Automotive Electronics Sensors Market Size, Share, Growth, Trends, Applications and Industry Strategies to 2029

These sensors built into their engine to ensure that the owner can identify and prevent possible issues before they result in breakdowns can result in expensive repairs.Automotive sensors are swiftly gaining popularity among OEM especially in Asia-Pacific.

TE Connectivity Ltd. is one of the prevalent manufacturers in global automotive sensor market, helping consumers to get reliable vehicle performance even in extreme conditions.

Additionally, need for sensors in powertrain systems is constantly increasing, driven by stringent government regulations to increase fuel efficiency and reduce emission.

However, high cost pressure on OEMs is restraining the market growth.

Based on type, the market is segmented into pressure sensor, temperature sendsor, motion sensor, gas sensor, micro-electro-mechanical-systems (MEMS) sensor.

Out of these, MEMS sensor had a dominant share as compared to the other segments under this category in 2014.

Automotive Sensors Market Research Report: Information by Sensors Type (Pressure, Temperature, Position, Motion, Optical, Torque, Gas, Level and other Sensors), Technology (Micro-Electro-Mechanical Systems (MEMS), Non-Electro-Mechanical Systems (NON-MEMS) and Nano-Electro-Mechanical Systems (NEMS)), Vehicle Type (Conventional Fuel Cars, Alternative Fuel Car and Heavy Vehicles) and by Region (North America, Europe, Asia–Pacific and Rest of the World) - Forecast till 2025Market HighlightsAutomotive sensors market, as going by the trend, can gain impressive growth in the foreseeable future.

The global automotive sensors market is expecting a 7% CAGR during the forecast period (2017-2023), by achieving USD 35 billion by the year 2023, reveals Market Research Future (MRFR) in an elaborate study.

Further, the study also includes drivers, segmental analysis and regional analysis to understand the market dynamics for the future.Market Drivers & ChallengesThe miniaturization and mounting disposable income of the middle-class population are considered as the key factors driving the market growth of automotive sensors significantly.

The key companies are highly offering various types of automotive and commercial vehicle sensors that are designed to monitor the passenger compartment, power train, emissions, speed and suspension of vehicles, which is another factor motivating the market to grow at a higher level in the coming years.At the same time, the number of applications included in the automotive sensors such as measure position, angular rate, pressure, torque, flexible fuel composition, exhaust temperature, and ambient gas concentrations, long-range distance, short-range distance, engine oil quality, and more are creating popularity of automotive sensors in an extensive way.The above applications are widely used among companies as it offers the highest flexibility to assemble automotive supply and valuable requirements of the customers.

In case of point, Cypress Semiconductor Corp announced on October 26, 2017, to help Denso Corp in its latest automotive stereo vision sensor for Advanced Driver Assistance Systems to offer vehicle safety.

With these sensors, it uses image-processing techniques to detect obstacles on the road, which is yet another factor contributing to the market’s growth during the forecast period.Market PlayersThe outstanding players in the global automotive sensors industry are listed as Bourns Inc. (U.S.), Broadcom Limited (U.S.), Analog Devices Inc. (U.S.), Delphi Automotive LLP (U.K), Bosch Sensortech GmBH (Germany), Infineon Technologies AG (Germany).

The Global Automotive Sensors Market Report, is designed with the purpose of providing the complete overview regarding various market measures till the forecast period 2027.

This report is being developed using unique research systems and intelligence procedures by our team of professional analysts and scholars.

The report is highly competent of providing colossal data which is collected with the help of very precise methodology.

The report mainly focuses on the analysis based on recent and present changes in the industry.This Press Release will help you to understand the Volume, growth with COVID19 Impact Analysis.

) The data comprised in the report is drawn with help of segmental analysis, Porter’s Five Force analysis, competitive landscape and many other affiliated studies.

Our smart report on Automotive Sensors market can support the clients in clarifying the challenges regarding the various market measures.

Market Research Future (MRFR) study on the “Global Automotive Sensors Market” is an in-depth evaluation that provides a comprehensive overview of the industry.

Global Automotive Sensors Market is expected to be valued at USD 35 Billion by 2023 with CAGR of 7% during the forecast period.

The study covers the COVID-19 overview of the global market and offers a thorough explanation of market segments, current trends, growth forecasts, and market challenges from 2018 to 2023 (forecast period) to identify growth opportunities.The global automotive sensors market is spanned across Americas, Europe, Asia Pacific, and the Rest of world.

North America dominates the automotive sensors market due to growing adoption of innovative technologies that has positive implications for the future of transportation, which is propelling the automotive sensors market growth to a large extent.

In January 05, 2018, Denso Corporation, a leading automotive supplier acoss the world is leading in AI-powered technology and fresh approach with a startup, ActiveScaler, a developer of Managed Mobility-as-a-Service, is aiming to provide end-to-end MaaS businesses.

With this technology, the company is offering an advanced analytics and automation, high security, and regulatory compliance to their customers.The prominent players in the global automotive sensors market Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/959 Global Automotive sensors Market Segmentation The global automotive sensors market is segmented into sensor type, technology, vehicle types, and region.The sensor type segment is sub-segmented into Pressure Sensors, Temperature Sensors, Speed Sensors, Position Sensors, O2 Sensors, NOx Sensors, Inertial Sensors, Image Sensors and others.The technology segment is sub-segmented into Micro-Electro-Mechanical Systems (MEMS), Nano-Electro-Mechanical Systems (NEMS).The vehicle types segment is sub-segmented into low end, medium end, high end, heavy vehicle, electrical vehicles and others.The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.Regional Analysis:The North American region is experiencing a higher demand due to building of new multi-mode transportation and autonomous vehicles, which is widely used in the transportation sectors.

Today’s modern automobiles have a variety of sensors.

You may hear of several of them such as: Throttle position sensor, TPMS sensor.

These sensors built into their engine to ensure that the owner can identify and prevent possible issues before they result in breakdowns can result in expensive repairs.Automotive sensors are swiftly gaining popularity among OEM especially in Asia-Pacific.

TE Connectivity Ltd. is one of the prevalent manufacturers in global automotive sensor market, helping consumers to get reliable vehicle performance even in extreme conditions.Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/3059 Additionally, need for sensors in powertrain systems is constantly increasing, driven by stringent government regulations to increase fuel efficiency and reduce emission.

However, high cost pressure on OEMs is restraining the market growth.

Moreover, advanced technologies and innovations such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to open new growth opportunities for players operating in the automotive sensors market.The global automotive sensor market is categorized on the basis of type and component.Based on type, the market is segmented into pressure sensor, temperature sendsor, motion sensor, gas sensor, micro-electro-mechanical-systems (MEMS) sensor.Out of these, MEMS sensor had a dominant share as compared to the other segments under this category in 2014.Request for Table of Contents: https://www.trendsmarketresearch.com/report/requesttoc/3059 In addition, rising application of MEMS sensor in accelerometer, vehicle dynamics control, inertial brake lights, headlight leveling, automatic door locks, and active suspension systems amongst others, are factors responsible for the major contribution of this segment.Development in the field of ’Advance Driver Assistance Systems‘(ADAS) and hybrid and electric vehicle are showing promising the future opportunities for automotive sensors market.The report has also covered the key players in the automotive sensor market.Some of the key players are Continental AG, Robert Bosch GmbH., Denso Corporation, and Autoliv, Inc.