Analysis on Impact of COVID-19: Automotive Powertrain Sensors Market 2020-2024| Increased Adoption of Electronics in Modern Vehicles to boost Market Growth

The automotive powertrain sensors market and it is poised to grow at a CAGR of almost 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BorgWarner Inc., Continental AG, DENSO Corp., Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Holding Plc, Texas Instruments Inc., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increased adoption of electronics in modern vehicles has been instrumental in driving the growth of the market. However, increasing adoption of EVs might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Powertrain Sensors Market 2020-2024: Segmentation

Automotive Powertrain Sensors Market is segmented as below:

·         Type

o    Process Sensors

o    Position Sensors

o    Others

·         Geography

o    APAC

o    Europe

o    North America

o    South America

o    MEA

Automotive Powertrain Sensors Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive powertrain sensors market report covers the following areas:

·         Automotive Powertrain Sensors Market Size

·         Automotive Powertrain Sensors Market Trends

·         Automotive Powertrain Sensors Market Industry Analysis

This study identifies the advent of advanced MEMS packaging techniques as one of the prime reasons driving the automotive powertrain sensors market growth during the next few years

  

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