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Automotive Sensor Market Size, Share, Industry Trends, Demand and Growth by 2023
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Based on the type, the global automotive sensor market can be broadly classified, as temperature sensor, pressure sensor, speed sensor, position sensor, gas sensor, accelerometer, gyroscope inertial combo sensor (combination of accelerometer and gyroscope) and others. On the basis of different application of sensors in automotive industry, the global automotive sensor market can be bifurcated, as powertrain, body electronics, vehicle security system, safety and control, telematics, and others.
Based on vehicle type, the global automotive sensor market can be classified as passenger cars, electric and hybrid vehicle, and other vehicles. Based on product, the global automotive sensor market can be classified as physical property, chemical property, process variables, proximity and positioning; and others.
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The physical property segment is expected to become the largest market segment, during the forecast period. They are used in monitoring of moisture, pressure, temperature, and others. Powertrain was the largest market by application in 2014 which is expected to retain its leadership position, during the forecast period owing to their increased use in measuring essential parameters, including fuel injection pressure, intake air temperature, oil pressure, and coolant temperature.
Asia pacific was the largest and fastest growing automotive sensor market in 2014. The market dominance of Asia Pacific is attributed to significant growth in automotive manufacturing capacity in developing countries, such as China and India. Moreover increasing demand of passenger vehicle in developing countries also boosted up the demand of automotive sensor in the region. North America is also witnessing considerable growth in the passenger car segment after recovering from economic slowdown. The U.S., Germany, Italy, Japan, China, India, the U.K., Brazil, and France are some of the major automotive sensor market.
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Some of the competitors in the automotive sensor market are Texas Instruments, Tekscan, Sensata Technologies, Robert Bosch GMBH, Measurement Specialties, Maxim Integrated, Infineon Technologies, GE Measurement & Control Solutions, Freescale Semiconductor, Denso Corporation, ATI Industrial Automation, Asahi Kasei Corporation, and Analog Devices.
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