Automotive Sensors Market Sales, Revenue, Price and Growth Rate to 2023

1. Automotive Sensors Market Sales, Revenue, Price and Growth Rate to 2023 “The automotive sensors market based on sensor type has been further segmented into temperature, position, inertial, speed, pressure, oxygen, NOx, image, and other sensors. Others sensors include radar, ultrasonic, rain, relative humidity, particulate matter, LIDAR, and proximity sensors.” The Automotive Sensors Market was valued at USD 22.94 Billion in 2016 and is expected to reach USD 36.42 Billion by 2023, at a CAGR of 6.71% between 2017 and 2023. The major factors that drive the market for automotive sensors are increasing motor vehicle production worldwide, increasing vehicle electrification, stringent government regulations, and growing consumer demand for sensors for the convenience and comfort. With the increase in concern over greenhouse gases emissions, fuel economy and emissions norms are becoming stringent in many parts of the world. Automotive manufacturers are facing pressure to use advance technology to reduce the emission and increasing fuel economy to reduce the carbon footprint. Automotive sensors are playing a crucial role in containing themselves in the regulation limits, and thereby helping the market to grow. The automotive sensors market based on sensor type has been further segmented into temperature, position, inertial, speed, pressure, oxygen, NOx, image, and other sensors. Others sensors include radar, ultrasonic, rain, relative humidity, particulate matter, LIDAR, and proximity sensors. Position sensors held the largest share in the market in 2016. Crankshaft and camshaft position sensors, among others, form vital parts in the functioning of a car. The increasing production of cars will further drive the demand for position sensors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 The automotive sensors market has been segmented on the basis of various applications such as powertrain, exhaust, chassis, body electronics, safety and control, and telematics. Others category includes vehicle security systems, vehicle tracking systems, and vehicle monitoring systems. The market for

2. telematics is expected to grow at the highest CAGR during the forecast period. The rise in the use of sensors in navigation and infotainment applications would help the telematics application to grow. The increasing competition in the automotive industry has led manufacturers to include telematics in budget cars. The demand for such cars is very high in emerging economies such as India and China, which is helping the market to grow at a rapid pace. The automotive sensors market has been segmented on the basis of region into the Americas, Europe, APAC, and RoW. APAC has the highest market share and is expected to witness the highest growth rate for the automotive sensors market during the forecast period. The increase in purchasing power of the consumer, infrastructure development, and increasing demand for more efficient and safer vehicles are the main factors that are driving the growth of the automotive sensors market in this region. The presence of developing countries such as India and China contributes to the growth of automotive sensors market in this region. “Position sensorsto hold the largest share of the automotive sensors market” The position sensors held a major share of the automotive sensors market based on sensor type in 2016. Crankshaft, camshaft position sensors, and throttle position sensors, among others form vital parts in the functioning of a car. The number of position sensors in economy cars is increasing in applications such as seat position and window position sensing. The increasing production of cars will further drive the demand for position sensors. Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=426 “Passenger cars to have the largest share in the automotive sensors market” Passenger cars currently account for the largest shipment, i.e., ~76% of the total automotive production worldwide. Sensors in passenger cars help in improving the performance of the car along with significantly enhancing the safety and reducing the emission. The improving infrastructure, cheap labor, and increase in purchasing power of consumer, and demand for safer vehicles have directly fueled the demand for automobiles in emerging economies such as China, India, and Brazil where the penetration of automobiles is significantly lower. “Maximum number of automotive sensors are being installed in APAC” APAC accounted for the largest share of the total automotive sensors market in 2016. The presence of developing countries such as India and China contributes to the growth of automotive sensors market in this region. China leads the production of automobiles in the world and is expected to lead the automobile production worldwide in the forecast period. The Government of the People’s Republic of China has placed special emphasis on promotion and adoption of energy-efficient plug-in hybrid EV and pure EV. China is

3. expecting 35 million vehicle sales by 2025 and wants new energy vehicles (NEVs) to make up at least 20% of that total market. All these factors will further help in the growth of the automotive sensors market in the region. The report profiles the most promising players in the automotive sensors market. The key players in the automotive sensors market are Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Analog Devices, Inc. (US), Sensata Technologies, Inc. (US), Delphi Automotive PLC (UK), Infineon Technologies AG (Germany), and STMicroelectronics (Switzerland), among others. About MarketsandMarkets MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 stomers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Contact: Mr. Shelly Singh MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:sales@marketsandmarkets.com