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(USGovernment-News.Com, May 07, 2019 ) The global automotive sensors market accounted to US$ 8.17 Bn in 2018 and is expected to grow at a CAGR of 8.3% during the forecast period 2019 – 2027, to account to US$ 16.73 Bn by 2027.
The market for automotive sensor globally has been segmented into three major segments including type, application, and vehicle type. The type segment is further segmented into LED, image sensor, position sensor, temperature sensor, pressure sensor, and others. The demand for image sensors is growing high as the advantages of these automotive image sensors are growing among the automotive manufacturers as well as the individuals, which is paving the path for image sensor segment in the automotive sensors market. The Advanced Driver Assistance Systems (ADAS) is increasingly becoming mainstream among the luxury cars segment and is also being integrated on the mid-range car segments and commercial vehicles. These image sensors facilitate in enhancing the safety of the vehicle, driver, and passengers. Attributing to the increasing integration of ADAS in automobiles, the procurement of image sensors is foreseen to be exponential in the near future. Furthermore, the rising demand and manufacturing of fully-automatic and semi-autonomous vehicles project a prominent future for the image sensor segment in the automotive sensors market.
Automotive Sensors Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Companies Mentioned:- GlaxoSmithKline Plc, Sanofi SA, Bharat Biotech, Bio-Med Pvt. Ltd, PT Bio Farma, PaxVax , Inc, Shanghai Institute of Biological Products Co., Ltd, Prokarium, Merck&Co. Inc., AstraZeneca
Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends and restrictions of the segments and sub-segments are mentioned in the report. It also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Automotive Sensors Market.
Every crucial and decisive detail for the development of the market and the restraining factors that may hamper the market in near future is mentioned with solutions in the report. Segmentations of the market are studied specifically to give profound knowledge for supplementary market investments.
The report assists in determining and analyzing the Key market players’ portfolios with information such as company profiles, components and services offered, financial information of last 3 years, key developments in past five years and helps in constructing strategies to gain competitive advantage. The market payers from Automotive Sensors Market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Sensors in the global market. Below mentioned is the list of few companies engaged in the Automotive Sensors Market.
Answers that the report acknowledges: Market size and growth rate during forecast period. Key factors driving the “Automotive Sensors Market” market. Key market trends cracking up the growth of the “Automotive Sensors Market” market. Challenges to market growth.
Key vendors of “Automotive Sensors Market” market. Detailed SWOT analysis. Opportunities and threats faces by the existing vendors in Global “Automotive Sensors Market” market. Trending factors influencing the market in the geographical regions. Strategic initiatives focusing the leading vendors. PEST analysis of the market in the five major regions.
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