Market Highlights —
As the government norms become more stringent and the demand for safety increases, more and more sensors are needed, to meet this demand. Innovations such as monitor temperature, pressure and other things driving the market of passenger car sensors market and also shows stagnant growth for the development of sensors .Geographically, Asia pacify is referred as fastest growing region for passenger car sensors market. Recently, government announced to make it mandatory for all vehicles to either have the anti-lock braking system or the combined braking system gains the popularity for the growth of the market. Moreover, the changing focus of the Automotive Industry to technological advancement and electrification is expected to boost the demand of passenger car sensor market. Whereas, cost of sensors, is acting as a barriers for the electric vehicle market.
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Key Players of Passenger Car Sensors Market:
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Delphi Automotive PLC
• Allegro Microsystems LLC
• Analog Devices Inc.
• CTS Corporation
• Elmos Semiconductors
• Infineon Technologies
• TRW Automotive
Market Research Analysis:
Asia pacific is fastest growing region for automotive sensors market owing to factors such as Technology & demand drivers for large batteries as well as mandatory installation of sensors in vehicles. Moreover, compact size, ecofriendly nature, and bulk manufacturing capability are the key drivers that are helping the automotive sensors market to grow. Increased R&D in the sensor industry is creating opportunities for technological advancements that open up new horizons for sensor applications. The rise in purchasing power of the consumers, increasing focus on safety, rising demand for comfort driving and the stringent safety regulations imposed by different governments, are key factors that fuel the growth of the market.
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Scope of the Report:
This study provides an overview of the global Passenger Car Sensors industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Passenger Car Sensors market as sensor type, application. On the basis of sensor type it is segmented as Pressure, Temperature and Speed and other. On the basis of application it is segmented as Powertrain/ Drivetrain, Exhaust, Interior/Comfort, DAS and Body control.
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