Global Automotive Sensors Market Projected to grow at a CAGR of 7.8% over the Forecast Period 2016-2024

New York, USA, 2018-Sep-20 — /EPR Network/ —According to Goldstein Research, the global automotive sensors market is expected to harness USD 43.7 billion by 2024 from USD 24.7 billion, growing at a CAGR of 7.8% over the forecast period 2016-2024. Passenger safety concerns, rising sales of vehicles, regulatory mandates for fuel emission standards, improving fuel efficiency, the necessity of safety systems and increasing manufacturing of autonomous vehicles are the key factors driving the automotive sensors market. Sensors used for advanced driver-assistance systems (ADAS) applications are anticipated to be the major growth segment in the global automotive sensors market. Global automotive sensors market is largely dominated by Asia-pacific region owing to increasing sales of automobiles, the emergence of connected vehicles market, stringent safety and fuel emission regulation by the governments and high manufacturing of the sensors in the region.

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Market Segmentation

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 Region

  • North America Automotive Sensors Market Analysis, 2016-2024
  • Europe Automotive Sensors Market Analysis, 2016-2024
  • The Middle East And Africa Automotive Sensors Market Analysis, 2016-2024
  • Latin America Automotive Sensors Market Analysis, 2016-2024
  • Asia Pacific Automotive Sensors Market Analysis, 2016-2024
  • Rest Of The World Automotive Sensors Market Analysis, 2016-2024

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“Global Automotive Sensors Market Outlook 2024” includes a comprehensive 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 type, applications, vehicle type, and geography.

The Global Automotive Sensors Market Analysis Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of the automotive sensors market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the global automotive sensors market analyzed in the report are: Robert Bosch GmbH, General Electric Company, Denso Corporation, Freescale Semiconductor, Delphi Automotive, Analog Devices Inc., Casco Automotive Group, Infineon technologies, Sensata Technologies, etc.

Further, Global Automotive Sensors Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Automotive Sensors Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the industry, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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