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Automotive Sensor - Global Market Outlook (2019-2027)

Automotive Sensor - Global Market Outlook (2019-2027)

4.6 (91 reviews)
Published: August 2020 ID: SMRC19744
4.6 (91 reviews)
Published: August 2020 ID: SMRC19744

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive Sensor Market is accounted for $30.57 billion in 2019 and is expected to reach $60.47 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Growing use of substitute fuel vehicles and rising electrification in automobiles is the major factor propelling the market growth. However, less importance for diesel cars is hampering the market growth.

Sensors are kind of transducers which notice the variation in its environment owing to mechanical change and move it as electric or optical signal to the concerned component. In automotive, sensors are used to expand a centralized control system for the vehicle. Sensors are installed in vehicles to enlarge reliability of the vehicle and safety of the passenger. Different sensors such as pressure sensors, temperature sensors, position sensors, speed sensors, oxygen sensors, NOx sensors and many other sensors are used in automotive.

Based on the application, the powertrain segment is estimated to have a lucrative growth due to it is used to monitor position, speed, gas, pressure, and temperature. These sensors are required for professional and safe operations of powertrain and assist the automobile engines in burning fuel economically by providing precise data to engines to optimize the fuel consumption according to needs of the automobiles. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rising per capita income of the middle-class population, and cost advantages for original equipment manufacturers (OEMs). The region is well-known for producing compact and cost-effective cars and comprises some of the fastest-developing economies of the world.

Some of the key players profiled in the Automotive Sensor Market include Allegro Microsystems, LLC, Analog Devices, Inc, APTIV, Autoliv Inc, Continental AG, CTS Corporation, Delphi Technologies, Denso Corporation, Elmos Semiconductor AG, Infineon, NXP Semiconductors, Robert Bosch, Sensata PLC, Stmicroelectronics, TE Connectivity and ZF Friedrichshafen.

Sensor Types Covered:
• Temperature Sensors
• Pressure Sensors
• Position Sensors
• Current Sensors
• LiDAR Sensors
• Particulate Matter (PM) Sensors
• Proximity Sensors
• Radars
• Relative Humidity Sensors
• Ultrasonic Sensors
• Gas Sensors
• Inertial Sensors
• Image Sensors
• Motion Sensors
• Speed Sensors
• Level Sensors
• Safety Sensors

Products Covered:
• Physical Property
• Process Variable
• Proximity & Positioning
• Chemical Property

Technologies Covered:
• Micro-Electro-Mechanical Systems
• Nano-Electro-Mechanical Systems

Working principles Covered:
• Capacitive
• Inductive
• Magnetic
• Optical
• Piezoelectric

Vehicle Types Covered:
• Passenger Cars
• Trucks
• Buses
• Two-wheelers

Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
• Original Equipment Supplier (OES)

Applications Covered:
• Body Electronics
• Brakes System
• Chassis
• Clutch System
• Engine
• Exhaust
• Fuel Injection and Emission
• Powertrain
• Safety & Control
• Telematics
• Transmission
• Vehicle Security
• Engine & Drivetrain

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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