Press release
Automotive Sensor Market was valued at USD 13.5 Bn in 2023 and is expected to reach USD 23.44 Bn by 2030, at a CAGR of 8.2 % during the forecast period 2030: Competitive Landscape, Industry Analysis, Segmentation and Regional Insights.
Automotive Sensor Market
A global Automotive and Transportation business consulting firm, Maximize Market Research, has published market intelligence and competitive scenery report on the "Automotive Sensor Market". The report is a combination of primary data and secondary data and domain experts have examined the Automotive Sensor Market from a local, regional and global point of view. Over the forecast period from 2024 to 2030, Maximize Market Research expects the Automotive Sensor Market growth is USD 13.5 Bn in 2023 and is expected to reach USD 23.44 Bn by 2030, at a CAGR of 8.2 per cent.
To delve deeper into this research, please follow this link: https://www.maximizemarketresearch.com/request-sample/13878/
Automotive Sensor Market Scope:
Market Size in 2023 USD 13.5 Bn.
Market Size in 2030 USD 23.44 Bn.
CAGR 8.2 % (2024-2030)
Forecast Period 2024-2030
Base Year 2023
Number of Pages 270
No. of Tables 115
No. of Charts and Figures 105
Segment Covered by Vehicle type and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
Automotive Sensor Market Report Scope and Research Methodology:
The Maximize Market Research reports on the Automotive Sensor Market give a clear scope and structured methodology. They define market segments like Oxygen sensor, Mass airflow sensor, Radar sensors, LiDAR, Pressure sensors etc. across different applications and worldwide regions. Data collection involves primary sources such as interviews with industry experts and secondary sources like market reports. Analysis includes understanding market size, trends, growth factors, and competition, using both quantitative tools and qualitative insights. The reports also forecast future trends and opportunities using statistical models, considering advancements in technology and regulatory influences. This approach aims to provide a comprehensive understanding of the automotive semiconductor industry's dynamics and growth prospects.
Automotive Sensor Market Dynamics:
To ensure optimal performance and safety, EVs rely on extremely approachable Coolant Temperature Sensors (CTS) that precisely monitor the temperature of the battery coolant and consequently, the battery itself. As EV battery capacities increase, the complexities of accurately monitoring and regulating their temperatures and electrical currents also escalate, which is expected to boost the Automotive Sensor Market growth. This keen effective demand for sensors is combined by the expanding adoption of commercial and industrial EVs. Sensors play a vital role in collecting data on vehicle performance, traffic conditions, and road infrastructure, allowing improved connectivity and intelligent transportation systems. Sensor is important to the Electric vehicles (EVs) and autonomous vehicles (AVs) so demand for this market is growing.
Get a Free Sample of the Report by Clicking Here: https://www.maximizemarketresearch.com/request-sample/13878/
Automotive Sensor Market Regional Insight:
"Growth of the Automotive Industry to boost Asia Pacific Automotive Sensor Market growth"
The Asia Pacific region is home to some of the world's largest automotive markets, including China, Japan, South Korea, and India. Vehicle production and sales continue to grow in the region, the demand for automotive sensors is also predictable to increase significantly, which significantly boosts the Automotive Sensor Market growth. As EV adoption continues to rise in the many regions, there is a growing demand for sensors for battery management, thermal management, and EV drive train systems that significantly boosts the Automotive Sensor Market.
Automotive Sensor Market Segmentation:
by Type
• Oxygen sensor
• Mass airflow sensor
• Radar sensors
• LiDAR
• Pressure sensors
• Engine speed sensor
• Others
by Application
• Powertrain
• Chassis
• Body Electronics
• Safety & Security
• Telematics
• Others
Leading Automotive Semiconductor manufacturers include:
North America:
• Texas Instruments (United States)
• Sensata Technologies (United States)
• Delphi Technologies (United Kingdom)
• Allegro Microsystems (United States)
• Aptiv PLC (Ireland)
• Analog Devices, Inc. (United States)
• CTS Corporation (United States)
Europe:
• Bosch (Germany)
• Continental AG (Germany)
• STMicroelectronics (Switzerland)
• Melexis NV (Belgium)
• HELLA GmbH & Co. KGaA (Germany)
• ZF Friedrichshafen AG (Germany)
• Valeo SA (France)
• First Sensor AG (Germany)
• AMS AG (Austria)
Asia Pacific:
• Denso Corporation (Japan)
• Panasonic Corporation (Japan)
• Murata Manufacturing Co., Ltd. (Japan)
• Renesas Electronics Corporation (Japan)
• ROHM Semiconductor (Japan)
To access more comprehensive information, click here: https://www.maximizemarketresearch.com/inquiry-before-buying/13878/
Key questions answered in the Automotive Sensor Marketare:
• What is Automotive Sensor?
• What was the Automotive Sensor Market size in 2023?
• What is the growth rate of the Automotive Sensor Market?
• Which are the factors expected to drive the Automotive Sensor Market growth?
• How is the Automotive Sensor Market growing, and what are the driving factors?
• What are the different segments of the Automotive Sensor Market?
• What are the factors restraining the growth of the Automotive Sensor Market?
• What is the demand pattern of the Automotive Sensor Market?
• What major challenges could the Automotive Sensor Market face in the future?
• What segments are covered in the Automotive Sensor Market?
• Which segment dominates the Automotive Sensor Market, and why?
• Who are the key players in the Global Automotive Sensor market?
• What are the upcoming industry applications and trends for the Automotive Sensor Market?
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A comprehensive analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations
View a Brief Summary of the Report Here: https://www.maximizemarketresearch.com/market-report/automotive-sensors-market/13878/
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Global Sensor Market- The Market size was valued at USD 216.76 Bn in 2023 and is expected to reach USD 388.69 Bn by 2030, at a CAGR of 8.7 %.
Automotive Retail Market- The Market size was valued at USD 3.66 trillion in 2023 and the total Global Automotive Retail revenue is expected to grow at a CAGR of 7.15 % from 2024 to 2030, reaching nearly USD 6.22 trillion.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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