Automotive Sensor Market is expected to grow at USD 54.92 billion By 2026 | Industry Players:Denso Corporation, TE Connectivity Ltd., Continental AG, Analog Devices Inc., Eaton Corporation, Ford Motors, Robert Bosch GmbH, and others

The global Automotive Sensor Market is anticipated to reach around USD 54.92 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the engine and drivetrain application dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Automotive Sensor market.

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The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the market growth. The adoption of electric vehicles has increased significantly owing to stringent government regulations regarding vehicular emissions, thereby supporting market growth. Other factors driving the market growth include growing demand of ADAS systems, technological advancements, and modernization of vehicles. New emerging markets, emerging consumer demographics, and increasing demand of vehicles would provide growth opportunities for automotive sensor market in the coming years.

Market players operating in the global automotive sensor market are investing significantly in research and development and technological innovation to develop advanced products to meet the growing consumer demands. The development of autonomous vehicles is significantly increasing the demand for automotive sensors. Autonomous cars operate using a combination of different technologies such as GPS sensing knowledge for navigation, sensors for collision avoidance, and augmented reality for driver information.

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In 2017, Asia-Pacific accounted for the highest share in the global automotive sensor market. The primary factors driving the automotive sensor market growth in the region include established automotive industry, technological advancements, and high investment in R&D. The introduction of stringent government regulations regarding vehicular safety and emissions accelerates the adoption of automotive sensors in the region. The economic growth in countries such as China, Japan, and India, increasing development of autonomous vehicles, and growing automotive modernization further increases the demand of automotive sensors in the region.

The leading companies profiled in the Automotive Sensor Market Report include Denso Corporation, TE Connectivity Ltd., Continental AG, Analog Devices Inc., Eaton Corporation, Ford Motors, Robert Bosch GmbH, Autoliv Inc, AMETEK Inc., and General Electric. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Automotive Sensor Market Size and Forecast, 2017-2026 by Type
Key Findings
o Pressure Sensors
o Speed Sensors
o Temperature Sensors
o Position Sensors
o Oxygen Sensors
o Inertial Sensors
o Image Sensors
o Others
Automotive Sensor Market Size and Forecast, 2017-2026 by Vehicle Type

Key Findings

o Passenger Vehicles
o Commercial Vehicles

Automotive Sensor Market Size and Forecast, 2017-2026 by Application

Key Findings

o Safety and Security
o Emission Control
o Engine and Drivetrain
o Others

Automotive Sensor Market Size and Forecast, 2017-2026 by Region

Key Findings

o North America
 US.
 Canada
 Mexico
o Europe
 Germany
 UK
 France
 Italy
 Rest of Europe
o Asia-Pacific
 China
 India
 Japan
 Rest of Asia-Pacific
o Latin America
 Brazil
o Middle East & Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
Phone: 1-646-568-9980
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