Press release
Automotive Sensors Market Applications, Technology, Types, Recent Trends, Future Growth Analysis, Industry Analysis and Forecasts 2027
Automotive Sensors Market
The Global Automotive Sensors Market is projected to reach USD 48.29 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for safety, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and increasing use of sensors in hybrid semi hybrid and electric cars are boosting the demand of automotive sensors market
These sensors are required for safe and efficient operations of powertrains. Emission regulations and stringent fuel-efficiency norms formulated by several governments of different countries are propelling the growth of the market in this segment. Meeting analog information related to temperature and pressure of automobiles for use by their digital control units is critical to meet desired fuel-efficiency and emission regulations.
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Further key findings from the report suggest
LiDAR sensor is the most important sensor for an autonomous automotive vehicle. Self-driving or autonomous vehicles being tested by companies such as Uber, Alphabet, Toyota, and others rely heavily on these types of sensors to locate themselves on the detailed maps they need to get around and to identify things like other vehicles and pedestrians.
The chassis application segment will also show steady growth in this market over the forecast period. The growth is majorly attributed to the chassis sensor capability to provide safety to the passenger and driver, which controls and handles a vehicle with stability
By the vehicle type, the passenger car segment is expected to retain its pole position in the automotive sensors market owing to the rising demand for safe and high-performance vehicles in the emerging countries.
China is the key country and holds a significant share for the automotive sensors market in the APAC region. Other countries like South Korea, Japan, and India have also experienced a surge in the installation of automotive sensors.
Key players in the market include Robert Bosch, Continental AG, Delphi Automotive, Denso Corporation, Infineon Technologies, Sensata Technologies, Allegro Microsystems, Analog Devices, Elmos Semiconductor, and CTS Corporation, among others.
Automotive Sensors Market Region:
The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
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The Global Automotive Sensors Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Automotive Sensors industry.
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Temperature
Thermocouple
Thermistor
MEMS
Resistance temperature detector
IC temperature sensor
Others
Pressure
MEMS
Strain gauges
Ceramic pressure sensors
Position
Angular
Linear
Oxygen
NOx
Speed
Inertial
Accelerometers
Gyroscopes
Image
Complementary Metal Oxide Semiconductors (CMOS)
Charge-coupled Devices (CCD)
Radars
Ultrasonic
Proximity
LiDAR
Others
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Passenger Vehicle
Mid-sized car
Sedan
Minivan
Convertible
Crossover
Hatchback
Others
Light Commercial Vehicle (LCV)
Compact
Utility Vehicle
Supermini
Light Truck
Others
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The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Significant Features of the Automotive Sensors Market Report:
Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
Assessment of the existing and emerging trends of the business sphere
Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
Significant breakdown of the market to assess the factors that might influence the global market growth
An 8-year forecast for better understanding of the workings and growth opportunities of the market
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