October 16, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Passenger Car Sensors Market Insights, Forecast to 2025’, the worldwide passenger car sensors market is expected to accumulate significant growth by the year 2025.
Sensors are being used in vehicles since 19650s and have undergone a range of developments with the growing requirements of the automobile owners. The growing safety concern globally among the people, along with stricter rules & regulations about vehicle safety are major drivers for passenger car sensors market.
Passenger car sensors are used to monitor and regulate pressure, temperature, lights, currents, and vacuum in powertrains and other such transport mediums. The widespread use of product to ensure safe and efficient operation of power locomotives will boost the growth of passenger car sensors market. However, high cost of these sensors and electrification of powertrain are some factors that will hinder the market growth to some extent.
The report details the production and consumption graphs, coupled with segmental growth over the forecast timeframe. It also provides a comprehensive insight about the trends, drivers, challenges, and opportunities impacting the market growth.
Based on application spectrum, passenger car sensors market is fragmented as body control sensors, interior/comfort system sensors, powertrain/drivetrain system sensors, safety/das sensors, and exhaust system sensors. While considering type, the market is segmented as O2 & Nox sensor, pressure sensor, speed sensor, temperature sensor, and position sensors.
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Speaking of regional outlook, the passenger car sensors industry is bifurcated into five major regions; Russia, Germany, France, Italy, UK, and rest of Europe fall under Europe; Middle East & Africa is split into Turkey, GCC Countries, South Africa, Egypt, and rest of Middle East & Africa; North America comprise of Mexico, United States, and Canada; Asia Pacific consists of Vietnam, China, Malaysia, Japan, India, Thailand, Australia, Indonesia, Philippines, and South Korea; and Brazil and rest of South America come under Central & South America.
The prominent companies operating in passenger car sensors market include TRW Automotive, Robert Bosch, Infineon Technologies, Continental AG, Elmos Semiconductor, Denso Global, CTS Corporation, Delphi Technologies, Analog Devices, and Allegro Microsystems.