Automotive Sensors Market to See a Massive Financial Boost in the Forecast Period
Increasing demandof different types of sensors, especially in autonomous cars, is expected to drive the automotive sensors market during the forecast period. Furthermore, advanced technologies such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to provide hugeimpetus to the market growth. Government authorities across the globe have imposed several regulations to avoid road accidents in a bid to improve the safety and security of the passengers, which would further supplement the growth of automotive sensor market.
The powertrain segment accounted for about 53% of the overall automotive sensors market revenue in 2015. Increasing demand of powertrain market for automated transmission and high utility of lightweight materials for reducing fuel consumption are the key factors driving the usage of automotive sensors. In addition, body electronics is the fastest growing segment and is projected to register a CAGR 8% during the forecast period. This is due to the increasing use of temperature sensors in body electronics for internal and ambient temperature.
Download Sample Report:https://www.alliedmarketresearch.com/request-sample/725
MEMS sensor segment is projected to maintain its lead in the overall automotive sensors market due to its increasing application in powertrain, safety & security, body electronics and among other. The growing demand of automotive sensors in North America and Asia-pacific have further boosted the market growth. Furthermore, temperature sensor is anticipated to exhibit the fastest growth, with a CAGR of 8.2% during the forecast period. This is owed to the heightened demand of temperature sensors in semiconductors, food & beverage and plastic industries.
Europe accounted for the majority of revenue in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed to the increasing demand of emission control sensors (ECS) with the emergence of strict regulations such as EURO VI,NSVI and BS VI. Furthermore, European government has also tightened the rules for safety, which is likely to fuel the market in years to come.
However, Asia-Pacific is expected to be the fastest growing region throughout the analysis period. Japan, being dominant in the Asia-Pacificespecially in MEMS sensor market. This is a result of increasing spending in R&D. Also, improving automobile production and increasing expenditures in the emerging markets (such as India and China) to overcome the unmet consumer needs in these countries would bolster the market growth.
Flat 20% Discount on All License Type *Offer Valid Till 20th April 2019*
Key Findings of Automotive Sensors Market:
• MEMS sensor would lead the overall automotive sensors market, accounting for over 40% of the automotive sensor market revenue throughout the analysis period.
• Powertrain is the predominant application segment and is expected to maintain its dominance throughout the forecast period as automotive sensors are increasingly being utilized in powertrains to reduce carbon emissions and enhance fuel efficiency.
• Asia Pacific is anticipated to register the fastest CAGR of 8% during the forecast period.
Japan is the major shareholder accounting for about 27% share of the overall Asia-Pacific automotive sensors market.
The key players in the automotive sensors market are focused on expanding their business operations in the fast-growing emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Robert Bosch GmbH, Denso Corporation, Continental AG Corporation, Sensata Technologies, Autoliv Inc., Infineon Technologies, Delphi Automotive LLP, Freescale Semiconductors, Analog Devices Inc. and Asahi Kasei Corporation.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Sensors Market to See a Massive Financial Boost in the Forecast Period here
News-ID: 1707755 • Views: 308
More Releases from Allied Market Research
Luxury-Minded Retirement Residences Market 2020 Companies, Size, Share, Growth, …
The luxury-minded retirement residences market is experiencing a significant growth on the global scale, and expected to grow consistently in the years to come. Such residences are bought by the elderly people who have saved a lot of money and in their last inning and want to live their lives in a lavish way. The luxury-minded retirement residences are quite costly properties which are well equipped with the finest amenities
Luxury Watches Market Size, Share, Scope, Growth, Demand and Future Potential of …
The global luxury watches market is experiencing a significant growth, and is expected to grow considerably in next few years. Luxury watches are becoming a status symbol among the population. Such class preferences are growing among adults and youth and is observed as the key factor driving the market growth. The new product launches by the key market players including Patek Phillippe, Titan, Rolex, and Sonata are expected to have
Landscaping Services Market 2020 with (Covid-19) Impact Analysis: Growth, Latest …
Landscaping is an activity that does a makeover of visible features of an area. The landscaping service is not new to the world, it has been in practice for centuries. Humans have been manipulating the land for practical as well as aesthetic purposes. Adding plants, changing existing terrain, constructing structures are all part of landscaping. In simplest words, it is all about planning, laying out, and constructing a land in
Knee Pad Market Size, Demand, Insight Growth, COVID-19 Impact and Analysis & For …
Knee pads are used as protective measure to protect the knee caps from any injuries. They are specially being worn during recreational and sports activities. Knee pads tend to absorb any shock or major impact by any external object by cushioning the knee of an individual. COVID-19 Scenario Analysis: • The closure of factories due to COVID-19 led to the decline in the production of the knee pad in the industries. This
More Releases for Automotive
Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Automotive IoT Market
The Internet of Things (IoT) is reshaping several sectors, including automotive. With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing. This factor is reflecting positively on global automotive IoT market, which is
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM