Automotive Sensor Market by Type (Temperature Sensors, Pressure Sensors, Motion Sensors, Speed Sensors, and Gas Sensors) and Application (Powertrain, Chassis, Body Electronics, Safety & Security, and Telematics) Global Opportunity Analysis and Industry Forecast 2021–2027

Global Automotive Sensor Market was valued at $24.65 billion in 2019, and is expected to reach $52.25 billion by 2027, registering a CAGR of 9.85% from 2021 to 2027.

The Automotive Sensors Have become essential to keep track of every almost every aspect of a vehicle furthermore, sensors play in ensuring comfort, safety and security and due to immense improvement in technology vehicles are getting more and more number of sensors. Sensors detect temperature, speed, pressure, electric current, light, crash etc. and as the conditions changes they give output accordingly moreover, the user comes to know whether all the components of his vehicles are working properly or not, and if there is any issue in any component of the car it warns the user by showing different signals. Temperature sensor detects the temperature of engine, oil and even cabin temperature while, pressure sensors are used for TPMS (Tyre Pressure Monitoring System) to show real time tyre pressure also motion sensors are used to sense the motion for example these sensors make the air bag deploy by sensing the crash, speed sensors are used to measure the real time speed of the car, while gas sensors are used to decide air and fuel ratio.

Day to day, Sensors are becoming one of the most important part of the vehicles and with the improvement in technologies the sensors are becoming more accurate and there are sensors for almost every component of the vehicle.In support of these the ever increasing number of vehicles and electrification of the vehicles gives this market a huge advantage of growth. The manufactures now a days are focusing on making smart sensors, these sensors help in saving fuel, safety of the passengers, also the give real time information i.e. if there is failure in any part of the vehicle and sensing of a crash or hard braking. The advancement of the sensors have made the driving far more easier and comfortable such as Tyre Pressure Monitoring System (TPMS) allows driver to see whether the tyres are having correct air pressure. Moreover, smart cruise control allows driver to keep the constant speed, even if there is any obstacle it automatically brakes and gains the same speed and even follows the lane. In future the cars are going to be driverless and hence all the activities will be controlled by sensors and hence there is huge scope of growth in Automotive Sensors Market. However, for developing sensors it needs a lots of capital as the development cost is higher and the R&D demands investment for further development and improvement in sensors such reasons may impact the automotive sensors market.

Conversely, Sensors are essential parts of a vehicle also ever increasing numbers of vehicles and strict government laws towards emissions gives manufacturers a huge opportunity to conquer the market. Moreover, advance driver assistance system, customer demands towards high safety and comfort anddevelopment in driverless or autonomous vehicles gives growth opportunity for Automotive Sensors Market.

Segment Insight:

The Automotive Sensor Market is segmented based on Type, Application and Region. Based on Type it is classified into temperature sensors, pressure sensors, motion sensors, speed sensors, and gas sensors. Based on Application they are classified into powertrain, chassis, body electronics, safety & security, and telematics.

By Type Insight:

The Automotive Sensor Market is segmented by type into temperature sensors, pressure sensors, motion sensors, speed sensors, and gas sensors. The motion sensor would hold the highest market share in future.

By Application Type Insight:

The Automotive Sensor Market is segmented by application into powertrain, chassis, body electronics, safety & security, and telematics. The telematics is projected to hold highest market share.

Major Key Players of Automotive Sensors Market:

The Report Provides a comprehensive analysis of the Key Players Operating in The Automotive Sensors Market, such as Robert Bosch, DENSO Corporation, AUTOLIV INC, Continental AG, Valeo, Delphi Automotive Company, Sensata Technologies, NXP Semiconductor, STMicroelectronics N.V, and Infineon Technologies AG.

Most of the Key Players in Automotive Sensors Market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Automotive Sensors Market Key Segments:

By Type

• Temperature sensors
• Pressure sensors
• Motion sensors
• Speed sensors
• Gas sensors

By Application Type

• Powertrain
• Chassis
• body electronics
• safety & security
• telematics

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Argentina
  • Turkey
  • South Africa