Automotive Sensor Market Research Report - Global Forecast to 2027. Global Autom

Posted by Abhijeet Bendre on July 18th, 2019

Automotive Sensor Market Research Report - Global Forecast to 2027. Global Automotive Sensor Market information research report, by Sensor types (Temperature, Motion, Pressure, Gas, Optical), by Method (MEMS, NMEMS), by Application (Automobile, Body electronics), by Vehicle type (Heavy vehicle) - Global Forecast 2027.

Market Synopsis of Automotive Sensor Market:

Over the last 30 years, vehicle electronic systems are growing rapidly. The evolution of microcontroller and sensor technologies is providing authority to automobile industries to develop complex systems which can provide higher levels of vehicle control and safety to the end consumers. The Global automotive sensor market is increasing due to growing urbanization, rising environmental concerns, and increasing disposable income of middle-class population. This market is growing with the CAGR rate of XX% and expected to reach US $XX million by the end of forecasted period.

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Market Segmentation

Global Automotive Sensor Market has been segmented into sensor types, method, applications and by vehicle type. By Sensor type includes- pressure sensor, temperature sensor, position sensor, motion sensor, optical sensor, torque sensor, gas sensor, level sensor and others. By method market has been segmented as - micro- electro-mechanical systems (MEMS), non- electro-mechanical systems (Non-MEMS), Nano- electro-mechanical systems (NMEMS) and others. By Application market includes automobile, safety and control, body electronics and others. By Vehicle type, market has been segmented as conventional fuel cars, alternative fuel cars, heavy vehicles and others.Regional Analysis

The automotive sensor market in North America is dominated by US followed by Mexico and Canada. America has the third largest share in Global Automotive sensor market and is expected to grow with a CAGR of XX % during the forecasted period. The major growth drivers of automotive sensor market include increasing population with high disposable income. The Asia-Pacific is the emerging region in Global Automotive Sensor market due to stringent government regulations, and persuasive car designers to upgrade the safety provision in car designs. Automotive sensor market will grow for low end vehicles ad is expected to grow with a CAGR of more than XX% due to increasing demand for low-end automobiles. The increasing disposable income of the middle-class population and the inclination of buyers towards high-end luxury cars are driving the growth of automotive sensor market in India.