Major factors driving growth of the global automotive sensors market are growing automotive sale across the globe and growing demand from transportation sector for heavy duty commercial vehicle for comfort and safety.
The global automotive sensors market report has been segmented on the basis of sensor type, vehicle type, and region.
The sensor type segment of global automotive sensors market is segmented on the basis of pressure sensor, temperature sensor, speed sensor, position sensor, O2 Sensor, NOx Sensor, inertial sensor and image sensor. The pressure sensor segment is expected to contribute significant revenue share in the global market.
The vehicle type segment of global automotive sensors market is segmented on the basis of passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). The passenger car segment is expected to contribute significant revenue share in the global market.
On the basis of region, the global automotive sensors market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
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The automotive sensors market in Asia Pacific is expected to account for largest share in the global market in terms of revenue, owing to growing automotive sector, and growing demand form transportation sector and presence of major players operating in countries in the region. The market in Europe is projected to register lucrative CAGR in terms of revenue over the forecast period, owing to rising disposable income, increasing spending capacity among individual, and presence of major automotive manufacturers operating in countries in this region.
Key players operating in the global automotive sensors market include Robert Bosch GmbH, Continental AG, DENSO Corporation, Analog Devices, Inc., Sensata Technologies, Inc., Delphi Automotive PLC, Infineon Technologies AG, and STMicroelectronics