Report Scope & Overview:
Automotive Electronics Sensor Aftermarket Market Size was valued at USD 292.54 billion in 2022 and is expected to reach USD 498.89 billion by 2030 and grow at a CAGR of 6.9% over the forecast period 2023-2030.
The term "automotive electronics sensors" refers to the variety of sensors that are employed for the purpose of detecting, measuring, or recording the occurrence of physical phenomena. They will then respond by transmitting information, which will either affect the control of the system or initiate changes. These are considered integrated parts of vehicle systems and have been purposely developed for the purpose of detecting, analyzing, transmitting, and displaying information pertaining to the performance of the vehicle.
The use of automotive electronics sensors is becoming increasingly commonplace in a variety of vehicles, including heavy-duty lorries and two-wheelers, amongst others. The dashboard, rain sensors, seat, climate control, tailgate close, trailer management, wipers, lighting, sunroof, and parking are just some of the automotive applications that make extensive use of these.
In January 2022, Robert Bosch GmbH created an advanced and revolutionary driver assistance system for city train transit. A signal is sent to the tram driver to alert him or her to the danger. It will automatically break the tram to a stop if the driver doesn't interfere.
The market is expected to grow as a result of the increased use of alternative fuel cars.
Vehicle safety and emissions requirements are being tightened by the government.
The automotive electronics sensors are benefiting from an increase in investments and more money to spend.
The dangers of self-driving cars may act as a market restraint.
Emerging economies have a poorly developed aftermarket for vehicle sensors.
The market will benefit greatly from advances in "connected car" technology.
Lidar technology partnerships and cooperative ventures between vehicle manufacturers.
The low replacement rate could pose a challenge to the market.
Uncertainty in the economy and the supply chain slowed down.
IMPACT OF COVID-19:
Because of the widespread COVID-19 pandemic, the global economy has suffered a significant setback, which has had a negative impact on the production of automobiles. As a result of the aftermath of the crisis, there have been disruptions in the supply chain, which has resulted in several production facilities coming to a halt. The outbreak has had a negative impact on sales of both commercial and passenger vehicles, which has, in turn, had an effect on demand in the automotive industry. The European Union market in the past has resulted in sales of automotive electronic components; however, in recent times, the adoption rate has witnessed a decline due to a dip in automotive sales in the region.
Market, By Type:
Based on the type segment, the global market has been divided into Oxygen sensors, LiDAR sensors, Temperature sensors, Position sensors, Pressure sensors, Speed sensors, and Others. As a result of the growing demand for increased fuel efficiency and decreased exhaust emissions in vehicles, the oxygen sensor segment is anticipated to dominate the market in the near future.
Market, By Application:
The global market has been divided into Powertrain, Body Electronics, Safety & Control, Telematics, and others based on the application segment. It is anticipated that the powertrain segment will hold the largest share of the market. This is due to the fact that the functionality of various powertrain ECUs and the enhancement of control with predictions based on the real-time execution of complex mathematical models are both present in this segment.
Market, By Vehicle Type:
Based on the vehicle type segment, the global market has been divided into Passenger cars, LCV, and HCV. As a result of an increase in the utilization of sensors in a variety of applications within passenger cars, it is anticipated that the passenger car segment will hold the largest share of the market.
Safety & control
By Vehicle Type:
With high automotive vehicle sales in countries such as China, India, Japan, New Zealand, South Korea, Australia, and Indonesia, accounting for 43.67 million units in 2019, Asia-Pacific is expected to offer promising growth opportunities for automotive electronics sensor aftermarket. This is due to the fact that Asia-Pacific is home to a large number of developing countries. The automotive electric sensors find applications in a variety of the systems that make up an electric car, including the powertrain and chassis, the body electronics, the vehicle safety and security, and others. As a result, it is anticipated that the expansion of the electric car market will boost the market for automotive electronics sensors in this area. One of the most important markets for the sale of vehicles in China.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Denso Corporation (Japan), Standard Motor Products, Inc. (US), Delphi Technologies (UK), NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Valeo (France), Continental AG (Germany), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), and Sensata Technologies Inc. (US) are some of the affluent competitors with significant market share in the Automotive Electronics Sensor Aftermarket.
Denso Corporation (Japan)-Company Financial Analysis
|Market Size in 2022||US$ 292.54 Billion|
|Market Size by 2030||US$ 489.89 Billion|
|CAGR||CAGR of 6.9% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Oxygen sensor, LiDAR sensor, Temperature sensor, Position sensor, Pressure sensor, Speed sensor, Others)
• by Application (Powertrain, Body Electronics, Safety & Control, Telematics, Others)
• by Vehicle Type (Passenger cars, LCV, HCV)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Denso Corporation (Japan), Standard Motor Products, Inc. (US), Delphi Technologies (UK), NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Valeo (France), Continental AG (Germany), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), and Sensata Technologies Inc. (US)|
|Key Drivers||•The market is expected to grow as a result of the increased use of alternative fuel cars.
•Vehicle safety and emissions requirements are being tightened by the government.
|RESTRAINTS||•The dangers of self-driving cars may act as a market restraint.
•Emerging economies have a poorly developed aftermarket for vehicle sensors.
The Automotive Electronics Sensor AfterMarket is expected to reach USD 498.89 billion by 2030.
The term "automotive electronics sensors" refers to the variety of sensors that are employed for the purpose of detecting, measuring, or recording the occurrence of physical phenomena. They will then respond by transmitting information, which will either affect the control of the system or initiate changes.
The Market is segmented into three segments, by type, by application, and by vehicle type.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Electronics Sensor Aftermarket Segmentation, By Type
8.1 Oxygen sensor
8.2 LiDAR sensor
8.3 Temperature sensor
8.4 Position sensor
8.5 Pressure sensor
8.6 Speed sensor
9. Global Automotive Electronics Sensor Aftermarket Segmentation, By Application
9.2 Body electronics
9.3 Safety & control
10. Global Automotive Electronics Sensor Aftermarket Segmentation, By Vehicle type
10.1 Passenger cars
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Denso Corporation (Japan)
12.2 Standard Motor Products, Inc. (US)
12.3 Delphi Technologies (UK)
12.4 NGK Spark Plug CO., LTD (Japan)
12.5 BorgWarner Inc. (US)
12.6 Valeo (France)
12.7 Continental AG (Germany)
12.8 Hella GmbH & Co. KGaA (Germany)
12.9 Dorman Products (US)
12.10 Sensata Technologies Inc. (US)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Communication Technology Market Size was valued at USD 7.10 billion in 2022 and is expected to reach USD 22.61 billion by 2030 and grow at a CAGR of 15.57% over the forecast period 2023-2030.
Automotive Smart Tire Market Size was valued at USD 87.48 billion in 2022 and is expected to reach USD 161.91 billion by 2030 and grow at a CAGR of 8% over the forecast period 2023-2030.
Automotive Power Modules Market Size was valued at USD 4.29 billion in 2022 and is expected to reach USD 6.34 billion by 2030 and grow at a CAGR of 5% over the forecast period 2023-2030.
Teen Driver Technology market size was valued at USD 2.36 billion in 2022 and is expected to reach at USD 4.08 billion by 2030, and grow at a CAGR of 7.1% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone