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Pulished Date February, 2021
ID: 11125
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Passenger Car Sensors Market Segmentation By Sensor Type (Pressure Sensors, Position Sensors, Speed Sensors, Temperature Sensors, O2 and NOx Sensors, Safety and Comfort Sensors, Others), By Application (Powertrain/ Drivetrain, Exhaust, Interior/ Comfort, Body Control, Driver Assistance System) and Region - Industry Analysis, Share, Growth, and Forecast 2021-2026.

Pulished: February, 2021
ID: 11125
Pages: 175

Passenger Car Sensors Market Size, Trends & Growth (2021 - 2026)

The car sensor is employed to point the pollution level of the car and manage the engine thanks to the introduction of varied federal emissions standards, the utilization of sensors within the coach market is increasing, leading original equipment manufacturers (OEMs) to strike a balance with government regulations, robustness and manufacturability. The use of sensors in the passenger car has taken the complexity of vehicle electronics to new levels. The technology developed helps OEMs cope with increasing pressure from the government.

The global passenger car sensor market was valued at around $ 5.6 billion in 2021 and is expected to generate sales of around $ 7.1 billion by the end of 2026, with a CAGR of 3.2% between 2021 and 2026.

In order to meet the requirements of car owners, the passenger car sensor market has undergone a number of developments. Microprocessor-based sensors were initially used to monitor emissions in passenger cars and prevent unwanted accidents. These sensors detect all the changes that occur in the auto parts and indicate them to the user. Sensors in passenger cars are generally used in body, powertrain, and chassis monitoring, where they examine vacuum, pressure, temperature, currents, and other related factors.

Recent Developments:

  • CTS Corporation announced that it has completed the acquisition of Filter SensingTechnologies (FST).
  • CTS Corporation announced that CTS Automotive Products has received three new production schedules to supply sensors for an active manifold application in North America and for two turbocharger applications.
  • To achieve fully automated driving based on AI - Basic technologies R&D project at Denso.
  • German technology company Bosch recently announced a new indoor surveillance system with cameras and artificial intelligence that it hopes will improve the safety of drivers and passengers.
  • Global technology company Continental unveiled a compact passenger car radar system for accurate detection of vehicle surroundings.

IMPACT OF COVID-19 ON PASSENGER CAR SENSORS MARKET:

Coronavirus is an unrivaled global public health emergency that has affected nearly every industry, so long-term effects are expected to affect automobile industry growth during the forecast period. The report provides insights on COVID-19 taking into account changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and significant interventions from governments. COVID-19 is a pandemic disease that has triggered a serious global pandemic, starting in China and in almost all regions. It has a huge effect on almost everyone, including human life, the world economy, the automotive industry, manufacturing, consumer goods, defense, and surveillance, among others, due to declining demand between utilization rates. The unavailability of the vaccine to control or prevent the spread of the disease is one of the main reasons the lockdown was introduced to prevent and reduce the spread of the transmission. For monitoring disease transmission, the lockdown is considered the best response found in many countries to date, but it also has a negative economic impact. Currently, however, factories are beginning to reopen in almost all countries taking preventive measures such as 20-50% field workers, social distancing, drastic hygiene measures and others to help the economy. It strengthens the economy and tends to lower the rate of contraction at all times. The sensors are used to minimize fuel consumption and reduce vehicle weight on board. Therefore, the increasing / decreasing demand for motor vehicles has a direct impact on the demand for passenger car sensors.

Drivers and Restraints of Passenger Car Sensors Market:

Drivers:

Strict regulations create room for advanced passenger car features, including the tire pressure monitoring system, electronic stability control and occupant detection. Original equipment manufacturers (OEMs) have been under constant pressure to equip their vehicles with advanced safety systems. North America, Japan, China and South Korea are the main countries where these regulations have been imposed. Increasing interest among consumers is supporting the need for sensors such as humidity sensors, GPS systems, and adaptive lighting sensors.

Restraints:

However, there are some limitations associated with the global passenger car sensor market, including its high prices. Low penetration in developing countries and electrification of the powertrain segment are areas of opportunity for the market. The introduction of ADAS is another growth opportunity within the passenger car sensors market, where driver safety is greatly increased by minimizing the consequences of diver failures. ADAS functions as a co-pilot system providing the driving force with situation-based instructions, advice and warnings, also as information associated with road safety regulations.

Passenger Car Sensors Market Segmentation:

By Sensor Type

  • Pressure Sensors
  • Position Sensors
  • Speed Sensors
  • Temperature Sensors
  • O2 and NOx Sensors
  • Safety and Comfort Sensors
  • Others

By Application

  • Powertrain/Drivetrain
  • Exhaust
  • Interior/Comfort
  • Body Control
  • Driver Assistance System

The market for body monitoring in passenger car sensors business is mainly driven by factors such as strict safety regulations, weight reduction and multiplex compatibility, while the market for systems Interiors and comfort increases due to the demand for comfort from customers, along with safety.

Passenger Car Sensors Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America's largest market is primarily driven by countries like the United States and Canada due to increased technological advancements in passenger car sensors and established players supplying these sensors. Europe will experience significant growth due to its large manufacturing base. Companies in the region are focused on penetrating untapped international markets. Asia-Pacific is expected to show the highest growth in the global passenger car sensor market. A favorable regulatory framework will mainly support the growth of the area during the forecast period. For example, several governments in the region have required rear-view camera sensors and anti-lock braking systems (ABS) to be installed on all vehicles. Furthermore, increased R&D activities in the sensor industry will provide stable growth prospects for the size of the industry until 2024.

Key Players of Market:

The major players in the global passenger car sensors market are Continental AG, Robert Bosch, Denso Global, CTS Corporation, Delphi Technologies, Allegro Microsystems, Analog Devices, and Elmo’s Semiconductor, Infineon Technologies, TRW Automotive, Coachmen Recreational Vehicle Company, Eclipse Recreational Vehicles Inc., Thor Industries Inc., Gulf Stream, Skyline Corporation, Fleetwood RV, Forest River, Inc., Universal Trailer Corporation and 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 Passenger Car Sensors Market, By Sensor Type               

                    6.1.1 Pressure Sensors      

                    6.1.2 Position Sensors      

                    6.1.3 Speed Sensors         

                    6.1.4 Temperature Sensors         

                    6.1.5 O2 and NOx Sensors

                    6.1.6 Safety and Comfort Sensors

                    6.1.7 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.8 Y-o-Y Growth Rate Analysis         

                    6.1.9 Market Attractiveness Index         

          6.2 Passenger Car Sensors Market, By Application                

                    6.2.1 Powertrain/Drivetrain         

                    6.2.2 Exhaust         

                    6.2.3 Interior/Comfort      

                    6.2.4 Body Control  

                    6.2.5 Driver Assistance System   

                    6.2.6 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 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 Sensor 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 Sensor 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 Sensor 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 Sensor 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 Sensor Type        

                    7.6.3 By Application

8. Key Player Analysis                           

          8.1 Continental AG           

                    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 Robert Bosch              

          8.3 Denso Global              

          8.4 CTS Corporation                   

          8.5 Delphi Technologies              

          8.6 Allegro Microsystems            

          8.7 Infineon Technologies           

          8.8 TRW Automotive                   

          8.9 Eclipse Recreational Vehicles Inc                

          8.10 Thor Industries Inc              

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Passenger Car Sensors Market By Region, From 2021-2026 ( USD Billion )
  2. Global Passenger Car Sensors Market By Sensor Type, From 2021-2026 ( USD Billion )
  3. Global Pressure Sensors Market By Region, From 2021-2026 ( USD Billion )
  4. Global Position Sensors Market By Region, From 2021-2026 ( USD Billion )
  5. Global Speed Sensors Market By Region, From 2021-2026 ( USD Billion )
  6. Global Temperature Sensors Market By Region, From 2021-2026 ( USD Billion )
  7. Global O2 and NOx Sensors Market By Region, From 2021-2026 ( USD Billion )
  8. Global Safety and Comfort Sensors Market By Region, From 2021-2026 ( USD Billion )
  9. Global Passenger Car Sensors Market By Application, From 2021-2026 ( USD Billion )
  10. Global Powertrain/Drivetrain Market By Region, From 2021-2026 ( USD Billion )
  11. Global Exhaust Market By Region, From 2021-2026 ( USD Billion )
  12. Global Interior/Comfort Market By Region, From 2021-2026 ( USD Billion )
  13. Global Body Control Market By Region, From 2021-2026 ( USD Billion )
  14. Global Driver Assistance System Market By Region, From 2021-2026 ( USD Billion )

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