According to Research for Markets, the Global Automotive Sensors Market is accounted for $23.89 billion in 2016 and is expected to reach $40.23 billion by 2023 growing at a CAGR of 8.1% from 2016 to 2023.
Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. Automotive Sensors market report also delivers lists of the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the Automotive Manufacturing Industry.
Automotive sensors are incorporated in vehicle systems to analyze, transmit and display vehicle working information with internal and external environment of vehicles. Growing demand for comfort, safety and convenience, rising vehicle electrification, improving government safety standards are some factors that are anticipated to stimulate the market growth globally. However, huge cost of raw materials and lack of aftermarket for sensors are acting as key barriers for the market growth.
Some Of the Key Players in the Automotive Sensors Market are:
- Analog Devices
- NXP acquires Freescale Semiconductor
- Infineon Technologies
- Robert Bosch GmbH
- Sensata Technologies
- CTS Corporation
- Measurement Specialties, Inc, now TE Connectivity
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Safety & control application segment is expected to witness high compound annual growth rate. The growth is attributed to raising awareness about vehicle safety, and increasing various regulations. Position sensors are leading the market by its market revenue due to high adoption in passenger cars. By geography, Asia Pacific is projected to register the largest market share and is anticipated to grow with a highest CAGR during the forecast period attributed to rising demand for safer vehicles and growing automobile industry in emerging economies such as China and India.
Sensor Types Covered:
Inertial Sensors, Magnetic Sensors, Speed Sensors, Level/Position Sensors, Temperature Sensors, Oxygen Sensors, MEMS Sensors, NOX Sensors, Pressure Sensors, Image Sensors and Other Sensors
Exhaust, Powertrains, Telematics, Chassis, Safety and Control, Body Electronics and Other Applications
Vehicle Types Covered:
- Electric Vehicles
- Conventional Fuel Vehicles
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Major Table of Contents:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Sensors Market, By Product
6 Global Automotive Sensors Market, By Type
7 Global Automotive Sensors Market, By Application
8 Global Automotive Sensors Market, By End-User
9 Global Automotive Sensors Market, By Geography
10 Key Developments
11 Company Profiling
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What Our Report Offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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