Asia Pacific Automotive Sensors market is expected to reach US$ Asia Pacific 315.0 Bn by 2027 with CAGR of 6.9%.

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Automotive Sensors Market is expected to register a CAGR of over 7% during the forecast period (2020 – 2025).

The automakers are observing substantial demand for smart devices in their vehicles. This has led the automobile manufacturers to continuously focus on innovating, designing, and developing connected cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers’ demand and attraction toward connected cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years.

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China is anticipated to lead the Asia Pacific automotive sensors market across the Asia Pacific region through the forecast period. China is an important automobile market in the Asia Pacific. Further, the country occupies the lion’s share in the Asia Pacific automotive sensors market. This is attributable to increasing adoption of the safety features in vehicles and growth in infotainment applications, including navigation, among others. Further, ADAS systems have become popular in the country, and features including parking assist, adaptive cruise control, lane-departure warning, forward collision warning, and blind-spot detection are supplementing the growth of the market prominently. Among these, the parking assist feature is notably popular in the country owing to parking and space issues in the megacities of the country. The lower prices of systems have further helped in pushing the rate of adoption of advanced sensors and semiconductor products in China

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ASIA PACIFIC AUTOMOTIVE SENSORS MARKET – SEGMENTATION

Asia Pacific Automotive Sensors Market by Type

Flat Tube

Plate Fin

Asia Pacific Automotive Sensors Market by Aircraft Type

Fixed Wing Aircraft

Rotary Wing Aircraft

Asia Pacific Automotive Sensors Market by Application

Engine

Airframe

Asia Pacific Automotive Sensors Market by Country

France

Germany

UK

Russia

Rest of Asia Pacific

Asia Pacific Automotive Sensors Market Companies

BOYD Corporation

Collins Aerospace

Honeywell International Inc.

Jamco Corporation

LiebherrGroup

Meggit Plc

TAT Technologies Inc.

Triumph Group

Wall Colmonoy

Woodward Inc.

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