Automotive Sensors Market Segments, Opportunity, Growth and Forecast by End-use Industry 2020-2027

The Global Automotive Sensors Market is estimated to reach USD 42.6 Billion by 2025 at a CAGR of 7.3 %, says forencis research (FSR).

Sensors are a device that is used to detect any changes in quantities or events like force, pressure or any other form of energy and transfers it as an optical or electric signal to the specific component. In the automotive sector, sensors are an essential part of the vehicle, which are installed to increase vehicle performance, safety, and reliability of the passengers. It is also used for lowering fuel consumption and helps in reducing the onboard weight of the vehicle. Sensors such as pressure sensors, speed sensors, temperature sensors, NOX sensors, and safety sensors among other sensors are used in the vehicles to boost passenger safety.

Automotive Sensors Market: Drivers & Restraints

Market Drivers:

Rise in Demand for Safety and Security

Safety is a primary requirement in the automotive sector. Any safety or security failures may result in severe injury or loss of life. Advanced Driver Assistance Systems (ADAS) is built in a variety of high-tech sensors. This technology helps in preventing sudden jerks and reducing the number of injuries and deaths related to an accident. Rising vehicle accidents worldwide is driving the demand for automotive safety & security. To avoid this, International Standards, International Organization for Standardization (ISO 26262), and Society of Automotive Engineers (SAE J3061) have come up with strict vehicle safety and security standards.

Hence, the rise in demand for safety & security is expected to drive the automotive sensors market during the forecast period.

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Growing Adoption of Electric Vehicles

Automotive manufacturers are engaged in developing innovative technologies that would provide better connectivity solutions. The development of innovative technologies is an outcome of the growing demand for luxurious and smart vehicles. Rise in demand for electric and autonomous vehicles has boosted the demand for electric systems. As per the data shared by the Edison Electric Institute, in 2018, the total sales of electric vehicles in the United States raised 81%, when compared to 2017. Thus, the growing adoption of electric vehicles has expected to drive the automotive sensors market during the forecast period.

Market Restraints:

Cost Competitive Market

The demand for automotive sensors moves up and down in variation with the prices. The presence of a large number of players affects the pricing of automotive sensors which increases the market competition in terms of the product cost. This results in pricing pressure on prominent players to deliver efficient products at a lower cost. Thus, the price of automotive sensors is depended on consumer buying behavior which may affect market growth.

Automotive Sensors Market: Key Segments

Based on Sensor Type: Speed Sensors, Pressure Sensors, Temperature Sensors, Safety Sensors, Humidity Sensors, Magnetic Sensors, Oxygen Sensors, Position Sensors, NOx Sensors, Micro-Electro-Mechanical System (MEMS) Sensors, and
Based on Application: Engine, Powertrain, Body, Brakes, Chassis, Transmission, Clutch, Safety and Control Systems, and
By Vehicle Type: Internal Combustion Engine (ICE), Electric Vehicles (EVs), and
By Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket
Key Regions Covered: North America, South America, Europe, Asia-Pacific, Rest of the World with individual country-level analysis.

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Automotive Sensors Market: Report Scope

The report on the automotive sensors market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Automotive Sensors Market include:

Robert Bosch GmbH (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Continental AG
Denso Corporation
Aptiva PLC
Sensate Technologies
Infineon Technologies AG
Aetolia Inc.
TE Connectivity Ltd
ZF Friedrichshafen AG
STMicroelectronics N.V.
Others

Automotive Sensors Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Sensors Market, by Sensor Type

Speed sensors

Wheel Speed Sensors
Speedometers
LIDAR
Ground Speed Radar
Others

Pressure Sensors

Air Conditioning Pressure Sensor
Fuel Pressure Sensor
Oil Pressure Sensor
Manifold Pressure Sensor
Others

Temperature Sensors

Safety Sensors

Humidity Sensors

Magnetic Sensors

Oxygen Sensors

Position Sensors

NOx Sensors

Micro-Electro-Mechanical System (MEMS) Sensors

Others

Automotive Sensors Market, by Application

Engine
Powertrain
Body
Brakes
Chassis
Transmission
Clutch
Safety and Control Systems
Others

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Automotive Sensors Market, by Vehicle Type

Internal Combustion Engine (ICE)

Electric Vehicles (EVs)

Battery Electric Vehicles (BEVs)
Plug-In Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)
Fuel Cell Electric Vehicles (FCEV)

Others

Automotive Sensors Market, by Sales Channel

Original Equipment Manufacturer (OEM)
Aftermarket

Automotive Sensors Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the global market and its growth?
What will be the effects of the developments in the global market on the industry and the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of the global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

INTRODUCTION
RESEARCH DESIGN & SCOPE
EXECUTIVE SUMMARY
MARKET DYNAMICS
INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
AUTOMOTIVE SENSORS MARKET BY SENSOR TYPE, Market Size in USD Million and Units (2018—2025)
AUTOMOTIVE SENSORS MARKET BY APPLICATION, Market Size in USD Million and Units (2018—2025)
AUTOMOTIVE SENSORS MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2018—2025)
AUTOMOTIVE SENSORS MARKET BY SALES CHANNEL, Market Size in USD Million and Units (2018—2025)
AUTOMOTIVE SENSORS MARKET BY REGION, Market Size in USD Million and Units (2018—2025)
COMPETITIVE LANDSCAPE
COMPANY PROFILES
APPENDIX

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