According to Data Bridge Market Research new Market report, global automotive light-vehicle sensors market will account to growth at a stable CAGR during the forecast period of 2019 to 2026.
Automotive light-vehicle sensors are the various equipments/devices that are used to increase the vehicle efficiency and effectiveness through monitoring of vehicle performance and changing/modifying the vehicle components so that optimal levels of performance can be achieved. These devices help in increasing the fuel efficiency, and increasing the life of associated vehicle components.
Global automotive light-vehicle sensors market is segmented on the basis of sensor type, application, output, integration and geography.
By Sensor Type (Oxygen Sensors, Pressure Sensors, Temperature Sensors, Image Sensors, Speed Sensors), Application (Advanced Driver Assistance System, Body Applications, Interior Applications, Powertrain & Emission Control Applications, Safety & Body Control), Output (Analog, Digital), Integration (Discrete, Combinations) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN AUTOMOTIVE LIGHT-VEHICLE SENSORS MARKET
Increasing prevalence of Carbon Dioxide
According to Our World in Data, there has been a continuous and significant rise in the atmospheric concentration of CO2 worldwide. This has resulted in increased concerns for environment and atmospheric concentrations of various different compounds. This concern for emissions in the atmosphere has resulted in adoption of various emission controlling measures and devices. This factor is expected to significantly drive the need for automotive light-vehicle sensors.
Few of the major competitors currently working in the automotive light-vehicle sensors market are Continental AG, Delphi, LMOS Semiconductor AG, DENSO CORPORATION, Infineon Technologies AG, Robert Bosch GmbH, Sensata Technologies, Inc, Autoliv Inc., Stmicroelectronics, NXP Semiconductors, Allegro Microsystems, LLC., BorgWarner Inc, Flexpoint, Melexis, Schrader International, NGK Spark Plug Co., Ltd.
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Global Automotive Light-Vehicle Sensors Market – Industry Trends and Forecast to 2026