Global Automotive Electronics Sensor Aftermarket – Industry Trends and Forecast to 2029

Global Automotive Electronics Sensor Aftermarket, By Sensor Type (Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, Image Sensors, Others), Vehicle Type (Passenger Car, LCV, HCV), Application (Powertrain Systems, Chassis, Exhaust Systems, Safety and Control Systems, Vehicle Body Electronics, Telematics Systems, Others) - Industry Trends and Forecast to 2029

Market Analysis and Size

Automotive electronics sensors are widely being utilized in numerous including two wheelers and heavy duty lorries, among others. These are highly deployed in automotive applications such as dashboard, rain sensors, seat, climate, tailgate close, trailer management, wipers, lighting, sunroof, and parking, among others.

Global Automotive Electronics Sensor Aftermarket was valued at USD 6,761.60 million in 2021 and is expected to reach USD 12,475.79 million by 2029, registering a CAGR of 6.77% during the forecast period of 2022-2029. Powertrain Systems accounts for the largest application segments in the respective market owing to the functionality of various powertrain ECUs. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Automotive electronics sensors refers to the type of sensors that are utilized for detecting, measuring or recording physical phenomena. They respond by transmitting information and effecting system control or initiating changes. These are considered integrated part of vehicle system, and are specifically designed for detecting, analyzing, transmitting and displaying vehicle performance information.

Report Scope and Market Segmentation

Automotive Electronics Sensor Aftermarket Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Vehicle Production

The thriving automotive industry across the globe is the key factor driving the growth of the automotive electronics sensor aftermarket. In recent years, there has been an increase in the demand for passenger vehicles which is contributing to the market growth.

• Popularity of Vehicle Automation

The increase in the popularity of vehicle automation along with the rise in demand of concept cars accelerate the market growth. The surge in demand for vehicles with advanced features and systems owing to the increase disposable income has a positive impact on the market.

• Research and Development

The increase in the research and development (R&D) attention of automotive industries to develop advanced automotive sensors such as wireless sensors, radar sensors and MEMS (Micro-Electro-Mechanical Systems) sensors further influence the market.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the automotive electronics sensor aftermarket.

Opportunities

Furthermore, partnerships and joint ventures between automobile manufacturers and lidar technology providers extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in focus on electrification in automotive industry escalate the growth of automotive electronics sensor aftermarket.

Restraints/Challenges faced by the Automotive Electronics Sensor Aftermarket

On the other hand, underdeveloped aftermarket for automotive sensors in emerging economies is expected to obstruct market growth. Also, safety and security threats in autonomous vehicles are are projected to challenge the automotive coolant aftermarket market in the forecast period of 2022-2029.

This automotive electronics sensor aftermarket report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the automotive electronics sensor aftermarket contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Automotive Electronics Sensor Aftermarket

The COVID-19 had a negative impact on the automotive electronics sensor aftermarket owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for automotive electronics sensor aftermarket. The supply chain got hampered during the pandemic along with delay logistics activities. However, the automotive electronics sensor aftermarket is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

• Robert Bosch GmbH developed an advanced and innovative driver-assistance system in Novermber’2021 for city rail transportation. The system warns the tram driver by means of a signal. If the driver does not intervene, then the system automatically brakes the tram until it comes to a complete stop.
• Infineon Technologies AG launched XENSIV TLE4972, an automotive current sensor in October’2021. The coreless current sensor makes the use of Infineon’s well-proven Hall technology for stable and precise measurements.

Global Automotive Electronics Sensor Aftermarket Scope

The automotive electronics sensor aftermarket is segmented on the basis of sensor type, vehicle type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Sensor Type

• Temperature Sensors
• Pressure Sensors
• Oxygen Sensors
• NOx Sensors
• Position Sensors
• Speed Sensors
• Inertial Sensors
• Image Sensors
• Others

Vehicle Type

• Passenger Car
• LCV
• HCV

Application

• Powertrain Systems
• Chassis
• Exhaust Systems
• Safety and Control Systems
• Vehicle Body Electronics
• Telematics Systems
• Others

Automotive Electronics Sensor Aftermarket Regional Analysis/Insights

The automotive electronics sensor aftermarket is analyzed and market size insights and trends are provided by country, sensor type, vehicle type and application.

The countries covered in the automotive electronics sensor aftermarket report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific (APAC) dominates the automotive electronics sensor aftermarket because of the increase in the number of vehicle sales within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in number of local manufacturers in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Electronics Sensor Aftermarket Share Analysis

The automotive electronics sensor aftermarket 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 electronics sensor aftermarket.

Some of the major players operating in the automotive electronics sensor aftermarket are

• NXP Semiconductors. (Netherlands)
• STMicroelectronics (Switzerland)
• Infineon Technologies AG (Germany)
• TE Connectivity. (Switzerland)
• Texas Instruments Incorporated. (US)
• Sensata Technologies, Inc. (US)
• Littelfuse Inc. (US)
• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• BorgWarner Inc. (US)
• Analog Devices, Inc. (US)
• Sensata Technologies, Inc. (US)
• DENSO CORPORATION (Japan)
• Autoliv Inc. (Sweden)
• Maxim Integrated (US)
• Hitachi Astemo Americas, Inc. (US)
• GMS Instruments BV (Netherlands)
• Broadcom. (US)
• Piher Sensors & Controls (Spain)
• Elmos Semiconductor SE (Germany)