Global Automotive Engine Sensors Market 2020-2024 | Increasing Demand for Vehicle and Environmental Safety to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Mar 9, 2020--
The global automotive engine sensors market is expected to grow by USD 8.22 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200309005075/en/
Technavio has announced its latest market research report titled Global Automotive Engine Sensors Market 2020-2024 (Graphic: Business Wire)
The growing demand for fuel-efficiency, safety, and reduced emissions has increased the number of sensors in vehicles. For instance, pressure sensors, position sensors, and temperature sensors used in the engine help in improving the overall efficiency of the vehicle, thereby providing a better driving and travel experience. In addition, the rising disposable income in developing countries across APAC has increased the consumer demand for high-end and luxury cars that are equipped with better safety and performance features. Also, several regulations across the world are compelling automobile manufacturers to integrate safety systems even in the mid-end and low-end car segments. These factors are expected to drive the demand for automotive engine sensors during the forecast period.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41286
As per Technavio, the increasing demand for ceramic capacitive pressure sensors will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Automotive Engine Sensors Market: Increasing Demand for Ceramic Capacitive Pressure Sensors
Many automotive OEMs are increasing the preference for ceramic capacitive pressure sensors owing to the high sensitivity and low power consumption of ceramic transducers. These sensors are stable at varying temperatures, and are vacuum resistant. Moreover, they offer high overload resistance which is crucial for automobile applications. Moreover, ceramic transducer technology requires simple packaging, which reduces the overall cost of manufacturing. Therefore, the increasing demand for ceramic capacitive pressure sensors is expected to boost the growth of the global automotive engine sensors market during the forecast period.
“Increasing demand for pressure sensors and advances in MEMS packaging techniques will further boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Automotive Engine Sensors Market: Segmentation Analysis
This market research report segments the global automotive engine sensors market by product (process sensors and position sensors ) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the automotive engine sensors market in 2019, followed by North America, Europe, South America, and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to the high demand and sale of automobiles. Moreover, growing advancements in the regional automotive powertrain market are expected to boost market growth.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Some of the key topics covered in the report include:
- Process sensors
- Position sensors
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200309005075/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 03/09/2020 07:00 AM/DISC: 03/09/2020 07:01 AM