Automotive Sensors Market to 2022 Business Opportunity by key players Robert Bosch GmbH, Denso Corporation, Continental AG Corporation, Sensata Technologies, Autoliv, Infineon Technologies, Delphi Automotive

The global 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. A global increase in vehicle production and technological advancements are the two primary factors that drive this market. With the introduction of electric and hybrid vehicles and advanced driver assistance systems, the global automotive sensor market would witness a boom during the forecast period. However, high repair and replacement cost coupled with unavailability of aftermarket for automotive sensor may inhibit the market growth.

The major 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.

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Based on sensor type, the market is segmented into temperature sensors, pressure sensors, speed sensors, position sensors, MEMS sensors, magnetic sensors, gas sensors, nitrogen oxide (NOx) sensors, inertial sensors and several others. Among all, MEMS will evolve as one of the most promising type of sensors in various applications including powertrain, chassis, body electronics, security and control. The application segment of this market covers powertrain, body electronics, vehicle security system, safety & control, telematics and other applications. Geographically, the market is segmented into North America, Europe, Asia Pacific and LAMEA. Asia Pacific holds the highest market share in the automotive sensor industry due to the presence of a thriving automotive vehicle manufacturing industry across Japan, South Korea, China, and India.

Europe accounted for the majority of revenue in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed to the increasing demand of emission control sensors (ECS) with the emergence of strict regulations such as EURO VI,NSVI and BS VI. Furthermore, European government has also tightened the rules for safety, which is likely to fuel the market in years to come.

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Table of Contents

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Automotiove Sensors Market, By Type
Chapter 5: Global Automotiove Sensors Market, By Application
Chapter 6: World Automotiove Sensors Market By Geography
Chapter 7: Company Profile

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This release was published on openPR.