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Automotive Sensors Market to Reach $37 Billion by 2022, Globally

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Automotive Catalytic Converter Market to Reach $183.4 Billion by 2022

Automotive Catalytic Converter Market to Reach $183.4 Billion by 2022

– (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )A catalytic converter is a device used in exhaust system of vehicles which primarily functions to remove all the gasses, including carbon monoxide, nitrogen oxide, and hydrocarbon, which are harmful for environment from the overall exhaust system of the vehicles.The vehicle manufacturers primarily focus on elimination of harmful emissions as well as improve the efficiency of vehicles.The increased demand for the catalytic converter is driven by stringent emission standards worldwide to protect the environment and prevent the hazardous effects of global warming.

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Automotive Sensors Market to Reach $37 Billion by 2022, Globally

Automotive Sensors Market to Reach $37 Billion by 2022, Globally

– (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )Summary of the Automotive Sensor Market Report: https://www.alliedmarketresearch.com/automotive-sensor-marketIncreasing demand of different types of sensors, especially in autonomous cars, is expected to drive the automotive sensors market during the forecast period.Furthermore, advanced technologies such as advanced driver assistance systems (ADAS), lane departure warning (LDW) systems are likely to provide huge impetus to the market growth.Government authorities across the globe have imposed several regulations to avoid road accidents in a bid to improve the safety and security of the passengers, which would further supplement the growth of automotive sensor market.

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Automotive Drive Shafts Market to Hit US$8.9 Billion by 2024: Global Industry Analysis, Trend, Size, Share and Forecast 2016 – 2024

Automotive Drive Shafts Market to Hit US$8.9 Billion by 2024: Global Industry Analysis, Trend, Size, Share and Forecast 2016 - 2024

– ALBANY, New York, Jan 17, 2017 (PR Newswire Europe via COMTEX) — ALBANY, New York, January 17, 2017 /PRNewswire/ –According to the research report by Transparency Market Research, the global automotive drive shafts market [http://www.transparencymarketresearch.com/automotive-drive-shafts-market.html ] was valued at US$5.3 bn in 2015 and is likely to be worth US$8.9 bn by the end of 2024.During the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of 6.1% avionics systems market is expected to reach US$25.34 bn.Heavy Commercial Vehicles to be Prime Consumers of Automotive Drive ShaftsOn the basis of vehicles, the market is divided into passenger cars, heavy commercial vehicles, and light commercial vehicles.

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