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Global Automotive Sensors Market is Growing at a High CAGR by 2027 | Lead By Analog Devices, Delphi Technologies, Infineon Technologies, Melexis, Robert Bosch, Texas Instruments

06-11-2019 07:32 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Automotive Sensor Market

Automotive Sensor Market

Latest market study on "Automotive Sensor Market to 2027 by Type (LED, Image Sensors, Position Sensors, Temperature Sensors, Pressure Sensors, MEMS, Others); Application (Chassis, Safety & Security, Body Electronics, Powertrain, ADAS, Others); Vehicle Type (LCV, HCV, Passenger Car) – Global Analysis and Forecast", the automotive sensor market is estimated to reach US$ 16.735 Bn by 2027 from US$ 8.175 Bn in 2018. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The major companies offering automotive Sensor market include ON Semiconductor, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Melexis, Continental AG, Denso Corporation, Delphi Technologies, Analog Devices, Inc., and Texas Instruments Incorporated among others. Several other companies are also offering these sensors to automotive industry which is facilitating the market to propel over the years.

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What the report features:-
• Global analysis of Automotive Sensor market from 2018 – 2027 illustrating the progression of the market.
• Forecast and analysis of Automotive Sensor market by Dosage, Route of Administration and Application from 2018 – 2027
• Forecast and analysis of Automotive Sensor market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America

The market for automotive sensor globally has been segmented into three major segments including type, application, and vehicle type. The type segment is further segmented into LED, image sensor, position sensor, temperature sensor, pressure sensor, and others. The demand for image sensors is growing high as the advantages of these automotive image sensors are growing among the automotive manufacturers as well as the individuals, which is paving the path for image sensor segment in the automotive sensors market. The Advanced Driver Assistance Systems (ADAS) is increasingly becoming mainstream among the luxury cars segment and is also being integrated on the mid-range car segments and commercial vehicles. These image sensors facilitate in enhancing the safety of the vehicle, driver, and passengers. Attributing to the increasing integration of ADAS in automobiles, the procurement of image sensors is foreseen to be exponential in the near future. Furthermore, the rising demand and manufacturing of fully-automatic and semi-autonomous vehicles project a prominent future for the image sensor segment in the automotive sensors market.

The global market for automotive sensor market is segmented on various parameters such as type, application, vehicle type, and geography. Based on type, position sensor segment dominate the automotive sensor market heavily and is expected to continue its dominance throughout the forecast period from 2019 – 2027. On the basis of application, advanced driver assistance systems segment is expected to witness a significant growth rate in the coming years. Further, based on vehicle type, passenger cars led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Key players operating in the market are introducing attractive solutions and are partnering with the small as well as large companies which is helping them to gain customer traction.

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The report segments the global Automotive Sensor Market as follows:

Global Automotive Sensor Market – By Type
Image Sensor
Position Sensor
Temperature Sensor
Pressure Sensor

Global Automotive Sensor Market – By Application

Advanced Driver Assistance Systems (ADAS)
Body Electronics
Safety Systems

Global Automotive Sensor Market – By Vehicle Type

Passenger Cars
Lightweight Commercial Vehicle (LCV)
Heavyweight Commercial Vehicle (HCV)

Global Automotive Sensor Market – By Geography

North America
Rest of Europe
Asia Pacific (APAC)
South Korea
Rest of APAC
Middle East & Africa (MEA)
South Africa
Middle East
Rest of MEA
South America (SAM)
Rest of SAM

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Call: +1-646-491-9876

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

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