Press release
Market Forecast and Growth 2017: Global Automotive Sensors Market Segmented By Sensors Type (Temperature Sensor, Pressure Sensors), By Vehicle Type(Passenger car, LCV, HCV),By Application (Powertrain, Chassis),By Geography (North America, Europe, Asia-Pac
Global Automotive Sensors Market – Industry Trends and Forecast to 2024
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Market Analysis:
The Global Automotive Sensors Market accounted to USD 23.0 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition:
Automotive sensors are electronic devices, which is used to monitor the various components present in the vehicles.
Competitive Analysis:
Automotive sensors market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive sensors market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraints:
• Increasing electrification in the automotive industry
• Stringent government regulations
• Increase in number of vehicle production
• Consumer demand for safety
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Market Segmentation:
On the basis of sensor type, the automotive sensors market is segmented into temperature sensor, pressure sensors, position sensors, oxygen sensors, speed sensors, and other sensors.
On the basis of vehicle type, the automotive sensors market is segmented into passenger car, LCV, HCV.
On the basis of application, the automotive sensors market is segmented into powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others.
On the basis of geography, automotive sensors market report covers data points for 28 countries across multiple geographies such as
• North America & South America
• Europe
• Asia-Pacific
• Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Top Market Competitors:
Some of the major players operating in automotive sensors market are Analog Devices Inc., Autoliv Inc., Allegro MicroSystems, LLC, Bourns Inc., Continental AG, Delphi Automotive LLP, DENSO CORPORATION, Elmos Semiconductor AG, GENERAL ELECTRIC Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Sensata Technologies, Inc., Stoneridge, STMicroelectronics, TE Connectivity Corporation., and Takata Corporation among others.
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