Stratview Research publishes a new report titled Automotive Ultrasonic Sensors Market which is segmented by Type (Proximity Detection and Range Measurement), by Vehicle Autonomy Type (Semi-Autonomous Vehicle and Fully-Autonomous Vehicle), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Application Type (Park Assist, Self-Parking, and Blind Spot Detection), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Saudi Arabia, Brazil, and Others]). Market Insights The global Automotive Ultrasonic Sensors Market is likely to witness an impressive CAGR of 6.2% during the forecast period. The automotive ultrasonic sensors market is driven by strict government regulations regarding emission standards and safety. Additionally, rising vehicle production and increasing use of alternative fuel vehicles are propelling the growth of the market.

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Key players active in the market – The following are some of the key players in the AUTOMOTIVE ULTRASONIC SENSORS Market: • Aptiv PLC • Autoliv Inc. • Elmos Semiconductor AG • Honeywell International Inc. • Texas Instruments Inc. • First Sensor AG • Baumer Holding AG • Magna International Inc.

Global Automotive Ultrasonic Sensors Market Report Segments: The Automotive Ultrasonic Sensors Market is segmented into the following categories:

Application Type Based on the application type, the market is segmented as park assist, self-parking, and blind spot detection. The self-parking segment is expected to dominate the market during the forecast period due to increased spending on completely autonomous vehicles for advanced driver-assistance systems (ADAS) and self-parking.

By Region In terms of regions, Asia-Pacific is expected to remain the largest market for automotive ultrasonic sensors during the forecast period. The region is also estimated to grow at the fastest rate over the forecast period. China is expected to have the highest demand for advanced sensors and advanced driver-assistance systems (ADAS) in the coming years.

Why is this report beneficial? The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

• Market Overview
• Key Manufacturers Profiles
• Market Analysis by Region
• Market Segment by Type
• Market Segment by Application
• Raw Material and Supply Chain
• Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Customization of the report – At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report. Connect with our team at – Stratview Research E-mail: sales@stratviewresearvch.com Direct: +1-313-307-4176

Automotive Condition Monitoring System Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2027. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Automotive Condition Monitoring System Market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.

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Market Segments' Analysis

According to Stratview Research, the Automotive Condition Monitoring System Market is Segmented by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy-Duty Commercial Vehicle), by Monitoring Technique Type (Vibration, Thermography, Oil Analysis, and Others), by Product Type (Router-based System, Portable System, and Sensor-based System), by Deployment Type (Cloud and On-premises), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). Vehicle Trends

The market is bifurcated into passenger cars, light commercial vehicles, and medium- & heavy-duty commercial vehicles. Seemingly correct, passenger cars remain the biggest demand generator for condition monitoring systems in the foreseen future.

The market is segmented into vibration, thermography, oil analysis, and others. Vibration analysis remains at the nucleus for all the leading market stakeholders serving the automotive industry. An automobile consists of several parts whose health needs to be regularly monitored.

The market is segmented as a router-based system, portable system, and sensor-based system. Among these product types, the sensor-based system dominates the market. Sensors are used to provide continuous status monitoring by collecting data through machine learning or artificial intelligence (AI), which are increasingly preferred in the automotive industry.

Top key vendors in the market:

The report mentions a list of key players in the Automotive Condition Monitoring System Market. Some of them are mentioned below – • SKF • Siemens • Baker Hughes Company • Emerson Electric Co. • PARKER HANNIFIN CORP

Which region is expected to dominate the market?

In terms of regions, Asia-Pacific is expected to remain the largest market over the forecast period. In addition to that, the region is likely to witness healthy market growth in the coming years. China, Japan, India, South Korea, and Thailand are the preferred manufacturing destinations of automobiles in Asia.

Key Questions Answered in The Report:

• Which region will show the higher and rapid growth?
• Who are the top key players of the Automotive Condition Monitoring System Market?
• How will the market change in the upcoming five years?
• What was the impact of Covid19 on the market?
• Which application/ service/product will take a lion's share of the market?
• What are the market drivers and constraints?

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Enlarge / A Firestone race tire made from guayule plants, pictured next to the little woody shrubs that made it possible. (credit: Bridgestone)

There's still a lot of petroleum hanging onto electric cars, specifically around the rims. It takes about seven gallons of oil to make each standard car tire , and the world produces more than 2 billion tires every year . Now, some tire companies are turning to a desert shrub and a novel means of pulling natural rubber compounds out of it.

Bridgestone Americas has been working with guayule ( Parthenium argentatum ) since 2012. The tire company broke ground on a research facility in Mesa, Arizona, in 2012, started evaluating sample tires in 2015, and received multiple grants from the US Departments of Agriculture (USDA) and Energy for its research and molecular breeding work. Just last month, the company committed another $42 million to expanding its harvesting partnerships, with 350 acres in the short term and 250,000 more planned. That's part of more than $100 million invested into guayule-based rubber, the company says.

"With guayule, we can reduce the environmental impacts that come with overseas sourcing while also realizing a more sustainable agricultural system for parts of this country that are facing persistent and worsening climate conditions, so it’s really something with many benefits for our environment and our economy," said Nizar Trigui, chief technology officer for Bridgestone Americas, in a press release .