The halt on production plants in various countries can further restrict the growth of the market. Similarly, due to lockdown, the showrooms are shut leading to low footfalls, thus aggravating the situation of the market during the COVID-19 pandemic.

Regional Analysis:

Implementation of Strict Cleaning Policies to Boost Market in North America

The market size in North America stood at USD 741.5 million in 2019. The growth in the region is attributed to the strict cleaning policies in the U.S and Canada. The growing popularity of rental fleet owners and applications in industrial areas will spur opportunities for the market in the region. Europe is expected to witness a substantial growth rate during the forecast period owing to the massive automobile production in the UK, Germany, and France. The market in Asia Pacific is predicted to rise exponentially during the forecast period owing to the surge in municipal and industrial slurry and sludge in countries such as India and China. The rising urbanization and industrialization will influence the healthy growth of the market in Asia Pacific.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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The global car DVR market size is projected to reach USD 3255.85 million by the end of 2027. Rising investments in technological integration have played a huge role in market growth. The presence of several large scale companies operating on the global stage will provide impetus to market growth. According to a report published by Fortune Business Insights, titled “Car Digital Video Recorder (DVR) Market Size, Share & Industry Analysis, By Type (Single Channel, Dual Channel), By Application (Passenger Car, Commercial Vehicle), and Regional Forecast, 2020-2027,” the market was worth USD 2616.00 million in 2019 and will exhibit a CAGR of 5.1% during the forecast period, 2020-2027.

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List of companies profiled in the report:

Garmin Ltd.
ABEO Technology
Pittasoft Co. Ltd.
Panasonic Corporation
Falcon Zero LLC
Cobra Electronics Corporation
DOD Tech
Increasing Number of Product Launches will Bode Well for Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that there are several companies in the global market, which has ultimately resulted in a competitive environment. This has made it increasingly difficult for companies to establish a standout position. As a result, companies are adopting newer strategies with a bid to establishing a stronghold in the market. It is seen that product innovations are an increasing trend among major companies across the world. In February 2019, Panasonic Corporation announced the launch of a new compact in-vehicle cam. The company introduced this product as part of its expanding Public Safety Solutions portfolio in North America. The AS-1 Arbitrator was introduced with the aim of establishing strong evidences for the law enforcement agencies. Panasonic’s latest product will enhanced video qualities and subsequently help the company acquire a wider consumer base in the forthcoming years.

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North America to Emerge Dominant; Presence of Several Large Scale Companies will Bode Well for Market Growth

The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The presence of several large scale companies in several countries across the world has had a huge say in the performance of the market in recent years. Accounting to the strict policies associated with accidental insurance, especially in the United States, the adoption of DVRs is high in this region. Moreover, the massive investments in product innovations will contribute to the growth of the regional market. As of 2019, the market in North America was worth 814.9 million and this value is projected to increase at a considerable pace in the coming years. The market in Europe will derive growth from the strict policies regarding the use of dash cams that has also been made compulsory in a few countries. The market in Asia Pacific is driven by the presence of several global manufacturers in countries such as China, India, and Japan.

Industry Developments:

January 2020 – Garmin International Inc. announced the launch of a new dash cam. The company introduced the ‘Garmin Dash Cam Tandem,’ the company's first dual-lens dash camera that provides drivers complete video coverage of their surroundings.

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About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com