Global Automotive Sensors Market 2023-2027

Global Automotive Sensors Market 2023-2027
The automotive sensors market is forecasted to grow by USD 8,339.77 mn during 2022-2027, accelerating at a CAGR of 6.12% during the forecast period. The report on the automotive sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by electrification and hybridization of vehicles, collaborations and partnerships among players, and increasing disposable income of consumers leading to automobile demand.

Technavio's automotive sensors market is segmented as below:

By Vehicle TypePassenger carsCommercial vehicleBy TypeTemperature sensorSpeed sensorPressure monitoring sensorImage sensorOthersBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the adoption of ADAS systems as one of the prime reasons driving the automotive sensors market growth during the next few years. Also, growing market share of luxury vehicles and growing demand for autonomous vehicles will lead to sizable demand in the market.

The report on the automotive sensors market covers the following areas:Automotive sensors market sizingAutomotive sensors market forecastAutomotive sensors market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive sensors market vendors that include Amphenol Corp., Aptiv Plc, Auto DITEX BG Ltd., Dorman Products Inc., Electricfil SA, Faurecia, Hitachi Ltd., Mitsubishi Electric Corp., Niterra Co. Ltd., NXP Semiconductors NV, PRENCO Progress and Engineering Corp. Ltd., Robert Bosch Stiftung GmbH, Schaeffler AG, Sensata Technologies Inc., Spectra Premium Industries Inc., TDK Corp., Tenneco Inc., Texas Instruments Inc., Toyota Motor Corp., and Walker Products Inc.. Also, the automotive sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.