Demand expands for automotive sensors
The overall demand for automotive sensors is growing significantly due to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market. Increase in sales of electric vehicles (EVs) is seen worldwide because of their economic, environmental, and energy benefits over conventional fuel vehicles and is expected to boost the market sales. The decline in sensor prices is also encouraging automotive manufacturers to develop automotive sensors for different applications in vehicles such as powertrain, chassis, safety, and body. The market in terms of volume is projected to experience a CAGR of 7.6% over the period of 2017 to 2021. All of these factors are discussed in the report, "Global Automotive Sensors Market - Analysis and Forecast: 2017-2021," by Bharat Book Bureau. The report is a compilation of various segmentations and includes market breakdown by sensor type, application, vehicle type, and different geographical regions.
The report provides a detailed market analysis and forecast with respect to various sensor types in the automotive sensors market, including pressure, temperature, position, speed, level, and inertia. On the basis of application, the automotive sensors market is segmented into powertrain, chassis, body, and safety. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed, which include conventional fuel vehicles (passenger and commercial) and electric vehicles (battery electric vehicles and hybrid electric vehicles).
The report examines the role of the leading market players involved in the industry. The company profiles section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years (2014-2017). Some of the key players examined are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Infineon Technologies AG, Sensata Technologies, Inc., and Analog Devices, Inc.
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