Automotive Sensors Market is expected to register a CAGR close to 9% during the forecast period, 2018 to 2026. The major trend driving the global automotive sensor market is the miniaturization of functionalities and devices along with improved communication capabilities which enable their integration into vehicles without interfering with the basic functionalities of the vehicle.
The growing demand for safety and security in the automobiles is the main factor playing a vital role in the growth of this market. As per the statistics of International Organisation of Motor Vehicle Manufactures the total automotive production which comprises cars and commercial vehicles crossed 97 million marks in 2017.
The World Health Organization data reveals that more than 1.25 million people are killed in road accidents every year and about 50 million people get injured. Countries across the globe are formulating stringent regulations so as to tackle this issue of grave importance. For instance, in the U.S., major automakers have agreed to install automatic emergency braking systems in nearly all vehicles by September 2022. EU commission too is considering to introduce automatic braking system mandatory for cars. Thus, automotive sensors demand is expected to have an upward trajectory in near future.
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The increasing motor vehicle production worldwide, stringent government regulations, increasing vehicle electrification, and growing consumer demand for sensors for the convenience and comfort are the key forces driving the automotive sensors market. Fuel economy and emissions norms have garnered widespread attention in many parts of the world with the increase in concern over global warming and greenhouse gas emissions. Automotive manufacturers are facing pressure to cope up with these issues, thus making sensors a talk of the automotive town.
Automotive sensors market is segmented on the basis of type, Vehicle, application, and geography. The market based on sensor type has been further segmented into temperature, position, inertial, speed, pressure, image, and other sensors. Among these, in 2017, Position sensors held the largest market share; the increasing production of cars will further propel the demand for position sensors.
In the case of applications, telematics segment is expected to grow at the highest CAGR during the forecast period. Its utility in navigation and infotainment applications would definitely help the telematics application to grow. The increasing competition in the automotive industry has led manufacturers to include telematics in budget cars for which the demand is very high in developing countries like India and China.
Among Regions, APAC has the highest market share and is expected to witness the highest growth rate for the automotive sensors market during the forecast period. The rapid growth in overall macroeconomic indicators of the emerging economies like China, India, increase in purchasing power of the consumer, infrastructure development, and increasing demand for more efficient and safer vehicles and governments being more vigilant about safety are the main factors that are driving the growth of the automotive sensors market in this region.
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Scope of the Automotive Sensors Market Report
Automotive Sensors Market by Type
• Pressure Sensor
• Temperature Sensor
• Speed Sensor
• Position Sensor
• Inertial Sensor
• Image Sensor
• Others
Automotive Sensors Market by Vehicle
• Passenger vehicle
• Commercial Vehicle
• Electric Vehicle
• Two-Wheeler
Automotive Sensors Market by Application
• Powertrain
• Chassis
• Exhaust
• Safety & Control
• Body Electronics
• Telematics
• Others
Automotive Sensors Market by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
Key Players in Automotive Sensors Market
Denso Corporation
Infineon Technologies
Bosch
NXP Semiconductors
Delphi Automotive
Texas Instruments
Valeo
Hella
CTS Corporation
Maxim Integrated
Freescale
Analog Devices
General Electric
Continental Automotive
Aleph Automotive Sensors Desautel
HITACHI Automotive Systems Americas
Hamlin Electronics
MAJOR TOC OF THE REPORT
Chapter One: Automotive Sensors Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Automotive Sensors Market Competition, by Players
Chapter Four: Global Automotive Sensors Market Size by Regions
Chapter Five: North America Automotive Sensors Revenue by Countries
Chapter Six: Europe Automotive Sensors Revenue by Countries
Chapter Seven: Asia-Pacific Automotive Sensors Revenue by Countries
Chapter Eight: South America Automotive Sensors Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Automotive Sensors by Countries
Chapter Ten: Global Automotive Sensors Market Segment by Type
Chapter Eleven: Global Automotive Sensors Market Segment by Application
Chapter Twelve: Global Automotive Sensors Market Size Forecast (2019-2026)
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