Global Automotive Sensors Market By Sensor Type (Temperature Sensors, Pressure Sensors, Position Sensors, Oxygen Sensors, Nox Sensors, Speed Sensors, Inertial Sensors, Image Sensors and Other Sensors), Vehicle Type (Passenger Car, Light Commercial Vehicles and Heavy Commercial Vehicles), Application (Powertrain, Chassis, Exhaust, Safety and Control, Body Electronics, Telematics and Others), Technology (Micro-Electro-Mechanical Systems and Nano-Electro-Mechanical Systems), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Automotive Sensors Market
Surging number of collaborations among vehicle original equipment manufacturers and sensor manufacturers, rise in the advancements in production technology and increasing application of automotive sensors for a wide range of applications such as powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others are the major factors attributable to the growth of automotive sensors market. Data Bridge Market Research analyses that the automotive sensors market will exhibit a CAGR of 9.12% for the forecast period of 2021-2028. This automotive sensors means that the market value would stand tall by USD 52.62 billion by 2028.
Automotive sensors are the sensors that are scan the surrounding environment and then detect, measure, and transmit the information as an electric or optical signal to the concerned component. The automotive sensors are capacble of sensing heat, light, motion, moisture, and pressure.
Increased focus on the technological advancements and rising demand for vehicle display technology will emerge as the major market growth driving factors. Growth in the demand for electrification in the automotive industry will further aggravate the market value. Rise in the demand and production of vehicles especially in the developing economies is other factor bolstering growth of the market. Growing popularity of hybrid and electric cars will further carve the way for the growth of the market.
However, pricing pressure among the key players will act as a growth restraint for the market. Lack of uniformity in the fabrication process and the fluctuations in the prices of raw materials will also create hindrances for the growth of the market. High costs associated with the development of raw material will further dampen the growth rate of the market.
This automotive sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on automotive sensors market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Sensors Market Scope and Market Size
The automotive sensors market is segmented on the basis of sensor type, vehicle type, application, and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The automotive sensors market on the basis of sensor type has been segmented as temperature sensors, pressure sensors, position sensors, oxygen sensors, nox sensors, speed sensors, inertial sensors, image sensors, and other sensors. Inertial sensors segment is sub-segmented into accelerometers and gyroscopes. Image sensors segment is sub-segmented into CMOS and CCD. Other sensors segment is sub-segmented into radar sensors, ultrasonic sensors, rain sensors, relative humidity sensors, proximity sensors, particulate matter sensors and lidar sensors.
- Based on vehicle type, the automotive sensors market has been segmented into passenger car, light commercial vehicles and heavy commercial vehicles.
- On the basis of application, automotive sensors market has been segmented into powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others.
- On the basis of technology, automotive sensors market has been segmented into micro-electro-mechanical systems and nano-electro-mechanical systems.
Global Automotive Sensors Market Country Level Analysis
The automotive sensors market is analysed and market size, volume information is provided by country, sensor type, vehicle type, application and technology as referenced above.
The countries covered in the automotive sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the automotive sensors market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus towards the adoption of advanced technologies. Asia-Pacific will however, score the highest CAGR for this period. This is because of the rising demand and production of vehicles especially in the emerging economies like India and China.
The country section of the automotive sensors market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Sensors Market Share Analysis
The automotive sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive sensors market.
The major players covered in the automotive sensors market report are NXP Semiconductors., STMicroelectronics, Infineon Technologies AG, TE Connectivity., Texas Instruments Incorporated., Sensata Technologies, Inc., Littelfuse Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Analog Devices, Inc., Sensata Technologies, Inc., DENSO CORPORATION, Autoliv Inc., Maxim Integrated, Hitachi Astemo Americas, Inc., GMS Instruments BV, Broadcom., Piher Sensors & Controls and Elmos Semiconductor SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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