Automotive Auxiliary Motors and Sensors Market
Automotive Auxiliary Motors and Sensors Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
VMR-2021-0568
Segments Covered
By
Product Types Auxiliary Motors, Sensors
-
By
Application Passenger Car, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
14.28 Billion |
 Revenue 2028:
|
21.93 Billion |
 Revenue CAGR
(2021 - 2028): |
5.50% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Auxiliary Motors and Sensors Market - Global Market Assessment, 2021 - 2028
Automotive Auxiliary Motors and Sensors Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Auxiliary Motors and Sensors market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Auxiliary Motors and Sensors market.
FAQ
Frequently Asked Question
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.
