Automotive Sensors Market 2018-2024 Global Industry Key Leaders Analysis Analog Devices, NXP Semiconductors, Maxim Integrated, Robert Bosch, Infineon Technologies

The report defines the automotive sensors market as the sensors used to monitor, detect and control data for better performance, safety, comfort and convenience related to vehicles. The numerous types of sensors are used in the vehicle for better passenger comfort and improve vehicle performance. The automotive sensors include several sensors such as temperature sensor, knock sensor, the acceleration sensor, air flow sensor, parking sensor, and others.

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Ongoing technological advancements in the automotive sector are driving the growth of automotive sensors market. Sensors are becoming an important part of automotive sectors as the use of electronics system in the automotive is growing rapidly. The introduction of various advanced technologies and systems in the vehicles such as anti-collision system, telematics, and others are creating huge demands of automotive sensors across the world. In addition, the growing popularity of autonomous driving is contributing to the growth of automotive sensors market. The autonomous technology is highly dependent upon the sensors. In this technology, sensors are used to collect and process the data from the environment and further assist the moving vehicle. The growing demand for safety systems in the passenger vehicles is rising rapidly that is anticipated to boost the growth of the automotive sensors market over the forecast years.

By Type

Global Automotive Sensors Market by Type is segmented as temperature, pressure, speed, level/position, magnetic, gas, and inertia. In the automotive, temperature sensors typically, a thermocouple or RTD are used to measures the temperature of various places of vehicles through electric signals. Temperature sensing is a well-established function in automotive electronics that used in powertrain applications. In addition, ongoing advancements in the sensor technologies and the introduction of new sensors in the automotive applications to fulfill the consumer demand are likely to boost the growth of automotive sensors market over the forecast period.

By Applications

Automotive sensors are used in numerous applications including, powertrain, body electronics, vehicle security systems, and telematics. The powertrain is the car's major and most expensive component. They deal with the generation of power to propel a vehicle. Powertrain component used Knock sensor, temperature sensors, Speed sensor, transmission sensors, and other sensors to ensure the performance of the vehicles. In addition, the popularity of automotive telematics is growing rapidly. Telematics is a method of monitoring a vehicle that provides telecommunication assistance to the driver. The adoption of telematics system by car rental service providers is driving the growth of telematics application segment in the automotive sensors market.

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Regional Analysis

Among the regions considered in the scope of the report, North America held maximum share in the automotive sensors market. The high adoption of new technologies in the automotive sectors drives the growth automotive sensors market in the North America region. In addition, Asia Pacific is anticipated to grow with the highest CAGR in the automotive sensors market. The growing automotive industry,  rising focus on the safety and comfort features of the vehicles and increasing acceptance of autonomous vehicles are the major factors that are contributing to the growth of this market in the Asia Pacific. In addition, high implementation of advanced driver assistance system (ADAS) in the vehicles is expected to escalate the growth automotive sensors market in upcoming years.

Competitive landscape

The report provides the profiles of the companies in the global automotive sensors market such as Analog Devices Inc., NXP Semiconductors, Maxim Integrated, CTS Corporation, Aptiv, Sensata Technologies Inc, Texas Instruments Incorporated, Robert Bosch GmbH, Infineon Technologies AG and DENSO CORPORATION.         

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