The automotive sensors market is projected to grow from USD 24.5 billion in 2020 to USD 40.3 billion by 2025, at a CAGR 10% between 2019 and 2025.
The miniaturization of the middle-class population and the increase in disposable income are driving the growth of the automotive sensor market. The company offers a wide variety of automotive and commercial vehicle sensors designed to monitor passenger compartments, vehicle powertrain, exhaust gases, speed and suspension, and more. There are many applications included in automotive sensors, such as measurement location, exhaust temperature, angular speed, pressure, torque, flexible fuel configuration, long distance and ambient gas concentration, engine oil quality, short distance and measurement. Other. These applications are widely used among enterprises as they provide the highest flexibility to meet the customer’s automotive supply and quality requirements. On October 26, 2017, Cypress Semiconductor Corp announced that Denso Corp will support the latest automotive stereo vision sensors for advanced driver assistance systems to improve vehicle safety. With this section of detecting obstacles on the road using image processing technology.
Global Automotive Sensors Market is available at: https://www.orionmarketreports.com/automotive-sensors-4-market/33191/#ert_pane1-0
Key Market Segments
By Type
• Temperature Sensors
• Pressure Sensors
• Motion Sensors
• Speed Sensors
• Gas Sensors
By Application
• Powertrain
• Chassis
• Body Electronics
• Safety & Security
• Telematics
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Global Automotive Sensors Market Report
• What was the Global Automotive Sensors Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Global Automotive Sensors Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Global Automotive Sensors Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
