Automotive Sensors Market Insights With Upcoming Trends And Forecast To 2028 | NXP Semiconductors, STMicroelectronics, Infineon Technologies AG, TE Connectivity, Texas Instruments

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Surging number of collaborations among vehicle original equipment manufacturers and sensor manufacturers, rise in the advancements in production technology and increasing application of automotive sensors for a wide range of applications such as powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others are the major factors attributable to the growth of automotive sensors market. Data Bridge Market Research analyses that the automotive sensors market will exhibit a CAGR of 9.12% for the forecast period of 2021-2028. This automotive sensors means that the market value would stand tall by USD 52.62 billion by 2028.

Increased focus on the technological advancements and rising demand for vehicle display technology will emerge as the major market growth driving factors. Growth in the demand for electrification in the automotive industry will further aggravate the market value. Rise in the demand and production of vehicles especially in the developing economies is other factor bolstering growth of the market. Growing popularity of hybrid and electric cars will further carve the way for the growth of the market.

Global Automotive Sensors Market Scope and Market Size

The automotive sensors market is segmented on the basis of sensor type, vehicle type, application, and technology. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

The automotive sensors market on the basis of sensor type has been segmented as temperature sensors, pressure sensors, position sensors, oxygen sensors, nox sensors, speed sensors, inertial sensors, image sensors, and other sensors. Inertial sensors segment is sub-segmented into accelerometers and gyroscopes. Image sensors segment is sub-segmented into CMOS and CCD. Other sensors segment is sub-segmented into radar sensors, ultrasonic sensors, rain sensors, relative humidity sensors, proximity sensors, particulate matter sensors and lidar sensors.
Based on vehicle type, the automotive sensors market has been segmented into passenger car, light commercial vehicles and heavy commercial vehicles.
On the basis of application, automotive sensors market has been segmented into powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others.
On the basis of technology, automotive sensors market has been segmented into micro-electro-mechanical systems and nano-electro-mechanical systems.

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The countries covered in the automotive sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the automotive sensors market and will continue to flourish its trend of dominance during the forecast period owing to the rising focus towards the adoption of advanced technologies. Asia-Pacific will however, score the highest CAGR for this period. This is because of the rising demand and production of vehicles especially in the emerging economies like India and China.

Leading Key Players Operating in the Automotive Sensors Market Includes:

The major players covered in the automotive sensors market report are NXP Semiconductors., STMicroelectronics, Infineon Technologies AG, TE Connectivity., Texas Instruments Incorporated., Sensata Technologies, Inc., Littelfuse Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Analog Devices, Inc., Sensata Technologies, Inc., DENSO CORPORATION, Autoliv Inc., Maxim Integrated, Hitachi Astemo Americas, Inc., GMS Instruments BV, Broadcom., Piher Sensors & Controls and Elmos Semiconductor SE among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Scope of the Study:

Automotive Sensors Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Automotive SensorsAutomotive Sensors market size outlook by type, 2021- 2028
Automotive SensorsAutomotive Sensors market size outlook by application segment, 2021- 2028
Automotive SensorsAutomotive Sensors market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Automotive Sensors companies
Company profiles of leading five players in Automotive Sensors industry
Market News and Developments

Reasons to Buy:

Understand the current and future competitive scenario across types, countries, and applications
Get Accurate, up-to-date analysis of Automotive Sensors markets and companies
Use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry
Develop sustainable strategies based on the latest trends, dynamics, and developments
Optimize product portfolios and capture a larger share in the industry through company analysis

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