Automotive sensors monitor and control the chemical, physical and process changes of the automobiles. Sensors are used to minimize the fuel consumption, reduce onboard weight of vehicle and comply with government regulations towards the passenger’s safety.
Asia Pacific automotive sensor market was the largest regional segment and is expected to grow at a CAGR of 8.7% from 2017 to 2025. This growth is attributed to the presence of key automobile manufacturers in this region, particularly in China and India.
Asia Pacific was followed by Europe, which accounted for over 20.7% of the revenue share in 2017. North America also had a considerable revenue share and is expected to grow at a CAGR of 7.8% from 2017 to 2025. This growth is due to favorable legal situations, particularly in the U.S.
In 2019, the market size of Automotive Sensor is 22800 million US$ and it will reach 37200 million US$ in 2025, growing at a CAGR of 6.3% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Automotive Sensor.
This report studies the global market size of Automotive Sensor, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Automotive Sensor production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Market Segment by Product Type
Market Segment by Application
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Automotive Sensor status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Automotive Sensor manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Automotive Sensor are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025