Global Automotive Sensing Systems Market Synopsis:
The exclusive research report on the Global Automotive Sensing Systems Market 2020-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Automotive Sensing Systems Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.
Some of the most important key factors driving the growth of the Global Automotive Sensing Systems Market are increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and increase in consumer demand for safety and comfort in vehicles.
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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Automotive Sensing Systems Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.
In terms of the geographic analysis, increasing purchasing power of consumers and the rising demand for highly efficient and safe vehicles are the main factors driving the growth of the Automotive Sensing Systems Market in Asia-Pacific. Emerging economies such as India and China are major contributors to the growth of the Automotive Sensing Systems Market in this region. China is leading the global automobile production, and it is expected to continue leading this production during the forecast period as well.
Top Major Key Players in the Global Automotive Sensing Systems Market:
1 Bosch
2 ZF (TRW)
3 Continental
4 Autoliv
5 Mcnex
6 Panasonic
7 Aisin
8 Valeo
9 Hella
10 Velodyne
11 Ibeo
12 Quanergy Systems
13 Nicera
14 Murata
15 Audiowell and More………………….
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Product Type Segmentation
1 Automotive Sensing Camera
2 Automotive LiDAR
3 Automotive Ultrasonic Sensor
4 Data on Automotive Camera
Industry Segmentation
1 Passenger Vehicle
2 Commercial Vehicle
Worldwide Business News:
Hella (June 19, 2020) – Hella and Minth Establish New Joint Venture in China – HELLA and the MINTH Group have agreed to establish a joint venture. The company HELLA MINTH Jiaxing Automotive Parts Co. Ltd. is to promote the development, production and marketing of radomes and illuminated logos. Radomes are permeable covers for radar systems, which can be produced in special designs according to customer requirements. Both companies are already active in this field. The joint venture will be funded by both partners in equal shares. It has a production facility in Jiaxing and shall have an international scope, with an initial focus on the Chinese market. Subject to the approval of the relevant antitrust authorities, the joint venture is scheduled to start operations in autumn 2020.
“With the increasing market penetration of radar-based driver assistance systems, the demand for radomes will also continue to rise,” explains Dr. Frank Huber, Managing Director responsible for the Lighting Division at HELLA. “Radomes offer vehicle manufacturers a wide range of possibilities for differentiation, since they can be staged in different ways, just like logos. As HELLA, we have been active in this field for many years, being a technology leader. By cooperating with MINTH, we want to further expand our business internationally.”
During the signing Ceremony, Binbo Chen, CEO of MINTH Group, commented: “HELLA and MINTH share a similar corporate culture and complement each other perfectly. On the one hand, MINTH’s existing technology in radomes has been recognized by many original equipment manufacturers and has received orders from a number of international customers. On the other hand, HELLA has a high level of technological expertise in the industry. The partnership will therefore promote the development in the field of radomes and illuminated logos the best possible way. The joint venture therefore represents an important milestone for us.”
To this end, MINTH will contribute its existing production capacities (including already existing series productions) to the new joint venture. The joint venture will be based in Jiaxing, China, at one of MINTH’s existing production facilities and will initially employ around 80 people. The production capacities there are to be continuously expanded within the next year in order to meet the expected growth of the radome business and the increasing demands of globally operating car makers. For this purpose, the joint venture will combine the fast response and business advantages of MINTH and the technological know-how of HELLA.
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Major Points in Table of Contents:
Global Automotive Sensing Systems Market Report 2020
1 Automotive Sensing Systems Product Definition
2 Global Automotive Sensing Systems Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Automotive Sensing Systems Shipments
2.2 Global Manufacturer Automotive Sensing Systems Business Revenue
2.3 Global Automotive Sensing Systems Market Overview
3 Manufacturer Automotive Sensing Systems Business Introduction
3.1 Bosch Automotive Sensing Systems Business Introduction
3.2 ZF (TRW) Automotive Sensing Systems Business Introduction
3.3 Continental Automotive Sensing Systems Business Introduction
3.4 Autoliv Automotive Sensing Systems Business Introduction
3.5 Mcnex Automotive Sensing Systems Business Introduction
3.6 Panasonic Automotive Sensing Systems Business Introduction
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