Automotive Sensor Market Trends – Growing demand for autonomous vehicles, APAC is expected to register the highest market share during the forecast period.
— Emerging research
VANCOUVER, BC, CANADA, June 23, 2022 /EINPresswire.com/ —
The global automotive sensor market is expected to reach USD 48.29 billion by 2027. The continuous development of automotive electronic sensor application and technology, growing concern for safety, increasing demand for automation in automobiles, the demand for concept cars from high-income consumers and increasing usage of sensors in mid-hybrid and electric hybrid cars is driving the demand for automotive sensors market
The use of sensors has been huge in the automobile. Sensors are used in almost every part of the vehicle like chassis, engines, clutch, brakes, transmission, control and safety. Automotive sensors are primarily used in powertrains to monitor speed, position, pressure, gas, and temperature inside the engine. These sensors are necessary for the safe and efficient operation of powertrains. Emission regulations and stringent fuel efficiency standards formulated by several governments of different countries are propelling the market growth in this segment. Respecting automotive analog temperature and pressure information for use by their digital control units is critical to meeting desired fuel efficiency and emissions regulations.
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COVID-19 impact analysis:
This report is the latest document encompassing the massive changes that have taken place in the Automotive Sensors market following the emergence of the COVID-19 pandemic. Pandemic has drastically affected the global economic landscape, thereby disrupting the working mechanism of Automotive Sensors market. The severe global crisis has prompted organizations to respond effectively to the rapidly changing business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with particular focus on the relevant industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future assessment of the impact of the pandemic on the Automotive Sensors industry. Therefore, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively under extreme economic uncertainties.
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Global Automotive Sensors Market Report – Table of Contents:
Chapter 1 includes the global Automotive Sensors market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 globally categorizes the Automotive Sensors market based on geography and determines the sales, revenue and market share of each region over the estimate period.
Chapter 3 details the competitive outlook of the Automotive Sensors Market, focusing on the major manufacturers and vendor landscape.
Chapter 4 comprehensively studies major manufacturers of Automotive Sensors industry and their forecasted sales and revenue share.
Chapter 5 includes market segmentation based on product type, application range, and market players.
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The global automotive sensors market has been categorized based on key geographical regions in North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. It assesses the Global Automotive Sensors Market presence in major regions with respect to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key Companies Featured in the Report:
Robert Bosch, Continental AG, Delphi Automotive, Denso Corporation, Infineon Technologies, Sensata Technologies, Allegro Microsystems, Analog Devices, Elmos Semiconductor, and CTS Corporation, among others.
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For the purposes of this report, Emergen Research has segmented the global automotive sensor market on the basis of type, vehicle type, propulsion, applications, and region:
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Resistance temperature detector
Temperature sensor IC
Ceramic pressure sensors
Complementary Metal Oxide Semiconductors (CMOS)
Charge Coupled Devices (CCD)
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Light commercial vehicle (LCV)
Heavy utility vehicle (HCV)
Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Battery electric vehicle
Fuel cell electric vehicle
Hybrid electric vehicle
Plug-in hybrid electric vehicle
Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Security and control
Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Rest of APAC
Rest of LATAM
United Arab Emirates
Rest of MEA
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Automotive sensor market size worth USD 48.29 billion by 2027
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