Global Automotive Sensor Market Expected To Reach 10 $billion by 2020

Date: 2016-09-17

Automotive Sensor market is expected to grow with the CAGR of about 8.5% from 2016 to 2020. It is projected to be valued at more than $10 billion by 2020. For the Global Automotive Sensor market drivers are increasing safety demands & growing environmental concern from both government agencies as well as consumers. Rapid technological advancements are also expected to have a profound impact on the market growth.

The Medium end vehicles segment, held the largest share within the global automotive sensors market in 2016. It is expected to retain its dominance in the market growing at a fast pace during the forecast period.

Optical sensors are the most widely used types of automotive sensors. Optical sensors are the most extensively used senor type across different type of passenger cars (conventional fuel and electric cars), and held the largest share within the automotive sensors market in 2016.

According to survey, the region of Automotive Sensor market share as following:
Key players in the market include Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Delphi Automotive Plc (U.K.), Autoliv Inc. (U.S.), Autoliv Inc. (U.S.), Sensata Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), Freescale Semiconductor Ltd. (U.S.), and STMicroelectronics N.V. (Switzerland) among others.

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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520



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