The Global Automotive Sensors Market is estimated to reach USD 42.6 Billion by 2025 at a CAGR of 7.3 %, says forencis research (FSR).
Sensors are a device that is used to detect any changes in quantities or events like force, pressure or any other form of energy and transfers it as an optical or electric signal to the specific component. In the automotive sector, sensors are an essential part of the vehicle, which are installed to increase vehicle performance, safety, and reliability of the passengers. It is also used for lowering fuel consumption and helps in reducing the onboard weight of the vehicle. Sensors such as pressure sensors, speed sensors, temperature sensors, NOX sensors, and safety sensors among other sensors are used in the vehicles to boost passenger safety.
Market Drivers:
Safety is a primary requirement in the automotive sector. Any safety or security failures may result in severe injury or loss of life. Advanced Driver Assistance Systems (ADAS) is built in a variety of high-tech sensors. This technology helps in preventing sudden jerks and reducing the number of injuries and deaths related to an accident. Rising vehicle accidents worldwide is driving the demand for automotive safety & security. To avoid this, International Standards, International Organization for Standardization (ISO 26262), and Society of Automotive Engineers (SAE J3061) have come up with strict vehicle safety and security standards.
Hence, the rise in demand for safety & security is expected to drive the automotive sensors market during the forecast period.
Automotive manufacturers are engaged in developing innovative technologies that would provide better connectivity solutions. The development of innovative technologies is an outcome of the growing demand for luxurious and smart vehicles. Rise in demand for electric and autonomous vehicles has boosted the demand for electric systems. As per the data shared by the Edison Electric Institute, in 2018, the total sales of electric vehicles in the United States raised 81%, when compared to 2017. Thus, the growing adoption of electric vehicles has expected to drive the automotive sensors market during the forecast period.
Market Restraints:
The demand for automotive sensors moves up and down in variation with the prices. The presence of a large number of players affects the pricing of automotive sensors which increases the market competition in terms of the product cost. This results in pricing pressure on prominent players to deliver efficient products at a lower cost. Thus, the price of automotive sensors is depended on consumer buying behavior which may affect market growth.
The report on the automotive sensors market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2025 (2020 estimated year, forecasted up to 2025) |
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Measured Units |
Value (USD Million), Volume (Units) |
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Segments Included |
Sensors Type, Application, Vehicle Type, Sales Channel, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Rest of the World |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Automotive Sensors Market, by Sensor Type
Automotive Sensors Market, by Application
Automotive Sensors Market, by Vehicle Type
Automotive Sensors Market, by Sales Channel
Automotive Sensors Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rise in Demand for Safety and Security
4.2.2. Growing adoption of Electric Vehicles
4.3 Restraints
4.3.1 Cost Competitive Market
4.4 Opportunities
4.4.1 Growing Market of Autonomous and Semi-Autonomous Vehicles
4.4.2 Rising demand for ADAS System
4.5 Challenges
4.5.1 Sustaining the Balance Between Cost and Quality of Sensors
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE SENSORS MARKET BY SENSOR TYPE, Market Size in USD Million and Units (2018—2025)
6.1 Introduction
6.2 Speed sensors
6.2.1 Wheel Speed Sensors
6.2.2 Speedometers
6.2.3 LIDAR
6.2.4 Ground Speed Radar
6.2.5 Others
6.3 Pressure Sensors
6.3.1 Air Conditioning Pressure Sensor
6.3.2 Fuel Pressure Sensor
6.3.3 Oil Pressure Sensor
6.3.4 Manifold Pressure Sensor
6.3.5 Others
6.4 Temperature Sensors
6.5 Safety Sensors
6.6 Humidity Sensors
6.7 Magnetic Sensors
6.8 Oxygen Sensors
6.9 Position Sensors
6.10 NOx Sensors
6.11 Micro-Electro-Mechanical System (MEMS) Sensors
6.12 Others
7 AUTOMOTIVE SENSORS MARKET BY APPLICATION, Market Size in USD Million and Units (2018—2025)
7.1 Introduction
7.2 Engine
7.3 Powertrain
7.4 Body
7.5 Brakes
7.6 Chassis
7.7 Transmission
7.8 Clutch
7.9 Safety and Control Systems
7.10 Others
8 AUTOMOTIVE SENSORS MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2018—2025)
8.1 Introduction
8.2 Internal Combustion Engine (ICE)
8.3 Electric Vehicles (EVs)
8.3.1 Battery Electric Vehicles (BEVs)
8.3.2 Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.3 Hybrid Electric Vehicles (HEVs)
8.3.4 Fuel Cell Electric Vehicles (FCEV)
8.4 Others
9 AUTOMOTIVE SENSORS MARKET BY SALES CHANNEL, Market Size in USD Million and Units (2018—2025)
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket
10 AUTOMOTIVE SENSORS MARKET BY REGION, Market Size in USD Million and Units (2018—2025)
10.1 North America
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 UK
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Norway
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Rest of the World
10.4.1 Middle East & Africa
10.4.2 South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 Robert Bosch GmbH
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 Continental AG
12.3 Denso Corporation
12.4 Aptiv PLC
12.5 Sensata Technologies
12.6 Infineon Technologies AG
12.7 Autoliv Inc.
12.8 TE Connectivity Ltd
12.9 ZF Friedrichshafen AG
12.10 STMicroelectronics N.V.
12.11 Others
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
