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Global Automotive Sensors Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 8% - ResearchAndMarkets.com

[May 23, 2018]

Global Automotive Sensors Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 8% - ResearchAndMarkets.com

The "Global Automotive Sensors Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global automotive sensors market is expected to register a CAGR of around 8% during the forecast period of 2018-2023.

According to the World Health Organization, more than 1.25 million people are killed in road accidents every year and about 50 million people get injured. For instance, major automakers have agreed to install automatic emergency braking systems in nearly all vehicles in the United States, by September 2022. Similarly, the EU Commission is considering introducing automatic braking system and making it mandatory for cars.

Automated and connected vehicle technologies are among the most highly researched automotive technologies. Connected car devices essentially assist in monitoring vehicles and drivers. The devices also keep private automobile owners, as well a fleet managers updated about their vehicle's performance on the fuel economy index, emissions, on-board diagnostics (OBD), vehicle maintenance, and recalls. Some devices also provide GPS tracking and real-time alerts. Connected vehicles could dramatically reduce the number of fatalities and serious injuries caused by accidents on roads and highways.

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