Automotive Sensors Market Highlighting Regional Revenue Share Dominance During 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.
Get Sample Copy of This Report @ https://www.forencisresearch.com/automotive-sensors-market-sample-pdf/
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.
Request Report Methodology On Competition On Global Automotive Sensors Market Here @ https://www.forencisresearch.com/automotive-sensors-market-request-methodology/
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
Consult with an Analyst @ https://www.forencisresearch.com/automotive-sensors-market-consult-with-an-analyst/
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
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rise in Demand for Safety and Security
4.2.2. Growing adoption of Electric Vehicles
4.3 Restraints
4.3.1 Cost Competitive Market
4.4 Opportunities
4.4.1 Growing Market of Autonomous and Semi-Autonomous Vehicles
4.4.2 Rising demand for ADAS System
4.5 Challenges
4.5.1 Sustaining the Balance Between Cost and Quality of Sensors
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE SENSORS MARKET BY SENSOR TYPE, Market Size in USD Million and Units (2018—2025)
6.1 Introduction
6.2 Speed sensors
6.2.1 Wheel Speed Sensors
6.2.2 Speedometers
6.2.3 LIDAR
6.2.4 Ground Speed Radar
6.2.5 Others
6.3 Pressure Sensors
6.3.1 Air Conditioning Pressure Sensor
6.3.2 Fuel Pressure Sensor
6.3.3 Oil Pressure Sensor
6.3.4 Manifold Pressure Sensor
6.3.5 Others
6.4 Temperature Sensors
6.5 Safety Sensors
6.6 Humidity Sensors
6.7 Magnetic Sensors
6.8 Oxygen Sensors
6.9 Position Sensors
6.10 NOx Sensors
6.11 Micro-Electro-Mechanical System (MEMS) Sensors
6.12 Others
7 AUTOMOTIVE SENSORS MARKET BY APPLICATION, Market Size in USD Million and Units (2018—2025)
7.1 Introduction
7.2 Engine
7.3 Powertrain
7.4 Body
7.5 Brakes
7.6 Chassis
7.7 Transmission
7.8 Clutch
7.9 Safety and Control Systems
7.10 Others
8 AUTOMOTIVE SENSORS MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2018—2025)
8.1 Introduction
8.2 Internal Combustion Engine (ICE)
8.3 Electric Vehicles (EVs)
8.3.1 Battery Electric Vehicles (BEVs)
8.3.2 Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.3 Hybrid Electric Vehicles (HEVs)
8.3.4 Fuel Cell Electric Vehicles (FCEV)
8.4 Others
9 AUTOMOTIVE SENSORS MARKET BY SALES CHANNEL, Market Size in USD Million and Units (2018—2025)
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
10 AUTOMOTIVE SENSORS MARKET BY REGION, Market Size in USD Million and Units (2018—2025)
10.1 North America
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 UK
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Norway
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Rest of the World
10.4.1 Middle East & Africa
10.4.2 South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 Robert Bosch GmbH
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 Continental AG
12.3 Denso Corporation
12.4 Aptiv PLC
12.5 Sensata Technologies
12.6 Infineon Technologies AG
12.7 Autoliv Inc.
12.8 TE Connectivity Ltd
12.9 ZF Friedrichshafen AG
12.10 STMicroelectronics N.V.
12.11 Others
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/automotive-sensors-market-purchase-now/
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: [email protected]
For more market research insights, please visit https://www.forencisresearch.com