Dublin, Aug. 27, 2020 (GLOBE NEWSWIRE) -- The "Automotive Sensors Market with COVID-19 Impact Analysis by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.Increasing electrification in the automotive industry to drive the market for automotive sensors.Increasing electrification in the automotive industry, stringent environment regulations, motor production worldwide, growing consumer demand for safety and comfort are the major factors driving the growth of the automotive sensors market. However, safety threats related to autonomous cars and price competitive market acts as a restraint for the market growth.Based on type, image sensors to be the fastest-growing technology segment between 2020 and 2025.Automotive sensors segmented based on types is categorized as position, speed, pressure, O2, NOx, inertial, temperature, image, and other sensors. The demand for image sensors is expected to grow rapidly owing to the increased utilization of image sensors in ADAS, active parking assistance (APA), lane departure warning (LDW), collision avoidance systems, and other safety applications. The rapid development of autonomous cars, which relies significantly on image sensors, has spiked the demand for image sensors.Based on application, Safety & Control to be the fastest-growing application between 2020 and 2025.Based on applications, the automotive sensors market has been segmented into powertrain, chassis, body electronics, safety and control, exhaust, telematics, and others. There has been a significant demand in the active and passive safety systems for the automotive sector. Earlier, the safety systems were a part of the luxury vehicles however the government standards pertaining to vehicle safety, rise in demand for safe, efficient, and convenient driving experience, and increasing demand for luxury cars are some of the factors driving the growth of the automotive sensors market for safety & control applications.APAC automotive sensors market to record the highest growth rate during the forecast period.The automotive sensors market in the APAC region is expected to grow at the highest CAGR during the forecast period. The automotive sensors market has also been broadly classified based on regions - North America, Europe, APAC, and RoW. The increase in the purchasing power of the consumer, infrastructure development, and increasing demand for more efficient and safer vehicles are the main factors that are driving the growth of the automotive sensors market in this region.Research CoverageThe report defines, describes, and forecasts the automotive sensors market based on sensor type, sales channel, vehicle type, application, and region. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the automotive sensors market. It also analyzes product launches, acquisitions, expansions, and partnerships carried out by the key players to grow in the market.Key Topics Covered1 IntroductionFor more information about this report visit https://www.researchandmarkets.com/r/69blv9
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
August 27, 2020 at 03:03PM
https://ift.tt/32xZOhA
Global Automotive Sensors Market to Cross $40 Billion by 2025, Growing at a CAGR of 10.5% Between 2020 & 2025 - GlobeNewswire
https://ift.tt/2KWziX0
Bagikan Berita Ini
0 Response to "Global Automotive Sensors Market to Cross $40 Billion by 2025, Growing at a CAGR of 10.5% Between 2020 & 2025 - GlobeNewswire"
Post a Comment