Rise in demand of electric vehicles in automotive industry worldwide, the manufacturer are focused on manufacturing the electric vehicle, in turn the electric truck segment of power source is booming the growth of the market.
OEMs segment of sales channel holds the major shares of electronic stability program for automotive market as many OEMs are focused on adopting the advanced technology to ensure the safety of the occupant.
The Global Textured Soy Protein Market was estimated at US$ 759.28 Million in 2021, and it is expected to reach US$ 1256.60 Million by 2029, growing at a CAGR of 6.5% over the forecast period of 2021-2029.
These sensors respond to light relatively than electric current. Light to digital provides a large amount of low-cost effectiveness and used in many applications is expected to propel the growth of the market.