Global Automotive Sensors Market To Reach US$ 34 Billion By 2022 - Erie News Now | WICU & WSEE in Erie, PA

Global Automotive Sensors Market To Reach US$ 34 Billion By 2022

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The global automotive sensors market is expected to reach US$ 34 billion by 2022, registering a compound annual growth rate (CAGR) of 7.5% during the forecast period. The stringent government regulations regarding safety, convenience, and comfort of passengers have led to various technological developments which are expected to drive the automotive sensor market. In addition, increasing demand for hybrid vehicles is expected to fuel the growth of the market. However, high repair rate, increasing pricing pressure, and rise in raw material prices are expected to hamper the growth of the market. In addition, unavailability of after sales market and lack of standardized fabrication process for MEMS are estimated to restrain the growth of the automotive sensors market.

In this report, the global automotive sensors market is segmented by component, type, and region. On the basis of component, the market is segmented into power train, chassis, body electronics, and safety and control. The market on the basis of type is segmented into gas sensors, temperature sensors, motion sensors, MEMS sensors, and pressure sensors.

A glimpse of the report structure is provided in the report description available on the website.

https://www.marketresearchengine.com/Automotive-Sensors-Market

The global automotive sensors market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries. The report includes a detailed study of the global and regional automotive sensors market and analyzes the variations in the growth of the industry in certain regions.

Robert Bosch GmbH, Continental AG, DENSO Corporation, Delphi Automotive PLC, Autoliv Inc., Sensata Technologies, Inc., Infineon Technologies AG, Freescale Semiconductor Ltd., and STMicroelectronics N.V. are the most active players in the automotive sensors market.

This report covers the automotive sensors market, in terms of value, and forecasts the market size till 2022. It includes the market segmentation by component, type, and region. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the automotive sensors market will help customers identify new market opportunities and targeted promotional plans.

 

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Website: https://www.marketresearchengine.com/

 

Source: http://www.financeswire.com/global-automotive-sensors-market-to-reach-us-34-billion-by-2022

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