Press release
Passenger Car Sensors Market Quadruples Massively By 2022 - Global Key Players Bosch, Continental, Denso, Allegro Microsystems, Elmos Semiconductors, Sensata Technologies, And Infineon
Passenger Car Sensors Market to grow at highest compound annual growth rate from 2018 to 2023. Passenger Car Sensors Market analysis by Sensor Type (Pressure, Temperature, Speed and other), by Application (Powertrain/ Drivetrain, Exhaust, Interior/Comfort, DAS and Body control) and Region.Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi (U.K), Allegro Microsystems LLC (U.S.), Analog Devices Inc (U.S.), CTS Corporation (U.S.), Elmos Semiconductors (Germany), Infineon Technologies (Germany), Sensata Technologies (U.S.) and TRW Automotive (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Passenger Car Sensors Market.
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Global Passenger Car Sensors Market Highlights:
The global passenger car sensor market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market had gained back the pre-crisis annual growth rate in 2014. With several driving trends such as miniaturization, growing urban population, increasing environment concerns, and rising disposable income of middle class population, the global passenger car sensor market is poised to grow at an estimated CAGR of 10.21% through the forecast period. The global passenger cars sensor market was dominated by medium end vehicles from companies such as Nissan, Hyundai, and Honda among others. While sensors from medium end vehicles has generated ample revenue in the last few years.
The growing popularity of autonomous driving systems in medium and high end vehicles are expected to significantly increase the revenue generation towards the end of the forecast period. Moreover, the upcoming integration of semiconductor and internet of things is further expected to drive the market growth through the forecast period. Since the passenger car sensor market is directly associated to the developments in the automobile market, the revenue generation varies greatly with the geographical locations. While countries like Germany and the U.K. gain dominant share of revenue through the sales of sensors for high end luxury cars, the markets of China and Japan are led by medium end vehicles.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Passenger car sensors market is highest growing market in Asia pacific. Government announced that soon they will make rear view sensors or backup camera's mandatory on all new vehicles. Increasing risk to small children and pedestrians from reversing or rolling back vehicles is the major aim behind that. Additionally, sensor innovation such as monitor light, temperature, pressure and other things driving the market of passenger car sensors market and showing opportunity for the development of sensor.
For more information on this Passenger Car Sensors Industry - Global Market Report @ https://www.marketresearchfuture.com/reports/passenger-car-sensors-market-2118
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