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Automotive electronics sensor market

The global automotive electronics sensor aftermarket is expected to progress at 4.15% CAGR during the forecast period. The global automotive electronics sensor aftermarket is expected to witness substantial growth during the forecast period.

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Automotive electronics sensor market

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  1. Automotive Electronics Sensor Market www.marketresearchfuture.com

  2. Market Highlights: The global automotive electronics sensor market is poised to surpass USD 31,05,584.6 thousand at 4.15% CAGR over the estimated years (2018-2025). An automotive electronic sensor is used for facilitating easy decision-making resting on the data offered by different sensors which are incorporated on the cars onboard computer systems. The automotive electronics sensor also aids automotive manufacturers in making their products energy-efficient, safer and convenient. There are ample factors that is boosting the growth of the automotive electronics sensor aftermarket market. These factors as stated by the Market Research Future (MRFR) report include increasing production of cars worldwide, stringent government regulations, increasing vehicle electrification and growing demand for automotive electronics sensor for the comfort and convenience. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/automotive-electronics-sensor-aftermarket-market-7708

  3. Segmentation: Based on type, it is segmented into speed sensor, pressure sensor, position sensor, temperature sensor, LiDAR sensor, oxygen sensor and others. Of these, oxygen sensor will have the largest share in the market over the estimated years. This is owing to reduced exhaust emissions and burgeoning demand for enhanced fuel efficiency. Based on application, the automotive electronics sensor aftermarket market is segmented into telematics, safety and control, body electronics, powertrain and others. Of these, powertrain will dominate the market over the estimated years. Based on vehicle type, it is segmented into heavy commercial vehicle, light commercial vehicle and passenger car. Of these, passenger car will lead the market over the estimated years.

  4. Regional Analysis: automotive electronics sensor aftermarket market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, APAC will have a promising growth in the market over the estimated years. This is owing to the region’s increase in car sales as sensors are utilized to measure the tire pressure monitoring system to improve the fuel efficiency, vehicle safety and engine control. Also, high automotive sales in Indonesia, Australia, South Korea, New Zealand, Japan, India and China will contribute to the market growth here. These sensors are used in different systems of an electric vehicle namely vehicle security and safety, body electronics, powertrain and chassis. Hence, the growth in electric vehicles is predicted to propel the growth of the automotive electronics sensor aftermarket market in this region. Moreover, the increasing regulations laid down by the government concerning emission and vehicle safety and the emphasis to provide electronic sensors in engine emission and advanced driver assistance system in North America and Europe are factors that are predicted to boost the automotive electronics sensor aftermarket market growth over the estimated years.

  5. May 2019 - Bosch has launched a new sensor box “plug-and-play” for air vehicles. The sensor suite comprises of MEMS (microelectromechanical) acceleration sensors which will record the movement of the aircraft together with built-in yaw-rate sensors which will help to track the angle of attack. Pressure sensors will measure the altitude from the barometric pressure that will help in determining the current speed of the vehicle while magnetic field sensors will measure compass headings.

  6. Competitive Analysis Some of the prominent players operating in the global electronics sensor aftermarket report are Standard Motor Products, Inc. (US) NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Delphi Technologies (UK), Valeo (France), Continental AG (Germany), Denso Corporation (Japan), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), and Sensata Technologies, Inc. (US). Robert Bosch GmbH is continuously investing in its mobility solutions segment for developing new products and focuses on improving the overall performance of an automotive in order to increase its market share in automotive electronic sensor aftermarket. It focuses on understanding its customers’ needs and using this knowledge to find the best solutions for developing products to achieve excellence in all areas and accomplish the expected growth. Furthermore, the company has efficient processes, lean structures, and high productivity rates to secure and increase its value.

  7. Contact: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

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