Automotive Auxiliary Motors and Sensors Market

Automotive Auxiliary Motors and Sensors Market by Product Types (Auxiliary Motors, Sensors) by Application (Passenger Car, Commercial Vehicle) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Auxiliary Motors and Sensors in terms of revenue?

    The global Automotive Auxiliary Motors and Sensors valued at 14.28 Billion in 2020 and is expected to reach 21.93 Billion in 2028 growing at a CAGR of 5.50%%

  • Which are the prominent players in the market?

    The prominent players in the market are Delphi Automotive PLC, General Electric Company, Borgwarner, Robert Bosch GmbH, Honeywell International Inc., Continental AG, Robert Bosch GmbH, Texas Instruments, TRW Automotive Holdings Corp., Denso Corporation, Freescale Semiconductor Inc., Infineon Technologies AG, Analog Devices..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.50%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Auxiliary Motors and Sensors include

    • The increasing demand for pressure sensors is expected to augment the growth of the market in the years to come. The modern automotive restraint systems use side airbag pressure sensors to ensure and satisfy passenger car safety requirements. The pressure sensor provides digital crash signals to the central airbag unit and is mounted within the car side doors. Furthermore, air pressure sensor is used to optimize engine efficiency by effectively controlling spark advance in case of gasoline and diesel engines. Hence, the increasing usage of pressure sensors in the automotive industry is anticipated to fuel the growth of the market.
    • The rising vehicle sale across the globe is anticipated to augment the growth of the automotive auxiliary motors and sensors market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the automotive auxiliary motors and sensors market in the forecast period.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Automotive Auxiliary Motors and Sensors in 2020.

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