Press release
Global Automotive Sensors Market growing at a CAGR of 7.1% Forecast by 2024 | Key Players-Bourns Inc., Continental AG, Delphi Automotive LLP, DENSO CORPORATION, Elmos Semiconductor AG, GENERAL ELECTRIC, Infineon Technologies AG, NXP Semiconductors
Global Automotive Sensors Market – Industry Trends and Forecast to 2024
Market Analysis:
The Global Automotive Sensors Market accounted to USD 23.0 billion in 2016 growing at a CAGR of 7.1% during the forecast to 2024.
The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast to 2024.
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Major Market Competitors:
Some of the major players operating in automotive sensors market are-Analog Devices Inc., Autoliv Inc., Allegro MicroSystems, LLC, Bourns Inc., Continental AG, Delphi Automotive LLP, DENSO CORPORATION, Elmos Semiconductor AG, GENERAL ELECTRIC Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Sensata Technologies, Inc., Stoneridge, STMicroelectronics, TE Connectivity Corporation., and Takata Corporation among others.
Market Definition: Automotive Sensors Market
Automotive sensors are electronic devices, which is used to monitor the various components present in the vehicles.
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Market Segmentation:
On the basis of sensor type, the automotive sensors market is segmented into temperature sensor, pressure sensors, position sensors, oxygen sensors, speed sensors, and other sensors.
On the basis of vehicle type, the automotive sensors market is segmented into the passenger car, LCV, HCV.
On the basis of application, the automotive sensors market is segmented into powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others.
On the basis of geography, automotive sensors market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Competitive Analysis:
Automotive sensors market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive sensors market for global, Europe, North America, Asia Pacific and South America.
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