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Sensors in automobiles are being used more than ever. Sensors make the automobiles safe for use, reduce the error of human judgment, and ensure accurate detection of possibility regarding error or problems. Sensors improve the reliability and durability of the vehicle. Market Research Future (MRFR) has published a research report that adumbrates aggrandizement for the global passenger car sensors market with 10.21% CAGR (Compound Annual Growth Rate) between 2016 and 2022.
Observing the market structure, this report evaluates the future growth potential of the market and analyzes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures, new product developments, mergers and acquisitions, new product developments (R & D) in the market. The key factors that are driving the growth of this market include electronic stability control, growing urbanization, heating & ventilation air conditioning, occupant detection, rising disposable income of middle class, safety & comfort, and stringent emission norms. Tire pressure monitoring systems help driver understand what kind of road is the car moving and how prone can the tires be to the damage. The government also encourages passenger car sensors for electronic stability control and for detection.
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The global passenger car sensors market has been segmented on the basis of application, end market, type, and region. As per the application-based segmentation, the market has been segmented into advanced driver assistant systems (ADAS), body control, exhaust, interior/comfort, and others. Based on end-market, the segmentation covers original equipment manufacturer (OEM) and aftermarket, a market for accessories, components, and spare parts for motor vehicles. By types, the market has been segmented into pressure, speed, temperature, and others.
The regional segmentation of the global passenger car sensors market segments the market into regional markets namely North America, Europe, Asia Pacific, and the rest of the world (RoW). Among established markets, North America is a huge market due to technological advancement. In this region, the biggest market is in the United States of America (USA). Europe is encouraging passenger car manufacturers to focus on the emerging parts of the globe where the passenger car population is increasing at a fast pace. In Europe, countries like France and the United Kingdom (UK) are big markets.
During the forecast period, Asia Pacific is expected to emerge as the fastest growing market. In many countries, governments are making rearview sensors or backup cameras mandatory on all new vehicles, due to increased risk to small children and pedestrians from reversing or rolling back vehicles. Growing demand for sensors that can monitor light, pressure, temperature, and other things, are driving the market of passenger car sensors market and showing opportunity for the development of sensor.
The key players in the global passenger car sensors market include Allegro Microsystems LLC (USA), Analog Devices Inc. (USA), Continental AG (Germany), CTS Corporation (USA), Delphi Automotive PLC (Ireland), Denso Corporation (Japan), Elmos Semiconductors (Germany), Infineon Technologies (Germany), Robert Bosch GmbH (Germany), and TRW Automotive (USA).
Latest Industry News
- By electrifying semitrailers, Bosch is making electromobility possible for today’s semi trucks. At the IAA Commercial Vehicles in Hannover, Bosch will present an electrified axle that can be integrated into semitrailers. 28 AUG 2018
- ZMP Inc., a Tokyo-based developer of autonomous driving technology, and Hinomaru Kotsu are the first in the world to offer autonomous taxi services to fare-paying passengers soon. These autonomous taxies that run primarily on sensors will be tested on Tokyo roads. 27 AUG 2018
Key Questions Addressed by the Report
- What was the historic market size (2020)?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Contact Person: Abhishek Sawant
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