Global Automotive Sensors Market - Analysis and Forecast: 2017-2021 (Focus on pressure sensor, inertial sensor, speed sensor, luxury cars, battery electric vehicles, heavy commercial vehicles, powertrain, and safety application)
The overall demand for automotive sensors is significantly growing owing to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market. Increase in sales of Electric Vehicles (EVs) is witnessed worldwide owing to its economic, environmental, and energy benefits over conventional fuel vehicles which is expected to boost the market sales. The decline in sensors prices is also encouraging the automotive manufacturers for the development of automotive sensors for different applications in vehicles such as powertrain, chassis, safety and body. The market in terms of volume is estimated to witness growth at a CAGR of 7.6% over the period of 2017 to 2021. The report is a compilation of various segmentations including market breakdown by sensor type, application, vehicle type, and different geographical regions.
The report provides a detailed market analysis and forecast with respect to various sensors types in the automotive sensors market which are pressure, temperature, position, speed, level, inertial sensor, and others. On the basis of application, the automotive sensors market is segmented into powertrain, chassis, body, and safety. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed, which include conventional fuel vehicles (passenger and commercial) and electric vehicles (battery electric vehicle and hybrid electric vehicle).
The report addresses the following key questions about the global automotive sensors market:
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