Automotive Sensors Market Estimated to Reach USD 36.47 Billion by 2020

Automotive sensor market was dominated by Americas in year 2015 but is likely to be replaced by APAC region in future.
Increasing demand for safety and control features in the automotive and stricter emission norms to drive the automotive sensors market to $36.47 billion by 2020.

According to the market research report “Automotive Sensors Market Analysis – By Type (Pressure, Temperature, Speed, Oxygen, NOx, Position); By Application (Fuel Injection & Emission, Chassis, Engine, Powertrain, Safety, Telematics); By Vehicle Type – With Forecast (2015 – 2020)”, published by IndustryARC, the global automotive sensors market to reach $36.47 billion by 2020.

Browse 49 Market Tables, 75 Figures spread through 275 Pages and an in-depth TOC on “Automotive Sensors Market

Sensors are basically electronic devices that convert the physical input to electrical signal as output. Sensors play a significant role in automotive industries to automate activities and get an indication of the happenings such as speed limit, headlight adjustment and many more. Automotive sensors are primarily used to develop a centralized control system for the vehicle. It reduces the driver stress and increases the safety of both occupants and the vehicle.

Sensors in automotive are developed to make drive easy and safe. The safety systems include active safety systems and passive safety systems. Active systems include collision avoidance systems, vision systems, telematics and others whereas passive systems include inflation of airbags during emergency, anti-whiplash and similar other safety systems. The IndustryARC estimates a strong demand for automotive sensors between 2015 and 2020 facilitated by its rapid penetration with rising automotive manufacturing, need of safety and low emissions.

Sensors such as pressure sensors, position sensors, temperature sensors, speed sensors, MEMS sensors and others majorly find application in powertrain. With the implementation of Euro 6 standards each vehicle will require nearly 20 odd sensors per engine. The powertrain uses maximum number of sensors but the growth rate of sensors used for safety & control will be highest during the forecast period. The awareness of safety among the people and the laws related to environment and safety drive the market of automotive sensors. The sensor volume associated with safety sensors is assessed to 2,246.95 million units by 2020. According to such progression in safety & control sensors volume, its revenue will increase at a CAGR of 11.99%.

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Automotive Sensors – Advancing Telematics in Safety and Controls

Telematics is the fastest growing application of safety & control segment; Telematics is a crash-resistant black box which receives wireless information and processes the data using the fundamentals of telecommunication. The location based technology, vehicle monitoring system, entertainment and mobile communication together form application of telematics. It is used in all vehicle types such as cars, buses, and trucks. This system proves to be more beneficial for the fleet management. Besides the location tracing of the vehicle, telematics has the ability to record the mileage of the vehicles. The basic services provided by this system involve diagnostics, entertainment, information and navigation and safety and control. Out of these the safety and control is the prioritized service by the end-users. Use of telematics allows making an automatic call to the service center or any other emergency calls. Moreover, this facility also affects the insurers to increase customer acquisition, reduce claim cost and create new revenue streams.

American region is the biggest market for automotive sensors; however, APAC is likely to surpass America by 2018. APAC market volume is forecast to grow at a CAGR of 17.06% through 2015-2020. The European market expected to grow at a CAGR of 15.58% in the forecast period.

Owing to the focus on safety of the occupant; the demand of automotive sensor will accelerate in future. Image sensors are one of the blooming sensors for the automotive sensor market. It helps the driver to be aware of the emerging accidents owing to blind turn, human or animal suddenly coming in the way, brake application in case of any vehicle and many other cases. Furthermore, the latest development in technologies to detect drunk drivers in automotive industries and the initiative to improve the fuel efficiency will also drive the automotive sensor market.

Major Key players of the Automotive Sensor Market include:

  • Continental AG
  • Delphi Automotive Systems, LLC
  • Denso Corporation
  • Robert Bosch GmbH
  • TRW Automotive, Inc. and Others

A detailed description of vehicle type specific sensors is also mentioned which includes vehicles such as cars, buses, trucks and two-wheelers.

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