Automotive Sensor Market Size 2022 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027

The Automotive Sensor Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Sensor market growth.

The Global Automotive Sensor Market Size is Projected to Reach at a CAGR of 14% during 2022-2027.

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Market Overview

Automotive sensors are an integral part of a vehicle, which are designed to detect, transmit, analyze, record, and display vehicle performance information of the internal and external environment of the vehicle. With the increasing popularity of vehicle automation and the growing demand for connected cars across the world, the demand for automotive sensors is expected to grow significantly during the forecast period. The major trends driving the global automotive sensors market are miniaturization and improved communication capabilities, which enable their integration into vehicles without interfering with the basic functionalities of the vehicle. The increasing demand for safety and security in automobiles is the main factor driving the growth of the market.

Top Leading Companies:

Robert Bosch, Continental, DENSO, Analog Devices, Sensata Technologies, Delphi, Infineon Technologies, STMicroelectronics, Valeo, Hitachi, Autoliv, Mobis, ZF, NXP Semiconductors, Bourns

Recent Development:

For instance, in September 2018, Wabco Holdings Inc. signed a Memorandum of Understanding (MoU) with Valeo. Under this agreement, Valeo will supply WABCO with advanced short and mid-range sensors, which include 77GHz radar and solid-state LiDAR, to develop and industrialize the next generation of Advanced Driver Assistance Systems (ADAS), as a key building block for vehicle autonomy. WABCO’s OnCityALERT is the first application to use Valeo’s sensing technology. OnCityALERT will utilize Valeo’s 77GHz radar technology to continually monitor blind spots on the passenger side of the vehicle, even in low visibility conditions. 
Panasonic, a leading automotive technology provider, has come up with the latest drowsiness-detection technology. This technology analyzes a person’s level of drowsiness by accurately calculating the driver’s states without any physical contact. An in-vehicle camera will capture the blinking features and facial expressions, and these signals will be processed using artificial intelligence. The technology also contains a thermal sensation monitoring function, which allows the driver to stay comfortably awake while driving.

Automotive Sensor Market Segmentation by Type:

Pressure Sensor
Temperature Sensor
Speed Sensor
Position Sensor
Other

Automotive Sensor Market Segmentation by Application:

Passenger Vehicle
Commercial Vehicle

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Asia Pacific held the largest share

Asia Pacific held the largest share of the automotive sensors market in 2020, and a similar trend is expected to be observed during the forecast period. This growth is attributed to the owing to stringent government norms that mandate the use of advanced technologies to improve vehicle safety and reduce pollution, increased inclination toward electric and hybrid vehicles, and high adoption of ADAS and autonomous cars. Moreover, the increasing purchasing power of consumers, rising investments in infrastructure development for the automotive sector, and surging demand for more efficient and safer vehicles are other key factors accelerating the growth of the automotive sensors market in Asia Pacific.

Regional Automotive Sensor Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Sensor Market Report:

Detailed overview of Automotive Sensor Market
Changing the Automotive Sensor market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Sensor market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Sensor Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2017 to 2022 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Sensor Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Sensor industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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