Automotive Sensors Cruising At A 7.6% CAGR

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.

 

Report Highlights

Sponsored by Anritsu Company

New VNA technologies enable mmWave broadband testing to 220 GHz, helping researchers and engineers to overcome test challenges and simplify mmWave testing.

Application development in the mmWave frequencies is growing. Broadband testing over hundreds of GHz of bandwidth is subject to repeatability/accuracy deficits, and engineers demand solutions to help overcome challenges and simplify mmWave testing.
  • 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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