Automotive Sensors Is Expected To Dominate This Market From 2016 To 2022 - Allied Market Research Opportunities and Forecasts, 2014- 2022
INTRODUCTION Automotive Sensors Market Report, published by Allied Market Research, projects that the global market was valued at $22 billion in 2015, and is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. MEMS sensor is expected to dominate this market from 2016 to 2022. Europe would continue to lead, accounting for approximately 35% share of the world automotive sensors market revenue in 2015. The ability of the automotive sensors to monitor vehicle safety, engine efficiency, driving comfort and vehicle dynamic behaviour is expected to promote its demand in near future. On the other hand, the technological advancements coupled with rising hybrid & electric vehicle production is expected to open new opportunities for the market growth
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OVERVIEW Increasing demand of different types of sensors, especially in autonomous cars, is expected to drive the automotive sensors market during the forecast period. Furthermore, advanced technologies such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to provide hugeimpetus to the market growth. Government authorities across the globe have imposed several regulations to avoid road accidents in a bid to improve the safety and security of the passengers, which would further supplement the growth of automotive sensor market. The powertrain segment accounted for about 53% of the overall automotive sensors market revenue in 2015. Increasing demand of powertrain market for automated transmission and high utility of lightweight materials for reducing fuel consumption are the key factors driving the usage of automotive sensors.
The study provides an in-depth analysis of the global automotive sensors market to elucidate the prominent investment pockets in the market. Current trends and future estimations have been outlined to determine the overall attractiveness, and to single out profitable trends to gain a stronger foothold in the market. The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis. The market is analyzed based on various regions namely, North America, Europe, Asia-Pacific, and LAMEA. Check offers and discount on this report: https://goo.gl/8BdSUy KEY BENEFITS
KEY PLAYERS The key players in the automotive sensors market are focused on expanding their business operations in the fast-growing emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Robert Bosch GmbH, Denso Corporation, Continental AG Corporation, Sensata Technologies, Autoliv Inc., Infineon Technologies, Delphi Automotive LLP, Freescale Semiconductors, Analog Devices Inc. and Asahi Kasei Corporation. Need More Information Enquire here: https://goo.gl/4SPuFw
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