What is the market size of the powertrain sensor market?


The global Powertrain Sensor Market is projected to grow at a CAGR of 2.8% to reach USD 24.7 billion by 2027, from an estimated USD 19.8 billion in 2019. Increasing adoption of powertrain sensors required for better fuel economy and decrease in carbon emissions are the primary enablers for the growth of the powertrain sensor market. However, decreasing price of powertrain sensors would restrain the growth of the powertrain sensor market during the forecast period.

Key Market Players

The major powertrain sensor market players include Bosch (Germany), Continental (Germany), Denso Corporation (Japan), Hella (Germany) Texas Instruments (US), and Aptiv (UK), among others. These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

Critical Questions:

  • How Tier I and Tier II are tuning powertrains to make the best fit for customized vehicles?
  • How will the implementation of safety mandates and emission norms impact the overall market?
  • What are powertrain sensor manufacturers doing to meet the requirements of smart powertrains?
  • What could be the possible developments in electric vehicle powertrains? How could powertrain sensors be used in electric vehicles?
Frequently Asked Questions (FAQ):
• What is the market size of the powertrain sensor market?
• Who are the top players in the powertrain sensor market? What are their organic & inorganic strategies?
• What are the main sensor that are used in the electric vehicle powertrain?
• What powertrain system comprises of maximum type of sensors?
• Which region is dominating the powertrain sensor market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Comments

  1. Phani KumarJune 9, 2020 at 4:27 PM

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    ReplyDelete

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