Automotive Sensors Market Estimated to Grow From USD 24.7 Billion in 2016 at a CAGR of 7.8% over the Forecast Period 2016-2024

Posted on 2018-10-26 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Oct-26 — /EPR Network/ —According to Goldstein Research, automotive sensors market size is projected to reach USD 43.7 billion by 2024 from an estimate of USD 24.7 billion in 2016, growing at a compounded annual growth rate of 7.8% during the forecast period 2016-2024.

The prospective high growth of autonomous vehicles market in near future and rising sales of electric vehicles in the present scenario is driving the demand for automotive sensors by the automotive manufacturers to ensure passenger & vehicle safety. Global automotive sensors market segmentation has been carried out on the basis of sensors type, applications, vehicle type and geography. By 2030, the total sales of automated vehicles are estimated to reach 12 million units.

Global automotive sensors market is largely driven by the Asia Pacific and closely followed by the Europe market share. APAC accounts for high automobile sales, fuel emission regulations, safety laws and emerging market of connected vehicles, driving the growth of the automotive sensors market in the region.

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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 Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Automotive Sensors Market Analysis” 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 type, applications and vehicle type.

Further, for the in-depth analysis, Automotive Sensors Market Report encompasses the market 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 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., Casco Automotive Group, Infineon technologies, Sensata Technologies, 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 market 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.

Impact on Global Automotive Sensors Industry by various growing technologies and industries:

As the automotive industry is turning around with the technological fold, automotive sensors manufacturers are experiencing high demands from various automotive makers across the globe. Technological advancement in automotive sensors and vehicle telematics market growth leads to increasing the number of connected cars across the globe. The Middle-East and Africa connected cars market accounted for USD 0.935 billion in 2016 and expected to reach USD 8.6 billion by the end of forecast year i.e. 2024.

Key questions answered in this Global Automotive Sensors Report

What is the Global Automotive Sensors Market Size by 2024 and what would be the expected growth rate of the market?
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 market?
What are the major barriers to automotive sensors market growth?
Who are the key vendors in this market space?
What are the market 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 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 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.

Market Segmentation

By Sensors Type

By Applications

By Vehicle Type

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