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"The automotive sensors market is expected to witness a market size of approximately USD 28 billion in 2020 and is expected to grow at a CAGR at 7.0 % during 2020-2028.”
The Government of various countries across the globe focuses on the demand for Safety sensors mostly in high-end luxury vehicles and sports utility vehicles. The implementation of automotive sensors increases the average age of passenger cars and other vehicles such as light commercial vehicles and heavy commercial vehicles. Some sensors also help to decrease the emission of exhaust gases & also help to improve the performance of automotive engines. There are several types of sensors integrated with automotive engines that ensure smooth ignition & combustion of fuel.
High production of passenger cars is expected to boost the adoption of Automotive Sensors.
Presently, passenger cars account for the maximum share of the total global automotive production across the globe. The automotive sensors in passenger cars improve the performance of cars, decrease the emission of fuel and enhance the safety feature of cars. The rise in demand for safety vehicles directly increases the demand for automotive sensors in emerging economies such as India, China, Japan, and Brazil. Production of automobiles is expected to be higher in emerging economies as compared to the developed economies. Due to the high purchasing power of consumers, the demand for automobiles with enhanced safety and advanced features is also increasing.
The demand for position sensors is expected to be high in the Automotive Sensors Market.
The position sensors segment, which is projected to be the largest size of the automotive sensors market in upcoming days. The position sensors are the devices that are used for position measurement in various automotive applications such as Safety and control, Powertrain, Chassis, and others. These sensors provide all the information to the Engine Control Module (ECM). ECM is a computer system that acts as the “Brain” of a car. The primary use of position Sensors includes Crankshaft position sensing (Carried out by NE Sensors), fuel level indicator and brake fuel indication, camshaft position sensing as well as throttle position sensing.
Growing demand for vehicle-based safety technology is boosting the demand for automotive sensors in passenger cars.
The emergence of Active safety technologies, including driver assistance, brake and passive safety, including occupant protection and pedestrian protection technologies are some of the technologies which are boosting the demand of automotive sensors in passenger cars. The demand for vehicle-based safety technologies in an automobile has increased as it prevents the occurrence of accidents. These factors are anticipated to fuel the demand for automotive sensors over the years ahead.
Increasing demand for safety features such as, impact sensors, advanced driver assistance system (ADAS), seat belt tension, anti-theft sensors, impact sensors, parking sensors, etc which is expected to create significant opportunities for the manufacturer of automotive sensors.
Key Market Players
Continental AG (Germany), Robert Bosch (Germany), Elmos Semiconductor (Germany), Infineon Technologies (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Sensata Technologies (US), Allegro Microsystem (US) and CTC Corporation (US) are of the key players in the automotive sensors market.
- Bosch is one of the leaders in the automotive sensors market and the company offers MEMS sensors (micro-electro-mechanical systems) which are widely used in various automotive applications. The company’s main focus is on innovation and new product development to sustain as a market leader in the automotive sensor market.
Automotive Sensors Market, by Sensor Type
- Pressure Sensors
- Position Sensors
- Temperature Sensors
- Oxygen Sensors
- Speed Sensors
- NOx Sensors
- Inertial Sensors:
- Image Sensors
- Charge-coupled Device (CCD)
- Complementary Metal Oxide Semiconductors (CMOS)
- Other Sensors
- Ultrasonic Sensors
- Relative Humidity Sensors
- Rain Sensors
- Proximity Sensors
- LiDAR Sensors
- Particulate Matter (PM) Sensors
Automotive Sensors Market, by Application
- Body Electronics
- Safety and Control
Automotive Sensors Market, by Vehicle Type
- Passenger Cars
- Heavy Commercial Vehicles (HCV)
- Light Commercial Vehicles (LCV)
Automotive Sensors Market, by Sales Channel
- Original Equipment Manufacturer (OEMs)
Automotive Sensors Market, by Region
- North America
- Asia Pacific (APAC)
- Middle East & Africa (ME&A)
- Latin America