Global Automotive Sensors Market Worth $ 43.7 Billion by 2024

According to Goldstein Research, global automotive sensors market is expected to harness USD 43.7 billion by 2024 from USD 24.7 billion, growing at a CAGR of 7.8% over the forecast period through 2024. Passenger safety concerns, rising sales of vehicles, regulatory mandates for fuel emission standards, improving fuel efficiency, necessity of safety systems and increasing manufacturing of autonomous vehicles are the key factors driving the automotive sensors market. Global automotive sensors market segmentation has been done on the basis of sensors type, applications, vehicle type and geography. Sensors used for advanced driver-assistance systems (ADAS) applications are anticipated to be the major growth segment in global automotive sensors market.
 
Global automotive sensors industry is largely dominated by Asia-pacific region owing to increasing sales of automobiles, emergence of connected vehicles market, stringent safety and fuel emission regulation by the governments and high manufacturing of the sensors in the region. Asia-pacific is followed by the Europe, which accounts for 22% share in global automotive sensors market.
 
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Market Segmentation

On the basis of our in-depth analysis, Global Automotive Sensors Market can be segmented as follows:
 

By Sensors Type

• Temperature
• Pressure
• Speed
• Level/Position
• MEMS (Micro electromechanical systems)
• Magnetic
• Gas
• Inertia
• LiDAR (Light Detection And Ranging)
• Others (NOx Sensors etc.)

By Applications

• Powertrain
• Chassis
• Body Electronics
• Vehicle Security Systems
• Alternative Fuel Vehicle
• Telematics

By Vehicle Type

• Passenger Cars
• Commercial vehicles
• Others (Two wheelers)

By Region

• North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 
The Report is available at: https://www.goldsteinresearch.com/report/automotive-sensors-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
 
 “Global Automotive Sensors Market Outlook 2024” by Goldstein Research contains detailed overview of the global automotive sensors market in terms of market segmentation by sensors type, applications and vehicle type.
 
Further, for the in-depth analysis, Global Automotive Sensors Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Robert Bosch GmbH, General Electric Company, Denso Corporation, Freescale Semiconductor, Delphi Automotive, Analog Devices Inc., Casco Automotive Group, Infineon technologies, Sensata Technologies, etc.
 
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
 
Overall, the report represents the global automotive sensors market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
 

About Goldstein Research

 
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
 
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research industry reports provide in-depth analysis of global and regional variations along with competitors’ overview.
 
Our analysts working on automotive market analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
 
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