According to Technavio Research, Global Automotive Level Sensor Market – Industry Trends and Forecast to 2024
The automotive level sensor market is expected to grow by USD 1.49 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive level sensor market in optimistic, probable, and pessimistic forecast scenarios.
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The automotive level sensor market will witness a Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Automotive Level Sensor Market Participants:
Aptiv Plc
Aptiv Plc operates its business under Signal and power solutions and advanced safety and user experience segments. Aptiv offers the two types of automotive level sensors under its product portfolio, namely, fuel level sensors and old condition and level sensors.
Continental AG
Continental AG operates its business under various segments such as chassis & safety, powertrain, interior, tires, and ContiTech. The company offers the automotive level sensors under four categories namely fluid sensor – oil Level passive electrothermic, fluid sensor – ultrasonic oil level, reed switch fuel level sensor, and fuel level sensor.
DENSO Corp.
DENSO Corp. operates its business under five segments, which include powertrain systems, thermal systems, electrification systems, electronic systems, and others. The company offers automotive fuel sensor through this category named as manifold absolute pressure sensor which measures the pressure of the intake manifold (the passage of the intake air). This information allows the Engine ECU to control the amount of fuel injection more precisely.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/automotive-level-sensor-market-industry-analysis
Automotive Level Sensor Market 2020-2024: Segmentation
Automotive level sensor market is segmented as below:
- Product
- Fuel Level Sensor
- Engine Oil Level Sensor
- Coolant Level Sensor
- Brake Fluid Level Sensor
- Power Steering Fluid Level Sensor
- Geography
- APAC
- North America
- Europe
- South America
- MEA
The automotive level sensor market is driven by increasing sales of passenger and commercial vehicles. In addition, other factors such as growing popularity of NEMS and MEMS technologies is expected to trigger the automotive level sensor market toward witnessing a CAGR of over 4% during the forecast period.
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
SOURCE Technavio Research
