Automotive Speed Sensor Market to grow at a CAGR of 2.98% during 2017-2021: Bosch, Continental, Delphi Automotive, TE Connectivity, and Infineon Technologies

MarketResearchNest.com adds “Global Automotive Speed Sensor Market 2017-2021” new report to its research database. The report spread across 72 pages with table and figures in it.

Research analysts forecast the global automotive speed sensor market to grow at a CAGR of 2.98% during the period 2017-2021.

About Automotive Speed Sensor
A sensor is a device that detects the changes occurring in the immediate environment by sensing the stimulus change and updates the system electronically. Sensors are used in various industries such as chemical and automotive. A sensor sends electronic signals that are measured and recorded. Based on the given information, a corrective change is executed. There are various types of automotive sensors, such as pressure sensors, wheel speed sensors, temperature sensors, fluid level sensors, and emission sensors. The global automotive industry consists of passenger cars, which are mainly used for personal mobility. The commercial vehicles segment is further classified into light commercial vehicles (LCV) and heavy commercial vehicles (HCV), which are primarily used for commercial purposes. There has been a sharp rise in the production of passenger cars due to rise in population, along with changing lifestyle and growing income of the people in developing countries, such as India, China, and other APAC countries. With the increase in disposable income and changing lifestyle in developing countries, passenger cars have become a necessity for mobility and no longer a status symbol.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive speed sensor market for 2017-2021. To calculate the market size, the report considers the new installations/shipments/sales.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-automotive-speed-sensor-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Speed Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global automotive speed sensor market: Bosch, Continental, Delphi Automotive, TE Connectivity, and Infineon Technologies.

Other Prominent Vendors in the market are: ACDelco, Allegro MicroSystems, FTE automotive, Körber, MSIL, Pricol, SpecTec, Standard Motor Products, and Wells Vehicle Electronics.

Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Turbocharger speed sensor. Increasing demand for improved fuel-efficiency and the need for low engine emissions are some of the major factors that are regulating the automotive industry. Turbocharger speed sensor technology is a key to meet this regulatory standard, and simultaneously deliver improved engine performance for both commercial vehicles and passengers cars. Another added advantage of using turbocharger speed sensor is that it regulates the air flow in the engine at a much faster rate and more accurately.”

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According to the report, one of the major drivers for this market is Growth of electronics in automobiles to measure vehicle performance. Recently, there have been continuous efforts by vehicle manufacturers to make their automobiles more advanced, and make them more compatible to integrate personal electronic devices such as iPods, tablets, and smartphones for infotainment purposes. Currently, the auto electronic system is controlled by sensors that carry out all the primary functions from fuel to diagnosing a problem. Automotive sensors find their application everywhere starting from a simple thing such as detecting the temperature outside, sensing speed, and pressure. In fact, sensors perform essential tasks that are directly related to the safety of the vehicle and the user riding it.

Further, the report states that one of the major factors hindering the growth of this market is Harsh and rough conditions affect efficiency of sensors. Sensors tend to operate in very harsh and extreme conditions where they have the task to measure accurately. Extreme weather conditions and changing temperature, pressure, shock, and radiation are some extreme conditions to which sensors are exposed. The main challenge here is to place the sensor close to the part which is to be measured for better accuracy and reliability. It is also essential to consider the type or the kind of materials that are used to make sensors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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