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Automotive Sensors - Global Market Trajectory & Analytics

  • ID: 834987
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Allegro MicroSystems LLC
  • Continental AG
  • Denso Corporation
  • Kistler Group
  • Novotechnik
  • Robert Bosch GmbH
  • MORE
Global Automotive Sensors Market to Reach $25.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Sensors estimated at US$21.4 Billion in the year 2020, is projected to reach a revised size of US$25.4 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027. Engine & Transmission, one of the segments analyzed in the report, is projected to record a 2.3% CAGR and reach US$10.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Safety & Security segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 4.6% CAGR

The Automotive Sensors market in the U.S. is estimated at US$5.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Chassis Segment to Record 1.6% CAGR

In the global Chassis segment, USA, Canada, Japan, China and Europe will drive the 1.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2027, while Latin America will expand at a 2.3% CAGR through the analysis period.

Select Competitors (Total 90 Featured):
  • Allegro MicroSystems LLC
  • Analog Devices, Inc.
  • Bourns, Inc.
  • Continental AG
  • CTS Corporation
  • Delphi Technologies
  • Denso Corporation
  • Hella KGaA Hueck & Co.
  • Hitachi Automotive Systems, Ltd.
  • Infineon Technologies AG
  • Kistler Group
  • Melexis NV
  • Micralyne, Inc.
  • NGK Spark Plugs (U.S.A.), Inc.
  • Novotechnik
  • NXP Semiconductors N.V.
  • Omron Corporation
  • OSRAM Opto Semiconductors GmbH
  • Robert Bosch GmbH
  • Sensata Technologies
  • SSI Technologies, Inc.
  • TDK-Micronas GmbH
  • TT Electronics Plc
  • Valeo S.A.
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Allegro MicroSystems LLC
  • Continental AG
  • Denso Corporation
  • Kistler Group
  • Novotechnik
  • Robert Bosch GmbH
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • The Changing Face of the Automotive Industry: A Prelude
  • Recent Market Activity
  • Advancements in Vehicular Technology
  • Automotive Sensors - A Market Overview
  • Major Application Areas for Automotive Sensors
  • Automotive Steering Sensors Market: An Overview
  • Collision Avoidance Sensors Market - An Overview
  • Automotive Pressure Sensors - An Insight
  • Automotive Temperature Sensors - An Overview
  • Sensors for Self-Driving Vehicles
  • A Review of Long-Standing Demand Drivers for Automotive Sensors
  • Global Automotive Production Trends
  • Global Economic Conditions
  • Growth in Number of Electronic Components per Vehicle
  • Impact of Exogenous Factors
  • Middle Class Population: An Indirect Growth Driver for Automotive Sensors
  • Relatively STable Economic Scenario to Extend Growth Opportunities
  • Outlook
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Allegro MicroSystems LLC (USA)
  • Analog Devices, Inc. (USA)
  • Bourns, Inc. (USA)
  • CASCO (Germany)
  • Continental AG (Germany)
  • CTS Corporation (USA)
  • Delphi Technologies (USA)
  • Denso Corporation (Japan)
  • Hella KGaA Hueck & Co. (Germany)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • Infineon Technologies AG (Germany)
  • Kistler Group (Switzerland)
  • Melexis NV (Belgium)
  • Micralyne, Inc. (USA)
  • NGK Spark Plugs (U.S.A.), Inc. (USA)
  • Novotechnik U.S., Inc. (USA)
  • NXP Semiconductors N.V. (The Netherlands)
  • Omron Corporation (Japan)
  • OSRAM Opto Semiconductors GmbH (Germany)
  • Robert Bosch GmbH (Germany)
  • Sensata Technologies (USA)
  • SSI Technologies, Inc. (USA)
  • TDK-Micronas GmbH (Germany)
  • TT Electronics Plc (UK)
  • Valeo S.A. (France)
  • ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Government Initiatives and Technologies Making Roads Safer
  • Sensor Manufacturing Continues to Move to Low Cost Countries
  • Miniaturization Ruling the Roost in the Automotive Sensors Market
  • Automotives Propel CMOS Image Sensors
  • Sensor Innovations to Transform Automotive Sector
  • Significance of Automotive Sensors
  • R&D and Innovation
  • Emerging Trends in Automotive Position Sensor Market
  • Growth Factors
  • MEMS Sensors Market - Making Rapid Inroads into the Automotive Market
  • Dynamics of the Automotive MEMS Sensor Market
  • Hall Effect ICs Dominate the Automotive Magnetic Sensor Market
  • Rise in Vehicle Sales & Production to Sustain Demand for Automotive Sensors
  • Basic Products - the Choice in Developing Markets
  • Developed Markets Continue to Lap up Advanced Sensor Technologies
  • Sensors Designed for Powertrain Applications - Traditional Revenue Contributors
  • Increasing Use of On-Board Vehicle Health Monitoring & Diagnostic Systems Drives Growth
  • ESC & ABS Become Standard - Drive Demand for Sensors in Chassis Applications
  • TPMS Grows in Prominence - Drives Demand for TPMS Sensors
  • Safety Technologies on the Rise - Boost Demand for Automotive Sensors
  • Use of Sensors in Futuristic Smart Safety Systems
  • Airbags - A Key Safety Application Area
  • Opportunity Indicators
  • Growing Adoption of Adaptive Cruise Control Systems Augurs Well for the Market
  • Automotive OEMs Continue to Evince in ADAS Integration
  • Radar Based ADAS Systems Remain Reliable & Accurate Option
  • Image Based Sensors - The Cost Effective Option
  • Growing Incorporation of Vehicle Security Applications to Boost Demand for Automotive Sensors
  • Growing Demand for Comfort & Convenience to Boost Robust Demand for Sensors in Body Electronics Segment
  • Intelligent Wiper Systems to Drive Demand for Sensors
  • Opportunity Indicator
  • Intelligent Headlights Rise in Popularity - To Boost Demand for Sensors
  • Fuel Efficiency & Emission Control Drive Demand for Automotive Sensors
  • Regulatory Mandates Fuel Growth in Automotive Sensors Market
  • Favorable Government Regulatory Support Benefits Market Growth for ADAS
  • OEM Focus on Product Differentiation Drives Demand for Automotive Sensors
  • Innovative Powertrain & Transmission Technologies Offer Lucrative Opportunities
  • Automotive Haptics Offer Opportunities for Automotive Sensors
  • Thrust towards Autonomous & Semi-Autonomous Automobiles to Fuel Growth
  • Cost Effective Sensors to Encourage Commercialization of Autonomous Vehicles
  • Integrated Systems Fast Gaining Prominence
  • Sensor Fusion Becomes Order of The Day for Modern Automotive Platforms
  • Modularization Gains Prominence among Sensor Manufacturers
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 90
Note: Product cover images may vary from those shown
  • Allegro MicroSystems LLC
  • Analog Devices, Inc.
  • Bourns, Inc.
  • Continental AG
  • CTS Corporation
  • Delphi Technologies
  • Denso Corporation
  • Hella KGaA Hueck & Co.
  • Hitachi Automotive Systems, Ltd.
  • Infineon Technologies AG
  • Kistler Group
  • Melexis NV
  • Micralyne, Inc.
  • NGK Spark Plugs (U.S.A.), Inc.
  • Novotechnik
  • NXP Semiconductors N.V.
  • Omron Corporation
  • OSRAM Opto Semiconductors GmbH
  • Robert Bosch GmbH
  • Sensata Technologies
  • SSI Technologies, Inc.
  • TDK-Micronas GmbH
  • TT Electronics Plc
  • Valeo S.A.
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
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