Automotive Sensor Cleaning System Market is anticipated to expand at a CAGR of 10.5% over the forecast period of 2020 to 2030 - Persistence Market Research

Automotive Sensor Cleaning System Market is anticipated to expand at a CAGR of 10.5% over the forecast period of 2020 to 2030 - Persistence Market Research

PR Newswire

NEW YORK, Jan. 11, 2021

NEW YORK, Jan. 11, 2021 /PRNewswire/ -- Amidst a growing competitive environment in the automotive industry, car makers are focusing on reducing accidents caused due to impaired sensor perceptions. Automotive sensors dysfunction when dirt, rain drops, snow, or bird droppings shield their view. Liquid-based sensor cleaning systems or gas-based cleaning systems are used in such applications, which help wipe the surface of the sensors and restore their working. Such cleaning systems are finding increased application in autonomous vehicles where sensor functioning plays a pivotal role, thereby aiding the progress of the automotive sensor cleaning system market across regions.

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The global automotive sensor cleaning system market is anticipated to expand at a CAGR of 10.5% over the forecast period of 2020-2030.

Key Takeaways from Automotive Sensor Cleaning System Market Study

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"Shift toward autonomy and intelligent sensor systems has led to developments in sensor cleaning systems, which has paved the way for future mobility. One of their prime features is ensuring vehicle as well as people safety," says a Persistence Market Research analyst.

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Market Landscape Continues to Remain Fairly Consolidated

The global automotive sensor cleaning system market is fairly consolidated at global and regional levels. Tier-1 manufacturers account for more than half of the market share. Some of the leading players included in the report are Valeo SA, Continental AG, Roechling Automotive, Ficosa International SA, and dlhBowles. To gain a competitive advantage in the market, market participants are involved in partnerships, product innovations, and acquisition activities with regards to high market growth.

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Want to Know More?

The research report on the automotive sensor cleaning system market published by Persistence Market Research analyzes market demand trends of the product on a value and volume basis. The report contains global industry analysis of 2015–2019 and opportunity assessment for 2020–2030. The report provides in-depth analysis of the automotive sensor cleaning system market through different segments - system type, sales channel, vehicle type, and region. The automotive sensor cleaning system market report also provides supply and demand trends, pricing trends, cost structure, and market presence of leading manufacturers, along with an overview of the parent market.

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