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
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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
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Strategic Insights
Report Coverage - Automotive Sensors Market
Report Coverage
Details
Market Size Value in
US$ 8.17 Billion in 2018
Market Size Value by
US$ 16.73 Billion by 2027
Growth rate
CAGR of 8.3% from 2019-2027
Forecast Period
2019-2027
Base Year
2019
No. of Pages
215
No. of Tables
80
No. of Charts & Figures
82
Historical data available
Yes
Segments covered
Type ; Application ; Vehicle Type
Regional scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage
Revenue 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 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.
The List of Companies - Automotive Sensors Market
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.
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