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Passenger Car Sensors Market size to hit USD 8.75 Bn by 2029 at a CAGR of 8.2 percent – says Maximize Market Research

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Dublin, March 28, 2023 (GLOBE NEWSWIRE) — A global Electronics business-consulting firm, Maximize Market research, has published a market intelligence and competitive landscape report on the “Passenger Car Sensors Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Passenger Car Sensors Market from a local as well as a global point of view. Over the forecast period, Maximize Market research expects, the market to grow from USD 4.66 Bn in 2021 to USD 8.75 Bn in 2029 at a CAGR of 8.2 percent.

Passenger Car Sensors Market Report Scope and Research Methodology

Market Size in 2021 USD 4.66 Bn.
Market Size in 2029 USD 8.75 Bn.
CAGR 8.2 percent (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 270
No. of Tables 115
No. of Charts and Figures 112
Segment Covered Type, Application and Sales Channel
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/69360

The report is a thorough analysis of the Passenger Car Sensors market equipped with key findings including pricing, investments, expansion plans and physical presence of the Passenger Car Sensors market. The bottom-up approach was used to estimate the Passenger Car Sensors market size and growth rate in the report. The report covers information on the drivers, restraints, opportunities, and challenges of the Passenger Car Sensors market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Passenger Car Sensors market.

Regional analysis of the Passenger Car Sensors market conducted at a local, regional and global level. For a segment-wise analysis of the Passenger Car Sensors market, it is divided into Type, Application and Sales Channel. The report also provides information on the emerging regions that are expected to be major markets for the Passenger Car Sensors market.

The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Passenger Car Sensors market. The primary method includes Surveys, questionnaires and telephonic interviews with market leaders, market specialists and business owners, etc., Secondary method involves financial reports, annual reports, press releases, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive structure of the industry in the Passenger Car Sensors Market.

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/69360

Passenger Car Sensors Market Overview

The Passenger car is a product that helps to manage the engine in automobiles. It is an electronic device that monitors various aspects of the cars and accelerates information to the Electronic Control Unit (ECU). The passenger car sensors also monitors several aspects of the car including its engine, emission levels, oil pressure and vehicle speed. The passenger car sensors are used by the engine to exhaust the vehicle system and are majorly used in the powertrain, body control and chassis for monitoring the voltages, vacuum and temperature.

Passenger Car Sensors Market Dynamics

The Passenger Car Sensors Market is primarily driven by the growing adoption of autonomous passenger cars. The increasing availability of additional sensors such as body, chassis and powertrain sensors play a crucial role in the Passenger Car Sensors Market growth. The increasing popularity of electric vehicles and stringent rules for the growing emission of carbon is helping to increase the sales of electric vehicles.

The increasing need for safety among various populations and implementation of the different regulations about automotive safety are the growth contributors for the Passenger Car Sensors Market. The innovation of Advanced Driver Assistance Systems (ADAS) and multiple features of Passenger Car Sensors are the expected to present lucrative opportunities for market growth. The high costs of the sensor products with the increasing expectation of the OEMs and regulations for diagnostics are the restraining factors for the growth of the Passenger Car Sensors Market over the forecast period.

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/69360

Passenger Car Sensors Market Regional Insights

During the forecast period, European Passenger Car Sensors Market is expected to grow at a CAGR of 9.5 percent over the forecast period. The increasing production of automobiles in countries such as the UK and Germany is the major factor influencing the regional Passenger Car Sensors Market growth. The development of sensor technologies by automobile companies helps to add value to cars and provide autonomy to vehicles.

Passenger Car Sensors Market Segmentation

By Type

  • Temperature Sensors
  • Pressure Sensors
  • Oxygen Sensors
  • NOx Sensors
  • Position Sensors
  • Speed Sensors
  • Inertial Sensors
  • Image Sensors
  • Others

By Application

  • Powertrain Systems
  • Chassis
  • Exhaust Systems
  • Safety & Control Systems
  • Vehicle Body Electronics
  • Telematics Systems
  • Others

By Sales Channel

  • OEM
  • Aftermarket

During the forecast period, the sub-segment safety and control systems are expected to grow at a CAGR of 8.1 percent. The main significant factor for the rapid sales of vehicles is the passenger safety given by the manufacturers.

On the basis of the sales channels, the sub-segment OEM is expected to grow at a CAGR of 8.4 percent over the forecast period. However, OEMS and the established suppliers are inadequate to properly comprehend the technological needs of the new systems.

Get the Sample PDF of the Report: https://www.maximizemarketresearch.com/request-sample/69360

Passenger Car Sensors Market Key Competitors include:

  • Robert Bosch GmbH
  • Continental AG
  • DENSO Corporation
  • Infineon Technologies AG
  • BorgWarner, Inc.
  • Sensata Technologies
  • Allegro Microsystems, Inc.
  • Analog Devices, Inc.
  • ELMOS Semiconductor SE
  • Aptiv plc
  • NXP Semiconductors N.V.
  • STMicroelectronics N.V.
  • CTS Corporation
  • Autoliv, Inc.
  • TE Connectivity
  • ZF Friedrichshafen
  • Valeo S.A.
  • Magna International
  • Melexis N.V.
  • ON Semiconductor
  • Amphenol Advanced Sensors
  • LeddarTech
  • Velodyne LiDAR
  • Quanergy
  • Innoviz Technologies

Key questions answered in the Passenger Car Sensors Market are:

  • What are Passenger Car Sensors?
  • What is the CAGR of the Passenger Car Sensors Market?
  • What was the Passenger Car Sensors Market size in 2021?
  • What is the expected Passenger Car Sensors Market size by the end of the forecast period?
  • What are the global trends in the Passenger Car Sensors Market?
  • Who are the leading companies and what are their portfolios in Passenger Car Sensors Market?
  • What are the major challenges that the Passenger Car Sensors Market could face in the future?
  • What growth strategies are the players considering to increase their presence in Passenger Car Sensors?
  • Who dominates the largest market share in Passenger Car Sensors Market?
  • What are the upcoming industry applications and trends for the Passenger Car Sensors Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Passenger Car Sensors Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Type, Application, Sales Channel and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Electronics research firm, has also published the following reports:

Automotive Chassis System MarketThe market size is expected to reach USD 84.85 Bn by 2029 at a CAGR of 6.2 percent during the forecast period. The market is expected to be driven by technological advancements in the vehicle chassis system.

Autonomous / Self-Driving Cars Market The market size is expected to reach 56.46 Mn units by 2029 at a CAGR of 13.5 percent during the forecast period. The market is expected to be driven by high demand for luxury cars and technological developments in the sectors such as artificial intelligence, machine learning, etc.

Electric commercial vehicle Market The market size is expected to reach USD 1308.57 billion by 2029 at a CAGR of 20.97 percent during the forecast period. The market is expected to be driven by the increase in demand for electric vehicles and implementation of the technologies such as ADAS, Ai and IoT.

Powertrain Market The market size is expected to reach USD 1069.21 Bn by 2029 at a CAGR of 6.11 percent during the forecast period. The market is expected to be driven by the growth of the automobile industry and increasing consciousness about environmental pollution.

Automotive Constant Velocity Joint Market The market size is expected to reach USD 4.52 Bn by 2029 at a CAGR of 5.2 percent during the forecast period. The market is expected to be driven by the increasing demand for lightweight constant-velocity joints in automobiles.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Ancoris Recognised as Top Place to Work for Second Year Running by The Sunday Times

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Ancoris recognised for fostering a sense of empowerment and respect within the workplace91% of Ancoris employees feel empowered at work93% of employees say that are treated with respectLONDON, May 21, 2024 /PRNewswire/ — Ancoris, a UK-based Google Cloud services provider, has been named a Top Medium Business in The Sunday Times 2024 Best Places to Work list. The accolade has been awarded for the second year in a row, and recognises Ancoris’ focus on DEI; its commitment to empowerment, reward, and recognition; and its wellbeing policies and frameworks.

“I am so pleased to see Ancoris recognised, once again, as a top place to work!” says Andre Azevedo, Ancoris CEO. “Ancoris is a place where we try our best to foster collaboration, empowerment, innovation, and respect – so to have our employees echo this and respond in the way they have is amazing.”
The Sunday Times survey captured Ancoris employees’ responses in a number of categories: Reward and Recognition, Information Sharing, Empowerment, Wellbeing, Instilling Pride, and Job Satisfaction. The independently managed survey showed Ancoris scoring “excellent” across all six engagement categories, with top scores in Empowerment, Wellbeing, Reward & Recognition. In response, 93% of employees say they are treated with respect; 92% feel trusted and able to make decisions; and 91% of employees feel empowered at work.
“We’ve seen a lot of change over the last 12 months. The rise of Generative AI has caused shifts in our market and  economic conditions are causing customers to really qualify where they make technology investments. These pivots undoubtedly have an impact on our employees and how people feel at work,” Azevedo continues. “I truly believe, however, the innovative work we are doing for our customers has helped us maintain and create an even stronger sense of collaboration and pride for our team members. We’re lucky to have so many smart people within our business, so continuing to give them interesting, challenging, and rewarding problems to solve for our customers is really key.”
About AncorisAncoris is a leading Google Cloud Services Provider, headquartered in the UK, on a mission to become the most innovative Google Cloud partner in the ecosystem. Ancoris leverages its strong problem solving skills and continuous improvement approach to help customers become AI Native and stay ahead of their competition. Ancoris has extensive experience in Google Cloud technologies helping enterprises integrate AI-native solutions into their business through expertise in Data & AI, Application and Infrastructure Modernisation, Workspace, and Maps. Ancoris was recognized as a Rising Star for Data, Analytics, and Machine Learning in the ISG Provider™ Lens for Google Cloud Partner Ecosystem in 2022 and 2023 consecutively, and awarded Google Cloud’s 2024 EMEA Public Sector Partner of the Year award. Ancoris employs the best in the business and was named in the Top 10 Sunday Times Best Places to Work 2023, and a Top Place to Work in 2024.
Contact: Holly [email protected]
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Department of Health – Abu Dhabi Partners with Roche Pharmaceuticals Middle East to Elevate Research, Clinical Trials, and Real-World Data

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ABU DHABI, UAE, May 21, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Roche Pharmaceuticals Middle East during Abu Dhabi Global Healthcare Week (ADGHW). Under the MoU, the two entities will advance critical research using real-world data to study and assess the spinal muscular atrophy burden in Abu Dhabi, as well as assessing potential conduction of research and the facilitation of real-world data collection to monitor Duchenne Muscular Dystrophy (DMD) disease.

 
 
In the presence of Dr. Rashed Alsuwaidi, the Executive Director of the Healthcare Workforce Planning Sector at DoH and Michael Oberreiter, Head of Global Access at Roche Pharmaceuticals, the MoU was signed by Dr. Asma Al Mannaei, the Executive Director of the Research and Innovation Centre at DoH and Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE.
Dr. Asma Ibrahim Al Mannaei, Executive Director of the Research and Innovation Center at the at DoH said: “Abu Dhabi has a track record of excellence and fast-growing, future-forward, data-enabled services. Serving as a hub for healthcare data, Abu Dhabi’s substantial computing power enables it to harness the potential within this data, transforming it into valuable information. This, in turn, allows us to innovate and develop novel approaches to shift healthcare towards prediction, prevention, and treatment, thereby accelerating the future of healthcare, not only for Abu Dhabi but for the global community. Through international collaborations, Abu Dhabi seeks to lead research groups supported by global partners to explore the resilience and sustainability of the healthcare sector worldwide as well as expand access to quality care for patients around the world.”
The two entities will work together to support the evolution of real-world data collection frameworks in Abu Dhabi. Enhancing DoH’s ability to track and monitor outcomes of therapies will support DoH in making informed clinical and policy decisions for better optimisation of patient outcomes. Furthermore, DoH and Roche will strengthen the research network across Abu Dhabi and improve accrual for potential clinical trials.
Mohamed Elshaarawy, General Manager Roche Pharmaceuticals, UAE said: “This MoU underscores our collaboration with the DoH which is fuelled by a shared vision of harnessing the power of data to drive informed decision-making within the healthcare system. Data-driven healthcare systems hold immense potential to revolutionise patient care and outcomes. Through the generation, utilisation, and realisation of data, healthcare professionals and policymakers can unlock valuable insights, identify trends, and make evidence-based decisions. This data-driven approach enables us to optimise resource allocation, personalise treatment approaches, and ultimately achieve better patient outcomes. By harnessing the full potential of data, we can improve the overall efficiency and effectiveness of the healthcare system, ensuring that every patient receives the highest quality of care tailored to their specific needs. We are sincerely grateful for the trust, confidence, and empowerment the DoH has placed in establishing this effective public-private partnership with Roche in the UAE.”
Held under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, ADGHW is a major government initiative by the DoH, which took place from the 13th -15th May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
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Biopharma Leaders Shape the Future of Drug Development at Veeva R&D and Quality Summit Europe

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Ascendis, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva to keynote sharing innovations to drive better patient outcomes
BARCELONA, Spain, May 21, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that leaders from Ascendis Pharma A/S, Bayer, Boehringer Ingelheim, Jazz Pharmaceuticals, Novo Nordisk, Sanofi, and Teva will be keynote speakers at Veeva R&D and Quality Summit, Europe, June 4-5 in Madrid, Spain. Life sciences professionals across the industry will come together to share how connected technologies across clinical, regulatory, safety, and quality are advancing innovations for patients.

As one of the largest gatherings of biopharma leaders in Europe, Veeva R&D and Quality Summit will bring together over 1,000 industry professionals to share learnings across more than 100 sessions. Bayer and Jazz Pharmaceuticals will join Rik Van Mol, senior vice president of Veeva Development Cloud, and Avril England, general manager of Veeva Vault, for the opening keynote to explore the future of development for new medicines and therapies.
The event’s zone keynotes include:
Ascendis and Bayer, sharing strategies to reduce costs and accelerate trials with a connected platform.Boehringer Ingelheim, detailing its shift toward data-centric regulatory information management.Novo Nordisk, showing how it uses data and AI to transform clinical research.Sanofi, explaining its innovative approach to advance quality through operational excellence.Teva, providing insight into its rapid journey from disparate safety systems into one streamlined global solution.A panel with Elpida Therapeutics CEO Terry Pirovolakis and Veeva experts will close the event with a discussion on how the industry can best accelerate the development of life-saving rare disease gene therapies.
“Connecting clinical, regulatory, safety, and quality is key to advancing the product lifecycle and delivering better outcomes for patients,” says Rik Van Mol, senior vice president of Veeva Development Cloud. “At Veeva R&D and Quality Summit, biopharma leaders can connect, exchange ideas, and share new strategies to advance the industry forward together.”
Veeva R&D and Quality Summit is open exclusively to life sciences professionals. Register and review the agenda at veeva.com/eu/Summit.
Additional InformationConnect with Veeva on LinkedIn: linkedin.com/company/veeva-systems
About Veeva SystemsVeeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.
Veeva Forward-looking StatementsThis release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-K for the fiscal year ended January 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 9 and 10), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Jeremy WhittakerVeeva [email protected]
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