Automotive Sensor Market 2018 Global Industry Growth, Size, Share, Trends, Key Players Forecast To 2027

April. 4, 2018 (NEWS) -- Automotive Sensor Market Research Report 2018 expands information on Automotive Sensor Market by Sensor types (Temperature, Motion, Pressure, Gas, Optical), by Method (MEMS, NMEMS), by Application (Automobile, Body electronics), by Vehicle type (Heavy vehicle) and by Regions. The global market of Automotive Sensor will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027). Over the last 30 years, vehicle electronic systems are growing rapidly. The evolution of microcontroller and sensor technologies is providing authority to automobile industries to develop complex systems which can provide higher levels of vehicle control and safety to the end consumers.

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The Global automotive sensor market is increasing due to growing urbanization, rising environmental concerns, and increasing disposable income of middle class population. This market is growing with the CAGR rate of XX% and expected to reach US $XX million by the end of forecasted period.

Automotive Sensor Market Companies Analyzed in report are: Analog Devices Inc. (US), Avago Technologies (CA), Bosch Sensortec (Germany), Bourns (CA), CTS Corporation (US), Denso Corporation (Japan), Gill sensors & controls (UK), Delphi automobile (UK) among others.

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.

The automotive industry as a whole is a capital intensive industry. The dynamic business environment and cut throat competition in the industry constantly requires influx of capital to update their technology to cope with increasing incidence of customization by the consumers. Development of hybrid vehicles, aesthetic features and safety features require constant research & development support thus resulting in extensive capital investment at a constant rate. Such cut throat competition in the automotive industry requires massive investments at a regular basis, thus the high capital investment in the Automotive Sensor market is expected to act as a hurdle in the growth, due to significant entry barriers for new player which is expected to have a negative impact on the Automotive Sensor market.

In automotive industry, consumer preferences are continuously changing. Across the world, the demand for various factors such as high performance, high efficiency, increased safety, and security are increasing for different automotive applications. At the same time, when it comes to the actual purchase of a vehicle, consumers prefer a model having all of the above mentioned parameters but preferably at a lower cost (price). Due to changing consumer needs across global markets, rapid technological advancements are taking place in Automotive Sensor industry to introduce differentiate products. While considering the above improvements, product pricing (low cost) is given a prominent weightage during initial development phase. This is a big challenge for the manufacturers as a lot of research and development (R&D) activities go into the new product development phase, which requires huge investments.

Market Segmentation:

Segmentation by Sensor Type: Comprises Temperature, Motion, Pressure, Gas, Optical.

Segmentation by Method: Comprises MEMS, NMEMS

Segmentation by Application: Comprises Automobile, Body electronics

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.   

Geographic Analysis:

The global Automotive Sensor, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the last couple of years, the automotive industry has flourished globally, with several technologies emerging in the market. Geographically, Asia Pacific region has been the largest market for automotive exhaust in 2016, followed by North America and Europe. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have been focusing on this region mainly due to the abundant demand for passenger as well as commercial vehicles, and have therefore planned to expand their operations in the Asia Pacific region. By the end of forecast year, the global market is expected to witness cut throat competition between North America and Europe, in terms of revenue and market share.

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Target Audience of Report:

This report mainly focuses on Automotive Sensor market Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Sensor market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Sensor market studied.

Industry/ Innovation/ Related News:

April, 2017– Analog Devices, Inc, the leading global high-performance analog technology company, and Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, announced that they are collaborating on a system-level 77/79-GHz RADAR sensor demonstrator to improve Advanced Driver Assistance Systems (ADAS) applications and enable autonomous driving vehicles. The new demonstrator combines two cutting-edge technologies that include the RH850/V1R-M microcontroller (MCU) from the Renesas autonomy Platform and ADI’s Drive360 advanced 28nm CMOS RF-to-bits technology.

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