Automotive Sensors Market Growth Overview:
The global automotive sensors market size will touch USD 35 billion at a 7% CAGR between the forecast period 2020- 2027, according to the new Market Research Future (MRFR) analysis.
Various factors are fuelling the global automotive sensors market share. According to the recent MRFR market estimates, such factors include increased motor vehicle production worldwide, demand for automotive sensor technology, demand for vehicle electrification, strict government regulations associated with emissions, and a rise in consumer demand for comfort and safety in cars. Other market drivers include increasing use of pressure sensors, an increase in demand for automotive sensors in electric and hybrid cars, demand for customized electronic devices, and demand for autonomous cars.
Key Players
Key contenders profiled in the global automotive sensors market report include Vishay Intertechnology, Inc. (U.S.), TRW Automotive Inc. (U.S.), Sensata Technologies (U.S.), Panasonic Corporation (Japan), Micronas Semiconductor Inc. (Switzerland), Continental AG (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), GE Measurement & Control Solutions (U.S.), Denso Corporation (Japan), Delphi Automotive LLP (U.K), Bourns Inc. (U.S.), Bosch SensortechGmBH (Germany), Broadcom Limited (U.S.), and Analog Devices Inc. (U.S.).
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On the contrary, the high development cost of automotive sensors, and the impact of the COVID-19 outbreak may deter the global automotive sensors market growth over the forecast period.
Automotive sensors will help to detect, transmit, and measure information that helps to analyze the performance of cars. The sensor technology helps in detecting events or amends in the environment and then offers a corresponding output.
Market Segmentation
By sensor type, the global automotive sensors market is segmented into image sensors, inertial sensors, NOx sensors, O2 sensors, position sensors, speed sensors, temperature sensors, pressure sensors, and others. Of these, the position sensors will lead the market over the forecast period.
By technology, the global automotive sensors market is segmented into nano-electro-mechanical systems (NEMS), and micro-electro-mechanical systems (MEMS).
By vehicle type, the global automotive sensors market is segmented into electrical vehicles, heavy vehicle, high end, medium end, low end, and others.
Regional Analysis
By region, the global automotive sensors market growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region is predicted to spearhead the market over the forecast period. The increasing purchasing power of consumers, growing population, increasing per capita income of the middle-class people, cost advantages of OEMs, production of cost-effective and compact cars, presence of fast-developing economies like India and China, low automobile production costs, demand for autonomous vehicles, easy accessibility of economical labor, safety norms and lenient emission, government initiatives to support FDIs, increase in automobile production, and growing inclination of consumers towards luxury, safety, and comfort are adding to the global automotive sensors market growth in the region.
In North America, the automotive sensors market is predicted to have healthy growth over the forecast period. Infrastructure development, early adoption of advanced driving assistance features, and increasing sales of electric vehicles are adding to the global automotive sensors market growth in the region.
The automotive sensors market in Europe is predicted to have sound growth over the forecast period. Growing demand for safer and more efficient cars, safety and fuel efficiency norms, and safety regulations for commercial vehicles are adding to the global automotive sensors market growth in the region.
The automotive sensors market in the Rest of the World is predicted to have steady growth over the forecast period.
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Table of Content:
1 Report Scope
1.1 Report Coverage 27
1.2 Research Methodology 27
1.3 Research Methodology For Global Market Study 29
1.3.1 Geographical Analysis 29
1.3.2 Demand Side & Supply Side Analysis 30
1.3.3 Data Synthesis & Bridging 30
1.3.4 Automotive Market Estimation – A Snapshot 30
1.4 Report Description 33
2 Executive Summary
3 Market Dynamics
3.1 DRIVERS 39
3.1.1 Increasing Consumer Demand For Safety, Security, Comfort, And Efficiency 39
3.1.2 Stringent Government Regulations 40
3.1.3 Rising Demand For High And Medium End Vehicles 41
3.1.4 Expansion Of Global Auto-Manufacturers Into New Emerging Markets 41
3.1.5 Rising Sensor Content In An Automobile As Per Moore’s Law 42
3.2 CHALLENGES 43
3.2.1 Increasing Pricing Pressures 43
3.2.2 Underdeveloped Aftermarket Services 44
3.3 OPPORTUNITIES 45
3.3.1 Electromobility 45
Market Research Future (MRFR) predicted in the report that Automotive Position Sensors Market would cross USD 2 Billion at a CAGR of 8% by 2022.
The global market is expected to show significant changes in the industry.
Various factors like the development of top-class technologies and its easy inclusion in the mainframe, investment opportunities to boost the research segment, participation of eminent players, and stringent regulations to boost the security are expected to make sure that the market witnesses’ proper growth.Segmentation:The automotive position sensor market has been studied by MRFR experts on the basis of a segmentation that includes type and vehicle type.By type, the global market study on the automotive position sensor market has been segmented into multi-axis, angular, and linear.
The electric vehicle sensors are expected to outpace others by clocking a CAGR of 22.2% during the forecast period.
The segment is getting traction as the rising environmental concerns are boosting the uptake of such cars.
Competitive Landscape:Avago Technologies, Analog Devices Inc, Bourns Inc, Continental Corporation, Bosch Sensortec GMBH, Delphi Automotive, CTS Corporation, GE Measurement & Control Solutions, Denso Corporation, Hella KGAA, Infineon Technologies, NXP Semiconductors, Gill Sensor& Control, TRW Automotive INC, Sensata Technologies, Stoneridge INC., are some companies making a notable impact on the global automotive position sensors market.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1679Regional Analysis:The technological brilliance of Europe and North America and a surge in the adoption of electric cars are expected to set the automotive position sensor market on an upward trajectory.
FEB 25, 2020: The global eClinical solutions market size is expected to reach USD 15.7 billion by 2027, according to a new report by Radiant Insights, Inc., progressing at a CAGR of 13.8% during the forecast period.
Increasing R activities by biopharma and pharma companies, application of software solutions in clinical trials, and expanding customer base are anticipated to fuel the demand for eClinical solutions.Technological advancements such as electronic data capture and Wi-Fi connectivity are projected to drive the market in the forthcoming years.
eClinical solutions offer a single source of information that helps optimize the cost by eliminating redundant data entry and reducing on-site verification and source data verification.
These solutions can facilitate decision making in every stage of the development process.
In addition, it offers rapid access to data and patient safety information, which is helpful in making quick decisions.Market players engage in new product development and strategic alliances, including partnership agreements, promotional activities, and acquisitions, to keep market rivalry high.
Real-time data is available through these systems, which enables users to take quick decisions and provide high-quality information for risk-based monitoringCROs held the largest share in the market in 2019 on the basis of end use.
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Global Bionics Market was valued at USD 16.57 Bn in 2020 and is expected to reach at USD 30.68 Bn by 2027 at a CAGR of 9.2% over forecast period 2021-2027.The Bionics Market Size 2021-2027 provides detailed competitive analysis, including market share, size, future scope, and future outlook.
Companies are investing heavily in new electric mopeds and scooters to make them more efficient.Get a Sample PDF of the Report at : Request Free Sample ReportList Of TOP KEY PLAYERS in Bionics Market Report are - • Abiomed• Asahi Kasei Medical Co. Ltd• Baxter International Inc.• Cochlear Limited• Cyberonics Inc.• Edward Lifesciences• Ekso Bionics• Roche Holding Ag• Medtronic• Abbott• Boston Scientific Corporation• Cochlear Ltd.• Livanova PLC• Medtronic Plc• Orthofix Holdings, Inc.• Retina Implant AG• Sonova,• SECOND SIGHT,• Syncardia Systems• William Demant Holding A/S• BionX Medical Technologies, Inc.• LifeNet Health, Inc.• Ossur• St. Jude Medical, IncCOVID-19 Impact on Market:In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world.
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