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Follow on Google News | Global Automotive Sensor Market Demand, Supply and Opportunities: Report by BIS ResearchThe global automotive sensor market is expected to grow over $13 billion by 2022 at an estimated CAGR of 9.20%.
By: Bisresearch Since 2014, the automotive market has been able to attain the pre-crisis annual growth rate, despite the turbulence caused by the global economic slowdown of 2008. With regard to a detailed global automotive sensor market demand analysis, the analysts of BIS Research said, “Our team of highly qualified research professionals have investigated the global automotive sensor market demand, supply and opportunities and have segregated the report on the basis of market dynamics, market breakdown by vehicle and sensor types, and geography. The market value and volume for different sensor types have been calculated on the basis of these vehicle types.” The report describes the major sensors being used across different vehicle segments and presents a thorough analysis on market size, share and growth. It meticulously compiles the different aspects of automotive sensor market and is limited to passenger cars and heavy vehicles but, specifically emphasizes on the conventional fuel cars and electric cars. The report also includes porter’s five forces analysis and key consortiums to give a clearer view of the market demand. As the global population is becoming more concerned for safety and comfort, the global automotive sensor market is flourishing at a rapid growth rate. Governmental agencies are also implementing laws and encouraging heavy investments in major research and development to boost up the market. Subsequently, theglobal passenger cars sensor market is dominated by medium end vehicles from companies such as Nissan, Hyundai, and Honda among others. The report inculcates the key market players leading in the global automotive sensor market. Bosch, Avago, Analog, Infineon, and Sensata, among others are few of the leading players. Moreover, the report has a separate segment for the key market developments and strategies to update about the recent activities of the companies involved. About BIS Research(http://bisresearch.com): BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the decision making for senior management. It provides multi-client reports, company profiles, databases and custom research services. BIS Research provides valuable market intelligence to an exclusive group of customers in response to orders. Market reports are based on expectations, calculations and projections as of the date such information is available. The market conclusions drawn are significantly based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies. End
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