Automotive Sensors Market By Type (Temperature Sensors, Position Sensors, Oxygen Sensors, Knock Sensors, Speed Sensors, Image Sensors and Car Parking Sensors), By Application (Powertrain, Chassis Control, Exhaust, Body Electronics and Others), Industry trends, Estimation & Forecast, 2015 – 2024
Automotive Sensors Market is expected to grow with a CAGR of x.x% during the forecast period of 2018 to 2025.
Automotive sensors are devices, which detect, measure and analyze the performance of vehicles. It helps in detecting heat, speed, position, fuel efficiency, temperature, vehicle’s operating conditions and safety needs of the vehicle. Because of technological advancements, most of the vehicle is equipped with plenty of sensors that provide information on various parameters ensuring comfort and safety. Sensors also calculate vehicle distance from speed breakers, controls battery temperature, protects engine from knocking and controls the emission rate.
Some of the factors that drive the growth of automotive sensor market are customer’s concern about vehicle safety and introduction of luxury and concept cars in the market. Growing popularity of IoV (Internet of Vehicle) and automotive application gives an edge in market growth. Government across the globe has tightened the safety norms of vehicles, which adds another important factor that drives the growth of this market. Adoption of automotive oxygen sensors and on-board vehicle health monitoring and diagnostic systems promote the growth in this market to its customers. However, high cost and lack of after sales services restricts the market growth of automotive sensors. Crash avoidance technology, also known as ADAS (Advanced Driver Assistance System) is likely to bring new growth opportunities in near future.
Automotive Sensors Market Segmentation
• Temperature Sensors
• Position Sensors
• Oxygen Sensors
• Knock Sensors
• Speed Sensors
• Image Sensors
• Car Parking Sensors
• Chassis Control
• Body Electronics
• North America
o Rest of Europe
o South Korea
o Rest if APAC
• Rest of the World
o Latin America
o Middle East
Table of Content
List of Companies
What Information does this report contain?
• What was the market size of the Automotive Sensors Market in 2016 and the expected market size by 2024, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2016 – 2024)?
• Which are the leading companies in the Automotive Sensors Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
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