Automotive Sensors Market 2018: Industry Size, Share, Growth, Historical Analysis, Company Profile, Development Strategy, Competitive Landscape and Opportunity Assessment by Forecast 2023

Market Research Future
Market Research Future published a research report on “Global Automotive Sensors Market Research Report – Forecast 2018 To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

Companies such as Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), are leading providers of the automotive sensors solution in the global market. On 04 January 2018, DENSO Corporation, one of the global leading automotive supplier went into partnership with FLOSFIA Inc. to develop a next-generation power semiconductor device. With this power semiconductor devices, the company is aiming to improve the efficiency of electrified vehicles power control units and reducing the energy loss, cost, size and weight of inverters used in electrified vehicles. These semiconductors have a wide bandgap and high electric breakdown field strength, that can easily withstand high voltage applications.

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The miniaturization and rising disposable income of middle class population are factors that drive the market growth of automotive sensors. The companies are offering various types of automotive and commercial vehicle sensors which is designed to monitor the passenger compartment, the vehicle’s powertrain, emissions, speed and suspension and others. There are a numbers of application included in the automotive sensors such as measure position, exhaust temperature, angular rate, pressure, torque, flexible fuel composition, long-range distance, and ambient gas concentrations, engine oil quality, short-range distance, and others. These applications are widely used among companies as it provides the highest flexibility to meet automotive supply and quality requirements of the customers. In October 26, 2017, Cypress Semiconductor Corp announced to help Denso Corp to its latest automotive stereo vision sensor for Advanced Driver Assistance Systems to improve vehicle safety. With these secsors which uses image processing techniques to detect obstacles on road.

Industry News

April 13, 2018 – Lidar which is one of the newest entrants in this market has ensured the market of the fact that it can mass produce a large number of automotive sensors at an effective price. This development is supposed to work in the favor of the market as the price is a major concern for the market as of right now.

Key Players

Some of the prominent players in the global Automotive Sensors Market are Analog Devices Inc. (U.S.), Broadcom Limited (U.S.), Bosch Sensortech GmBH (Germany), Bourns Inc. (U.S.), Delphi Automotive LLP (U.K), Denso Corporation (Japan), GE Measurement & Control Solutions (U.S.), STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), Continental AG (Germany), Micronas Semiconductor Inc. (Switzerland), Panasonic Corporation (Japan), Sensata Technologies (U.S.), TRW Automotive Inc. (U.S.), and Vishay Intertechnology, Inc. (U.S.) among others.

In-depth Segmental Analysis

The worldwide market for automotive sensors has been segmented into three equal divisions. All of these have particular sub-segments and they have been enlisted below:

  • Vehicle types – Heavy vehicle, low end, medium end, electrical vehicles, passenger car and high end vehicles. Passenger cars amount for the maximum number of shares with approximately 76%. Augmentation of infrastructure in countries across the globe, rise in the purchasing power of consumers and need for secure vehicles help this division in domination.
  • Sensor Types – Temperature sensors, NOx sensors, pressure sensors, image sensors, position sensors, O2 sensors, inertial sensors and speed sensors. Position sensors account for the largest market share in regards to this segment. The increased production of cars can be held responsible for the growth of this market.
  • By technology – Nano-Electro-Mechanical-Systems and Micro-Electro-Mechanical-Systems.

Comprehensive Regional Analysis

The automotive sensors market has a made a reputation for it across the globe over the years. The major regions where its presence can be predominantly felt are North America, Europe, Asia Pacific and Rest of the World.

The research report by Market Research Future states that Asia Pacific governs the market region-wise. It is because of the presence of countries like Japan, China and India. Population explosion, rise in annual income of the consumers, and infrastructure development tend to boost the expansion of the market in these regions.

Europe comes second in line after APAC, the development in this area is majorly driven by the higher demand for proficient and safe vehicles. It is anticipated that the European market will tread forward at an impressive CAGR during the projection period.

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Intended Audience

  • Automotive sensors companies
  • Automotive sensors providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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