Automotive Sensor Market Research Report - Global Forecast To 2027

Automotive Sensors Market Research Report: Information By Sensors Type (Pressure, Temperature, Position, Motion, Optical, Torque, Gas, Level and other Sensors), Technology (Micro-Electro-Mechanical Systems (MEMS), Non-Electro-Mechanical Systems (NON-MEMS) and Nano-Electro-Mechanical Systems (NEMS)), Vehicle Type (Conventional Fuel Cars, Alternative Fuel Car and Heavy Vehicles) - Forecast till 2027

ID: MRFR/AM/0305-CR | February 2020 | Region: Global | 88 Pages         

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Automotive Sensor Market

Market Research Future (MRFR) presumes the global automotive sensor market size to grow at a CAGR of 9.2% from 2020 to 2027

Segmentation
By Sensors Type Pressure Temperature Position Motion Optical Torque Gas Level other Sensors
By Technology Micro-Electro-Mechanical Systems (MEMS) Non-Electro-Mechanical Systems (NON-MEMS) Nano-Electro-Mechanical Systems (NEMS)
By Vehicle Type Conventional Fuel Cars Alternative Fuel Car Heavy Vehicles
Key Players
Companies Profiled   Bosch Sensortec GmbH    Analog Devices Inc.    Avago Technologies    Hella KGaA Hueck & Co.    TRW Automotive    Continental AG    CTS Corporation    Delphi Automotive    Denso Corporation    Freescale Semiconductor Holdings Ltd    GE Measurement & Control Solutions    Gill Sensors & Controls    Infineon Technologies    Micronas Semiconductor INC    Murata Manufacturing Co. Ltd    NGK Spark Plugs Co. Ltd    NXP Semiconductors    Panasonic Corporation    Sensata Technologies    Stoneridge Inc.    Takata Corporation    Vishay Intertechnology.
Drivers
Market Driving Forces   Growing use of alternative fuels    Vehicles will help reduce fuel costs of consumers    Increase the energy security of nations    Use of alternative fuel cars
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Automotive Sensor Market Overview


Automotive sensor market size to grow at a CAGR of 9.2% from 2020 to 2027 (forecast period)


Market Research Future (MRFR) presumes the global automotive sensor market size to grow at a CAGR of 9.2% from 2020 to 2027 (forecast period). Increased global production of motor vehicles, increased demand for vehicle electrification, the formulation of stringent government regulations related to emissions, and increased consumer demand for vehicle safety and comfort are major factors propelling the growth of the automotive sensor industry.


COVID-19 Impact on the Global Automotive Sensor Market


COVID-19 has had a serious impact on the global market for automotive sensors. This has been seen in terms of delays in the export of Chinese parts, large-scale manufacturing interruptions in manufacturing throughout Europe, and the closure of assembly plants in the US. The extent of effect depends on the impact of COVID-19 and the government's decision on the lockdown. 2019 was not beneficial for the automotive industry, and now COVID-19 may have had an effect on various M&A, collaborations, partnerships, and R&D activities. Vehicle production is expected to have a significant effect due to supply shortages and production suspensions. The demand for new vehicles in pandemic-affected nations is unlikely due to the lockdowns in effect. Due these factors, the market for automotive sensor is expected to decline significantly in the near future.


Key Players


The key players in the global automotive sensor market are Bosch Sensortec GmbH, Analog Devices Inc., Avago Technologies, Hella KGaA Hueck & Co., TRW Automotive, Continental AG, CTS Corporation, Delphi Automotive, Denso Corporation, Freescale Semiconductor Holdings Ltd, GE Measurement & Control Solutions, Gill Sensors & Controls, Infineon Technologies, Micronas Semiconductor INC, Murata Manufacturing Co. Ltd, NGK Spark Plugs Co. Ltd, NXP Semiconductors, Panasonic Corporation, Sensata Technologies, Stoneridge Inc., Takata Corporation, and Vishay Intertechnology.


Market Dynamics


Drivers


Growing use of alternative fuel vehicles


An alternative fuel vehicle is a vehicle that uses fuel other than conventional petroleum fuels, like petrol or diesel. Alternative fuel vehicle often refers to any technology used to power an engine that does not use petroleum (e.g., electric vehicles, hybrid electric vehicles, solar-powered vehicles). Growing use of alternative fuels and vehicles will help reduce fuel costs of consumers, mitigate emissions and increase the energy security of nations. The demand for Automotive sensors will increase dramatically with the use of alternative fuel cars. The introduction of emerging technologies and systems into vehicles has expanded the reach of electrification. The installation of ADAS systems has brought the use of sensors in vehicles to a new level. The automotive industry has seen promising growth in vehicle electrification, particularly in transmission, climate control, powertrain, safety, and exhaust. Installation of such systems in passenger cars has increased over the years, driven by increasing economic status and evolving customer preferences for improved safety standards and comfort, and by the introduction of advanced technologies like anti-lock braking system (ABS), EBD, airbags, and traction control. The demand for sensors has therefore also increased in the segment of passenger cars.


Restraints


Low preference for diesel cars


Rising pollution has been a critical factor in the global drop in diesel sales. Air quality issues and tax changes have led to a substantial drop in diesel vehicle sales, which has contributed significantly to the worldwide decline in new car registrations. In addition, auto manufacturers will have to pay a higher fine in the European region if their fleet violates controlled pollution limits that are expected to be stricter. Diesel passenger cars have a low sales rate in the passenger car segment in all regions except Europe. This situation is largely different in other countries, such as North America and the Asia Pacific, where gasoline engines lead the passenger car market. The low preference for diesel engine vehicles is, therefore, a limiting factor for the automotive sensor market.


Market Segmentation


Global Automotive Sensor Industry has been segmented based on Sensor Type, Technology, and Application. 


By sensor type, the pressure sensor segment to witness significant growth


In 2018, the pressure sensor segment was projected to see a substantial increase in value during the projected period due to the increasing demand in the automobile powertrain for various control and sensing applications such as turbochargers, fuel injection, and oil pressure sensor. Moreover, the increasing demand for image sensors, cameras, and radar-based sensors in advanced vehicles, like autonomous cars and electric cars, is responsible for the growth of the sensor position in the global market.


By technology, the micro-electromechanical systems (MEMS) segment to witness substantial rise


The segment for micro-electromechanical systems (MEMS) is expected to see a substantial increase in value over the projected period due to the increasing use of MEMS devices in an automobile for passenger safety applications, including airbags, tire pressure monitoring (TPMS), vehicle dynamics control (VDC), and roll over detection systems.


By application, the conventional fuel car segment to dominate the market


The conventional fuel car segment is anticipated to be dominant during the forecast period due to the increasing demand for technological advances, higher functionality, and safety features in conventional vehicles


Regional Analysis


APAC to lead the global market


The automotive industry in APAC has been very competitive over the last few years due to the rising per capita income of the middle-class population and the cost advantages for the original equipment manufacturers (OEMs). The region is known for manufacturing compact and cost-effective cars and includes some of the fastest-growing economies in the world like China and India. APAC is expected to be the largest automobile market in the world from 2020 to 2027. The growth of the automotive sensor market in APAC can be attributed to the increasing population and rising income levels, which have resulted in increased demand for automobiles. The automotive sensor market in APAC has considerable growth potential due to low automotive production costs, easy availability of economic labor, lenient emission and safety requirements and government initiatives to encourage foreign direct investment (FDIs). The increase in vehicle production levels is followed by an increasing customer preference for comfort, safety, and luxury, which is anticipated to drive the demand for Automotive sensor in APAC


Competitive Landscape 


The global automotive sensor market is highly competitive, with key industry players following a range of strategies, such as product developments, acquisitions, and partnerships. Most of the companies in the market are focused on expanding operations across continents, enhancing their manufacturing capability, and developing and maintaining strong partnerships.


Recent Developments


In April 2020, Infineon absorbed Cypress Semiconductor, a leader in the semiconductor industry. With this acquisition, Infineon is expected to expand its automotive semiconductor offerings.


In January 2020, Bosch began to develop a long-range LiDAR suitable for automotive use. This LiDAR can be used for autonomous driving. 


Report Overview


This research report examines vital factors, restraints, and challenges in the global automotive sensor market, regional and segment revenue estimates, and evaluations. The base year is 2019; the prediction period is 2020-2027. The segmentation of the market is described in the following manner.


Segmentation Table


By Sensor Type



  • Pressure

  • Temperature

  • Position

  • Motion

  • Optical

  • Torque

  • Gas

  • Level

  • Other sensors


By Technology



  • Micro-electro-mechanical systems (MEMS)

  • Non-electro-mechanical systems (non-MEMS)

  • Nano-electro-mechanical systems (NEMS)


By Vehicle Type



  • Conventional fuel cars

  • Alternative fuel car

  • Heavy vehicles



Report Scope:

Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   9.2% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   201
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By sensor┬átype, By technology, By application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bosch Sensortec GmbH, Analog Devices Inc., Avago Technologies, Hella KGaA Hueck & Co., TRW Automotive, Continental AG, CTS Corporation, Delphi Automotive, Denso Corporation, Freescale Semiconductor Holdings Ltd, GE Measurement & Control Solutions, Gill Sensors & Controls, Infineon Technologies, Micronas Semiconductor INC, Murata Manufacturing Co. Ltd, NGK Spark Plugs Co. Ltd, NXP Semiconductors, Panasonic Corporation, Sensata Technologies, Stoneridge Inc., Takata Corporation, and Vishay Intertechnology.
  Key Market Opportunities

  • Evolving customer preferences
  • Improved safety standards and comfort
  •   Key Market Drivers

  • Growing use of alternative fuels
  • Vehicles will help reduce fuel costs of consumers
  • Increase the energy security of nations
  • Use of alternative fuel cars


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    Frequently Asked Questions (FAQ) :

    The market holds the potential to achieve a CAGR of 9.2% in the coming years.

    The growth impacting companies in the market include Gill sensors & controls (UK), Analog Devices Inc. (US), Denso Corporation (Japan), Delphi automobile (UK), Bourns (CA), CTS Corporation (US), Avago Technologies (CA), Bosch Sensortec (Germany), and others.

    The market can show steady growth by 2027, on account of rapid technological advancements combined with the increasing disposable income among consumers all over the world.

    The sensor types are Motion, Optical, Temperature, Gas, Pressure, and others.

    Within the automotive industry, consumer preferences are constantly evolving. All over the world, there is a high demand for factors like high efficiency, high performance, security and increased safety, for various automotive applications.

    Companies like BMW, Volkswagen, Ford and Toyota are entering the developing markets for business expansion.

    India, China, Japan and South Korea are the leading markets in APAC.