Automotive Sensors Market Share, Growth, Trends, Key Players, Investment Opportunities and Future Scope 2027

Market Insights

As per recent research by MarkNtel Advisors, The Global Automotive Sensors Market is projected to witness 6.8% growth during the forecast period, i.e., 2022-27.

Key Driver: Mounting Consumer Interest in Autonomous Vehicles

The growing adoption of ADAS & AD (Autonomous Driving) systems integrated with various position, temperature, speed, image sensors, etc., is the prime aspect projected to drive the Global Automotive Sensors Market during 2022-27. Besides, numerous ongoing R&D activities on enhancing the autonomous abilities of vehicles owing to stringent government regulations & growing consumer awareness regarding vehicle safety are other prominent aspects projected to accelerate the demand for automotive sensors worldwide in the coming years.

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Market Segmentation and Consumer Behavior:

By Sensor Type
- Temperature
- Pressure
- Speed
- Position
- Others (Magnetic, Gas, Inertial, etc.)
By Application
- Powertrain
- Chassis
- Exhaust
- Telematics
- Safety & Control
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
By Sales Channel
- OEMs
- Aftermarket

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Automotive Sensors Market Geographical Analysis:

By Region:

North America
South America
Europe
Asia-Pacific

Key Players and Competitive Strategies in the Automotive Sensors Market

Several prominent players dominate the Automotive Sensors Market, including:

Allegro Microsystems, LLC
BorgWarner, Inc.
CTS Corporation
Continental AG
Denso Corporation
Elmos Semiconductor
Infineon Technologies AG
NXP Semiconductors
Robert Bosch GmbH
STMicroelectronics
Texas Instruments Incorporated
Others

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Questions Addressed in this Study

1.What factors are driving the Automotive Sensors Market growth?

2.How is the Automotive Sensors Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive Sensors Market?

4.What is the current size of the Automotive Sensors Market, and how is it projected to change in the future?

6.What is the future outlook for the Automotive Sensors Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.