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Automotive Sensor Market By Sensors Type (Pressure, Speed, Temperature, Position, Oxygen, Inertial, Image, Others); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Application (Safety and Security, Emission Control, Engine and Drivetrain, Others); By Region, Segments & Forecast, 2018 - 2026
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Automotive Sensor MarketSet to Exceed USD 54.92 billion by 2026 | CAGR 9.7% “Automotive Sensor Market By Sensors Type (Pressure, Speed, Temperature, Position, Oxygen, Inertial, Image, Others); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Application (Safety and Security, Emission Control, Engine and Drivetrain, Others); By Region, Segments & Forecast, 2018 - 2026”
Automotive Sensor Market Estimate & Forecast to 2026 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.
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Automotive Sensor Market Estimate & Forecast to 2026 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. 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. Browse Complete Report
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