Automotive Sensor Market Estimated to Reach $35.78 Billion by 2022 at a CAGR of 8.6% - New Report by MarketsandMarkets
(PRWEB) June 24, 2014 -- According to a recent market research report of Automotive Sensor Market by Product, Application and Geography - Forecast & Analysis upto 2022, the global market is expected to grow at a CAGR of 8.6% from 2014 to 2022 and reach $35.78 Billion in 2022.
Browse 94 Tables and 88 Figures spread through 355 Pages combined with an in-depth TOC on "Automotive Sensor Market."
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In the present automotive industry, different types of sensors are being used in areas ranging from engine performance, vehicle security to passenger safety and security in order to provide comfortable and convenient vehicle behavior. The demand for sensors is continuously growing in diverse automotive applications such as: safety and control, power train, body electronics, vehicle security system, alternative fuel, telematics and many others evolving and is continuously growing. The Automotive Sensor Market is triggered due to a lot of factors. For automotive sensor market, worldwide vehicle production, technology developments, customer taste and government mandates are acting as a driver whereas, pricing issues, high expectations from automotive OEM and no availability of aftermarket are acting as a restraints. The increasing demand of Advance Driver Assistance Systems (ADAS) and hybrid and electric vehicle are the future opportunities for automotive sensors.
The global Automotive Sensor Market by revenue is estimated to reach $35.78 Billion in 2022 at a CAGR of 8.6% from 2014 to 2022.
This report also covers the detailed classification of overall Automotive Sensor Market on the basis of different product types, applications and geographies. Each sub-segment is given with extensive analysis, market size estimates, and revenue forecasts from 2014 to 2022. Detailed value chain analysis and porter's five forces analysis is also given in this report. The major product types mentioned in the report includes temperature sensors, speed sensors, pressure sensors, oxygen sensor, MEMS sensors, magnetic sensors, inertial sensors, level/position sensors, Nox (Nitrogen Oxide) sensor, and others. The report also includes main application areas of sensors in automotive, namely, powertrain, safety and control, telematics, vehicle security system, alternative fuel, body electronics, and others. Market by geography consists of four major regions, Americas, Europe, Asia-Pacific and Rest of the World. The market is also segmented on the basis of major countries such as the U.S., Canada, the U.K., Germany, Japan, China, India, Australia and many others.
The competitive landscape section of the report provides the key strategies followed by major players and their company profiles. Market share analysis for key industry players with respect to different application and product types of automotive sensors is also given in this section. The report also presents a detailed analysis of the overall Automotive Sensor Market with market dynamics (drivers, restraints and opportunities) and market size forecasts in terms of revenues and shipments for detailed sub segments of the market.
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