Industry Insight
Market Research Future (MRFR), highlights that
the “Global Automotive Electronics Sensor Aftermarket Market 2020” is expected
to grow exponentially, securing a significant market valuation and expected to
reach USD 9,600 Million by the end of forecast period and a vigorous CAGR of
4.15% over the evaluation period of 2017-2025. The report also refers to
the influence of the novel COVID-19 pandemic on the market.
Trending Factors & Drivers
Automotive electronics sensor aftermarket market to
experience a remarkable growth as automotive manufacturers is making their
products energy-efficient, safer and convenient. After this, rising production
of cars globally, mounting vehicle electrification, stringent government
regulations, and upward demand for automotive electronics sensor for the
comfort and convenience has also motivated the market to a great extent.
More factors stated by the Market Research Future (MRFR) report include the rising concern about emission norms, greenhouse gas emissions and fuel economy getting stringent in various parts of the world, rigid rules laid down by the government for security and fuel emission have helped a great deal to shape the automotive industry amid COVID 19 outbreak. This has opened ways laiding opportunities for automotive manufacturers in using different sensors in cars for keeping a track on exhaust gases.
Top Competitors
The top players of global automotive electronics sensor
aftermarket are listed as BorgWarner Inc. (US), NGK Spark Plug CO., LTD
(Japan), Delphi Technologies (UK), Robert Bosch GmbH (Germany), Continental AG
(Germany), Valeo (France), Hella GmbH & Co. KGaA (Germany), Denso
Corporation (Japan), and Sensata Technologies, Inc. (US).
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Segmentation:
·
In terms of
type segment, the global automotive electronics sensor aftermarket has
included a LiDAR sensor, oxygen sensor, position sensor, temperature sensor,
speed sensor, pressure sensor, and others.
·
In terms of
application segment, the global automotive electronics sensor aftermarket
has included body electronics, power train, telematics, safety & control,
and others.
· In terms of vehicle type segment, the global automotive electronics sensor aftermarket has included light commercial vehicle, passenger car, and heavy commercial vehicle.
Regional Analysis:
Regionally, the global automotive electronics sensor aftermarket
has been studied for the regions of Asia-Pacific (APAC), Europe, North America,
and the rest of the World.
The Asia-Pacific market is highly expected to offer capable
expansion opportunities for the automotive electronics sensor aftermarket with
high automotive vehicle sale in India, China, New Zealand, Japan, Australia,
South Korea, and Indonesia.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive electronics sensor aftermarket Market Segmentation
- Automotive electronics sensor aftermarket Market Landscape
- Vendor Matrix
- Company Profiles
Continued………
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Information: https://www.marketresearchfuture.com/reports/automotive-electronics-sensor-aftermarket-market-7708
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