According to the report, “Automotive Sensor Market, by Sensor Type (Nox Sensor, Temperature Sensor, Position Sensor, Pressure Sensor, Oxygen Sensor, Speed Sensor, Image Sensor, Inertia Sensor), Application (Telematics, Chassis, Powertrain, Body Electronics, Exhaust, Safety & Control), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for automotive sensors is set to witness an impressive rise in demand and revenue by 2022.
The global automotive sensors market offers in-depth analysis of the market drivers, restraints, and key players. It also provides information about the growth trends and revenue forecasts for the global market for the near future.
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According to the report, the automotive sensors market will grow at an impressive rate during the forecast period. The rising demand in this market is attributed to the rising demand for comfort, safety, and convenience by the end-user segments.
The increasing electrification of the vehicles is also a significant driving factor for the global market. The changes in the government rules and regulations about the driver safety, assistance, and safety are also significantly influencing the overall growth of the market.
The major restraining factors for the market include standardization of fabrication and the high prices of raw materials.
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The automotive sensors market report segments the global market by sensor types, applications, and the major geographic regions. The types of sensors include temperature sensors, NOx sensors, pressure sensors, position sensors, image sensors, speed sensors, oxygen sensors, and inertial sensors.
The application segments in the report include chassis, telematics, body electronics, powertrain, safety & control, and exhausts. The geographic segments include North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
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The automotive sensors market report highlights some of the key market players, which include Analog Devices, Inc., Autoliv, Inc., CTS CORP, Delphi Automotive PLC, Denso Corporation, Elmos Semiconductor AG, Freescale Semiconductor, Inc., General Electric Co., Infineon Technologies AG, Robert Bosch GmbH, and such others. According to the report, the key market players are expected to witness impressive growth opportunities from the emerging markets.
The technological advancements and the rising demand are expected to create business opportunities for the key market players.
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