Global Automotive Electronics Sensor Aftermarket is Estimated to Grow at a CAGR of 4.15% during forecast period of 2019 to 2025.
According to the latest report Automotive Electronics Sensor Aftermarket, Information: by Type (Oxygen, LiDAR, Temperature, Position, Pressure, Speed), Application (Powertrain, Body Electronics, Safety & Control, Telematics), Vehicle Type and by Regions with Forecast To 2025, published by Market Research Future, the Global Automotive Electronics Sensor Aftermarket is Estimated to Grow at a CAGR of 4.15% during forecast period of 2019 to 2025.
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Key players of global automotive electronics sensor market:
Standard Motor Products, Inc. (US)
NGK Spark Plug CO., LTD (Japan)
BorgWarner Inc. (US)
Robert Bosch GmbH (Germany)
Delphi Technologies (UK)
Continental AG (Germany)
Denso Corporation (Japan)
Hella GmbH & Co. KGaA (Germany)
Dorman Products (US)
Sensata Technologies, Inc. (US)
Automotive Electronics Sensor Aftermarket Drivers and Restraints:
In 2017, Europe held the second largest market share in the global automotive electronics sensor aftermarket. The region has a presence of major electronics sensor manufacturers, such as Valeo, Robert Bosch Gmbh, Continental AG, and Infineon Technologies AG, providing electronic sensors and modules, especially for premium vehicles, which will increase the demand for electronics sensor.
Global automotive electronics sensor aftermarket is expected to progress at 4.15% CAGR during the forecast period. The global automotive electronics sensor aftermarket is expected to witness substantial growth during the forecast period. Asia-Pacific is expected to be a prominent region in the automotive electronics sensor aftermarket due to an increase in vehicle sales in this region as sensors are used in measuring tire pressure monitoring system for improving the engine control, vehicle safety, and fuel efficiency of vehicle. Along with this, the increasing government regulations regarding vehicle safety and emission and the focus to offer electronics sensors in advanced driver assistance system, and engine emission in Europe and North America are some of the factors that are expected to drive the automotive electronics sensor aftermarket during the forecast period.
Automotive Electronics Sensor Regional Analysis:
Asia-Pacific is expected to offer promising growth opportunities for the automotive electronics sensor aftermarket with high automotive vehicle sale in countries, such as China, India, Japan, New Zealand, South Korea, Australia, and Indonesia, accounted for 42.58 million units in 2017. The automotive electric sensors are used in various systems of electric vehicle, such as powertrain & chassis, body electronics, vehicle safety, and security. Thus, the growth of electric vehicles is expected to drive the automotive electronics sensors market in this region.
China is one of the major vehicle’s sales country. According to the data from the China Association of Automobile Manufacturers, one of the largest electric vehicle producers and consumers in the world, with new-energy vehicle sale accounted for 770,000 units in 2017. Moreover, the government and related organizations are continuously investing in encouraging the electrification in vehicles. Furthermore, China with more than 300 million registered vehicles on road in 2017 is expected to offer promising opportunities for the automotive electronics sensor aftermarket during the forecast period.
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The report for Global Automotive Electronics Sensor Aftermarket of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List Of Tables:
TABLE 1 MARKET SYNOPSIS 18
TABLE 2 LIST OF ASSUMPTIONS 24
TABLE 3 MAJOR PATENTS GRANTED FOR AUTOMOTIVE ELECTRONICS SENSOR (12 MARCH 2014-12 MARCH 2019) 43
TABLE 4 GLOBAL AUTOMOTIVE ELECTRONICS SENSOR AFTERMARKET, BY TYPE, 2017-2025 (USD THOUSAND) 47
TABLE 5 GLOBAL AUTOMOTIVE ELECTRONICS SENSOR AFTERMARKET, BY TYPE, 2017-2025 (THOUSAND UNITS) 48
TABLE 6 GLOBAL AUTOMOTIVE ELECTRONICS SENSOR AFTERMARKET, BY APPLICATION, 2017-2025 (USD THOUSAND) 51
TABLE 7 GLOBAL AUTOMOTIVE ELECTRONICS SENSOR AFTERMARKET, BY APPLICATION, 2017-2025 (THOUSAND UNITS) 52
TABLE 8 GLOBAL AUTOMOTIVE ELECTRONICS SENSOR AFTERMARKET, BY VEHICLE TYPE, 2017-2025 (USD THOUSAND) 54
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