According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Automotive Sensors Market - Industry Trends and Forecast to 2027 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Automotive Sensors Market Analysis and Size
The Global Automotive Sensors Market is expected to observe around 6.8% CAGR in the forecast period of 2022-27.
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Some of the major players operating in the Automotive Sensors Market are Allegro Microsystems, LLC, BorgWarner, Inc., CTS Corporation , Continental AG , Denso Corporation , Elmos Semiconductor, Infineon Technologies AG , NXP Semiconductors, Robert Bosch GmbH , STMicroelectronics, Texas Instruments Incorporated, Others.
Automotive Sensors Market Growth Driver:
The growing adoption of ADAS & AD (Autonomous Driving) systems integrated with various position, temperature, speed, image sensors, etc., is the prime aspect projected to drive the Global Automotive Sensors Market during 2022-27. Besides, numerous ongoing R&D activities on enhancing the autonomous abilities of vehicles owing to stringent government regulations & growing consumer awareness regarding vehicle safety are other prominent aspects projected to accelerate the demand for automotive sensors worldwide in the coming years.
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Market Segment and Geographical Analysis
By Sensor Type
- Temperature
- Pressure
- Speed
- Position
- Others (Magnetic, Gas, Inertial, etc.)
By Application
- Powertrain
- Chassis
- Exhaust
- Telematics
- Safety & Control
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
By Sales Channel
- OEMs
- Aftermarket
By Region
- North America
- South America
- Europe
- Asia-Pacific
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