Asia-pacific Accounts for Largest Automotive Sensor Market Share

The industry analysis report on automotive sensors market published by Goldstein Research shows that the 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 the 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.

The global automotive sensors market is expected to increase at a CAGR of 7.8% over the forecast period i.e. 2016-2024. The global automotive sensors market is accounted for USD 24.7 billion in 2016 and anticipated to reach USD 43.7 billion by 2024 whereas sensors market in all industries is set to harness market revenue of USD 250 billion by 2025 growing at a CAGR of 11.60% over the forecast period (2017-2025).

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 the 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) }

Global Automotive Sensors Market report contains the 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.

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The Global Automotive Sensors Market 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 research report also includes the portfolio of some major players in the industry 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.

Key questions answered in this Global Automotive Sensors Market Report

• What is the global automotive sensors market Size by 2024 and what would be the expected growth rate of the industry?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the automotive sensors market trends?
• What are the factors which are driving this industry?
• What are the major barriers to automotive sensors industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

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Our industry research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

With more than 12 years of experience in Market Research Industry, I have scaled up my skills in strategic consulting as well. Currently working as a Director in the Research Department in a well known U.S. based market research & advisory firm.