Automotive Sensors Market Growth Overview:
The global automotive sensors market size will touch USD 35 billion at a 7% CAGR between the forecast period 2020- 2027, according to the new Market Research Future (MRFR) analysis.
Various factors are fuelling the global automotive sensors market share. According to the recent MRFR market estimates, such factors include increased motor vehicle production worldwide, demand for automotive sensor technology, demand for vehicle electrification, strict government regulations associated with emissions, and a rise in consumer demand for comfort and safety in cars. Other market drivers include increasing use of pressure sensors, an increase in demand for automotive sensors in electric and hybrid cars, demand for customized electronic devices, and demand for autonomous cars.
Key Players
Key contenders profiled in the global automotive sensors market report include Vishay Intertechnology, Inc. (U.S.), TRW Automotive Inc. (U.S.), Sensata Technologies (U.S.), Panasonic Corporation (Japan), Micronas Semiconductor Inc. (Switzerland), Continental AG (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), GE Measurement & Control Solutions (U.S.), Denso Corporation (Japan), Delphi Automotive LLP (U.K), Bourns Inc. (U.S.), Bosch SensortechGmBH (Germany), Broadcom Limited (U.S.), and Analog Devices Inc. (U.S.).
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On the contrary, the high development cost of automotive sensors, and the impact of the COVID-19 outbreak may deter the global automotive sensors market growth over the forecast period.
Automotive sensors will help to detect, transmit, and measure information that helps to analyze the performance of cars. The sensor technology helps in detecting events or amends in the environment and then offers a corresponding output.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global automotive sensors market based on sensor type, technology, and vehicle type.
By sensor type, the global automotive sensors market is segmented into image sensors, inertial sensors, NOx sensors, O2 sensors, position sensors, speed sensors, temperature sensors, pressure sensors, and others. Of these, the position sensors will lead the market over the forecast period.
By technology, the global automotive sensors market is segmented into nano-electro-mechanical systems (NEMS), and micro-electro-mechanical systems (MEMS).
By vehicle type, the global automotive sensors market is segmented into electrical vehicles, heavy vehicle, high end, medium end, low end, and others.
Regional Analysis
By region, the global automotive sensors market growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region is predicted to spearhead the market over the forecast period. The increasing purchasing power of consumers, growing population, increasing per capita income of the middle-class people, cost advantages of OEMs, production of cost-effective and compact cars, presence of fast-developing economies like India and China, low automobile production costs, demand for autonomous vehicles, easy accessibility of economical labor, safety norms and lenient emission, government initiatives to support FDIs, increase in automobile production, and growing inclination of consumers towards luxury, safety, and comfort are adding to the global automotive sensors market growth in the region.
In North America, the automotive sensors market is predicted to have healthy growth over the forecast period. Infrastructure development, early adoption of advanced driving assistance features, and increasing sales of electric vehicles are adding to the global automotive sensors market growth in the region.
The automotive sensors market in Europe is predicted to have sound growth over the forecast period. Growing demand for safer and more efficient cars, safety and fuel efficiency norms, and safety regulations for commercial vehicles are adding to the global automotive sensors market growth in the region.
The automotive sensors market in the Rest of the World is predicted to have steady growth over the forecast period.
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Table of Content:
1 Report Scope
1.1 Report Coverage 27
1.2 Research Methodology 27
1.3 Research Methodology For Global Market Study 29
1.3.1 Geographical Analysis 29
1.3.2 Demand Side & Supply Side Analysis 30
1.3.3 Data Synthesis & Bridging 30
1.3.4 Automotive Market Estimation – A Snapshot 30
1.4 Report Description 33
2 Executive Summary
3 Market Dynamics
3.1 DRIVERS 39
3.1.1 Increasing Consumer Demand For Safety, Security, Comfort, And Efficiency 39
3.1.2 Stringent Government Regulations 40
3.1.3 Rising Demand For High And Medium End Vehicles 41
3.1.4 Expansion Of Global Auto-Manufacturers Into New Emerging Markets 41
3.1.5 Rising Sensor Content In An Automobile As Per Moore’s Law 42
3.2 CHALLENGES 43
3.2.1 Increasing Pricing Pressures 43
3.2.2 Underdeveloped Aftermarket Services 44
3.3 OPPORTUNITIES 45
3.3.1 Electromobility 45
3.3.2 Future Demand For Autonomous Cars And Connected Vehicles 46
3.3.3 Emerging Technologies Such As Combo Sensors: 47
4 INdustry Analysis
4.1 Porter’s Five Forces Analysis 48
4.1.1 Threat From New Entrants 49
4.1.2 Bargaining Power Of Buyers 50
4.1.3 Bargaining Power Of Suppliers 51
4.1.4 Threat From Substitutes 52
4.1.5 Intensity Of Competitive Rivalry 53
4.2 Automotive Consortium 54
4.2.1 Center For Automotive Research (Car) Industrial Consortium 54
4.2.2 Genivi Alliance 56
4.2.3 Japan Automobile Manufacturers Association (JAMA) 57
4.2.4 Open Automotive Alliance 57
4.2.5 Alliance Of Automobile Manufacturers 58
4.2.6 United States Council For Automotive Research (USCAR) 59
5 Automotive Market By Sensor Type
5.1 Introduction 61
5.1.1 Market Statistics 62
5.2 Pressure Sensor 66
5.2.1 Pressure Sensor Types—Chassis 67
5.2.2 Pressure Sensor Types—Power Train 68
5.2.3 Pressure Sensor Types—Body Systems 69
5.2.4 Key Trends 70
5.2.5 Key Challenges 71
5.2.6 Key Market Players 71
5.2.7 Market Statistics 71
5.3 Temperature Sensor 73
5.3.1 Temperature Sensor In Chassis 74
5.3.2 Temperature Sensor In Power Train 74
5.3.3 Temperature Sensor In Body System 76
5.3.4 Key Market Players 77
5.3.5 Market Statistics 77
5.4 Position Sensor 79
5.4.1 Position Sensor In Chassis 80
5.4.2 Position Sensor In Power Train 81
5.4.3 Position Sensor In Body System 82
5.4.4 Key Trends 83
5.4.5 Key Market Players 83
5.4.6 Market Statistics 84
5.5 Motion Sensor 86
5.5.1 Motion Sensor In Chassis 87
5.5.2 Motion Sensor In Power Train 87
5.5.3 Motion Sensor In Body System 88
5.5.4 Key Trends 89
5.5.5 Key Challenges 90
5.5.6 Key Market Players 91
5.5.7 Market Statistics 91
Continued………
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