The Global Commercial Vehicle Sensors Market is forecasted to be worth USD 9.55 Billion by 2027, according to a current analysis by Emergen Research.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Commercial Vehicle Sensors market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Commercial Vehicle Sensors market.
The demand for commercial vehicle sensors will grow substantially with the use of alternative fuel vehicles. However, the lower consumer demand for diesel cars is expected to hinder the market growth. Emissions and tax policy concerns have contributed to a major reduction in diesel car revenues leading directly to a fall in worldwide new vehicle permits.
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" Commercial Vehicle Sensors Market 2022 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Emergen Research “
Key Highlights From The Report
- In May 2019, Alpha Technics, Inc. acquired by TE Connectivity Ltd. Alpha Technics' acquisition was part of its well-established plan to extend its expertise in sensor applications. Alpha Technics will provide TE's existing wide range of sensor solutions with compatible temperature sensors.
- In the forecast period, the position segment will dominate the market with a CAGR of 7.2%, due to the capability to monitor a gear's speed, assess the situation of a platform, and detect the closed and open placing of the vehicle window.
- In the forecast timeframe, the OEMs sector is anticipated to hold the largest market. Customers receive high-quality goods in OEM processing as they have been tested according to the particular producer's stringent testing criteria.
- During the forecast timeframe, the powertrain segment is forecasted to dominate the market. Speed, pressure, position, gas, and temperature can be sensed by powertrains. These sensors are crucial to secure and efficient powertrain operations.
- Due to the rise in per capita income and the increasing production of vehicles in developing countries such as China, Japan, South Korea, and India, the Asia Pacific region is forecasted to hold the largest market during the forecast period.
- 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.
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Emergen Research has segmented the global Commercial Vehicle Sensors Market on the basis of type, sales channel, application, and region:
- 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
Regional Overview:
The global Commercial Vehicle Sensors Market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Commercial Vehicle Sensors Market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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