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Automotive Sensor Market to Rising a CAGR 10.4 % Till 2027

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive sensor market was valued at around USD 17 billion in 2019 and is expected to register revenues worth USD 39.41 billion by the end of 2027, growing at an exceptional CAGR of approximately 10.4% between 2020 and 2027.

Automotive Sensor

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Growth Factors:

Increased sales of electric and hybrid vehicles drive the market growth. Furthermore, charging stations and other related technology to electric and hybrid vehicles propel the growth of automotive sensors in the coming years. Moreover, increased application of pressure and gas sensors to enhance the vehicle safety significantly propels the growth of sensor technology in the automotive sector. The pressure and gas sensors are largely applicable to control and monitor the gas emission and fuel efficiency of the vehicle.

Scope of the Report

A recent study by Precedence Research on the automotive sensor market offers a forecast for 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of the automotive sensor market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of automotive sensor. The study also provides the dynamics that are responsible for influencing the future status of the automotive sensor market over the forecast period.

A detailed assessment of the automotive sensor market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the automotive sensor market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights
  • The Asia Pacific is the most promising region for the global automotive sensor market growth. Large consumer base, increased disposable income and purchasing capacity of the public are some of the prime factors that drive the market growth in the region.
  • North America and Europe are the significant revenue contributors in the global automotive sensor market. They are the prior adopters of sensor technology in various fields of application. In addition, their growth is also governed by the flourishing demand for advanced driver assistance system (ADAS) and other advanced sensor equipped automotive electronics.
  • Speed sensor dominated the global automotive sensor market in 2019. Prime factor driving the growth of the segment is increased application in monitoring and controlling the speed of the vehicles. Speed sensor continuously monitors the speed of the vehicle and passes on information to the controlling device if it exceeds the maximum speed limit. This prevents the vehicle from collision.
  • By application, powertrain led the global automotive sensor market with significant revenue share in 2019. This is mainly attributed to large number of sensors used in powertrain to monitor speed, position, gas, temperature, and pressure for safe and efficient operation.
Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Some of the prominent players in the automotive sensor market include:
  • Robert Bosch
  • AUTOLIV INC
  • DENSO Corporation
  • Valeo
  • Continental AG
  • Sensata Technologies
  • Delphi Automotive Company
  • STMicroelectronics N.V
  • NXP Semiconductor
  • Infineon Technologies AG

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Segments Covered in the Report

By Type Outlook

  • Pressure Sensors
  • Temperature Sensors
  • Speed Sensors
  • Motion Sensors
  • Gas Sensors

By Application Outlook

  • Chassis
  • Powertrain
  • Safety & Security
  • Body Electronics
  • Telematics

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Read also@ Automotive Paints & Coatings Market growth at a CAGR of 8.2% by 2027

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global automotive sensor market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive sensor market.

The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.

Why should you invest in this report?

If you are aiming to enter the global automotive sensor market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive sensor are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Market Variables and Scope

Chapter 5. Market Dynamics Analysis and Trends

Chapter 6. Competitive Landscape

Chapter 7. Global Automotive Sensor Market, By Product

Chapter 8. Global Automotive Sensor Market, By Application

Chapter 9. Global Automotive Sensor Market, Regional Estimates and Trend Forecast

Chapter 10. Company Profiles

Chapter 11. Research Methodology

Chapter 12. Appendix

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About Us

Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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