Automotive Sensors Market Size, Share & Growth Report | 2030

Automotive Sensors Market Size, Share & Growth Report | 2030

Segments - Automotive Sensors Market by Types (Pressure, Temperature, Inertial Speed, Magnetic, Gas, and Level/Position), Applications (Telematics Powertrain, Vehicle Security Systems, and Body Electronics), Vehicle Types (Commercial Vehicles, Passenger Cars, and Motorcycles), and Regions (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-4000 | 4.7 Rating | 64 Reviews | 222 Pages | Format : PDF Excel PPT

Report Description


The global automotive sensors market size is expected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising popularity of vehicle automation and growing demand for connected automobiles worldwide.

Global Automotive Sensors Market summary

Automotive sensors are vital components of a vehicle primarily designed to detect, transmit, analyze, record, and display data about the vehicle's internal & exterior environments. The automotive sensors are crucial parts of various types of vehicles including passenger, commercial, and personal cars to avoid any unwanted incidences happened to the vehicles.

Wide adoption of such sensors ultimately helps to prevent road accidents as many technologies are designed to warn or alert drivers about possible dangers that might cause severe damage to vehicles as well as put the lives of people who are onboard the vehicles in danger.    


In 2020, the Covid-19 pandemic outbreak had a severe consequence on the market due to the harsh impact of the pandemic on the automotive industry. The pandemic has resulted in lowering the demand for car sensors due to prolonged shut down of the manufacturing units of the automotive industry. As a result, during the first half of 2020, the market growth had been largely dipped and the trend lasted until the first quarter of 2021. However, the increased production volume of passenger cars especially hybrid electric vehicles in the second & third quarters of 2021 present a key reason to drive up demand for automotive sensors.

  • Increasing demand for the expansion of communication capabilities for vehicles due to wide penetration of the Internet is a primary factor driving the market.
  • Wide incidences of road accidents as well as rising need for safety and security in vehicles are projected to boost the market in the coming years.
  • Strict government regulations to improve safety gears and rising number of owing private vehicles due to increasing disposable income present another key factors for the market expansion.
  • High price of fully-automated cars as more sensors are equipped and installed acts as a major hurdle that can hamper the market growth.
  • Trend of urbanization and stable economic conditions across countries especially in major economies of developing countries are likely to provide lucrative growth opportunities of the market.

Scope of the Report

The report on the global automotive sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Pressure, Temperature, Inertial Speed, Magnetic, Gas, and Level/Position), Applications (Telematics Powertrain, Vehicle Security Systems, and Body Electronics), and Vehicle Types (Commercial Vehicles, Passenger Cars, and Motorcycles)

Regional Scope

North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Continental AG; Texas Instruments Incorporated; TE Connectivity Ltd.; Sensata Technologies Holding PLC; and NXP Semiconductors NV

Market Segment Insights

Pressure segment is expected to grow at a rapid pace

Based on types, the automotive sensors market is divided into pressure, temperature, inertial speed, magnetic, gas, and level/position. The pressure segment is expected to grow at a rapid pace during the forecast period as engines safety of vehicles are increasingly relied on pressure sensors. Whenever the accelerator or brake pedals are pressed, the sensors within the engine monitor the oil and coolant pressures that allow to control the power delivered by the engine to reach the desired speed.

Furthermore, pressure sensors are important components of the anti-lock braking system (ABS). This technology responds to the road surface and guarantees that tires do not lock and the car does not slide when stopping at high speeds. The ABS processor is informed of the road conditions as well as the vehicle's speed through pressure sensors. Furthermore, once a vehicle encounters a collision impact, airbag systems employ pressure sensors to deploy airbags and protect the safety of the passengers and driver.

Global Automotive Sensors Market types

Vehicle security systems segment to expand at a considerable CAGR

On the basis of applications, the market is segregated into telematics powertrain, vehicle security systems, and body electronics. The vehicle security systems segment is projected to expand at a considerable CAGR during the forecast period owing to the increasing use of the safety and control systems in vehicles.

Previously, safety systems were only found in luxury automobiles; however, automakers have begun to include safety & control systems in all types of vehicles to ensure safety and reduce the chance of meeting accidents. As a result, rising demand for safety & convenience features in all vehicle types, tight vehicle safety requirements from regulatory policies throughout the world, and increased need for autonomous vehicles are some of the important reasons that help to drive up demand for automotive sensors.

Global Automotive Sensors Market applications

Passenger cars segment is anticipated to account for a major market

On the basis of vehicle types, the automotive sensors market is segmented into commercial vehicles, passenger cars, and motorcycles. The passenger cars segment is anticipated to account for a major market share during the forecast period due to strict government regulations to minimize the chance of accidents and save people lives. High-value sensing modules such as RADAR, image, and LIDAR are being rapidly integrated into automobile systems to ensure safety functioning of the vehicles.

In the long run, the introduction of electric cars is expected to drastically alter the dimension of pressure and magnetic sensors in automobiles. With more electric automobiles on the road, fewer pressure sensors are likely and a boom in magnetic sensors for battery monitoring, location, and detection of moving parts are possible.                          

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is anticipated to constitute a key market share in the coming years owing to early adoption of advanced technology for sensors in the automotive industry. Strict government policies towards the safety of the passengers and wide investment in R&D programs to develop innovative sensors present another key factors for the regional market growth.

Global Automotive Sensors Market region

Segments

The automotive sensors market has been segmented on the basis of

Types

  • Pressure
  • Temperature
  • Inertial Speed
  • Magnetic
  • Gas
  • Level/Position

Applications

  • Telematics Powertrain
  • Vehicle Security Systems
  • Body Electronics

Vehicle Types

  • Commercial Vehicles
  • Passenger Cars
  • Motorcycles

Regions

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East & Africa

Key Players

 

Competitive Landscape

Key players competing in the global automotive sensors market are Continental AG; Texas Instruments Incorporated; TE Connectivity Ltd.; Sensata Technologies Holding PLC; and NXP Semiconductors NV. Some of these players are progressively investing in R&D initiatives and forming strategic alliances with other leading technology companies to ensure competitive edge in the market.

Wabco Holdings Inc., for example, signed a Memorandum of Understanding (MoU) with Valeo in September 2018. As per the deal, Valeo agreed to offer WABCO with sophisticated short and mid-range sensors, including 77GHz radar and solid-state LiDAR, in order to develop and industrialize the next generation of Advanced Driver Assistance Systems (ADAS). The technology is a crucial building block for vehicle autonomy and the first application to leverage Valeo's sensor technology is WABCO's OnCityALERT. Even in low-visibility situations, OnCityALERT technology can help drivers to continuously monitor blind-spots on the passenger side of the car.

Global Automotive Sensors Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Sensors Market - Supply Chain
  4.5. Global Automotive Sensors Market Forecast
     4.5.1. Automotive Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Sensors Market Absolute $ Opportunity
5. Global Automotive Sensors Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Sensors Market Size and Volume Forecast by Types
     5.3.1. Pressure
     5.3.2. Temperature
     5.3.3. Inertial Speed
     5.3.4. Magnetic
     5.3.5. Gas
     5.3.6. Level/Position
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Sensors Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Sensors Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Sensors Demand Share Forecast, 2019-2026
7. North America Automotive Sensors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Sensors Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Sensors Market Size and Volume Forecast by Types
     7.4.1. Pressure
     7.4.2. Temperature
     7.4.3. Inertial Speed
     7.4.4. Magnetic
     7.4.5. Gas
     7.4.6. Level/Position
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Sensors Demand Share Forecast, 2019-2026
8. Latin America Automotive Sensors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Sensors Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Sensors Market Size and Volume Forecast by Types
     8.4.1. Pressure
     8.4.2. Temperature
     8.4.3. Inertial Speed
     8.4.4. Magnetic
     8.4.5. Gas
     8.4.6. Level/Position
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Sensors Demand Share Forecast, 2019-2026
9. Europe Automotive Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Sensors Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Sensors Market Size and Volume Forecast by Types
     9.4.1. Pressure
     9.4.2. Temperature
     9.4.3. Inertial Speed
     9.4.4. Magnetic
     9.4.5. Gas
     9.4.6. Level/Position
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Sensors Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Sensors Market Size and Volume Forecast by Types
     10.4.1. Pressure
     10.4.2. Temperature
     10.4.3. Inertial Speed
     10.4.4. Magnetic
     10.4.5. Gas
     10.4.6. Level/Position
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Sensors Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Sensors Market Size and Volume Forecast by Types
     11.4.1. Pressure
     11.4.2. Temperature
     11.4.3. Inertial Speed
     11.4.4. Magnetic
     11.4.5. Gas
     11.4.6. Level/Position
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Sensors Market: Market Share Analysis
  12.2. Automotive Sensors Distributors and Customers
  12.3. Automotive Sensors Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Continental AG
     12.4.2. Texas Instruments Incorporated
     12.4.3. TE Connectivity Ltd.
     12.4.4. Sensata Technologies Holding PLC
     12.4.5. NXP Semiconductors NV

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