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(Transportation-News.com, December 08, 2018 )
Stratview Research announces the launch of a new research report on Automotive Active Safety Sensors Market. This 231 page extensive report from Stratview Research, studies the Automotive Active Safety Sensors Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Automotive Active Safety Sensors market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle) - Passenger car is expected to remain the growth engine.
• By Sensor Type (Radar Sensor, LiDAR Sensor, Camera Sensor, Others) - Radar is expected to remain the dominant sensor type in the market.
• By Application Type(Braking System, Adaptive Cruise Control, Blind Spot Detection, Lane Departure Warning, Others) - Braking system is expected to remain the most dominant segment.
• By Region(North America, Europe, Asia-Pacific, Rest of the World) - Europe is expected to remain the largest automotive active safety sensors market.
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Automotive Active Safety Sensors Market: Highlights
Automotive active safety sensors market is likely to witness an excellent double-digit growth over the next five years to reach US$ 18,554.5 million in 2023. Increasing usage of active systems in passenger cars to reduce the number of accidents, implementation of stringent regulations regarding passenger safety, a growing trend towards advancing the vehicles by making it autonomous, and market entry of technology-driven companies like Apple and Google are some of the major factors that are proliferating the growth of the active safety sensors in the automotive industry. Organic growth of the automotive industry further substantiates the demand for active safety sensors in the automotive industry.
The supply chain of this market comprises raw material suppliers, sub-component manufacturers, active safety sensor suppliers, active safety system suppliers, automotive tier players, automotive OEMs, and dealers. The key automotive active safety sensor suppliers are Continental AG, Veoneer, Robert Bosch GmbH, Valeo Group, and Aptiv PLC. Development of low-cost sensors and formation of strategic alliances with OEMs and active safety system suppliers are the key strategies adopted by the major players to gain a competitive edge in the market.
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Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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