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Automotive Sensor Market that is Significantly Growing with Top Key Players Robert Bosch, DENSO Corp, AUTOLIV, Continental, Valeo, Delphi Automotive Company, Sensata Technologies, NXP Semiconductor

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 are used to detect and monitor different physical and chemical processes in a vehicle, to find out any issues that could occur in the future. With the help automotive sensors, leading companies provide safety, comfort, and affordability to their consumers. It enhances performance of vehicles and increases their life span. The report analyzes the global automotive sensor market covering different technologies used for manufacturing various sensor types. Sensor is a device that detects physical input such as heat, motion, pressure, or any other entity, and responds by producing an output on a display or transmits the information in electronic form for further processing.

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The key players operating in the market includes Robert Bosch, DENSO Corporation, AUTOLIV INC, Continental AG, Valeo, Delphi Automotive Company, Sensata Technologies, NXP Semiconductor, STMicroelectronics N.V, and Infineon Technologies AG.

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 market growth in the future.

Factors such as rise in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, increase in use of custom designed electronics 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.

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.

By region, the global automotive sensor market 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, owing to expansion of the electronics market and rise in sales of EVs. Europe was the second largest contributor, in terms of revenue and is expected to witness significant growth during the forecast period, owing to the rise in demand for passenger vehicles.

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KEY MARKET SEGMENTS

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
o U.S.
o Canada
o Mexico
– Europe
o UK
o Germany
o Italy
o France
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa

KEY PLAYERS
– Robert Bosch
– DENSO Corporation
– AUTOLIV INC
– Continental AG
– Valeo
– Delphi Automotive Company
– Sensata Technologies
– NXP Semiconductor
– STMicroelectronics N.V
– Infineon Technologies AG

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Automotive Sensor Market 2027 Update on Global Development, Size, Average Price, Competitive Landscape and Key Country Analysis

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 market growth in the future.

Leading Automotive Sensor Market Players:

  • Robert Bosch
  • DENSO Corporation
  • AUTOLIV INC
  • Continental AG
  • Valeo
  • Delphi Automotive Company
  • Sensata Technologies
  • NXP Semiconductor
  • STMicroelectronics N.V
  • Infineon Technologies AG

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 Automotive sensors are used to detect and monitor different physical and chemical processes in a vehicle, to find out any issues that could occur in the future. With the help automotive sensors, leading companies provide safety, comfort, and affordability to their consumers. It enhances performance of vehicles and increases their life span. The report analyzes the global automotive sensor market covering different technologies used for manufacturing various sensor types. Sensor is a device that detects physical input such as heat, motion, pressure, or any other entity, and responds by producing an output on a display or transmits the information in electronic form for further processing.

Factors such as rise in use of pressure sensors in the automotive industry, surge in demand for automotive sensors in hybrid and electric cars, increase in use of custom designed electronics 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.

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By region, the global automotive sensor market 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, owing to expansion of the electronics market and rise in sales of EVs. Europe was the second largest contributor, in terms of revenue and is expected to witness significant growth during the forecast period, owing to the rise in demand for passenger vehicles.

Reason to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Sensor Market
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Automotive Sensor Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Table of Content:

Market Overview

Competition Analysis by Players

Company (Top Players) Profiles

Automotive Sensor Market Size by Type and Application

US Market Status and Outlook

EU Development Market Status and Outlook

Japan Market Development Status and Outlook

China Market Status and Outlook

India Automotive Sensor Market Status and Outlook

Southeast Asia Market Status and Outlook

Market Forecast by Region, Type, and Application

Market Dynamics

Market Effect Factor Analysis

Research Finding/ Conclusion

Appendix

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