Global Automobile Sensors Market Research and Forecast 2018-2023

Automobile sensors Market are capable of analyzing physical, temperature and chemical change in an automobile and are able to create a response for the same. Application of automobile sensor include improving fuel efficiency, energy optimization and improving overall car experience. The major factor that augments the global automobile sensor market is rising sensors usage in automobile owing to strict government regulations towards safety.

The global automobile sensor is segmented on the basis of sensor type, sensor for driverless car, and vehicle type. The sensor type segment is further bifurcated into throttle position sensor, manifold absolute pressure sensor, engine coolant temperature sensor, mass air flow sensor, crankshaft position sensor, detonation sensor, oxygen sensor, airbags sensors, intake air temperature sensor, ECR position sensor, parking sensor, automobile image sensor, speedometer, others. In the sensor in driverless car segment, the market is bifurcated into Light Detection and Ranging (LIDAR), global positioning system, vision-based cameras, radar, ultrasonic, wheel speed sensors, and cruise control system. In vehicle type segment, the market is bifurcated into compact and entry level, mid-size, commercial vehicle, luxury vehicle, electric vehicle, and driverless car.

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Global automobile sensors market is divided regionally into North America, Europe, Asia Pacific and Rest of the World. APAC region is growing with a significant growth and may dominate the overall global automobile sensor market. The promising economic growth potential in emerging countries such as India and China are responsible for augmenting the demand for commercial vehicle in this region. This increases the demand for commercial vehicles, which will induce numerous car manufacturers to establish their manufacturing units in APAC. The manufacturer’s increasing investments in technology and modern mass production systems will aid in the growth of the global market during the forecast period. The APAC is followed by Europe in terms of growth. Europe automotive sensor market is growing owing to the expanding popularity and demand for electronically connected automobiles.

The key players in the global automobile sensors market include Allegro Microsystems, LLC, Analog Devices Inc., Autoliv, Inc., Bosch, Bourns Inc., Continental, Delphi Automotive Plc., Denso, and so on. Partnerships, R&Ds, M&As, and product launches are the key strategies adopted by the global automobile sensors market.