According to Stratistics MRC, the Global Automotive Sensors Market is 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.

Gaithersburg, Maryland, United States - January 3, 2018 /MarketersMedia/ —
Automotive sensors are incorporated in vehicle systems to analyze, transmit and display vehicle working information with internal and external environment of vehicles. 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.
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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.
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Some of the key industry players profiled in this market include Robert 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, and Delphi Automotive PLC.
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Sensor Types Covered:
• Inertial Sensors
• Magnetic Sensors
• Speed Sensors
• Level/Position Sensors
• Temperature Sensors
• Oxygen Sensors
• MEMS Sensors
• NOX Sensors
• Pressure Sensors
• Image Sensors
• Other Sensors
Applications Covered:
• Exhaust
• Powertrains
• Telematics
• Chassis
• Safety and Control
• Body Electronics
• Other Applications
Vehicle Types Covered:
• Electric Vehicles
• Conventional Fuel Vehicles
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
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Source: MarketersMedia
Release ID: 283045
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