Automotive Sensors Market Size, Trends & Forecast to 2027

Automotive Sensors Market to 2027 - Global Analysis and Forecasts by Type (LED, Image Sensors, Position Sensors, Temperature Sensors, Pressure Sensors, MEMS, Others); Application (Chassis, Safety & Security, Body Electronics, Powertrain, ADAS, Others); Vehicle Type (LCV, HCV, Passenger Car)

Publication Month : May 2019

  • Report Code : TIPTE100001001
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 215
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[Research Report] The  automotive sensors market accounted to US$ 8.17 Bn in 2018, it is expected to grow at a CAGR of 8.3% during the forecast period 2019 – 2027.

APAC is considered to be the fastest growing economic region. The dominance of the region is majorly attributed to the presence of large numbers of Chinese automotive and sensors manufacturers. China is one of the prominent leaders in global electric vehicle development globally and ranks first in Asia Pacific region. Also, the country houses a number of automobile manufacturers, and in the current scenario, these Chinese automakers are making remarkable investments in order to procure advanced sensors. Pertaining to the fact this, the quest for advanced technologies among the Chinese mass is significant, the development of advanced sensors is also rapid as compared to other countries in the region. This factor is heavily influencing the growth of sensors developed for automobiles in the country, which is substantially catalyzing the growth of automotive sensors market in Asia Pacific. Japan is another key influential country in Asia Pacific market for automotive sensors. This is due to the presence of huge number of sensors manufacturers constantly developing innovative products for various usage in automotive. Thus, the automotive sensors market is anticipated to witness growth in the APAC region.

Lucrative Regional Automotive Sensors Markets


Lucrative Regional Automotive Sensors Markets
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Market Insights

Increasing Collaborations between Vehicle Manufacturers and Sensors Manufacturers are Boosting the Automotive Sensors Market

The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the sensors market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with sensors manufacturers to meet the demands of their customers. For instance, in January 2018, Audi AG partnered with ON Semiconductor, to foster On Semiconductor’s innovations and integrate their semiconductors on their newer models, thereby satisfying constantly changing expectations of the consumers in terms of safety, reliability, and performance. The major catalyst for the growth of semiconductors in the automotive industry is attributed to the continuous partnerships between automotive manufacturers and semiconductor manufacturers.

Escalation in Connected Car Production is expected to Create Lucrative Opportunities for Automotive Sensor Manufacturers to boost their Business


The automakers globally are observing substantial demand for smart devices in their vehicles. This has led the automobile manufacturers to continuously focus on innovating, designing and developing connected cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers' demand and attraction toward connected cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years. The growth trajectory of connected cars is largely anticipated to depend upon several parameters such as technological improvements, consumer preference to adopt connected cars, pricing as well as the ability of the suppliers and OEMs to address the critical concerns related to the safety of the vehicles. Attributing to these parameters, both the industry players i.e. automotive and sensors industry are constantly focusing on improving technologies, negotiating prices of raw materials and the finally integrating the cars with robust technologies. Thus, this factor is expected to trigger the growth of the automotive sensors market in the coming years.

Types Insights


The global automotive sensors market by type is segmented into LED sensor, image sensor, position sensor, temperature sensor, pressure sensor, MEMS, and others. The most prominent type in automotive sensors market accounted for position sensor segment which is due to significant demand for such sensors in automotive industry. LEDs held the second largest market in 2017, and is anticipated to lose its shares during the forecast period from 2019 – 2027.

Application Insights


The automotive sensors market is categorized on basis of various application such as advanced driver assistance systems, body electronics, infotainment, powertrain, safety systems, chassis and others. ADAS dominated the application segment and the ADAS segment is calculated to continue its dominance year on year till 2027. Increasing number of companies offering advanced driver assistance systems in the current automotive industry is fueling the procurement of semiconductor products associated with the ADAS such as technologically enriched sensors. Safety & security segment captured the second largest global market in 2018 and is followed by chassis segment.

Vehicle Type Insights


The automotive sensors market is grouped based on different types of vehicle as passenger car, lightweight commercial vehicle (LCV), and heavyweight commercial vehicle (HCV). The passenger car segment captured the maximum market share, attributing to the enormous count of passenger car production and the ever-increasing trends of technological up gradation. Also, the quest among the passenger car manufacturers to procure advanced technologies in order to gain customer attraction is harnessing the growth of automotive sensors market through passenger car segment. 

Rest of APAC Automotive Sensors Market by Type


Rest of APAC Automotive Sensors Market by Type
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Automotive Sensors Market: Strategic Insights

automotive-sensors-market
Market Size Value inUS$ 8.17 Billion in 2018
Market Size Value byUS$ 16.73 Billion by 2027
Growth rateCAGR of 8.3% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Market Initiatives was observed as the most adopted strategy in global automotive sensors market. Few of the recent market initiatives are listed below:

  • 2019: Delphi Technologies, a leading advanced automotive propulsion solutions provider, today announces a collaboration with TomTom, a leader in navigation, traffic and map products. The two companies will collaborate on electronic and software applications designed to further optimize vehicle fuel efficiency and emissions through the use of real-time mapping data.
  • 2018: Infineon collaborated with DENSO Corporation, a supplier of advanced automotive technology, components, and systems to accelerate its automotive business. The companies aims to mutually improve systems know-how in both established and new technologies area such as electro-mobility and automated driving.
  • 2017: Analog Devices and Renesas Electronics Collaborate on 77/79-GHz Automotive RADAR Technology to Improve ADAS Applications and Enable Autonomous Vehicles. New RADAR Sensor Demonstrator Includes RH850/V1R-M Microcontroller from Renesas Autonomy™ Platform and Analog Devices’ Drive360™ Advanced 28nm CMOS RADAR Technology.

GLOBAL AUTOMOTIVE SENSORS MARKET SEGMENTATION

Global Automotive Sensors Market - By Type

  • LED
  • Image Sensor
  • Position Sensor
  • Temperature Sensor
  • Pressure Sensor
  • MEMS
  • Others

Global Automotive Sensors Market - By Application

  • Advanced Driver Assistance Systems (ADAS)
  • Body Electronics
  • Powertrain
  • Safety Systems
  • Chassis
  • Others

Global Automotive Sensors Market - By Vehicle Type

  • Passenger Cars
  • Lightweight Commercial Vehicle (LCV)
  • Heavyweight Commercial Vehicle (HCV)

Global Automotive Sensors Market - By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Middle East
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Global Automotive Sensors Market - Company Profiles

  • Analog Devices Inc.
  • Continental AG
  • Delphi Technologies PLC
  • Denso Corporation
  • Infineon Technologies AG
  • Melexis
  • NXP Semiconductor N.V.
  • On Semiconductor
  • Robert Bosch GmbH
  • Texas Instruments Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Application ; Vehicle Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Automotive Sensors Market

  1. Analog Devices Inc.
  2. Continental AG
  3. Delphi Technologies PLC
  4. Denso Corporation
  5. Infineon Technologies AG
  6. Melexis
  7. NXP Semiconductor N.V.
  8. On Semiconductor
  9. Robert Bosch GmbH
  10. Texas Instruments Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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