Automotive Sensors Global Market Analysis 2015 and Forecasts to 2021 Automotive Sensors Market - Global Industry Analys

Automotive Sensors Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2021
This market research study analyzes the automotive sensors market on a global level, and provides
estimates in terms of revenue (USD billion) from 2015 to 2021. It recognizes the drivers and restraints
affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the
significant opportunities for market growth in the next few years. In recent years, there has been
increasing demand for vehicle driver safety and emission control in various countries which have
shifted the focus of automotive OEMs with driver assistance systems and exhaust gas recirculation
systems.
Automotive sensors find application in various automobile components such as powertrain control
system, climate control, Anti-lock Braking System (ABS) & Electronic Stability Programme (ESP)
system, airbag restraint system, power steering system, engine management system, camshaft
position sensor, crankshaft position sensor and body dynamics control system. These provide
occupants of vehicles with better comfort, driver safety and security among other related benefits.
This 72 page report gives readers a comprehensive overview of the Automotive Sensors market Browse
through 38 data tables and 12 figures to unlock the hidden opportunities in this market.
http://www.transparencymarketresearch.com/automotive-sensor-market.html
The major opportunities of automotive sensors include steer-by-wire and automated highway driving.
These systems are in the conceptual stage and major players such as Robert Bosch GmbH and Tesla
Motors, Inc are already testing automated highway driving which would help people drive more safely
and conveniently in the future.
The increasing demand for automobiles due to the increase in disposable income in Asia Pacific is
one of the major factors fueling the demand for automotive sensors. In addition, increasing government
safety regulations and emission control is also boosting the automotive sensors market. Body control
system, power steering system, climate control and ABS are some of the basic features provided by
manufacturers as a standard option in vehicles at present. Moreover, hybrid and fuel cell vehicles have
an exponential use of sensors for hydrogen leak detection, current monitoring, motor speed and
position among others.
Asia Pacific is one of the most attractive regions for the market of automotive sensors market. Demand
for luxury vehicles with advanced safety and comfort features are the major factors fueling demand
for automotive sensors. However, Europe is the largest market for automotive sensors. The increasing
number of government regulations to monitor driver safety and emission in automobiles is boosting
growth of this market in Europe.
This report is segmented by type, components, and geography, and also includes the drivers,
restraints, and opportunities (DROs) of the automotive sensors market. The study highlights current
market trends and provides the forecast from 2015 to 2021. The study also covers the current market
scenario for automotive sensors market and highlights future trends that would influence demand. By