The Global Automotive Sensors Market is projected to reach USD 48.29 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for safety, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and increasing use of sensors in hybrid semi hybrid and electric cars are boosting the demand of automotive sensors market
Usage of sensors have been enormous in automotive. Sensors are being used in almost all parts of the vehicle like chassis, engines, clutch, brakes, transmission, control, and safety. Automotive sensors are majorly used in powertrains to monitor speed, position, pressure, gas, and temperature inside the engine. These sensors are required for safe and efficient operations of powertrains. Emission regulations and stringent fuel-efficiency norms formulated by several governments of different countries are propelling the growth of the market in this segment. Meeting analog information related to temperature and pressure of automobiles for use by their digital control units is critical to meet desired fuel-efficiency and emission regulations. These sensors help vehicle’s engines in burning fuel more efficiently by providing precise data to engines to improve the fuel efficiency according to requirements of the vehicles.
The report takes a closer look at the historical and current market scenarios to accurately predict the global Automotive Sensors market outlook over the forecast duration (2021-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments. The report provides crucial details, such as the market shares of the key players, which help the reader attain a comprehensive outlook of the Automotive Sensors market.
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Competitive Outlook:
The global Automotive Sensors market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Automotive Sensors market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
- Robert Bosch, Continental AG, Delphi Automotive, Denso Corporation, Infineon Technologies, Sensata Technologies, Allegro Microsystems, Analog Devices, Elmos Semiconductor, and CTS Corporation, among others.
Key regions covered in the report:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
For the purpose of this report, Emergen Research has segmented into the global Automotive Sensors Market on the basis of Type, Vehicle Type, Propulsion, Applications, and region:
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Temperature
- Thermocouple
- Thermistor
- MEMS
- Resistance temperature detector
- IC temperature sensor
- Others
- Pressure
- MEMS
- Strain gauges
- Ceramic pressure sensors
- Position
- Angular
- Linear
- Oxygen
- NOx
- Speed
- Inertial
- Accelerometers
- Gyroscopes
- Image
- Complementary Metal Oxide Semiconductors (CMOS)
- Charge-coupled Devices (CCD)
- Radars
- Ultrasonic
- Proximity
- LiDAR
- Others
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Passenger Vehicle
- Mid-sized car
- Sedan
- Minivan
- Convertible
- Crossover
- Hatchback
- Others
- Light Commercial Vehicle (LCV)
- Compact
- Utility Vehicle
- Supermini
- Light Truck
- Others
- Heavy Commercial Vehicle (HCV)
- Mobile Truck
- Limo
- Recreational Vehicle
- Towing Truck
- Fire Trucks
- Others
Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Electric Vehicles
- Battery Electric Vehicle
- Fuel Cell Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
- Gasoline Powered
Applications Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Powertrain
- Chassis
- Exhaust
- Safety & Control
- Body Electronics
- Telematics
- ADAS
- Others
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Automotive Sensors market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Questions addressed in the report:
- What is the estimated market growth rate throughout the forecast period?
- Which end-use industry is expected to witness the highest demand for Automotive Sensors in the near future?
- What is the regulatory framework governing the application of Automotive Sensors in the food industry?
- Which manufacturing processes are utilized for the production of Automotive Sensors?
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