Global Automotive Sensors Market size is projected to be valued $39.8 Billion by 2024; with a CAGR of 7.1% from 2017 to 2025. In the automotive electronic system, sensors are important component for accurately operating the physical equipment to measure, detect, and transform information to control automotive equipment. Increased production of vehicles with sensor based facilities such as, anti-locking braking systems, engine emissions control, and lighting control systems would show an increased automotive sensors market trend in the future years.
Increasing growth of wireless sensing in automotive application and rising demand for automotive sensors in electric power steering application are the factors supporting the growth of the market. Moreover, growing use of ADAS application also fuel the growth of the market. However, high-cost pressure on OEMs may hinder the market. Additionally, technological advancement in automotive sensors would provide several growth opportunities for the market in the future years.
The global automotive sensors market has been segmented into type, component, and geography. By type, the segment is bifurcated as gas sensor, motion sensor, MEMS sensor, pressure sensor, and temperature sensor. Component is further classified as chassis, body electronics, powertrain, and safety & security.
Based on geographical analysis, automotive sensors market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. While, Rest of the world covers South America, The Middle East, and Africa.
The major players in the global automotive sensors market are Robert Bosch GmbH, DENSO Corporation, Delphi Automotive PLC, Continental AG, Analog Devices, Inc., Hitachi Appliances Inc., Autoliv Inc., Infineon Technologies AG, Sensata Technologies, Inc., and STMicroelectronics, among others.
The report covers
The detailed analysis of Automotive Sensors Market with respect to key segments such as type and application has been included in the report
The report comprises the qualitative and quantitative analysis of the market with market estimation over 2016 – 2025 and CAGR between 2017 and 2025
Comprehensive analysis of market dynamics including growth factors, restraining factors and opportunities will be provided in the report
An exhaustive regional and country wise analysis of Automotive Sensors Market has been covered in the report
Profile of the major key players operating in the Automotive Sensors Market will be provided, with detailed study on their key financials, product & services, new developments and business strategies
Scope of the Global Automotive Sensors Market
Safety & Security