A sensor is an electronic device that can detect changes in an environment and sending updates to the system electronically. It can identify chemical, physical, and process-based changes. Corrective action is taken based on the information send by the sensor. The number of sensors that monitor the onboard conditions in a vehicle has increased rapidly over the years. These sensors can measure many parameters such as temperature, pressure, fluid levels, speed, acceleration, and oxygen flow.
Technavio’s analysts forecast the global automotive sensors market to grow at a CAGR of 7.08% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global automotive sensors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Automotive Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver • ADAS and HMI considered prime factors of product differentiation • For a full, detailed list, view our report
Market challenge • Cost pressure for sensor manufacturers • For a full, detailed list, view our report
Market trend • Advances in sensor types and emerging sensor applications • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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