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Automotive Sensors Market Growth by Type, Application, and Region by 2027

The automotive sensor market holds a substantial scope for growth globally. Currently, it is in its growing stage. There is an increase in demand for sensors due to their wide usage in electronics devices. Manufacturers of electronic devices are incorporating more sensors in their devices to add additional features and keep ahead of other players in the highly competitive market. <br><br>

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Automotive Sensors Market Growth by Type, Application, and Region by 2027

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  2. Automotive Sensor Market “The automotive sensor market size in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to increase in adoption of electric vehicles. Moreover, governments in developing economies have taken several initiatives to generate awareness toward adoption of petrol to electric or hybrid cars, which is projected to contribute to the growth of automotive sensor technology in Asia-Pacific.” AnkitPrajapatiLead Analyst, Semiconductor and Electronics Download PDF Sample

  3. Automotive Sensor Market According to a new report published by Allied Market Research, titled, “Automotive Sensor Marketby Type (Temperature Sensors, Pressure Sensors, Motion Sensors, Speed Sensors, and Gas Sensors) and Application (Powertrain, Chassis, Body Electronics, Safety & Security, and Telematics): Global Opportunity Analysis and Industry Forecast, 2020–2027” the global automotive sensor market size was $16.40 billion in 2019 and is projected to reach $37.65 billion by 2027, to register a CAGR of 10.2% during the forecast period. Asia-Pacific is expected to be the leading contributor to the global automotive sensor market, followed by North America and Europe. Automotive sensors are used to detect and monitor different physical and chemical processes in a vehicle, which helps find out any issues that could occur in the future. With the help of automotive sensors, leading companies provide safety, comfort, and affordability to their consumers. It enhances the performance of a vehicle and increases its life span. Download PDF Sample

  4. Automotive Sensor Market The concept of driverless cars is based on the data collected by various sensors such as speed sensors, accelerometer, position sensors, and proximity sensors. This data is constantly collected and processed through a centralized control system, which controls the motion of a car, minimizing the need of a driver. Companies such as Google and Tesla are spending heavily on R&D of such cars and the technology is currently in its testing phase.  Automotive sensors have great impact on the powertrain segment, which helps in monitoring different types of processes in engine such as air temperature, engine coolant temperature, and manifold absolute pressure (MAP). Powertrain sensors provide appropriate measurement value such as pressure, speed, and air, which is required by electronic control units. In addition, these sensors provide features such as robustness within the automotive environment; high accuracy implies precise control mechanism; and electromagnetic interference.  Download PDF Sample

  5. Automotive Sensor Market • Key Findings of the Study • In 2019, the temperature sensor segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 6.8% during the forecast period. • Asia-Pacific accounted for more than 45% of the automotive sensor market share in 2019. • The gas sensor segment is expected to witness highest growth rate during the forecast period. Download PDF Sample

  6. Automotive Sensor Market • MajorCompanies: • Robert Bosch, • DENSO Corporation, • AUTOLIV INC, • Continental AG, • Valeo, • Delphi Automotive Company, • SensataTechnologies, • NXP Semiconductor, • STMicroelectronics N.V, • Infineon Technologies AG. Download PDF Sample

  7. Automotive Sensor Market Contact: DavidCorrea 5933 NE Win Sivers Drive #205, Portland, OR 97220 UnitedStates Toll Free(USA/Canada): +1-800-792-5285, +1-503-894-6022,+1-503-446-1141 UK: +44-845-528-1300 Hong Kong:+852-301-84916 India (Pune): +91-20-66346060 Fax:+1⟨855⟩550-5975 help@alliedmarketresearch.com Web:https://www.alliedmarketresearch.com Download PDF Sample

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