The Automotive Sensors Global Market Report 2023 by The Business Research Company, provides automotive sensors market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Automotive Sensors Market:
https://www.thebusinessresearchcompany.com/report/automotive-sensors-global-market-report
According to The Business Research Company’s Automotive Sensors Global Market Report 2023, the market size grew from $24.79 billion in 2022 to $28.29 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive sensors is expected to grow to $48.05 billion in 2027 at a CAGR of 14.2%.
The rising adoption of autonomous vehicles is expected to propel the growth of the automotive sensors market. Autonomous vehicles are driverless vehicles that operate and perform necessary functions on their own without any human intervention. The use of automotive sensors in autonomous vehicles has reduced the drivers' stress and increased the productivity of the vehicle.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=5783&type=smp
The automotive sensors market is segmented:
1) By Type: Temperature Sensors, Pressure Sensors, Speed Sensors, Level/Position Sensors, Magnetic Sensors, Gas Sensors, Inertial Sensors
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Technology: Nano-Electro-Mechanical Systems, Micro-Electro-Mechanical Systems
4) By Application Type: Powertrain, Chassis, Exhaust, ADAS, Other Applications
The rise in the use of pressure sensors in the automotive industry is a key trend gaining popularity in the automotive sensor market. Pressure sensors are used for discovering the early faults in hydraulic brakes, optimising the fuel mix to match the air pressure, automatic cleaning of exhaust filters, tracking exhaust recirculation, critical fluid examinations, finding vapour leakages, triggering airbags faster, and launching pedestrian airbags. For example, in September 2020, Sensata Technologies, Inc., an industrial technology company and a leading provider of sensors, launched the new PTE7100 and PTE7300 hermetic pressure sensors for industrial applications. The sensor is made with the leading micro silicon strain gauge technology in the automotive industry. The sensor has several unique features, including high accuracy, burst strength, and shock performance, making it a robust solution for customers with challenging measurement requirements.
The automotive sensors market report table of contents includes:
1. Executive Summary
2. Automotive Sensors Market Characteristics
3. Automotive Sensors Market Trends And Strategies
4. Automotive Sensors Market – Macro Economic Scenario
5. Automotive Sensors Market Size And Growth
...............
26. Africa Automotive Sensors Market
27. Automotive Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Sensors Market
29. Automotive Sensors Market Future Outlook and Potential Analysis
30. Appendix
Read Related Reports:
https://topprnews.com/5g-infrastructure-equipment-market-size-industry-analysis-trends-growth-opportunities-and-forecast-2023-2032-market-size/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Market Research Future (MRFR) study on the “Global Automotive Sensors Market” is an in-depth evaluation that provides a comprehensive overview of the industry.
Global Automotive Sensors Market is expected to be valued at USD 35 Billion by 2023 with CAGR of 7% during the forecast period.
The study covers the COVID-19 overview of the global market and offers a thorough explanation of market segments, current trends, growth forecasts, and market challenges from 2018 to 2023 (forecast period) to identify growth opportunities.The global automotive sensors market is spanned across Americas, Europe, Asia Pacific, and the Rest of world.
North America dominates the automotive sensors market due to growing adoption of innovative technologies that has positive implications for the future of transportation, which is propelling the automotive sensors market growth to a large extent.
In January 05, 2018, Denso Corporation, a leading automotive supplier acoss the world is leading in AI-powered technology and fresh approach with a startup, ActiveScaler, a developer of Managed Mobility-as-a-Service, is aiming to provide end-to-end MaaS businesses.
With this technology, the company is offering an advanced analytics and automation, high security, and regulatory compliance to their customers.The prominent players in the global automotive sensors market Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/959 Global Automotive sensors Market Segmentation The global automotive sensors market is segmented into sensor type, technology, vehicle types, and region.The sensor type segment is sub-segmented into Pressure Sensors, Temperature Sensors, Speed Sensors, Position Sensors, O2 Sensors, NOx Sensors, Inertial Sensors, Image Sensors and others.The technology segment is sub-segmented into Micro-Electro-Mechanical Systems (MEMS), Nano-Electro-Mechanical Systems (NEMS).The vehicle types segment is sub-segmented into low end, medium end, high end, heavy vehicle, electrical vehicles and others.The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.Regional Analysis:The North American region is experiencing a higher demand due to building of new multi-mode transportation and autonomous vehicles, which is widely used in the transportation sectors.
Today’s modern automobiles have a variety of sensors.
You may hear of several of them such as: Throttle position sensor, TPMS sensor.
These sensors built into their engine to ensure that the owner can identify and prevent possible issues before they result in breakdowns can result in expensive repairs.Automotive sensors are swiftly gaining popularity among OEM especially in Asia-Pacific.
TE Connectivity Ltd. is one of the prevalent manufacturers in global automotive sensor market, helping consumers to get reliable vehicle performance even in extreme conditions.Request For Report Sample: https://www.trendsmarketresearch.com/report/sample/3059 Additionally, need for sensors in powertrain systems is constantly increasing, driven by stringent government regulations to increase fuel efficiency and reduce emission.
However, high cost pressure on OEMs is restraining the market growth.
Moreover, advanced technologies and innovations such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to open new growth opportunities for players operating in the automotive sensors market.The global automotive sensor market is categorized on the basis of type and component.Based on type, the market is segmented into pressure sensor, temperature sendsor, motion sensor, gas sensor, micro-electro-mechanical-systems (MEMS) sensor.Out of these, MEMS sensor had a dominant share as compared to the other segments under this category in 2014.Request for Table of Contents: https://www.trendsmarketresearch.com/report/requesttoc/3059 In addition, rising application of MEMS sensor in accelerometer, vehicle dynamics control, inertial brake lights, headlight leveling, automatic door locks, and active suspension systems amongst others, are factors responsible for the major contribution of this segment.Development in the field of ’Advance Driver Assistance Systems‘(ADAS) and hybrid and electric vehicle are showing promising the future opportunities for automotive sensors market.The report has also covered the key players in the automotive sensor market.Some of the key players are Continental AG, Robert Bosch GmbH., Denso Corporation, and Autoliv, Inc.
These sensors built into their engine to ensure that the owner can identify and prevent possible issues before they result in breakdowns can result in expensive repairs.Automotive sensors are swiftly gaining popularity among OEM especially in Asia-Pacific.
TE Connectivity Ltd. is one of the prevalent manufacturers in global automotive sensor market, helping consumers to get reliable vehicle performance even in extreme conditions.
Additionally, need for sensors in powertrain systems is constantly increasing, driven by stringent government regulations to increase fuel efficiency and reduce emission.
However, high cost pressure on OEMs is restraining the market growth.
Based on type, the market is segmented into pressure sensor, temperature sendsor, motion sensor, gas sensor, micro-electro-mechanical-systems (MEMS) sensor.
Out of these, MEMS sensor had a dominant share as compared to the other segments under this category in 2014.
