Automotive Sensors Market to touch $17.08 Billion with a CAGR Of 14.97% by 2020


Posted December 15, 2015 by ElectronicsIARC

Automotive Sensor Market to Grow at a CAGR Of 14.97% as Sensors Usage Increases in Passenger Vehicles and Buses Globally!
 
The Report “[b]Automotive Sensors Market Analysis – By Type (Pressure, Temperature, Speed, Oxygen, NOx, Position); By Application (Fuel Injection & Emission, Chassis, Engine, Powertrain, Safety, Telematics); By Vehicle Type - With Forecast (2015 – 2020)[/b]”, published by IndustryARC, the market to reach $17.08 Billion by 2020.

[i]Browse 85 Market Tables, 20 Figures spread through 275 Pages and an in-depth TOC on “[b]Automotive Sensors Market[/b]” http://industryarc.com/Report/7364/Automotive-Sensors-Market-Research-Report.html[/i]

[b]Automotive Sensors[/b] are installed in vehicles to ensure reliability and safety of the passenger. The most widely used sensors are the [b]position sensors and pressure sensors. Sensors such as pressure sensors, position sensors, temperature sensors, speed sensors, MEMS sensors[/b] and others majorly find application in powertrain. Apart from powertrain, the sensors find application in engine, fuel injection and emission system, chassis, safety & control, vehicle security and a few others too.

[b]MARKET TRENDS & GROWTH[/b]:

According to IndustryARC [b]Automotive Sensor Market[/b] is all set to rise at a [b]CAGR Of 14.97%[/b] and might touch [b]$17.08 Billion[/b] as Sensors usage increases in passenger vehicles and buses globally! The [b]Market for Safety & Control Sensors[/b] is estimated to grow at a [b]CAGR of 18.08%[/b] through the forecast period, 2015-2020.

[b]Geography Brief[/b]:

Research suggests, America is the leading region for [b]Automotive Sensors Market[/b]. On the other hand, APAC zone is accounted to have the highest potential for growth in this industry. Americas and APAC are projected to grow at a [b]CAGR of 12.62% and 17.06%[/b] respectively between 2015 and 2020.

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[b]Propellants and Restraints[/b]:

• While pricing issues, high expectations from automotive OEM and no availability of aftermarket are the main challenges of the market, the [b]Global Automotive Sensors Market[/b] enjoys a various number of [b]Driving Factors[/b] like increase in electronic components in vehicles and worldwide production of such vehicles; technology developments; increased research and development in the [b]sensor industry[/b] is creating opportunities. Benefits of Energy Efficiency; Government Mandates and regulations have been acting as a strong driver for the market. Some other encouragements that the market enjoys:
• Development in the field of ’[b]Advance Driver Assistance Systems‘(ADAS)[/b] and hybrid and [b]electric vehicle[/b] are showing promising the future opportunities.
• Low Cost & Compact Size of the sensors is gaining tremendous interest from the customers.
• Ecofriendly & Bulk Manufacturing Capability.
• Development of new applications for technologies which utilize nano and micro technology.

[b]REPORT SCOPE: Market Segmentation[/b]:

[b]Automotive Sensors Market[/b] is classified into 5 types based on the following factors:
• By Type: Pressure Sensors, Temperature Sensors, Level Sensors, Speed Sensors, MEMS Sensors, Oxygen Sensors, Nox Sensors, Position Sensors and Others.
• By Working Principle: Capacitive, Inductive, Magnetic, Optical and Others.
• By Application: Alternative Fuel, Powertrain, Telematics, Safety & Control and Others.
• By Vehicle Type: Cars, SUV, MUV, Trucks, 2-wheelers, Buses and Trains.
• By Geography: Americas, Europe, APAC and ROW.

[b]Key Market Players[/b]:

For reference, the below mentioned companies are the top players included in this report by IndustryARC:
• Analog Devices, Inc.
• Delphi Automotive Systems, LLC
• Johnson Controls, Inc.
• Robert Bosch GMBH
• Rockwell Automation Inc.

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[b]About IndustryARC:[/b]
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Categories Automotive , Electronics , Semiconductors
Tags automotive sensor companies , automotive sensor industry , automotive sensor market , automotive sensor market analysis , automotive sensor market forecast , automotive sensor market report , automotive sensor market size , automotive sensor technology
Last Updated December 15, 2015