The global Automotive Sensor Market is
anticipated to reach around USD 54.92 billion by 2026 according to a new
research published by Polaris Market Research. In 2017, the engine and
drivetrain application dominated the global market, in terms of revenue. In
2017, Asia-Pacific accounted for the majority share in the global Automotive
Sensor market.
The expanding global automotive
industry, along with increasing demand for passenger cars majorly drives the
market growth. The adoption of electric vehicles has increased significantly
owing to stringent government regulations regarding vehicular emissions,
thereby supporting market growth. Other factors driving the market growth
include growing demand of ADAS systems, technological advancements, and
modernization of vehicles. New emerging markets, emerging consumer
demographics, and increasing demand of vehicles would provide growth
opportunities for automotive sensor market in the coming years.
Get Sample Copy : https://www.polarismarketresearch.com/industry-analysis/automotive-sensor-market/request-for-sample
Market players operating in the
global automotive sensor market are investing significantly in research and
development and technological innovation to develop advanced products to meet
the growing consumer demands. The development of autonomous vehicles is
significantly increasing the demand for automotive sensors. Autonomous cars
operate using a combination of different technologies such as GPS sensing
knowledge for navigation, sensors for collision avoidance, and augmented
reality for driver information.
In 2017, Asia-Pacific accounted for
the highest share in the global automotive sensor market. The primary factors
driving the automotive sensor market growth in the region include established
automotive industry, technological advancements, and high investment in
R&D. The introduction of stringent government regulations regarding
vehicular safety and emissions accelerates the adoption of automotive sensors
in the region. The economic growth in countries such as China, Japan, and
India, increasing development of autonomous vehicles, and growing automotive
modernization further increases the demand of automotive sensors in the region.
Get Discount Offer: https://www.polarismarketresearch.com/industry-analysis/automotive-sensor-market/request-for-discount-pricing
The leading companies profiled in
the Automotive Sensor Market Report include
Denso Corporation, TE Connectivity Ltd., Continental AG, Analog Devices Inc.,
Eaton Corporation, Ford Motors, Robert Bosch GmbH, Autoliv Inc, AMETEK Inc.,
and General Electric. These companies launch new products and collaborate with
other market leaders to innovate and launch new products to meet the increasing
needs and requirements of consumers.
