ALL >> Technology,-Gadget-and-Science >> View Article
Automotive Sensors Market Worth $41.9 Billion By 2025

The report "Automotive Sensors Market by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region - Global Forecast to 2025", is projected to reach USD 41.9 billion by 2025 from an estimated USD 28.1 billion in 2020, it is expected to grow at a CAGR of 6.9% from 2020 to 2025.
Increased global motor vehicle production, rise in demand for vehicle electrification, formulation of stringent government regulations related to emissions, and an increase in consumer demand for safety and comfort in vehicles are the major factors driving the growth of the automotive sensors market. Increasing demand for advanced driver-assistance systems (ADAS) and ongoing rapid developments in autonomous cars present growth opportunities for the automotive sensors market.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426
Based on type, the image sensors segment of the automotive sensors market is projected to grow at the highest CAGR from 2020 and 2025.
Based on type, ...
... the automotive sensors market has been segmented into position sensors, speed sensors, pressure sensors, oxygen sensors, NOx sensors, inertial sensors, temperature sensors, image sensors, and other sensors. Among all these, the image sensors segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased demand for image sensors used in ADAS, active parking assistance (APA) systems, lane departure warning (LDW) systems, collision avoidance systems, and other safety systems. The rapid development of autonomous cars, which rely significantly on image sensors, has also spiked the global demand for image sensors.
Based on application, the telematics segment of the automotive sensors market is projected to grow at the highest CAGR during the forecast period.
The automotive sensors market has been segmented into powertrain, chassis, body electronics, safety & control, exhaust, telematics, and others. The telematics and the safety & control segments are significantly growing application segments of the market. Increasing demand for ensuring safety & comfort in vehicles is driving the demand for safety & comfort sensors worldwide.
The automotive sensors market in APAC is projected to grow at the highest CAGR from 2019 to 2024.
The automotive sensors market has been studied for North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). The increasing purchasing power of consumers and the rising demand for highly efficient and safe vehicles are the main factors driving the growth of the automotive sensors market in APAC. Emerging economies such as India and China are major contributors to the growth of the automotive sensors market in this region. China is leading the global automobile production, and it is expected to continue leading this production during the forecast period as well. The Government of the People’s Republic of China emphasizes the promotion and adoption of energy-efficient plug-in hybrid electric vehicles (EVs) and pure EVs.
Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=426
Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (US), Allegro Microsystems (US), Analog Devices (US), Elmos Semiconductor (Germany), CTS Corporation (US), Autoliv Inc. (Sweden), NXP Semiconductor (Netherlands), TE Connectivity (Switzerland), STMicroelectronics(Switzerland), ZF Friedrichshafen AG (Germany), Quanergy (US), Innoviz Technologies (Israel), and Velodyne LiDAR (US) are some of the key players in the automotive sensors market.
Add Comment
Technology, Gadget and Science Articles
1. How Dex Development WorksAuthor: davidbeckam
2. The Benefits Of Multilingual Social Media Marketing
Author: glasgowtranslationservices
3. Odoo For Healthcare Management System: Reasons Why Healthcare Businesses Should Get It Now
Author: Alex Forsyth
4. Spraying Drone Services: Bring Revolutionary Transformation In Weed Management And Sustainability
Author: Alex Wilkinson
5. Doordash Restaurant Data Extraction: Mapping Coverage With Web Scraping Tools
Author: Mobile App Scraping
6. Simple Methods To Scrape Airbnb Listings For Travel Insights
Author: travel
7. Navigating The Legalities Of Driver's License Translation
Author: londontranslationservice
8. The Impact Of Translation Services On International Litigation
Author: premiumlinguisticservices
9. The Best Materials For Durable And Eye-catching Business Cards
Author: printitusa
10. Sitecore Content Cloud: The Future Of Scalable And Seamless Digital Content Management
Author: Addact Technologies
11. Nlp Sentiment Analysis | Reviews Monitoring For Actionable Insights
Author: Mellisa Torres
12. How Does Walmart Product Code Scraping Help To Collect Upc And Asin Codes Fast?
Author: Mobile App Scraping
13. Tired Of One-size-fits-all Software? Odoo Customisation Has The Answer
Author: Alex Forsyth
14. The Future Is Now: How Augmented Reality Is Transforming Ecommerce
Author: Sdreatech
15. Ethical Ai In Decision-making: Best Practices | Impaakt
Author: Impaakt Magazine