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Automotive Sensors Market was valued at $22 billion in 2015, and is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. Automotive sensors detect, measure, and transmit the information, which helps in analyzing performance of the vehicles. These sensors utilize IC fabrication technology made on silicon wafers.
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Automotive Sensors market
1. Automotive
Sensors Market
Global Opportunities
and Industry
Forecasts, 2014- 2022
Automotive Sensors Market by Type (Pressure, Temperature, Gas,
MEMS and Motion), and Application (Powertrain, Body Electronics,
Chassis, and Safety & security)
2. Automotive Sensors Market
• Automotive sensors detect, measure, and transmit the information, which helps in
analyzing performance of the vehicles. These sensors utilize IC fabrication technology
made on silicon wafers.
• Automotive sensors monitor and control the chemical, physical and process changes
of the automobiles. Sensors are used to minimize the fuel consumption, reduce on-
board weight of vehicle and comply with government regulations towards the
passenger’s safety.
• The ability of the automotive sensors to monitor vehicle safety, engine efficiency,
driving comfort and vehicle dynamic behaviour is expected to promote its demand in
near future.
Introduction
3. Automotive Sensors Market
• Global Automotive Sensors Market is expected to reach $37 billion by 2022, states
Allied Market Research.
• Global Automotive Sensors Market will grow at a prominent CAGR of 7.5% % from
2014 to 2022.
• MEMS sensor is expected to dominate this market from 2016 to 2022.
• Europe would continue to lead, accounting for approximately 35% share.
Current and Future Market Scenario
5. Automotive Sensors Market
• Advanced technologies such as advanced driver assistance systems (ADAS), lane
departure warning (LDW) systems are likely to provide huge impetus to the market
growth.
Other factors that contribute to market growth are:
• Increasing use of sensors in hybrid and electric cars.
• Favorable legislations for use of automotive sensors.
• Consumer concerns about vehicle security and environment safety (includes
image sensor).
Factors Contributing to Market Growth
6. Automotive Sensors Market
TOP WINNING STRATEGIES
• The winning strategies described below are a result of the analysis performed on company
profiles of key players in the market. These results are gathered from the recent development of
dominant players in the automotive sensors market. The automotive sensors market is largely
driven by acquisitions and products launch strategies.
7. Automotive Sensors Market
• Asia Pacific is anticipated to register the fastest CAGR of 8% during the forecast
period.
• Japan is the major shareholder accounting for about 27% share of the overall Asia-
Pacific automotive sensors market.
• The growing demand of automotive sensors in North America and Asia-pacific have
further boosted the market growth.
Region Overview
8. Automotive Sensors Market
• The key players in the automotive sensors market are focused on expanding their
business operations in the fast-growing emerging countries with new product
launches as a preferred strategy.
• The major key players profiled in this report include Robert Bosch GmbH, Denso
Corporation, Continental AG Corporation, Sensata Technologies, Autoliv Inc., Infineon
Technologies, Delphi Automotive LLP, Freescale Semiconductors, Analog Devices Inc.
and Asahi Kasei Corporation.
Leading Players
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