Global Automotive Sensors Market Outlook (2017-2023): Growing Demand for Comfort, Safety and Convenience, Rising Vehicle Electrification and Improving Government Safety Standards - ResearchAndMarkets.com
Jun. 13, 2018
DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--The "Automotive Sensors - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Sensors Market accounted for $23.89 billion in 2016 and is expected to reach $40.23 billion by 2023 growing at a CAGR of 8.1% from 2016 to 2023.
Growing demand for comfort, safety and convenience, rising vehicle electrification, improving government safety standards are some factors that are anticipated to stimulate the market growth globally. However, huge cost of raw materials and lack of aftermarket for sensors are acting as key barriers for the market growth.
Safety & control application segment is expected to witness high compound annual growth rate. The growth is attributed to raising awareness about vehicle safety, and increasing various regulations. Position sensors are leading the market by its market revenue due to high adoption in passenger cars.
By geography, Asia Pacific is projected to register the largest market share and is anticipated to grow with a highest CAGR during the forecast period attributed to rising demand for safer vehicles and growing automobile industry in emerging economies such as China and India.
Sensor TypesInertial Sensors Magnetic Sensors Speed Sensors Level/Position Sensors Temperature Sensors Oxygen Sensors MEMS Sensors NOX Sensors Pressure Sensors Image Sensors Other Sensors
ApplicationsExhaust Powertrains Telematics Chassis Safety and Control Body Electronics Other Applications
Vehicle TypesElectric Vehicles Conventional Fuel Vehicles
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Sensors Market, By Sensor Type
6 Global Automotive Sensors Market, By Application
7 Global Automotive Sensors Market, By Vehicle Type
8 Global Automotive Sensors Market, By Geography
9 Key Developments
10 Company ProfilingRobert Bosch GmbH STMicroelectronics N.V. General Electric Co. CTS Corporation Analog Devices, Inc. Sensata Technologies, Inc. Denso Corporation Continental AG Measurement Specialities, Inc. Freescale Semiconductor, Inc. Autoliv Inc. Elmos Semiconductor AG Allegro Microsystems, LLC Infineon Technologies AG Delphi Automotive PLC
For more information about this report visit https://www.researchandmarkets.com/research/svxkgk/global_automotive?w=4
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Related Topics:Automotive Sensors
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE SEMICONDUCTOR MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 06/13/2018 09:57 AM/DISC: 06/13/2018 09:57 AM