Driver Support Is Expected To Remain The Largest Segment In The Global Automotive Sensor Market

By Author: Lucintel LLC
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An exciting new study from the team of Lucintel found that automotive sensor market is expected to reach $26.4 billion by 2027 with a CAGR of 5%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The automotive sensor market is segmented based on application and region. In this market, driver support is expected to remain the largest application. Players can benefit from the available opportunities like government regulations on fuel emission and safety of vehicles, strong recovery in vehicle production and sales along with continuous demand for safety and comfort features and gradually increasing awareness regarding safety of vehicles.
Increasing usage of sensors in ADAS application, development of advanced magnetic position sensors in electric power steering application, advancement of silicon-based sensors and development of wireless sensing for automotive application ...
... are emerging trends having impact on dynamics of the industry.
Continental AG, Denso Corporation, Aptiv PLC, ZF TRW Automotive Holdings Corp, Honeywell International Inc are some of the major players profiled in this 166 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive sensor market by application (engine and transmission, safety and security, chassis applications, body applications, and driver support) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive sensor market?
Q.4 What are some changing demands of customers in the automotive sensor market?
Q.5 What are the new developments in the automotive sensor market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive sensor market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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