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Hybrid and Electric Vehicle Sensors Market, In modern vehicles, numerous types of sensors fulfill many important tasks ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. Although rarely visible, they contribute significantly to the vehicle’s performance, quality, image and its customer appeal. The need for sensors is evolving and is progressively growing. Automotive safety represents a growing and the most stable market due to influences from national governments, consumers and the automakers themselves. Different technologies such as “hybrid and electric vehicle” show tremendous growth opportunities to the sensor market. The fastest growing application in the HEV & EV sensor market is safety and control which is nearly doubling its value in five years.
Growth in worldwide HEV & EV production, technology developments, customer taste, and government mandates are acting as a driver where as pricing issues, high expectations from automotive OEM, and no availability of aftermarket are acting as a restraints. HEV & EV sensors market research report covers the market road map with market sizes, revenue forecasts, value chain, market & product trends, price trends and regulations, competitive landscape, leading players and their key developments, strategy, and profile.