Automotive Position Sensors Market studied in New Research and know about all the trends, analysis and forecast upto 2021

New Research Report delves into Global Automotive Position Sensors market to gauge its current and future potential. It leverages historical statistics about the Automotive Position Sensors market, data from various other paid websites and sources, and inputs by the experts of the industry. It focuses completely on analyzing the regional subdivisions of the markets.
Increased awareness regarding vehicle safety and technological advancements are anticipated to drive the global demand for position sensor market. Escalating demand for navigation and GPS-enabled wearable devices and smartphones is expected to further entice growth.
Growing requirement of time-proven positioning sensing technology and highly customized solutions for mission critical needs in military and aerospace applications is anticipated to augment the demand for these sensors. Stringent vehicle emission regulations in several countries worldwide are encouraging the adoption across various verticals.
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The automotive sensors market is projected to grow at a CAGR of +14% and reach revenue of USD 17.08 billion by 2021. Automotive Sensors which are used in buses comprised nearly 30% in terms of overall automotive volume in 2016.The automotive sensors in trucks is estimated to grow at a highest CAGR of +15% during the forecast period.
The application of safety sensors which include RADARs, LIDARs, ultrasound sensors, infrared sensors and image sensors are rapidly increasing in light and heavy commercial vehicles. These safety sensors are basically used for V2V and V2X communication. The LIDARs are the latest type of sensors while image sensors are widely across the various applications. The combined output of all these sensors aids to enhance safety and control of the vehicles.
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Reason to Buy the Automotive Position Sensors Market Research Report:
This research, highlighting the current situation of the global Automotive Position Sensors market, focuses on answering some of the important questions faced by stakeholders. By providing answers to all of these questions related to the key drivers and dominant companies, the report’s authors also focus on different factors, which would create new growth opportunities in the global Automotive Position Sensors market. Prepared by an expert team, the report on the global market highlights recent developments, key trends, and new project developments in the market. As leading companies take efforts to maintain their dominance in the global market, the right way to do so is by adopting new technologies and strategies.
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