In a recent published report, Kenneth Research has updated the market report for Automotive Sensors Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Sensors Market products.
Passenger Vehicles and Powertrain are the segments that have been witnessing growth at a noteworthy rate over the past few years owing to enhanced demand for fuel efficient, low emission vehicles by growing number of families globally backed with growing urbanization and increasing consumer personal disposable income is supplementing the market growth. Amongst the regions, Asia Pacific accounts for the largest regional share in the Global Automotive Sensors Market in 2019. Key factors driving the robust growth rate in Asia Pacific region include growing focus of Automobile manufacturers on expanding their product portfolio and manufacturing of vehicles that emit less pollution so as to comply with the government standards clubbed with expedition of infrastructure projects by government in the region will be infusing a decent market growth in the Global Automotive Sensors Market during the period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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The report titled “Global Automotive Sensors Market – Analysis By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Application (Powertrain, Body & Convenience, Chassis & Safety, Body Electronics/Infotainment, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea)” has covered and analyzed the potential of Global Automotive Sensors Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Automotive Sensors Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Automotive Sensors Market (Actual Period: 2014-2018, Forecast Period: 2019-2024
• Automotive Sensors Market – Size, Growth, Forecast
• By Vehicle Type – Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
• By Application – Powertrain, Body & Convenience, Chassis & Safety, Body Electronics/Infotainment, Others
Regional Markets – North America, Europe, APAC and Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Automotive Sensors Market – Size, Growth, Forecast
• By Vehicle Type – Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
• By Application – Powertrain, Body & Convenience, Chassis & Safety, Body Electronics/Infotainment, Others
Country Analysis – US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Automotive Sensors Market – Size and Growth
• By Vehicle Type – Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)
• By Application – Powertrain, Body & Convenience, Chassis & Safety, Body Electronics/Infotainment, Others
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• SWOT Analysis
• Competitive Landscape
• Company Analysis – Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Analog Devices, Inc. (US), Sensata Technologies, Inc. (US), Delphi Automotive PLC (UK), Infineon Technologies AG (Germany), and STMicroelectronics (Switzerland), Autoliv Inc., NXP semiconductors (US).
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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