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
Asia Pacific Automotive Sensors Market by Aircraft Type
Fixed Wing Aircraft
Rotary Wing Aircraft
Asia Pacific Automotive Sensors Market by Application
Asia Pacific Automotive Sensors Market by Country
Rest of Asia Pacific
Asia Pacific Automotive Sensors Market Companies
Honeywell International Inc.
TAT Technologies Inc.
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