- Size, Trend, Share, Opportunity Analysis, and Forecast, 2018-2025
The global market was valued at $ 20,458 million in 2014 and is likely to garner $ 34,654 million in 2025, growing at a CAGR of 5.36% during the forecast period, 2018-2025.
Automotive sensors are an important component of an automobile. Such devices monitor and control the chemical, physical, and process changes of automobiles. They transform physical elements such as pressure or acceleration into output signals that act as inputs for control systems. They help reduce the fuel consumption, minimize the onboard weight of a vehicle and abide by government regulations towards the passengers safety. The main areas of system applications for automotive sensors include powertrain, chassis, and body. Automotive sensors are gaining popularity worldwide due to their benefits. Consumers are showing a growing interest in technologically advanced sensors as they provide comfort and economy.
Market Drivers and Restraints:
The automotive sensors market report analyses the drivers and restraints affecting the growth of the industry. The increasing demand for automotive sensors in hybrid and electric cars, favorable legislation for use of automotive sensors, and consumers concerns regarding vehicle security and environmental safety are likely to propel the growth of the industry. On the other hand, high development cost associated with raw material is likely to hinder the market growth.
The report studies the automotive sensors market based on its segmentation. The industry is segmented based on type, application, and geography. By type, the market is bifurcated into temperature sensor, gas sensor, pressure sensor, motion sensor, and MEMS sensor. Based on application, the market is classified as chassis, powertrain, body electronics, and safety & security. In North America, the market is analyzed across the U.S., Canada, and Mexico. In Europe, the industry is studied across the regions such as Germany, UK, France, Italy, and the rest of Europe. In Asia-Pacific, the market analysis covers China, Japan, South Korea, Singapore, and the rest of Asia-Pacific. The market analysis in the LAMEA region covers Brazil, Argentina, South Africa, UAE, Saudi Arabia, Chile, and others.
Key Market Players:
The report includes a mention of the major players operating in the global automotive sensors industry. They include Robert Bosch GmbH (Germany), Denso Corporation (Japan), Valeo Pvt. Ltd (France), Delphi Automotive LLP (UK), Hitachi Appliances Inc. (Japan), Continental AG Corporation (Germany), Sensata Technologies Inc. (US), Infineon Technologies AG (Germany), Autoliv Inc. (US), NXP Semiconductors (US), and STMicroelectronics N.V (Switzerland).
Key Benefits from the Report:
The report explains the global automotive sensors industry with the help of automotive sensors market size, automotive sensors market share, market forecast, automotive sensors market outlook, Porters analysis, market dynamics, automotive sensors market trends analysis, automotive sensors industry statistics, and key market segments. The report is a useful tool for market players, stakeholders, and investors for making informed business decisions and sound business goals. The automotive sensors market size helps market players and investors plan their businesses estimate the overall potential of the market. The automotive sensors market share analysis helps determine how the companies are performing as compared to their competitors. The Porters Five Forces Analysis evaluates the five forces that influence the competitiveness of the industry. The five forces that make up the model include the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, industry rivalry, and the threat of new entrants. The automotive sensors market forecast is based on the current and past market trends. The market dynamics include the drivers and restraints causing the growth of the industry to rise or fall. The automotive sensors market analysis report also outlines the key players providing solutions in the field. Apart from the overview of these players, the report also divulges information about their financials and business segments as well as their recent developments.
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