Market Research Report
Global Markets for Automotive Sensor Technologies
|Published by||BCC Research||Product code||235990|
|Published||Content info||335 Pages
Delivery time: 1-2 business days
|Global Markets for Automotive Sensor Technologies|
|Published: January 11, 2019||Content info: 335 Pages||
The global market for automobile sensors should grow from $35.4 billion in 2018 to $66.2 billion by 2023 at a compound annual growth rate (CAGR) of 13.4% from 2018 to 2023.
The market for image and vision, radar and LIDAR, IoT and other types of sensors should grow from $10.1 billion in 2018 to $24.5 billion by 2023 at a CAGR of 19.4% from 2018 to 2023.
The market for rotational motion, angular position and gas sensors should grow from $14.6 billion in 2018 to $24.4 billion by 2023 at a CAGR of 10.7% from 2018 to 2023.
Systems controlled by sensors have become integral in today's automobiles, and this has made most electro-mechanical devices better refined and more efficient with their application. The development and deployment of numerous sensing technologies support and enable the introduction of advanced electronic systems, although there are challenges regarding robustness, reliability, quality and cost. New sensors are emerging to improve system functionality and to enable future advanced systems, but existing sensors will also continue to find new applications, building upon their past records of performance. This report will study the areas in the production of an automobile that have advanced with the use of sensors and the markets for these sensors in various applications and regions.
For this report, automobiles are considered to include all passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), buses and specialized vehicles (e.g., racing cars, semi-automatic vehicles, autonomous vehicles).