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2020
Global Automotive Sensor Market

Global Automotive Sensor Market

by Type (Temperature Sensors, Pressure Sensors, Motion Sensors, Speed Sensors, and Gas Sensors) and Application (Powertrain, Chassis, Body Electronics, Safety & Security, and Telematics): Global Opportunity Analysis and Industry Forecast, 2020-2027
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Report Code: A00592
Pages: 262
Jun 2020 | 23027 Views
Author(s) : Avinash Savekar, Asavari Patil, & Vineet Kumar
Tables: 125
Charts: 91
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The global automotive sensor market size is expected to reach $37.65 billion by 2027 from $16.40 billion in 2019, growing at a CAGR of 10.2% from 2020 to 2027. Automotive sensors detect, measure, and transmit information, which help in analyzing performance of vehicles. Sensors are devices that detect events or changes in environment and then provide a corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by producing an output on a display or transmit the information in electronic form for further processing. It uses integrated circuit (IC) fabrication technology made on silicon wafers. It monitors and controls chemical, physical, and process changes of an automobile.

Sensors are used to minimize fuel consumption and reduce onboard weight of a vehicle. Automotive sensors are smart sensors, which can be used to control and process temperature, coolant level, and pressure of oil in a vehicle. There are several types of sensors used in the automotive industry such as speed sensors, coolant sensors, temperature sensors, pressure sensors, magnetic sensors, voltage sensors, and oxygen sensors. Automotive sensor is one of the fastest growing technologies in original equipment manufacturer (OEM) section, especially in North America. 

Automotive-Sensor-Market-2020-2027

Presently, there is an increase in demand for intelligent sensors in vehicles, which allows manufactures to give drivers higher level of safety & security, reliability, and information & entertainment. Manufacturers of electronic devices are incorporating more sensors in their devices to add additional features and compete with other players in the market. High competition in the electronic market, steady upgrade in electronic devices, and increase in automation in the automotive industry through electronic devices are anticipated to drive the growth of automotive sensor industry in future.

Smart sensors are used in accelerometers, which are equipped in vehicles to provide benefits such as safety and fuel efficiency. For instance, a smart sensor processes real-time data and notifies engine-related problems. Moreover, these facilitate communication between engine, suspension, braking, and other controls of vehicles. Vehicle safety issues have led vehicle manufacturers to adopt smart sensors at a high rate, such as in airbags, for safety. These air bags are more effective compared to conventional air bags in sensing accidents, thus minimizing them. 

Global Automotive Sensor Market
By Type

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Gas Sensor segment is projected as one of the most lucrative segments.

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Rise in use of pressure sensors in the automotive industry, owing to high adoption in various safety concerns of passengers, such as tire pressure monitoring systems (TPMS), advanced driver assistance systems (ADAS), and manifold absolute pressure sensors (MAPS); surge in demand for automotive sensors in hybrid and electric cars, as it is widely used in navigation system (GPS) and advanced driver assistance systems (ADAS); increase in use of custom designed electronics devices is expected to boost the automotive sensor market growth. However, high development cost of automotive sensors is expected to hinder the market growth. Moreover, technological advancements in the automobile industry and growth in the automotive sector are expected to offer lucrative opportunities for the automotive sensor market globally. 

Global Automotive Sensor Market
By Application

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Body Electronics segment is expected to secure leading position during forecast period.

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The global automotive sensor market is segmented on the basis of type, application, and region. By type, it is categorized into pressure sensors, temperature sensors, motion sensors, speed sensors, and gas sensors. By application, it is divided into powertrain, chassis, body electronics, safety & security, and telematics. 

Global Automotive Sensor Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 11.30% during 2020-2027

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By region, the global automotive sensor market trends is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America accounted for the highest market share in 2019, owing to expansion of the electronics market and rise in sales of electric vehicles (EVs). Europe was the second largest contributor in 2019, in terms of revenue and is expected to witness significant growth during the forecast period, owing to the rise in demand for passenger vehicles. 

Top Impacting Factors

The most prominent factors that drive the automotive sensor market growth include increase in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, and rise in use of custom designed electronic devices. However, high development cost of automotive sensors is expected to hinder the market growth. Moreover, technological advancements in the automobile industry and growth in the automotive sector are expected to offer lucrative opportunities for the market globally. Each of these factors is anticipated to have a definite impact on the automotive sensor market during the forecast period. 

Competition Analysis

Competitive analysis and profiles of the major automotive sensor market players, such as Robert Bosch, DENSO Corporation, AUTOLIV INC, Continental AG, Valeo, Delphi Automotive Company, Sensata Technologies, NXP Semiconductor, STMicroelectronics N.V, and Infineon Technologies AG are provided in this report.  

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global automotive sensor market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall automotive sensor market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and automotive sensor market opportunities with a detailed impact analysis.
  • The current automotive sensor market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the automotive sensor market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Global Automotive Sensor Market Report Highlights

Aspects Details
BY TYPE
  • Temperature Sensors
  • Pressure Sensors
  • Motion Sensors
  • Speed Sensors
  • Gas Sensors
BY APPLICATION
  • Powertrain
  • Chassis
  • Body Electronics
  • Safety & Security
  • Telematics
BY REGION
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players AUTOLIV INC, Robert Bosch, CONTINENTAL AG, DENSO Corporation, DELPHI AUTOMOTIVE COMPANY, Infineon Technologies AG, NXP Semiconductor, Sensata Technologies, STMicroelectronics N.V, VALEO
 

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The automotive sensor market holds a substantial scope for growth globally. Currently, it is in its growing stage. There is an increase in demand for sensors due to their wide usage in electronics devices. Manufacturers of electronic devices are incorporating more sensors in their devices to add additional features and keep ahead of other players in the highly competitive market.   

These sensors have penetrated in almost every industry vertical but have highest usage in consumer electronic products, followed by automotive, and IT & telecom. Automotive industry incorporates sensors such as accelerometer, pressure sensor, speed sensor, gas sensor, oxygen sensor, magnetic sensor, and temperature detector to keep a track on parameters and provide a centralized system for automatic control in vehicles. 

The incorporation of sensors into any device increases its functionality, accuracy, and efficiency, which leads to increase in its automation. This contributes to the high growth of the automotive sensor market. Automobile companies have started to increase the number of sensors in their devices to enhance overall user interface experience and to keep ahead of their competitors in the market. These sensors are used to keep a track of various parameters such as temperature, pressure, flow, level, and other vehicle parameters. These sensors measure and feed values to a centralized unit, which controls the parameters automatically.   

The major companies profiled in the report include Robert Bosch, DENSO Corporation, AUTOLIV INC, Continental AG, Valeo, Delphi Automotive Company, Sensata Technologies, NXP Semiconductor, STMicroelectronics N.V, and Infineon Technologies AG.
 

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