The Automotive Sensor Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 7.14% during the forecast period from 2019 to 2029.
According to a new market intelligence report by BIS Research, titled “Global Automotive Sensor Market - Analysis and Forecast, 2019-2029”, The automotive sensor market was valued at $34.95 billion in 2018 and is expected to reach $71.62 billion by 2029, registering a CAGR of 7.14% between 2019 and 2029.
The automotive sensor market was valued at $34.95 billion in 2018 and is expected to reach $71.62 billion by 2029, registering a CAGR of 7.14% between 2019 and 2029. The key players in the global automotive sensor market are Robert Bosch GmbH, Continental AG, Denso Corporation, Melexis, Allegro Microsystems, Sensata Technologies, Delphi Technologies, and CTS Corporation among others.
These companies adopt different strategies such as product launches, business expansions, mergers/collaborations/partnerships, and product developments in order to enhance their market share and widen their regional foothold.
BIS Research Report: bisresearch.com/industr…arket.html
Major sensors such as temperature sensor, pressure sensor, position sensor, speed sensor, level sensor, inertial sensor, gas sensor, flow sensor, knock sensor, force sensors, and torque sensors, among others are, largely, being developed by sensor manufacturers.
Key Questions Answered in the Report:
- Which global factors are expected to impact the automotive sensor industry?
- What is the estimated global automotive sensor market size in terms of revenue from 2018 to2029?
- How much revenue is expected to be generated by:
- different types of sensors – temperature, pressure, position, speed, level, inertial, knock, gas, and flow?
- different types of vehicles − passenger vehicles, commercial vehicles, conventional vehicles, and electric vehicles?
- different regions namely North America, Europe, Asia-Pacific, and Middle East and Africa, and Latin America?
- Which automotive sensor application is expected to be dominant in the forecast period 2019-2029?
- Which companies are the major players in the automotive sensor market? What are the key market strategies being adopted by them?
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