Government Initiatives for Safer Roads
According to the World Health Organization, more than 1.25 million people are killed in road accidents every year and about 50 million people get injured. For instance, major automakers have agreed to install automatic emergency braking systems in nearly all vehicles in the United States, by September 2022. Similarly, the EU Commission is considering introducing automatic braking system and making it mandatory for cars. As a result, the demand for automotive sensors is expected to increase.
Connected Vehicles and Advancements in Other Vehicular Technologies
Automated and connected vehicle technologies are among the most highly researched automotive technologies. Connected car devices essentially assist in monitoring vehicles and drivers. The devices also keep private automobile owners, as well as fleet managers updated about their vehicle’s performance on the fuel economy index, emissions, on-board diagnostics (OBD), vehicle maintenance, and recalls. Some devices also provide GPS tracking and real-time alerts. Connected vehicles could dramatically reduce the number of fatalities and serious injuries caused by accidents on roads and highways. The US Department of Transportation's (USDOT’s) Connected Vehicle program is working with state and local transportation agencies, vehicle and device makers, and the public, to test and evaluate technology that will enable cars, buses, trucks, trains, roads and other infrastructure, and smartphones and other devices, to communicate with one another. Other significant factors driving the market are - increasing vehicle production worldwide, stringent government regulations with respect to economy and emissions norms, increasing vehicle electrification, and growing demand for sensors, owing to convenience and comfort. The continuous innovations and investments in research and development, to meet the changing consumer preferences, have led to improved fabrication techniques and enhanced sensing abilities at lower costs, thereby driving market growth. The two significant trends for vehicles are - electrification and automation. There is a rapid integration of high-value sensing modules, such as RADAR, imaging, and LIDAR, in automotive systems. The advent of electrical vehicles is expected to significantly change the amount and the distribution of pressure and magnetic sensors within the car, over the long term. More electric cars implies fewer pressure sensors and a surge in magnetic sensors for battery monitoring and various positioning and detection of moving pieces.
Key Developments in the Market
- February 2018: Denso acquired a stake in Creationline, to strengthen its connectivity business.
- January 2018: Denso developed a new vision sensor for improved night driving safety.
- March 2017: Analog Devices completed the acquisition of Linear Technology.
- January 2017: ATT, Delphi, and Ford debuted V2X advanced vehicle communications.
Reasons to Purchase the Report
- The report analyses how the growing trend of electric vehicles is expected to impact the global automotive sensors market.
- Analyzing various perspectives of the market, with the help of Porter’s five forces analysis.
- The sensor type that is expected to dominate the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel)
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1.1. Research Methodology
1.2. General Study Assumptions
2. Research Methodology
2.2. Analysis Methodology
2.3. Study Assumptions
2.4. Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1. Current Market Scenario
4.2. Technology Trends
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power Of The Suppliers
4.3.2. Bargaining Power Of The Consumers
4.3.3. Threat Of New Entrants
4.3.4. Threat Of Substitute Products And Services
4.3.5. Competitive Rivalry Within The Industry
5. Market Dynamics
5.1.1. Stringent Government Regulations
5.1.2. Demand for Safety and Comfort
5.2.1. Nascent Aftermarket of Automotive Sensors
5.3.1. Development of Electric Vehicles and Autonomous cars
6. Global Automotive Sensors Market, Segmented By Type
7. Global Automotive Sensors Market, Segmented By Application
7.2. Body Electronics
7.3. Vehicle Security Systems
8. Global Automotive Sensors Market, Segmented By Vehicle Type
8.1. Passenger Vehicles
8.2. Commercial Vehicles
9. Global Automotive Sensors Market, Segmented By Geography
9.1. North America
9.1.1. The United States
9.2.4. Rest of Asia-Pacific
9.3.2. United Kingdom
9.3.4. Rest of Europe
9.4. Rest Of The World
9.4.2. South Africa
10. Competitive Landscape
10.2. Market Share Analysis
11. Company Profiles
11.1. Denso Corporation
11.2. Infineon Technologies
11.3. Robert Bosch GmbH
11.4. Texas Instruments Inc.
11.5. Sensata Technologies B.V.
11.6. Aptiv Plc (Delphi Automotive)
11.7. CTS Corporation
11.8. Maxim Integrated
11.9. NXP Semiconductors N.V.
11.10. Analog Devices Inc.
11.11. Continental Automotive AG
11.12. Littlefuse Inc.
11.13. HITACHI Automotive Systems Americas
12. Future Outlook
- Denso Corporation
- Infineon Technologies
- Robert Bosch GmbH
- Texas Instruments Inc.
- Sensata Technologies B.V.
- Aptiv Plc
- CTS Corporation
- Maxim Integrated
- NXP Semiconductors N.V.
- Analog Devices Inc.
- Continental Automotive AG
- Littlefuse Inc.
- HITACHI Automotive Systems Americas