The North America automotive sensors market accounted for US$ 1.63 Bn in 2018 and is expected to grow at a CAGR of 5.7% over the forecast period 2019-2027, to account for US$ 2.66 Bn in 2027.
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 electrification of automobiles is ushering the automotive industry and the industries associated with it to a greater extent. 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. The growth of electric vehicle is foreseen to be exponential due to increasing concerns related to the environment and several stringent laws by Worldwide Harmonized Light Vehicles Test Procedure (WLTP). With the rising electric vehicle production, the requirement for a large number of semiconductors and other electronics.
The automakers 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 finally integrating the cars with robust technologies. This factor is expected to trigger the growth of the North America automotive sensors market in the coming years. The substantial thrust in connected cars segment is foreseen to accentuate further the demand for the advanced sensor for optimizing the vehicle's safety and performance, which has is expected to create profitable market space for North America automotive sensors market in the future.
The US is anticipated to lead the North America automotive sensors market across the North American region through the forecast period. The United States is home to three of the leading automotive groups in the world - General Motors, Fiat-Chrysler Automotive, and Ford Motor Company, among others. Also, it is home to some of the leading semiconductor manufacturers including Intel, Texas Instruments, ON Semiconductors, and others. Many of the automakers have engine & transmission plants and conduct design, R&D, and testing activities in the US. According to the Auto Alliance, almost a fifth of the R&D investments done globally is spent in the US. High demand for infotainment systems and growing need for safety, better communication, and comfort in the vehicles are proliferating the demand of semiconductors in the automotive industries. The figure given below highlights the revenue share of Canada in the North American North America automotive sensors market in the forecast period:
Canada in North America Automotive sensors Market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA AUTOMOTIVE SENSORS - MARKET SEGMENTATION
North America Automotive Sensors Market By Type
• LED• Image Sensor• Position Sensor• Temperature Sensor• Pressure Sensor• MEMS• OthersNorth America Automotive Sensors Market By Application
• Chassis• Safety & Security• Body Electronics• Powertrain• ADAS• OthersNorth America Automotive Sensors Market By Vehicle Type
• LCV• HCV• Passenger CarNorth America Automotive Sensors Market By Country
• U.S.• Canada• MexicoCompanies 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
PART 1. iNTRODUCTION
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
PART 2. Key takeaways
PART 3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
PART 4. North America Automotive Sensors market Landscape
4.1 market overview
4.2 Market segmentation
4.2.1 North America Automotive Sensor Market – By Type
4.2.2 North America Automotive Sensors Market – By Application
4.2.3 North America Automotive Sensors Market – By Vehicle Type
4.2.4 North America Automotive Sensors Market – By Countries
4.3 pest analysis
4.3.1 North America – PEST Analysis
4.4 Ecosystem Analysis
PART 5. AUTOMOTIVE Sensors market – key industry dynamics
5.1 key market drivers
5.1.1 Rapidly Growing Vehicle Manufacturing
5.2 Key market restraints
5.2.1 Increasing Cost of Vehicles Due to Integration of Advanced Sensors
5.3 key market opportunities
5.3.1 Growing Popularity of Electronic Vehicles is aiding the Increasing Consumption Rate of Advanced Sensors Among the Vehicle Manufacturers
5.4 Future trends
5.4.1 Increasing Connected Car Production is Expected to Create Lucrative Opportunities for Automotive Sensor Manufacturers
5.5 impact analysis of Drivers and restraints
PART 6. North America automotive Sensors –market analysis
6.1 North America automotive Sensors Market Overview
6.2 North America automotive Sensors Market Forecast and Analysis
PART 7. North America Automotive Sensors market revenue and FORECASTS TO 2027– Types
7.1 Overview
7.2 North America Automotive Sensors Market Breakdown, By Types, 2017 & 2027
7.3 LED Market
7.3.1 Overview
7.3.2 LED Market Forecast and Analysis
7.4 Image Sensor Market
7.4.1 Overview
7.4.2 Image Sensor Market Forecast and Analysis
7.5 Position Sensor Market
7.5.1 Overview
7.5.2 Position Sensor Market Forecast and Analysis
7.6 Temperature Sensor Market
7.6.1 Overview
7.6.2 Temperature Sensor Market Forecast and Analysis
7.7 Pressure Sensor Market
7.7.1 Overview
7.7.2 Pressure Sensor Market Forecast and Analysis
7.8 MEMS Market
7.8.1 Overview
7.8.2 MEMS Sensors Market Forecast and Analysis
7.9 Other Sensors Market
7.9.1 Overview
7.9.2 Other Sensors Market Forecast and Analysis
PART 8. North America Automotive SENSORS market revenue and forecasts to 2027 – Application
8.1 Overview
8.2 North Ameirca Automotive Sensors Market Breakdown, By application, 2017 & 2027
8.3 Advanced driver assistance systems market
8.3.1 Overview
8.3.2 Advanced Driver Assistance Systems Market Forecasts and Analysis
8.4 Body Electronics market
8.4.1 Overview
8.4.2 Body Electronics Market Forecasts and Analysis
8.5 powertrain market
8.5.1 Overview
8.5.2 Powertrain Market Forecasts and Analysis
8.6 Safety & Security System market
8.6.1 Overview
8.6.2 Safety & Security System Market Forecasts and Analysis
8.7 Chassis market
8.7.1 Overview
8.7.2 Chassis Market Forecasts and Analysis
8.8 Others market
8.8.1 Overview
8.8.2 Others Market Forecasts and Analysis
PART 9. Automotive Sensors market revenue and forecasts to 2027 – vehicle type
9.1 Overview
9.2 North America Automotive sensors Market Breakdown, By vehicle type, 2017 & 2027
9.3 pASSENGER Cars market
9.3.1 Overview
9.3.2 Passenger Cars Market Forecasts and Analysis
9.4 lightweight commercial vehicle (LCV) market
9.4.1 Overview
9.4.2 Lightweight Commercial Vehicle (LCV) Market Forecasts and Analysis
9.5 heavyweight commercial vehicle (HCV) market
9.5.1 Overview
9.5.2 Heavyweight Commercial Vehicle (HCV) Market Forecasts and Analysis
PART 10. North America automotive Sensors market – Geographical Analysis
10.1 Overview
10.1.1 North America Automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2 North America Automotive Sensors Market Breakdown by Key Countries
10.1.2.1 U.S. Automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.1.1 US Automotive Sensors Market Breakdown by Type
10.1.2.1.2 US Automotive Sensors Market Breakdown by Application
10.1.2.1.3 US Automotive Sensors Market Breakdown by Vehicle Type
10.1.2.2 Canada Automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.2.1 Canada Automotive Sensors Market Breakdown by Type
10.1.2.2.2 Canada Automotive Sensors Market Breakdown by Application
10.1.2.2.3 Canada Automotive Sensors Market Breakdown by Vehicle Type
10.1.2.3 Mexico Automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
10.1.2.3.1 Mexico Automotive Sensors Market Breakdown by Type
10.1.2.3.2 Mexico Automotive Sensors Market Breakdown by Application
10.1.2.3.3 Mexico Automotive Sensors Market Breakdown by Vehicle Type
PART 11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
PART 12. North America Automotive Sensors Market – Key Company Profiles
12.1 Analog Devices, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Delphi Technologies plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 denso Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Infineon Technologies AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MELEXIS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NXP Semiconductors N.V.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ON Semiconductors
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Robert Bosch GmbH
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 texas instruments incorporated
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
PART 13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
list of tables
TABLE 1. North America Automotive sensors Market Revenue and Forecasts to 2027 (US$ bn)
TABLE 2. North America Automotive sensors Market, Breakdown by types Revenue and Forecasts to 2027 (US$ bn)
TABLE 3. North America Automotive sensors Market, Breakdown by Application Revenue and Forecasts to 2027
(US$ bn)
TABLE 4. North America Automotive sensors Market, Breakdown by Vehicle Type Revenue and Forecasts to 2027 (US$ bn)
TABLE 5. North America automotive Sensors Market By Key Countries, Revenue and Forecasts to 2027 – By Type
(US$ Mn)
TABLE 6. US automotive Sensors Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 7. US automotive Sensors Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 8. US automotive Sensors Market Revenue and Forecasts to 2027 – By vehicle type (US$ Mn)
TABLE 9. Canada automotive Sensors Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 10. Canada automotive Sensors Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 11. Canada automotive Sensors Market Revenue and Forecasts to 2027 – By vehicle type (US$ Mn)
TABLE 12. MExico automotive Sensors Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
TABLE 13. Mexico automotive Sensors Market Revenue and Forecasts to 2027 – By application (US$ Mn)
TABLE 14. Mexico automotive Sensors Market Revenue and Forecasts to 2027 – By vehicle type (US$ Mn)
TABLE 15. Glossary of Term: Automotive Sensors Market
list of figures
FIGURE 1. North America Image sensors market, Revenue and forecast, US$ Mn, 2018 & 2027
FIGURE 2. North America Automotive sensors market, by application, US$ Mn, 2018 & 2027
FIGURE 3. North America Automotive Sensors Market, by vehicle type (%), 2018
FIGURE 4. North America Automotive sENSORS market segmentation
FIGURE 5. North America Automotive SENSORS market segmentation – geographic analysis
FIGURE 6. north america – pest analysis
FIGURE 7. North America Automotive Sensors Market – ecosystem analysis
FIGURE 8. north America Automotive Sensors Market Impact Analysis of Driver and Restraints
FIGURE 9. North America automotive Sensors Market Forecast and Analysis to 2027, US$ Bn
FIGURE 10. North America Automotive sensors Market Breakdown, By types, 2017 & 2027 (%)
FIGURE 11. North America LED Market Revenue and FORECASTS TO 2027(US$ Mn)
FIGURE 12. North America Image Sensor Market Revenue and FORECASTS TO 2027(US$ Mn)
FIGURE 13. North America Position Sensor Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 14. North America Temperature Sensor Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 15. North America Pressure Sensor Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 16. north America MEMS Sensor Market Revenue and FORECASTS TO 2027(US$ mn)
FIGURE 17. North America Others Sensor Market Revenue and FORECASTS TO 2027(US$ Mn)
FIGURE 18. North America Automotive Sensors Market Breakdown, By application, 2018 & 2027 (%)
FIGURE 19. North America Advacned Driver Assistance Systems Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 20. north America Body Electronics Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 21. North America Powertrain Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 22. North America Safety & security System Market Revenue and FORECASTS TO 2027(US$ Bn)
FIGURE 23. North America Chassis Market Revenue and FORECASTS TO 2027(US$ mn)
FIGURE 24. north America Others Market Revenue and FORECASTS TO 2027(US$ Mn)
FIGURE 25. North America Automotive sensors Market Breakdown, By vehicle type, 2018 & 2027 (%)
FIGURE 26. North America Passenger Cars Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 27. North America Lightweight Commercial Vehicle Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 28. North America HEavyweight Commercial Vehicle Market Revenue and Forecasts to 2027 (US$ mn)
FIGURE 29. North America automotive sensors Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 30. North America Automotive Sensors Market Breakdown by Key Countries, 2018 & 2027(%)
FIGURE 31. U.S. automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 32. canada automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
FIGURE 33. mexico automotive Sensors Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- ANALOG Devices Inc.
- Continental AG
- DELPHI TECHNOLOGIES PLC
- Denso Corporation
- Infineon Technologies
- Melexis
- NXP Semiconductors NV
- ON Semiconductors
- Robert Bosch GmbH
- Texas Instruments Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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