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Automotive Sensors Market: Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans




Dec 4, 2019



The global automotive sensors market will derive growth from the growing adoption for self-driving cars across the world. According to a report published by Fortune Business Insights, titled “Automotive Sensor Market Size, Share and Industry Analysis, By Sensor Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Position Sensor, Others), By Application Type (Powertrain, Chassis, Exhaust, ADAS, and Others), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast, 2019-2026,” the market was valued at 347.6 million units in 2018 to reach 536.4 million units by 2026, exhibiting a CAGR of 5.7% during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/automotive-sensors-market-101690

Automotive sensors have witnessed rising popularity in recent years, owing to growing applications in the automotive and transportation industry. The demand for this product has increased drastically in recent years. The advent of sensor-based and AI-driven automobile have opened up a huge potential for market growth. Variations in product offerings have allowed applications across diverse domains. Additionally, the cost-effective nature of these products have led to a wider adoption across the world. The increasing uses of automotive sensors in several vehicles including passenger cars, transport vehicles, commercial, and personal vehicles will create several opportunities for market growth.

Rising Production and Sales of Vehicles to Aid Growth of the Market in Asia Pacific

The report segments the market on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the demand for automotive sensors is highest in Asia Pacific. Recent advancements in automotive sensor manufacturing have opened up a huge potential for the growth of the regional markets of emerging nations such as China, India, and Japan. The growing adoption of vehicles and increasing rate of passenger car production will aid the growth of the market in this region. Besides Asia Pacific, the market in Europe is projected to witness considerable growth, owing to the growing investment in the research and development of sensor-based control systems for automobiles. The automotive sensors market in Europe was valued at 75.3 million units in and is likely to increase further in the coming years.

Some of the leading companies that are operating in the global automotive sensors market are:

  • Robert Bosh Gmbh
  • Denso Corporation
  • Valeo Pvt. Ltd
  • Delphi Automotive LLP
  • Hitachi Appliances, Inc.
  • Continental AG Corporation
  • Sensata Technologies Inc.
  • Infineon Technologies AG
  • Autoliv Inc.
  • NXP Semiconductors
  • STMicroelectronics N.V
  • Allegro Microsystems, LLC
  • Analog Devices Inc.
  • Elmos Semi-Conductors
  • CTS Corporation
  • Texas Instruments Inc.
  • Littlefuse Inc.
  • Micronas Semiconductor Inc.
  • Panasonic Corporation
  • Vishay Intertechnology, Inc.

Segmentation

By Sensor type

  • Temperature Sensor
  • Pressure Sensor
  • Speed Sensor
  • Position Sensor
  • Others

By Application Type

  • Powertrain
  • Chassis
  • Exhaust
  • ADAS
  • Others

By Vehicle Type

  • Passenger Car
  • LCV
  • HCV

Highlights of the Report

  • In-depth analysis of various insights, namely, Automotive Sensors Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and market shares.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

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Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Automotive Sensors Market: Global Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans

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