Automotive Sensors Market Size, Trends & Forecast to 2027

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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 | No. of Pages: 215 | Category: Automotive and Transportation | Status: Published

[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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Strategic Insights

Report Coverage - Automotive Sensors Market
Report CoverageDetails
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
No. of Pages215
No. of Tables80
No. of Charts & Figures82
Historical data availableYes
Segments coveredType ; Application ; Vehicle Type
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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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 - 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.

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.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive sensor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global automotive sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
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