|
|
(Transportation-News.com, July 15, 2017 ) According to the new market research report on the "Automotive Sensors Market by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Exhaust, Body Electronics, Safety & Control, Telematics), Vehicle Type, and Geography - Global Forecast to 2023", the automotive sensors market is expected to be worth USD 36.42 Billion by 2023, growing at a CAGR of 6.71% between 2017 and 2023.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=426
Browse 68 Market Data Tables and 56 Figures spread through 207 Pages and in-depth TOC on "Automotive Sensors Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/automotive-sensors-market-426.html
Early buyers will receive 10% customization on this report.
The growth of the automotive sensors market is driven by the factors such as increasing motor vehicle production worldwide, increasing vehicle electrification, stringent government regulations, and growing consumer demand for sensors for the convenience and comfort.
“Position sensors to hold the largest share of the automotive sensors market”
The position sensors held a major share of the automotive sensors market based on sensor type in 2016. Crankshaft, camshaft position sensors, and throttle position sensors, among others form vital parts in the functioning of a car. The number of position sensors in economy cars is increasing in applications such as seat position and window position sensing. The increasing production of cars will further drive the demand for position sensors.
“Passenger cars to have the largest share in the automotive sensors market”
Passenger cars currently account for the largest shipment, i.e., ~76% of the total automotive production worldwide. Sensors in passenger cars help in improving the performance of the car along with significantly enhancing the safety and reducing the emission. The improving infrastructure, cheap labor, and increase in purchasing power of consumer, and demand for safer vehicles have directly fueled the demand for automobiles in emerging economies such as China, India, and Brazil where the penetration of automobiles is significantly lower.
“Maximum number of automotive sensors are being installed in APAC”
APAC accounted for the largest share of the total automotive sensors market in 2016. The presence of developing countries such as India and China contributes to the growth of automotive sensors market in this region. China leads the production of automobiles in the world and is expected to lead the automobile production worldwide in the forecast period. The Government of the People’s Republic of China has placed special emphasis on promotion and adoption of energy-efficient plug-in hybrid EV and pure EV. China is expecting 35 million vehicle sales by 2025 and wants new energy vehicles (NEVs) to make up at least 20% of that total market. All these factors will further help in the growth of the automotive sensors market in the region.
The report profiles the most promising players in the automotive sensors market. The key players in the automotive sensors market are Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Analog Devices, Inc. (US), Sensata Technologies, Inc. (US), Delphi Automotive PLC (UK), Infineon Technologies AG (Germany), and STMicroelectronics (Switzerland), among others.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=426
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr.Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
Source: EmailWire.com
|
