Future Market Insights’ report, "Automotive Sensors Market: Global Industry Analysis, 2013 - 2017 and Opportunity Assessment, 2018 - 2028", sees the global automotive sensors market achieving a CAGR of 7.6% from 2018 to 2028. The market was over $17 Billion in 2017 and is projected to hit $39 Billion by the end of 2028. Decrease in prices, growing requirements, expanding product portfolios, and long-term supply relations with key automotive manufacturers are expected to be the key factors fueling increased revenue shares.
- Primary players in the market are Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Technologies PLC, HELLA GmbH & Co. KGaA, TE Connectivity, CTS Corporation, NXP Semiconductors N.V., Microchip Technology Inc., Infineon Technologies AG, and Panasonic Corporation.
- Rise in the average vehicle age to create a positive adoption framework for automotive sensors.
- Sales of automotive sensors is directly related to automotive production.
- Negative impact on aftermarket owing to low replacement rate to inhibit growth
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