1. Market Research
  2. > Manufacturing
  3. > Electronic Component Market Trends
Automotive Sensors Market with COVID-19 Impact Analysis by Sales Channel, Type, Vehicle Type, Application, Region - Global Forecast to 2026

Automotive Sensors Market with COVID-19 Impact Analysis by Sales Channel, Type, Vehicle Type, Application, Region - Global Forecast to 2026

  • January 2022
  • 277 pages
  • ID: 5006192
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global automotive sensors market was valued at USD 24.3 billion in 2020 and is estimated to reach USD 47.5 billion by 2026, registering a CAGR of 13.6% during the forecast period. Growing inclination of consumers toward alternative fuel vehicles to reduce GHG emissions, surging consumer demand for vehicle safety, security, and comfort, and rising adoption of autonomous vehicles has led to tremendous innovations in automotive industry are the major driving factors for the growth of the automotive sensors market.

"The market for the original equipment manufacturer (OEM) segment is expected to grow at the highest CAGR during the forecast period."
The market for the OEM segment is expected to grow at the highest CAGR during the forecast period.The key factors contributing to the growth of the segment is the rising demand for sensors in modern vehicles.

Sensors are an essential component in automotive systems for the safe, comfortable, and economic operation of vehicles. The extreme conditions in automotive applications such as heat, cold, or continuous vibrations create a high demand for sensors that are highly reliable and resilient.

"The market for the image sensors segment is expected to grow at the highest CAGR during the forecast period."
The image sensors segment is expected to grow at the highest CAGR during the forecast period.The high penetration of camera-based convenience features in luxury vehicles, rapid advances in digital technology used in the automotive industry, as well as rising concerns about vehicle safety and security among consumers.

In addition, companies present in the market are developing CMOS image sensors with high resolution and built-in artificial intelligence (AI) capabilities to create new revenue streams for them.

"The passenger car segment of the automotive sensors market is projected to record the highest CAGR during the forecast period."
The passenger car segment of the automotive sensors market is projected to record the highest CAGR during the forecast period owing to the significant demand and rising production of passenger cars across the world.
Passenger cars currently account for the largest shipment of the total automobile production worldwide.Sensors not only help improve the performance of the car but also enhance safety and reduce carbon emissions to a greater extent.

Rapid improvements in road infrastructure, easy availability of cheap labor, increased purchasing power of consumers, and high demand for safer vehicles have propelled the growth of the market for automobiles in emerging economies such as China, India, and Brazil.

"The powertrain systems application held the largest share of the automotive sensors market, and this trend is expected to continue during the forecast period."
The powertrain systems held the largest size of the automotive sensors market in 2020 and a similar trend is likely to be observed during the forecast period.Safety and control systems are expected to record the highest CAGR in the automotive sensors market during the forecast period.

The growth of the market for powertrain and safety and control systems can be attributed to the rising use of position, speed, gas, pressure, and temperature sensors in them.These sensors are required for the efficient performance of vehicles and safe rides.

Stringent regulations by governments regarding fuel efficiency and emission control accelerate the adoption of sensors in powertrain systems. Automotive sensors are used in exhaust systems to monitor and analyze the level of gases emitted through the vehicle.

"Based on region, Asia Pacific held the largest share in 2020 and is expected to account for the highest CAGR of the automotive sensors market by 2026."
In 2020, the automotive sensors market in Asia Pacific held the largest share and by 2026, it is expected to grow at the highest CAGR during the forecast period. The growth of the automotive sensors market in Asia Pacific is attributed to the factors such as the increasing use of electric vehicles and the growing adoption of advanced driver-assistance systems (ADAS) and autonomous cars owing to the stringent vehicle emission standards.

In-depth interviews have been conducted with chief executive officers (CEOs), marketing managers, and other executives from various key organizations operating in the automotive sensors marketplace.
• By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation: C-level Executives – 35%, Managers – 30%, and Others – 35%
• By Region: Europe – 40%, Asia Pacific – 33%, and North America – 27%

Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Infineon Technologies AG (Germany), BorgWarner, Inc. (US), Sensata Technologies (US), Allegro Microsystems, Inc. (US), Analog Devices, Inc. (US), ELMOS Semiconductor SE (Germany), Aptiv plc (Ireland), are some of the key players in the automotive sensors market.

The study includes an in-depth competitive analysis of these key players in the automotive sensors market, with their company profiles, recent developments, and key market strategies.

Research Coverage
The report defines, describes, and forecasts the automotive sensors market based on sales channel, sensors type, vehicle type, and region.It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the automotive sensors market.

It also analyzes product launches, collaborations, expansions, partnerships, agreements, acquisitions, joint ventures, and contracts, carried out by the key players to grow in the market.

Key Benefits of Buying the Report
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall automotive sensors market and the subsegments.The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Gas Sensor Market by Gas Type, Technology, Output Type, Product Type, Application and Region - Global Forecast to 2027

  • $ 4950
  • September 2022
  • 278 pages

The gas sensor market is projected to grow from USD 1.4Billion in 2022 to USD 2.1Billion by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. Increasing demand for miniaturized ...

  • World
  • APAC
  • Sensor
  • Industry analysis
  • Energy Consumption
  • Air Quality Index

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on