Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 6,761.60 Million |
| USD 12,475.79 Million | |
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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
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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
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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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), and Elmos Semiconductor SE (Germany), among others
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Market Opportunities
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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.
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.
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.
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.
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
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
Vehicle Type
Application
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.
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
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.