Automotive Sensors Market Revenue Projections 2020-2030 with Major Industry Players- Robert Bosch GmbH, Denso Corporation, Continental AG Corporation, Sensata Technologies, Autoliv Inc

According to a recent report published by Allied Market Research, titled, "Automotive Sensors Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2016-2022," the global market is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. MEMS sensor is expected to dominate this market from 2016 to 2022. Europe would continue to lead, accounting for approximately 35% share of the world automotive sensors market revenue.

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.

Get detailed COVID-19 impact analysis on the Automotive Sensors Market: https://www.alliedmarketresearch.com/request-for-customization/725?reqfor=covid

COVID_19 Scenarios:

The Automotive Sensors Market has been the worst hit by COVID-19 globally. Based on the government restrictions, and WHO guidelines the companies have stopped their manufacturing processes. The global lockdown has impacted the suppliers and distributors as well to halt their services. This impact hampered the growth of the market to a certain extent.

Key Benefits:

o The study provides an in-depth analysis of the global automotive sensors market to elucidate the prominent investment pockets in the market.

o Current trends and future estimations have been outlined to determine the overall attractiveness, and to single out profitable trends to gain a stronger foothold in the market.

o The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.

o The market is analyzed based on various regions namely, North America, Europe, Asia-Pacific, and LAMEA.

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Increasing demand of 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 huge impetus 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.

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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.

Automotive Sensors Market Expected to Reach $37 Billion By 2022 @ https://www.whatech.com/market-research/transport/640801-automotive-sensors-market-is-all-set-to-reach-37-billion-by-2022-powered-by-high-demand-from-autonomous-vehicle-sector

Key Findings of Automotive Sensors Market:

o MEMS sensor would lead the overall automotive sensors market, accounting for over 40% of the automotive sensor market revenue throughout the analysis period.

o 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.

o Asia Pacific is anticipated to register the fastest CAGR of 8% during the forecast period.

o Japan is the major shareholder accounting for about 27% share of the overall Asia-Pacific automotive sensors market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.