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Automotive Sensors Market

Automotive Sensors Market Size, Share and Segmentation by Sensor Type (Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, Image Sensors, Others), by Application (Powertrain Systems, Chassis, Exhaust Systems, Safety & Control Systems, Vehicle Body Electronics, Telematics Systems, Others), by Vehicle Type (Passenger cars, LCV, HCV), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/2304 | July 2022 | Region: Global | 132 Pages

Report Scope & Overview:

Automotive Sensors Market Size was valued at USD 27.65 billion in 2021 and is expected to reach USD 68.35 billion by 2028 and grow at a CAGR of 13.8% over the forecast period 2022-2028.

Sensors in automobiles collect, measure, and send data that aid in vehicle performance analysis. When an event or a change in the environment is detected, a matching output is produced by a sensor. To respond to a physical input such as light or heat or movement or moisture or pressure or any other entity they can detect, they provide an output on a display or transfer information in electronic form for further processing. On silicon wafers, it employs integrated circuit (IC) fabrication technology. Monitoring and controlling changes in a car's chemical, physical, and process state are all possible with this device in place.

Automotive Sensors Market Revenue Graph

Fuel usage and vehicle weight can be reduced with the use of sensors. A vehicle's temperature, coolant level, and oil pressure can be controlled and processed using automotive sensors. Speed, coolant, temperature, pressure, magnetic, voltage, and oxygen sensors are only some of the types of sensors utilized in the automotive industry. In April 2021, Honda announced the launching of its cutting-edge "Honda Sensing Elite" advanced driver assistance system (ADAS) for a specific range of automobiles that were made accessible in Japan. The system is equipped with a Traffic Jam pilot module and can perform at SAE level 3 standards.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • The market for automotive sensors is expanding as more people choose self-driving cars.

  • Rapid industrialization and rising per capita income would boost auto demand.

RESTRAINTS: 

  • The emerging economies' aftermarket for automotive sensors is still in its early stages of development.

  • The decline in demand for diesel automobiles is the main impediment.

OPPORTUNITIES: 

  • Increasing attention is being paid to the electrification of vehicles in the automotive sector.

  • Governments are also enforcing stringent rules to keep motorists safe on the road.

CHALLENGES: 

  • Dangers posed by driverless vehicles to people's safety and security.

  • Market expansion is anticipated to be hampered by restrictions caused by adverse weather.

IMPACT OF COVID-19:

The introduction of COVID-19 has resulted in a number of significant issues for the global market. The overall pandemic scenario has had an effect on the Automotive Sensors Industry in the form of the export of Chinese parts, the interruption of manufacturing, and the closure of plants where the parts are assembled. These effects can be broken down into their component elements. Although this is largely dependent on the amount and severity of the pandemic, as well as the decision made by the governments about the lockdown phase, it is important to note that. The pandemic has had an effect not just on collaborations and research and development but also on market relationships. Because there is less of a need for automobiles in the market, production of those automobiles is likely to be significantly impacted. The spread of the epidemic has had the greatest impact on the rise in demand for new automobiles, and there is little hope that the situation will improve any time soon. The outlook for the automotive sensors industry is directly impacted by all of these unfavorable consequences that the pandemic has had on the market for vehicles.

KEY MARKET PLAYERS:

Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Continental AG (Germany), NXP Semiconductors N.V. (Netherlands), DENSO Corporation (Japan), Analog Devices, Inc. (US),  BorgWarner, Inc. (US), Sensata Technologies (US), Allegro Microsystems, Inc. (US), ELMOS Semiconductor SE (Germany), Aptiv plc (Ireland), STMicroelectronics N.V. (Switzerland), CTS Corporation (US), Autoliv, Inc. (Sweden), TE Connectivity (Switzerland), Valeo S.A. (France), ZF Friedrichshafen (Germany), and Magna International (Canada) are some of the affluent competitors with significant market share in the Automotive Sensors Market.

MARKET ESTIMATION: 

Market, By Sensor Type:

The global market has been divided into Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, Image Sensors, and Others Based on the sensor type segment. The position sensors sector dominated the automotive sensors market, and this trend is projected to continue. Autonomous automobiles and autopilot applications are driving the market for position sensors. Seats, pedals, and gear shifters all include position sensors to assure safety and optimum operation.

Market, By Application:

The global market has been divided into Powertrain Systems, Chassis, Exhaust Systems, Safety & Control Systems, Vehicle Body Electronics, Telematics Systems, and Others Based on the application segment. The automotive sensors market was dominated by powertrain systems, and this trend is projected to continue over the forecast period. As far as the automotive sensors market is concerned, the fastest growth will be seen in the safety and control systems. These sensors are essential for the safe and efficient operation of automobiles.

Market, By Vehicle Type:

The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. The passenger car category is expected to dominate the automotive sensors market over the forecast period. The passenger car segment will also have the greatest CAGR. Passenger automobiles account for most global auto output.

MARKET SEGMENTATION:

By Sensor Type:

  • Temperature Sensors

  • Pressure Sensors

  • Oxygen Sensors

  • NOx Sensors

  • Position Sensors

  • Speed Sensors

  • Inertial Sensors

  • Image Sensors

  • Others

By Application:

  • Powertrain Systems

  •  Chassis

  •  Exhaust Systems

  •  Safety & Control Systems

  •  Vehicle Body Electronics

  •  Telematics Systems

  •  Others

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

Automotive Sensors Market Segment Chart

REGIONAL ANALYSIS:

The Automotive Sensors Market Share is the largest in the Asia Pacific region, and the primary areas that have been providing the growth are growing countries like India, China, and Japan. The Asia Pacific region owns the largest market share overall. The expansion of the region can be ascribed to the expansion of the economy as well as the rise in the number of people that necessitates an increase in the demand for automobiles. Additionally, there has been a rise in the average wealth of the areas, which has led to an increase in the demand for automobiles and, as a direct result of this, an increase in the need for automotive sensors. The market for automotive sensors in North America is also anticipated to experience substantial expansion in the near future. This might be linked to an increase in the demand for automobiles as well as a greater knowledge of the benefits of using environmentally friendly products. Because of the many factors at play, it is anticipated that the Automotive Sensors Market will expand rapidly in European countries as well.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

 

Automotive Sensors Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 27.65 Billion
Market Size by 2028 US$ 68.35 Billion
CAGR CAGR of 13.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Sensor Type (Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, Image Sensors, Others)
• By Application (Powertrain Systems, Chassis, Exhaust Systems, Safety & Control Systems, Vehicle Body Electronics, Telematics Systems, 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 Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Continental AG (Germany), NXP Semiconductors N.V. (Netherlands), DENSO Corporation (Japan), Analog Devices, Inc. (US),  BorgWarner, Inc. (US), Sensata Technologies (US), Allegro Microsystems, Inc. (US), ELMOS Semiconductor SE (Germany), Aptiv plc (Ireland), STMicroelectronics N.V. (Switzerland), CTS Corporation (US), Autoliv, Inc. (Sweden), TE Connectivity (Switzerland), Valeo S.A. (France), ZF Friedrichshafen (Germany), and Magna International (Canada)
Key Drivers • The market for automotive sensors is expanding as more people choose self-driving cars.
•Rapid industrialization and rising per capita income would boost auto demand.
Restraints • The emerging economies' aftermarket for automotive sensors is still in its early stages of development.
• The decline in demand for diesel automobiles is the main impediment.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Sensors Market Segmentation, By Sensor Type

8.1 Temperature Sensors

8.2 Pressure Sensors

8.3 Oxygen Sensors

8.4 NOx Sensors

8.5 Position Sensors

8.6 Speed Sensors

8.7 Inertial Sensors

8.8 Image Sensors

8.9 Others

 

9. Global Automotive Sensors Market Segmentation, By Application

 9.1 Powertrain Systems

 9.2 Chassis

 9.3 Exhaust Systems

 9.4 Safety & Control Systems

 9.5 Vehicle Body Electronics

 9.6 Telematics Systems

 9.7 Others

 

10. Global Automotive Sensors Market Segmentation, By Vehicle Type

10.1 Passenger Cars

10.2 LCV

10.3 HCV

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GmbH (Germany),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Infineon Technologies AG (Germany)

12.3 Continental AG (Germany)

12.4 NXP Semiconductors N.V. (Netherlands)

12.5 DENSO Corporation (Japan)

12.6 Analog Devices, Inc. (US)

12.7 BorgWarner, Inc. (US)

12.8 Sensata Technologies (US)

12.9 Allegro Microsystems, Inc. (US)

12.10 ELMOS Semiconductor SE (Germany)

12.11 Aptiv plc (Ireland)

12.11 STMicroelectronics N.V. (Switzerland)

12.12 CTS Corporation (US)

12.13 Autoliv, Inc. (Sweden)

12.14 TE Connectivity (Switzerland)

12.15 Valeo S.A. (France)

12.16 ZF Friedrichshafen (Germany)

12.17 Magna International (Canada)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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.

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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.

Secondary Research

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.

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