According to Goldstein Research, Inclination of people towards safety features such as driver attention detection systems, airbags, emergency braking and cruise control. Miniaturization and advanced communication capabilities are the major trends driving the global automotive sensors market, which enables the integration of sensors in automobiles without intruding the basic functionality of the vehicle. Further, technological advancements such as big data, IoT, telematics, and autonomous cars will further boost the automotive sensors market growth. Global automotive sensors market outlook also includes new business models, product developments and capital investment as the key strategies adopted by the major players for a significant expansion of business in developed and as well as in developing countries across the globe. Additionally, automotive sensor’s demand in the aftermarket for retrofitting of advanced systems into existing vehicles is also expected to enhance the demand of sensors in the aftermarket.
Market Segmentation
On the basis of our in-depth analysis, global automotive sensors market can be segmented as follows:
- By Sensors Type
- Temperature
- Pressure
- Speed
- Level/Position
- MEMS (Microelectromechanical systems)
- Magnetic
- Gas
- Inertia
- LiDAR (Light Detection And Ranging)
- Others (NOx Sensors etc.)
- By Applications
- Powertrain
- Chassis
- Body Electronics
- Vehicle Security Systems
- Alternative Fuel Vehicle
- Telematics
- By Vehicle Type
- Passenger Cars
- Commercial vehicles
- Others (Two wheelers)
- By Geography
- North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}
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Automotive Sensors Industry Trends & Challenges
“Global Automotive Sensors Market Outlook 2024” contains a detailed overview of the global automotive sensors market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by sensors, by application, and by vehicle type.
Further, for the in-depth analysis, Automotive Sensors Industry Analysis encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Robert Bosch GmbH, General Electric Company, Denso Corporation, Freescale Semiconductor, Delphi Automotive, Analog Devices Inc.etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive sensors market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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