Industry Insight
Market Research Future (MRFR), highlights that the “Global Automotive Electronics Sensor Aftermarket Market 2020” is expected to grow exponentially, securing a significant market valuation and expected to reach USD 9,600 Million by the end of forecast period and a vigorous CAGR of 4.15% over the evaluation period of 2017-2025. The report also refers to the influence of the novel COVID-19 pandemic on the market.
Trending Factors & Drivers
Automotive electronics sensor aftermarket market to experience a remarkable growth as automotive manufacturers is making their products energy-efficient, safer and convenient. After this, rising production of cars globally, mounting vehicle electrification, stringent government regulations, and upward demand for automotive electronics sensor for the comfort and convenience has also motivated the market to a great extent.
More factors stated by the Market Research Future (MRFR) report include the rising concern about emission norms, greenhouse gas emissions and fuel economy getting stringent in various parts of the world, rigid rules laid down by the government for security and fuel emission have helped a great deal to shape the automotive industry amid COVID 19 outbreak.
Top Competitors
The top players of global automotive electronics sensor aftermarket are listed as BorgWarner Inc. (US), NGK Spark Plug CO., LTD (Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), Continental AG (Germany), Valeo (France), Hella GmbH & Co. KGaA (Germany), Denso Corporation (Japan), and Sensata Technologies, Inc. (US).
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Segmentation:
- In terms of type segment, the global automotive electronics sensor aftermarket has included a LiDAR sensor, oxygen sensor, position sensor, temperature sensor, speed sensor, pressure sensor, and others.
- In terms of application segment, the global automotive electronics sensor aftermarket has included body electronics, power train, telematics, safety & control, and others.
- In terms of vehicle type segment, the global automotive electronics sensor aftermarket has included light commercial vehicle, passenger car, and heavy commercial vehicle.
Regional Analysis:
Regionally, the global automotive electronics sensor aftermarket, has been studied for the regions of Asia-Pacific (APAC), Europe, North America, and the rest of the World.
The Asia-Pacific market is highly expected to offer capable expansion opportunities for the automotive electronics sensor aftermarket with high automotive vehicle sale in India, China, New Zealand, Japan, Australia, South Korea, and Indonesia. These regions grabbed 42.58 million units in 2017. The automotive electric sensors are used in different systems of the electric vehicle, such as body electronics, power train & chassis, security and vehicle safety. Thus, the development of electric vehicles is probable to motivate the automotive electronics sensors market in this region.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive electronics sensor aftermarket Market Segmentation
- Automotive electronics sensor aftermarket Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
Continued………
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Market Research Future (MRFR) report on the “Global Recreational Vehicle Market (2019-2025)” addresses the COVID-19 analysis of a critical factor affecting the market growth.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
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Market size by End User
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