Presently, there is an increase in demand for intelligent sensors in vehicles, which allows manufactures to give drivers higher level of safety & security, reliability, and information & entertainment. Manufacturers of electronic devices are incorporating more sensors in their devices to add additional features and compete with other players in the market. High competition in the electronic market, steady upgrade in electronic devices, and increase in automation in the automotive industry through electronic devices are anticipated to drive the market growth in the future.
Leading Automotive Sensor Market Players:
- Robert Bosch
- DENSO Corporation
- AUTOLIV INC
- Continental AG
- Delphi Automotive Company
- Sensata Technologies
- NXP Semiconductor
- STMicroelectronics N.V
- Infineon Technologies AG
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Automotive sensors are used to detect and monitor different physical and chemical processes in a vehicle, to find out any issues that could occur in the future. With the help automotive sensors, leading companies provide safety, comfort, and affordability to their consumers. It enhances performance of vehicles and increases their life span. The report analyzes the global automotive sensor market covering different technologies used for manufacturing various sensor types. Sensor is a device that detects physical input such as heat, motion, pressure, or any other entity, and responds by producing an output on a display or transmits the information in electronic form for further processing.
Factors such as rise in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, increase in use of custom designed electronics devices. However, high development cost of automotive sensors is expected to hinder the market growth. Moreover, technological advancements in the automobile industry and growth in the automotive sector are expected to offer lucrative opportunities for the market globally. Each of these factors is anticipated to have a definite impact on the automotive sensor market during the forecast period.
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By region, the global automotive sensor market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America accounted for the highest market share, owing to expansion of the electronics market and rise in sales of EVs. Europe was the second largest contributor, in terms of revenue and is expected to witness significant growth during the forecast period, owing to the rise in demand for passenger vehicles.
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Sensor Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Automotive Sensor Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Table of Content:
Competition Analysis by Players
Company (Top Players) Profiles
Automotive Sensor Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Automotive Sensor Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Effect Factor Analysis
Research Finding/ Conclusion
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