The Automotive Sensors market is expanding at a significant rate over the forecast period (2020-2027). The rising motor vehicle production and the strong demand for vehicle electrification are the two major factors that are contributing to the growth of the automotive sensors market during the forecast period.
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Automotive sensors refer to the intelligent systems that control and process the pressure of oil, temperature, level of emission, and coolant levels. These types of sensors are also used to check different aspects, including fuel-air mixture, wheel speed, incoming air temperature, and manifold pressure of various types of vehicles such as trucks, buses, cars, and electronic vehicles. There are several types of sensors used in the automotive industry, such as pressure sensors, temperature sensors, voltage sensors, speed sensors, magnetic sensors, coolant sensors, oxygen sensors, and other sensors.
The automotive sensor market is projected to witness an upsurge in demand during the forecast period. The accelerating production of the motor vehicle at the global level, along with the strong demand for vehicle electrification and the accelerating demand of consumers for better safety and comfort in vehicles, are the major factors that are responsible for the growth of the market over the coming years. Additionally, the formulation of stringent government regulations related to emissions along with the surging demand for alternative fuel vehicles such as electric vehicles, solar-powered vehicles, and hybrid electric vehicles driven by its ability to minimize pollution and growing level of energy security has further propelled the demand for automotive sensor.
The growing automation in the automotive industry driven by the introduction of electronic devices and the installation of ADAS (advanced driver assistance systems), climate control, transmission systems, powertrain, safety systems, and exhaust and the inclusion of new technologies and systems such as anti-lock braking system (ABS), airbags, electronic brakeforce distribution (EBD), and traction control, tire pressure monitoring systems (TPMS), and navigation system (GPS) are contributing to the growth of the automotive sensor industry. On the other hand, the low sales volume of diesel passenger cars and the high development cost of automotive sensors are certain factors that will hinder the market growth.
Key Players of the Automotive Sensor Market:
• Robert Bosch GmbH
• Continental AG
• BorgWarner Inc.
• Denso Corporation
• Infineon Technologies AG
• Sensata Technologies, Inc.
• Allegro MicroSystem, LLC
• Analog Devices, Inc.
• Elmos Semiconductor SE
• CTS Corporation
Market Segmentation:
Automotive Sensor Market Report Segment by Sales Channel:
• Original Equipment Manufacturer (OEM)
• Aftermarket
Automotive Sensor Market Report Segment by Sensor Type:
• Temperature Sensors
• Pressure Sensors
• Position Sensors
• Oxygen Sensors
• Nitrogen Oxide Sensors
• Speed Sensors
• Inertial Sensors
• Image Sensors
• Other Sensors
Automotive Sensor Market Report Segment by Vehicle Type:
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
Automotive Sensor Market Report Segment by Application:
• Passenger Cars
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)
Automotive Sensor Market Report Segment by Region:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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