(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 14, 2021, 06:38 /Comserve / -- The global Automotive Sensors market is segregated on the basis of Application as Body Electronics, Telematics, Powertrain, Chassis, Exhaust, Safety & Control, and Others.
The Global Automotive Sensors Market is expected to grow by 2025 at a CAGR of 7.52%.
The automotive sensors market will raise at a considerable rate within the expected period. Rise in vehicle safety, performance and passenger comfort alongside numerous other advantages, the demand for automotive sensors will rise within the forecast period. Rise within the demand for automotive has propelled the need for sensors, thereby supporting the expansion of automotive sensor market. With the advancement in technology, the demand for upgraded sensors is predicted to raise for the autonomous vehicles. These sensors are far cheaper and reliable as related to their older versions. Increasing demand for better vehicle control, amended safety standards and pleasure of driving are a number of the factors motivating people to get automobiles installed with sensors. Increased standard of living and increase in net income of individuals have allowed bourgeoisie people to afford high end vehicles. Inclination towards safety standards like driver attention detection, safety belt alarm, active control, airbags, tire pressure, auto emergency braking are anticipated to drive market growth within the end of the day. Furthermore, stringent rules and regulations by the govt on emission reduction, safety, driver assistance, fuel economy and onboard diagnosis systems are a number of the factors propelling automotive sensors market development within the estimate period. Additionally, development in connected technologies is predicted to extend demand for automotive sensors within the near future. However, price competitive market and lack of uniform fabrication process for MEMS is predicted to hinder market development. Automotive sensors are the devices, utilized in automobiles, which detects physical or chemical quantity like temperature or position and transduces, indicate or answer it. These sensors are made out of semiconductors like cobalt and nickel. Automotive sensors are wont to rise vehicle performance, safety and passenger comfort. Sensors are becoming improved in terms of quality, smartness and that they are more specific and robust. Additionally, these sensors are cheaper than the previous generation sensors. Better system and pleasures are encouraging people to shop for automobiles equipped with sensors. Nowadays, people are inclining towards safety features like Auto emergency braking, driver attention detection, Active control, Airbags. An automotive sensor may be a tool which will increase engine performance, car protection, driving consolation while concurrently reducing gasoline consumptions and harmful emissions. Automotive sensors locate application in various vehicle additives alongside gearing manipulate device, weather manage, anti-lock braking system & digital stability programmer gadget, airbag restraint gadget, strength guidance gadget, engine management gadget, camshaft role sensor, crankshaft position sensor and body dynamics manipulate machine.
The global Automotive Sensors market is segregated on the basis of Application as Body Electronics, Telematics, Powertrain, Chassis, Exhaust, Safety & Control, and Others. Based on Vehicle Type the global Automotive Sensors market is segmented in Heavy Commercial Vehicles, Light Commercial Vehicles, and Passenger Cars. Based on Sensor Type the global Automotive Sensors market is segmented in Speed Sensors, Inertial Sensors, Image Sensors, Temperature Sensors, Pressure Sensors, Position Sensors, Oxygen Sensors, Nitrogen Oxide Sensors, and Other Sensors.
Based on Sales Channel, the global Automotive Sensors market is segmented in Aftermarket and Original Equipment Manufacturer.
The global Automotive Sensors market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Automotive Sensors market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Request to Fill The Form To get Sample Copy of This Report:
Allegro Microsystems, LLC, Analog Devices, Inc., Elmos Semiconductor AG, APTIV, CTS Corporation, Robert Bosch, Continental AG, Delphi Technologies, Denso Corporation, Infineon, and others are among the major players in the global Automotive Sensors market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Automotive Sensors Market has been segmented as below:
Automotive Sensors Market, By Application
Safety & Control
Automotive Sensors Market, By Vehicle Type
Heavy Commercial Vehicles
Light Commercial Vehicles
Automotive Sensors Market, By Sensor Type
Nitrogen Oxide Sensors
Automotive Sensors Market, By Sales Channel
Original Equipment Manufacturer
Automotive Sensors Market, By Region
Rest of the World
Automotive Sensors Market, By Company
Allegro Microsystems, LLC
Analog Devices, Inc.
Elmos Semiconductor AG
The report covers:
Global Automotive Sensors market sizes from 2015 to 2024, along with CAGR for 2018-2024
Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
Global Automotive Sensors market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Automotive Sensors market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
The global Automotive Sensors market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Automotive Sensors market share. Major industry players with significant revenue share include Allegro Microsystems, LLC, Analog Devices, Inc., Elmos Semiconductor AG, APTIV, CTS Corporation, Robert Bosch, Continental AG, Delphi Technologies, Denso Corporation, Infineon, and others.
Reasons to Buy this Report:
Gain detailed insights on the Automotive Sensors industry trends
Find complete analysis on the market status
Identify the Automotive Sensors market opportunities and growth segments
Analyse competitive dynamics by evaluating business segments & product portfolios
Facilitate strategy planning and industry dynamics to enhance decision making.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.