Automotive Sensors Market is expected to reach USD 35 Billion by 2023 | Global Industry analysis by Major Companies like Analog Devices Inc., Broadcom Limited, Bosch Sensortech GmBH

Market Research Future (MRFR) study on the “Global Automotive Sensors Market” is an in-depth evaluation that provides a comprehensive overview of the industry. Global Automotive Sensors Market is expected to be valued at USD 35 Billion by 2023 with CAGR of 7% during the forecast period. The study covers the COVID-19 overview of the global market and offers a thorough explanation of market segments, current trends, growth forecasts, and market challenges from 2018 to 2023 (forecast period) to identify growth opportunities.

The global automotive sensors market is spanned across Americas, Europe, Asia Pacific, and the Rest of world. North America dominates the automotive sensors market due to growing adoption of innovative technologies that has positive implications for the future of transportation, which is propelling the automotive sensors market growth to a large extent. In January 05, 2018, Denso Corporation, a leading automotive supplier acoss the world is leading in AI-powered technology and fresh approach with a startup, ActiveScaler, a developer of Managed Mobility-as-a-Service, is aiming to provide end-to-end MaaS businesses. With this technology, the company is offering an advanced analytics and automation, high security, and regulatory compliance to their customers.

The prominent players in the global automotive sensors market Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.

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Global Automotive sensors Market Segmentation
The global automotive sensors market is segmented into sensor type, technology, vehicle types, and region.
• The sensor type segment is sub-segmented into Pressure Sensors, Temperature Sensors, Speed Sensors, Position Sensors, O2 Sensors, NOx Sensors, Inertial Sensors, Image Sensors and others.
• The technology segment is sub-segmented into Micro-Electro-Mechanical Systems (MEMS), Nano-Electro-Mechanical Systems (NEMS).
• The vehicle types segment is sub-segmented into low end, medium end, high end, heavy vehicle, electrical vehicles and others.
• The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Regional Analysis:
The North American region is experiencing a higher demand due to building of new multi-mode transportation and autonomous vehicles, which is widely used in the transportation sectors.

The global automotive sensors industry is studied for the Asia Pacific (China, Japan, and India), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World. Asia Pacific with countries such as China, Japan, and India, is one of the leading regions of the world in terms of market share. The automotive sensors market in this region has a huge demand due to the increase in purchasing power of the consumer, and growing population, which is further propelling the market growth to a large extent. Whereas, the European countries are emerging automotive sensor markets due to increasing demand for more efficient and safer vehicles and is expected to grow at the highest CAGR over the review period.

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TABLE OF CONTENTS:
• Market Introduction
• Research Methodology
• Market Dynamics
• Executive Summary
• Market Factor Analysis
• Automotive Sensors Market, By Segments
• Competitive Analysis
More…

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