The automotive sensors market accounted to US$ 8.17 Bn in 2018 and is expected to grow at a CAGR of 8.3% during the forecast period 2019 – 2027, to account to US$ 16.73 Bn by 2027.
APAC is considered to be the fastest growing economic region. The dominance of the region is majorly attributed to the presence of large numbers of Chinese automotive and sensors manufacturers. China is one of the prominent leaders in global electric vehicle development globally and ranks first in Asia Pacific region. Also, the country houses a number of automobile manufacturers, and in the current scenario, these Chinese automakers are making remarkable investments in order to procure advanced sensors. Pertaining to the fact this, the quest for advanced technologies among the Chinese mass is significant, the development of advanced sensors is also rapid as compared to other countries in the region. This factor is heavily influencing the growth of sensors developed for automobiles in the country, which is substantially catalyzing the growth of automotive sensors market in Asia Pacific. Japan is another key influential country in Asia Pacific market for automotive sensors. This is due to the presence of huge number of sensors manufacturers constantly developing innovative products for various usage in automotive. Thus, the automotive sensors market is anticipated to witness growth in the APAC region.
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The List of Companies:
- Analog Devices Inc.
- Continental AG
- Delphi Technologies PLC
- Denso Corporation
- Infineon Technologies AG
- NXP Semiconductor N.V.
- On Semiconductor
- Robert Bosch GmbH
- Texas Instruments Inc.
The latest research report on the “Automotive Sensors Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2028” provides a comprehensive assessment of the Automotive Sensors market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Automotive Sensors market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Automotive Sensors Market in order to help decision makers with various strategic insights and future outlook. The Automotive Sensors market is expected to witness continued growth during the forecast period from 2020 to 2028.
This is a professional and in-depth study on the current state of the Automotive Sensors Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Automotive Sensors Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Automotive Sensors Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies.
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- Scrutinizes in-depth market trends as well as key market drivers and restraints.
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