Industry Insight
The study on the global automotive electronics sensor aftermarket 2020 by Market Research Future has been conducted with current proceeding within the automotive industry. The report also refers to the influence of the novel COVID-19 pandemic on the market. The study offers an apparent assessment of the projected market fluctuations during the forecast period (2017-2025) at a towering pace of 4.15% while anticipating a valuation surpassing USD 9,600 million by 20the previous by 2025.
Get free sample report @ https://www.marketresearchfuture.com/sample_request/7708
Trending Factors & Drivers
Electronics sensor aftermarket market to experience a remarkable growth as automotive manufacturers are 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.
Furthermore, a consistent rise in sales figure of vehicles that has sensors to measure tire pressure, and intelligent monitoring system and that can improve engine control, vehicle safety and fuel efficiency can reinforce the expansion of the automotive electronics sensor aftermarket growth in the future mainly post lockdown period.
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.
Leading Segments
The automotive electronics sensor aftermarket market study is conducted on various segments such as on type, vehicle type, and application.
In terms of vehicle type segment, the global automotive electronics sensor aftermarket has included light commercial vehicle, passenger car, and heavy commercial vehicle. The passenger car segment might secure maximum market share in support of surge in the use of sensors in diverse applications in passenger cars.
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. Among these, oxygen sensor segment is expected to lead the market, owing to the upward demand for improved fuel efficiency and strong exhaust emissions in the vehicle.
In terms of application segment, the global automotive electronics sensor aftermarket has included body electronics, power train, telematics, safety & control, and others. Among these, the power train segment might grab the maximum market share owing to the functionality of various power train ECUs and enhance the control with predictions based on the real-time execution of complex mathematical models.
Targeted Regions
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.
China is one of the countries for significant vehicle’s sales. As per data from the China Association of Automobile Manufacturers, one of the leading producers for electric vehicle and consumers in the world, with new-energy type vehicle and its sale acquired 770,000 units in 2017. Moreover, the government and related organizations are steadily investing in encouraging electrification in vehicles. Furthermore, China has recorded with 300 million registered vehicles on the road until the year 2017. This has created expectancy of offering promising opportunities for the automotive electronics sensor aftermarket during the assessment period.
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. These regions grabbed 42.58 million units in 2017. The automotive electric sensors are used in different systems of the electric vehicle, such as body electronics, power train & chassis, security and vehicle safety. Thus, the development of electric vehicles is probable to motivate the automotive electronics sensors market in this region.
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)
Table of content
1 Executive Summary
1.1 Market Attractive Analysis 19
1.2 Global Automotive Electronics Sensor Aftermarket, By Type 20
1.3 Global Automotive Electronics Sensor Aftermarket, By Application 21
1.4 Global Automotive Electronics Sensor Aftermarket, By Vehicle Type 22
2 Market Introduction
2.1 Definition 23
2.2 Scope Of The Study 23
2.3 List Of Assumptions 24
2.4 Market Structure 24
3 Research Methodology
3.1 Research Process 25
3.2 Primary Research 26
3.3 Secondary Research 27
3.4 Market Size Estimation 28
3.5 Forecast Model 28
Continued………
Ask for your specific company profile and country level customization on reports.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automotive-electronics-sensor-aftermarket-market-7708
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Also Read More From MRFR:
