The increasing demand for powerful vehicles is expected to bolster healthy growth of the market, states Fortune Business Insights, in a report, titled “Automotive Corner Sonar Market Size, Share & Industry Analysis, By Type (Active Sonar, Passive Sonar), By Application Type (Passenger Cars, Commercial Vehicles) and Regional Forecast 2020-2027.” The growing emphasis on driver’s safety is likely to enable speedy expansion of the market during the forecast period.
The report on the automotive corner sonar market highlights:
- Comprehensive study of all the parts in the market
- Enlightening data with authoritative insights
- Key market trends
- Superior insights into all emerging developments
- Regional facts and figures
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The Report List the Key Players in the Automotive Corner Sonar Market:
- Aisin Seiki
- Fuji Ceramics
- Nippon Ceramic
- Muramoto Industry
- Nippon Lock, NNP Denshi
- Pacific Industrial
- Ficosa International
- NNP Denshi
- Mitsubishi Electric.
Growing Demand for Autonomous Cars to Augment Growth in North America
Geographically, the automotive corner sonar market is classified into North America, Europe, Asia Pacific, and the rest of the world. North America’s market is expected to hold maximum share in the global market and is estimated to maintain its dominance during the forecast period. The increasing number of autonomous cars in the US is likely to aid expansion in North America.
Asia Pacific is also expected to experience exponential growth in the market during the forecast period due to the rising number of the luxury cars in this region. Europe is also likely to expand radically during the forecast period due to stringent rules regarding passengers and drivers’ safety in this region.
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Active Sonar to Dominate the Market
The active sonar is expected to hold the largest share in the market. Active sonar is primarily used in autonomous cars. However, some of the serious complications with active sensors is interference. As more and more self-driving cars take to the streets, the number of active sensors will also increase.
Passive sensor is expected to be the second-largest segment. Furthermore, the application type is calssified into passenger cars and commercial vehicles. The usage of sonar is increasing rapidly in the passenger cars in recent times. The increasing safety among drivers is also expected to be responsible for the growth of this segment.
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