According to “Automotive Sensors Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Automotive Sensors Market to grow at 5.23% CAGR and reach $35 Billion by 2025. Automotive Sensors Industry 2019 Report Segments Market for Automotive Sensors 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) and Region.
Global Automotive Sensors Key Players Analyzed in Report –
Players leading the global Automotive Sensors market include Broadcom Limited (US), Analog Devices Inc. (US), Bosch Sensortech GmBH (Germany), Delphi Automotive LLP (UK), Bourns Inc. (US), Denso Corporation (Japan), STMicroelectronics (Switzerland), GE Measurement & Control Solutions (US), Infineon Technologies AG (Germany), Micronas Semiconductor Inc. (Switzerland), Continental AG (Germany), Panasonic Corporation (Japan), TRW Automotive Inc. (US), Sensata Technologies (US), and Vishay Intertechnology, Inc. (US), among others.
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Global Market Highlights:
Gas Insulated transformers are eco-friendly, non-explosive and non-flammable it is widely adopted by underground stations and places where there is scarcity of space. The Global Automotive Sensors Market has been mainly benefiting from the changing paradigms in government regulations and end-user’s perspective towards enhanced safety in automobiles. Despite a turbulence caused by the global economic slowdown of 2008, the automotive market has been able to gain back the pre-crisis annual growth rate by 2014. With several driving trends such as miniaturization, growing urban population, increasing environment concerns, and rising disposable income of the middle-class population, the global automotive sensor market is poised to grow at an estimated CAGR of 9.2% through the forecast period.
The Automotive Sensors market is growing briskly; mainly due to the increasing population with high disposable income. The market is predominantly led by the demand for smarter systems from the growing number of end-users. Growing concern for the security of vehicle & occupants and environment safety is an important factor promoting the growth of the market.
The Automotive Sensor market is completely dependent on the automotive industry. Thus, the increasing or decreasing demand of the automotive industry directly has an impact on the Automotive Sensor market. The total four-wheeler production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2020. This results as a primary factor driving the Automotive Sensor market as the interiors of automobiles have gained prevalence in recent times with technological development and rapidly increasing disposable income among the consumers. Thus, the growth of the Automotive Sensor is expected to go hand in hand with the automotive industry.
Growing urbanization and improving economic conditions are fostering the growth of the market. Moreover, increasing usage of sensors in ADAS application, development of advanced magnetics position sensor in electronic power steering application, the advancement of the silicon-based sensor, and development of wireless sensing for automotive use are providing impetus to the Automotive Sensors market.
Market Segments Analysis:
The global automotive sensor market has been segmented based on sensor type, technology, application, and region.
Based on sensor type, the market has been bifurcated into pressure, temperature, position, motion, optical, torque, gas, level, and other sensors. In 2018, the pressure sensor segment was projected to witness significant growth in terms of value during the forecast period due to growing demand in the powertrain of the automobile for various control and sensing applications like turbocharger, fuel injection, and oil pressure sensor. Furthermore, growing demand for image sensors, camera and radar-based sensors in advanced vehicles such as autonomous cars and electric cars are likely to drive the growth of the position sensor segment in the global market.
On the basis of technology, the global market has been divided into micro-electro-mechanical systems (MEMS), non-electro-mechanical systems (NON-MEMS), nano-electro-mechanical systems (NEMS). In 2018, the micro-electro-mechanical systems (MEMS) segment is projected to witness a significant growth in terms of value during the forecast period due to the growing uses of MEMS devices in an automobile for passenger safety applications which include airbag system, tire pressure monitoring system (TPMS), vehicle dynamics control (VDC) system, and roll over detection system.
Based on application, the global market for Automotive Sensors has been segregated into conventional fuel cars, alternative fuel car, and heavy vehicles. The conventional fuel cars segment is expected to be dominant throughout the forecast period due to the growing demand for technological advancements, higher functionality design, and safety features in conventional vehicles.
Regional Market Insights:
The Asia Pacific is expected to remain the largest region in the global Automotive Sensors market, mainly due to the huge uptake by convincing car designers to upgrade the safety provision in vehicles. Stringent government regulations for safety are favouring the growth of the market. Moreover, high vehicle production, the continuous implementation of regulations on fuel emission, and the increasing number of sensors per vehicle are some of the key factors driving the regional market.
The rest of the world includes regions such as Africa, the Middle East, and South America. Africa has emerged as one of the fastest-growing automotive markets globally, with countries such as Nigeria spending millions on import of different vehicle types from the US, Canada, and Europe countries such as Germany, the UK, and France. The key drivers attributing to the growth of the market in this segment are growing population, rapid urbanization, growing economies, rising disposable incomes, and changing living standards.
The Automotive Sensors market in Europe and Rest-of-the-World are expected to witness significant growth over the forecast period because of the stringent government regulations on fuel emission and safety of vehicles. Also, a strong recovery in vehicle production & sales along with the continuous demand for safety and comfort features propel the growth of the market in these regions.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3. Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Supply Chain Analysis
4. Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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