Vancouver, BC -- (SBWIRE) -- 01/29/2021 -- Automotive sensors detect, calculate, and relay information to assist with vehicle performance analysis. Sensors are instruments that detect events or environmental changes and provide a corresponding output afterwards. They sense physical inputs such as light, heat, motion, moisture, pressure, or any other object, and react by producing a display output or transmitting the information for further processing in electronic form. The size of the global commercial vehicle sensors market was estimated at USD 5.80 billion in 2019 and is forecast to hit USD 9.55 billion at a CAGR of 6.9% by 2027, according to Emergen Research.

Key participants include Continental AG, DENSO Corporation, Sensata Technologies, Robert Bosch GmbH, Hella KGaA Hueck & Co., TE Connectivity Ltd., Delphi Automotive Systems LLC, Bourns, Inc., Stoneridge, Inc., and IAV GmbH, among other.

Market Drivers

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Due to increasing global vehicle demand, the market for commercial vehicle sensors is expected to expand exponentially. The increasing customer preference for vehicle comfort and protection over the expected timeframe is projected to further increase market growth. In addition, the increasing demand for electric vehicles is expected to soon propel the market for sensors for commercial vehicles.

Regional Analysis

Due to the increasing per capita income and increasing vehicle production in developing nations such as China, Japan, South Korea, and India, the Asia Pacific region is expected to dominate the global demand for commercial vehicle sensors during the forecast timeline.

Type Outlook (Revenue, USD Billion; 2017-2027)
Temperature
Motion
Level
Position
Image

Microelectromechanical systems
Pressure
Others

Sales Channel Outlook (Revenue, USD Billion; 2017-2027)
OEMs
Aftermarket

Application Outlook (Revenue, USD Billion; 2017-2027)
Powertrain
Telematics
Chassis & Safety
Body Electronics
Others

Because of the presence of many market leaders in this area, such as Robert Bosch GmbH, IAV GmbH, and Continental AG, Europe is expected to experience stable market growth. The increasing government concern for low-emission vehicles is expected to boost the market over the projected timeframe.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Commercial Vehicle Sensors Market Segmentation & Impact Analysis

    4.1. Commercial Vehicle Sensors Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. The rising global vehicle production

                    4.2.2.2. Growing demand for electrical vehicles

                    4.2.2.3. The rising consumer preference for vehicle comfort and safety

                    4.2.2.4. The increasing introduction of stringent regulatory pollution standards

          4.2.3. Market restraints analysis

                    4.2.3.1. Lower diesel vehicle preference

                    4.2.3.2. Risks of safety in autonomous vehicles

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Commercial Vehicle Sensors Market By Type Insights & Trends, Revenue (USD Billion)

    5.1. Type Dynamics & Market Share, 2019 & 2027

          5.1.1. Temperature

          5.1.2. Motion

          5.1.3. Level

          5.1.4. Position

          5.1.5. Image

          5.1.6. Microelectromechanical systems

          5.1.7. Pressure

          5.1.8. Others

Chapter 6. Commercial Vehicle Sensors Market By Sales Channel Insights & Trends Revenue (USD Billion)

    6.1. Sales Channel Dynamics & Market Share, 2019 & 2027

          6.1.1. OEMs

          6.1.2. Aftermarket

Chapter 7. Commercial Vehicle Sensors Market By Application Insights & Trends Revenue (USD Billion)

    7.1. Application Dynamics & Market Share, 2019 & 2027

          7.1.1. Powertrain

          7.1.2. Telematics

          7.1.3. Chassis & Safety

          7.1.4. Body Electronics

          7.1.5. Others

Continue...!

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