Automotive Sensors Market Driving Away With $39 Billion

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Future Market Insights’ report, titled “Automotive Sensors Market: Global Industry Analysis, 2013 – 2017 and Opportunity Assessment, 2018 – 2028”, indicates the global automotive sensors market is expected to witness a CAGR of 7.6% from 2018 to 2028. The market was valued at over $17 billion in 2017 and is projected to snag $39 billion by the end of 2028.

 

Report Highlights

Sponsored by Infosys

In Conversation with Antonio Neri, President & CEO – Hewlett Packard Enterprise & Salil Parekh, CEO – Infosys

Hear the CEOs of Infosys & HPE discuss the current crisis and how it has accelerated the need for digital transformation for their clients. Connectivity at the Edge, right mix of hybrid cloud, ability to extract data faster than ever before… these are just some of the contributions that HPE and Infosys make to our clients’ digital transformation journey.
  • With the growing focus of automakers on integration of automotive with advanced sensors, the demand for automotive sensors will continue to increase.
  • Aggressive marketing in prominent countries in Latin America and the Middle East & Africa region is expected to further benefit major players in the market.
  • Companies operating 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 and vehicle parc.
  • Negative impact on aftermarket owing to low replacement rate to inhibit growth.

 

Future Market Insights

https://www.futuremarketinsights.com

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