Automotive Sensors Market Forecast Report 2020 – 2027 – Top Key Players Analysis

The GMI Research expects the automotive sensors market to expand at a significant rate. From a regional perspective, the Asia-Pacific is predicted to dominate the market due to the increasing automotive sector, along with the growing number of compact and cost-effective passenger car production. Developing countries like India, Japan, South Korea, and China will drive the market’s demand.

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Automotive Sensors Market Dynamics (including market size, share, trends, forecast, growth, and industry analysis)

Key Drivers

The strong demand for vehicle electrification, the increasing motor vehicle production across the world, and the rising demand of consumers for improved safety and comfort in vehicles are the major factors contributing to the growth of the automotive sensors market size. Moreover, the formulation of strict government regulations regarding emissions and the high demand for substitute fuel vehicles, including hybrid electric vehicles, electric vehicles, solar-powered vehicles due to the reduced pollution and enhanced energy security, will further be anticipated to stimulate the growth of the automotive sensors market share in terms of revenue.

The growing automation in the automotive sector is owing to the launch of electronic devices and the installation of transmission systems, safety systems, ADAS (advanced driver assistance systems), powertrain, climate control, and exhaust, and the presence of new technologies and systems, such as electronic brakeforce distribution (EBD), navigation system (GPS), airbags and traction control, tire pressure monitoring systems (TPMS), and anti-lock braking system (ABS) are some other drivers propelling the growth of the market. On the other edge of the spectrum, the factors hindering the growth of the market include the high development cost of automotive sensors and low sales volume of diesel passenger cars.

Sales Channel Segment Drivers

Based on the sales channel, the market is segmented into OEM and aftermarket. The original equipment manufacturer (OEM) segment is projected to lead the market due to the high adoption of various kinds of sensors in commercial vehicles and passenger cars. The continuous rise in the incorporation of safety systems in vehicles is further augmenting the growth of the market.

Automotive Sensors Market’s leading Manufacturers:

  • Robert Bosch GmbH
  • Continental AG
  • BorgWarner Inc.
  • Denso Corporation
  • Infineon Technologies AG
  • Sensata Technologies, Inc.
  • Allegro MicroSystem, LLC
  • Analog Devices, Inc.
  • Elmos Semiconductor SE
  • CTS Corporation

Automotive Sensors Market Segmentation:

Segmentation by Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Segmentation by Sensor Type:

  • Temperature Sensors
  • Pressure Sensors
  • Position Sensors
  • Oxygen Sensors
  • Nitrogen Oxide Sensors
  • Speed Sensors
  • Inertial Sensors
  • Image Sensors
  • Others Sensors

Segmentation by Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

Segmentation by Application:

  • Powertrain
  • Chassis
  • Exhaust
  • Safety & Control
  • Body Electronics
  • Telematics
  • Others

Segmentation by Region:

  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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