Europe Automotive Sensors Market Key Players and Opportunities by 2027

The Europe automotive sensors market accounted for US$ 2.13 Bn in 2018 and is expected to grow at a CAGR of 6.8% over the forecast period 2019-2027, to account for US$ 3.83 Bn in 2027.

The automotive industry is constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the sensors market in the 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. Similarly, On Semiconductor has been chosen by Mercedes EQ Formula E Team to develop next-gen electric power for enhancing efficiency and performance. The major catalyst for the growth of semiconductors in the automotive industry is attributed to the continued partnerships between automotive manufacturers and semiconductor manufacturers.

The automotive giants are constantly eyeballing on the electric vehicle segment as the section has attracted several customers. Major players catalyzing the market for electric vehicles worldwide include Tesla, BMW, Nissan, Ford, and Volkswagen, among others. Electric vehicles consist of several types of sensors which enhances the reliability, safety, and performance of the vehicles. The automobile manufacturers, along with several semiconductor manufacturers, are constantly innovating and developing advanced semiconductor and electronic solutions in order to deliver the safest, reliable, and performance-oriented vehicle to their customers. The automotive OEMs are integrating their vehicle's dashboards, seats, heating systems as well as mirrors with advanced sensors and embedded computers, which is facilitating the sensors industry players to design and develop robust technologies. Sensors are also integrated into areas such as braking system, induction motor, and battery system, among others. With the rising electric vehicle production, the requirement for a large number of semiconductors and other electronics. The automotive market players operating in the region requires an increased number of partnerships with sensor manufacturers, in order to soar exponentially in the EV cars segment. The partnership parameter is a major factor for both the industry players to drive their markets, which is anticipated to drive the Europe automotive sensors market in the coming years.

Germany is anticipated to lead the Europe automotive sensors market across the Europe region through the forecast period. Germany is one of the leading producers of automobiles in the world, and many major car manufacturing companies are located in the country, including Volkswagen, BMW AG, Audi, and others. Germany produces a significant number of vehicles every year, which includes both passenger cars and commercial vehicles. Being the hub for the major automotive industries, automotive semiconductors are extensively used in this industry. Germany is one of the pioneers for legalizing autonomous vehicles on the roads. The country is the region's largest electronics producer, of which, the automotive electronics segment is the largest. The figure given below highlights the revenue share of Italy in the Europe automotive sensors market in the forecast period:

Italy in Europe Automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)


EUROPE AUTOMOTIVE SENSORS - MARKET SEGMENTATION

Europe Automotive Sensors Market by Type

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

Europe Automotive Sensors Market by Application

• Chassis• Safety & Security• Body Electronics• Powertrain• ADAS• Others

Europe Automotive Sensors Market by Vehicle Type

• LCV• HCV• Passenger Car

Europe Automotive Sensors Market by Country

• France• Germany• Italy• Russia• UK• Rest of Europe

Companies Mentioned

• Analog Devices Inc.• Continental AG• DELPHI TECHNOLOGIES PLC• Denso Corporation• Infineon Technologies • Melexis• NXP Semiconductors NV• ON Semiconductors • Robert Bosch GmbH• Texas Instruments Incorporated

Europe Automotive Sensors Report Scope