Market Overview:
The global automotive sensors market size is estimated to develop at a CAGR of over 12% throughout the foreseen period from 2021 to 2026.
Automotive sensors track and maintain the chemical, physical and process changes related to the vehicles. Sensors are utilized to limit the fuel utilization, decrease locally available load of cars and confirm to government guidelines towards the traveler's security.
In 2021, the market was estimated at $26.08 billion with Safety Sensors producing over $5 billion in 2021. The Americas area represented a significant income in the worldwide vehicle sensors market producing over 4,068.60 in 2021. With numerous security norms being given, European locale is ready to observe a CAGR of 15.25% during the foreseen time frame 2021-2026. The development in worldwide automotive sensors market is credited to the expanding request of autonomy, stricter emanation gauges and the rise in interest of security features in the automobiles.
Recent Developments:
Drivers and Restraints of Automotive Sensors Market:
Drivers:
The development of this market is credited to the expanding request of vehicle, stricter outflow principles and the expanded interest of security highlights in the vehicle. The global automotive sensors market is relied upon to observe sound development during the estimated time frame, essentially determined by usage of cutting edge innovations and advancements in vehicle. Stringent eco-friendliness and outflow standards, alongside expanding worries towards security, are foreseen to fuel the development of the global automotive sensors market. In addition, expanding focal point of a few automakers on comfort driving is relied upon to assume a fundamental job in the development of the vehicle sensors business.
Restraints:
Be that as it may, significant expense pressure on OEMs is hindering the development of this market.
Market Segmentation:
By Application:
The powertrain application fragment represents the most substantial portion of this market and is foreseen to overwhelm the market over the conjecture time frame inferable from its capacity to streamline fuel utilization, which helps in decreasing emanation and expanding the mileage.
The chassis application section will likewise show great development in this vehicle sensors market over the foreseen period. The purposes for it are chassis sensor capacity to give security to the driver, which controls and handles a vehicle with steadiness.
By Type:
Pressure sensors have their applications in motor, fuel and security. There are various kinds of pressure sensors like cooling pressure sensor, fuel pressure sensor, oil pressure sensor and complex pressure sensor. In the engine pressure sensors are utilized to manage power conveyed by the motor at whatever point the vehicle is quickened or slows down and furthermore monitor the oil and coolant pressure. For security reason, the pressure sensors adjust to street territory and forestall slipping of vehicles. Humidity sensors distinguishes and gauges water vapor and furthermore recognizes hazed up wind screens.
The micro-electromechanical system (MEMS) classification is required to develop at a quicker rate during the estimated time frame, as far as innovation, in the vehicle sensors market. The developing ubiquity of MEMS sensor is principally ascribed to its better resilience for thermal improvement alongside its less power utilization level. The temperature sensor will likewise show great development over the estimate time frame inferable from its high-temperature detecting, quick reaction, and can detect objects moving.
Automotive Sensors Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
The automotive sensors market in North America is relied upon to observe a quick development over the expected period because of framework advancement which is advancing the market development of vehicle sensors in the foreseen years. Europe gave off an impression of being the biggest market as far as incentive during the estimated period. This is a result of the presence of the required policies in regards to establishment of programmed emergency braking mechanisms and other vehicle security highlights, which support the interest for vehicle sensors in the locale.
Topographically, APAC was the main automotive sensors market as far as volume, during the verifiable period, and it is relied upon to hold its predominance all through the conjecture time frame. Besides, the area is anticipated to record the quickest development over the envisioned period. Driven by China, the area is the center of vehicle manufacture representing over half of worldwide vehicle manufacture every year, which builds the establishment of gigantic number of sensors in the vehicles. Also, most extreme electrification of vehicles is occurring in this area, which further lifts the interest for vehicle sensors. Forceful marketing in key nations of Latin America and the Middle East and Africa areas could additionally profit players in the vehicle sensors business.
Key Players of Market:
Some of the key players in the global automotive sensors market include Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Sensors Market, By Type
6.1.1 Temperature
6.1.2 Gas
6.1.3 Pressure
6.1.4 Motion
6.1.5 MEMS
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Automotive Sensors Market, By Application
6.2.1 Chassis
6.2.2 Powertrain
6.2.3 Body Electronics
6.2.4 Safety and Security
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 Analog Devices Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Broadcom Limited
8.3 Bosch Sensortech GmBH
8.4 Bourns Inc.
8.5 Delphi Automotive LLP
8.6 Denso Corporation
8.7 GE Measurement & Control Solutions
8.8 STMicroelectronics
8.9 Infineon Technologies AG
8.10 Continental AG
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
