(MENAFN- America News Hour) The global automotive crash sensors market is segmented into vehicle type such as passenger cars, low commercial vehicles (LCV) and heavy commercial vehicles (HCV). Among these segments, passenger cars segment is expected to dominate the overall automotive exhaust manifold market and is anticipated to capture a noteworthy CAGR of 8.1% during 2017-2027. Further, passenger car segment is forecasted to reach a valuation of more than
USD49.32 Billion
by the end of the year of forecast (2027). Furthermore, growing urbanization, rising demand for automobiles, advancement in technology in automobile industry and various other factors has trigger the growth of automotive crash sensors market in near future.
Global automotive crash sensors market is anticipated to mask a notable CAGR of 8.1% during the forecast period i.e. 2017-2027. Moreover, the global automotive crash sensors market is projected to account for noteworthy revenue of USD 49.32 Billion by the end of 2027. Additionally, continuous enhancements and research & development in automotive crash sensors are the major dynamic factor behind the expansion of automotive crash sensors.
Automotive Crash Sensors Market Statistics –
The market size is projected to record a valuation of over USD 49.32 Billion by 2027 The Automotive Crash Sensors Market is slated to observe 8.1% growth rate through 2017-2027
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In terms of regional platform, Asia Pacific countries such as China, India, Japan, and others accounted for the largest market of global automotive crash sensors in terms of revenue in 2017. China and India are the important contributors to the boom of automobile market because of the presence of principal passenger automobiles and heavy motor vehicle production business.
Apart from this, North America showcases lucrative growth over the forecast period i.e. 2017-2027 due to rise in vehicle production. Latin America and Middle East & Africa region are anticipated to grow at significant pace due to the increasing sales of automotive vehicles.
Major players include in the Global Automotive Crash Sensors Market:
DENSO Corporation Analog Devices, Inc. Sensata Technologies, Inc. Delphi Automotive LLP Bosch Sensotech GmBH STMicroelectronics Vishay Intertechnology, Inc. Infineon Technologies AG
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Rising Demand for Passenger and Driver Safety Features in Vehicles Critical for Market Growth
Government has made certain safety norms mandatory in all the segments of automobile
that make driving a safer experience for the driver as well as passengers . So it was easy for the middle class family to buy a passenger car with all the essential safety features which increases the demand of passenger cars.
India, Mexico, Brazil, and China, will be major
factors driving the growth prospects of the automotive crash sensors
market as increasing production of automobile, rise in population.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global automotive crash sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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