Global Automotive Electronic Sensors Market Study Analysis: The market for automotive sensors is controlled by the power-train segment

The global Automotive Electronic Sensors market size was valued at $ Million in 2020 and is expected to reach $ Billion by 2028 growing at the CAGR of 7.96% from 2021 to 2028. Electronic Sensors are devices that detect events or changes in the environment and then provide a corresponding output. Automotive sensors are an essential component of an automobile. They are designed to detect, measure, transmit, analyze, record, and display the internal and external environment of the vehicle. The automotive sensors are used to measure position, exhaust temperature, angular rate, pressure, torque, flexible fuel composition, long-range distance, and ambient gas concentrations, engine oil quality, short-range distance, and others. The advancements in communication capabilities between the sensors and vehicles without any interference with the basic functionalities together with the increasing demand for safety and security in automobiles are expected to raise the demand for automotive electronic sensors. Additionally, with the rising demand for vehicle automation and connective vehicles across the world, the demand for automotive sensors is expected to grow significantly during the forecast period. Also, the rising disposable income of the middle-class population is a factor that drives the market growth of automotive sensors.

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Global Automotive Electronic Sensors Market Drivers And Restrain:
The major factors that have impacted the growth of the Automotive Electronic Sensors market are the increasing adoption of ADAS features which have sensors as one of its key components and the surging demand for intelligent sensors coupled with technological advancements in electronics industries has increased the capabilities of smart electronic sensors, among others.

Increasing adoption of ADAS features:
Vehicle safety has to gain continuous development across the globe. The manufacturers are developing technologies for providing the passenger safe and secure travel. The increasing safety concerns have initiated ADAS deployment for providing better safety for passengers. ADAS features include Adaptive Cruise Control (ACC), Lane Departure Warning Systems, Collision Warning Systems, Blind Spot Detection Systems, Electronic Stability Control, Night Vision Systems, and Parking Assistance Systems to ensure vehicle safety. These features of ADAS works on five key components sensors, processors, mapping, software, and mapping. The increase in the driver knowledge about ADAS technology will eventually lead to trust and encouragement to go for vehicles that have ADAS integrated into them is expected to drive the automotive electronic sensors market.

Surging demand for intelligent sensors coupled with technological advancements in electronics industries:
The increasing incidents of road fatalities and loss of lives are increasing the demand for intelligent sensors in vehicles. These intelligent electronic sensors are used in various systems such as accelerometers, which are equipped in vehicles to provide benefits such as safety and fuel efficiency, mode of communication between engine, suspension, braking, and other controls of vehicles. The intelligent sensors provide drivers higher level of safety & security, reliability, and information &entertainment. The continuously evolving electronic industry is further improving the abilities of electronic sensors. The advanced electronic systems are now integrated with more sensors in their devices to add additional features and manufacturers are using them as their USP to gain a competitive advantage. The advancement in electronic technology and increasing use of sensors in hybrid semi hybrid and electric vehicles are expected to drive the automotive electronic sensors market.
The market is hampered by diesel cars have a low preference, and the aftermarket is underdeveloped.

Impact Of COVID-19 on the Automotive Electronic Sensors Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Automotive Electronic Sensors Market Segments:
The global Automotive Electronic Sensors market is further segmented into type, application, vehicle type, and geography.
By Type: Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, and Image
By Application: Powertrain, Chassis, Body Electronics, Safety & Security, and Telematics
By Vehicle Type: Passenger Cars, and Commercial Vehicles

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

North America is projected to have a significant market share due to the infrastructural development which has led to increased sales of high and mid-level cars and increased adoption of luxury cars by the young population. The Asia Pacific is expected to dominate the market due to the increasing passenger vehicles sale in emerging economies such as India, China, and Japan as the purchasing power of the population is strengthening. Moreover, increasingly stringent government reforms and initiatives to install ADAS features in vehicles are also estimated to drive this market growth. Europe is expected to have significant growth in the market owing to increasing demand for high-end cars with advanced driver assistance systems. The increasing demand for efficient and safety features in vehicles is projected to drive the market growth in European nations.

Key Players of Global Automotive Electronic Sensors Market:
• DENSO Corporation
• Delphi Automotive Company
• Infineon Technologies
• Robert Bosch
• ZF Friedrichshafen
• Continental
• NXP Semiconductor
• Valeo
• STMicroelectronics
• AUTOLIV INC

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Automotive Electronic Sensors Market
• Value Chain Analysis of Global Automotive Electronic Sensors Market
• What is the CAGR of the global Automotive Electronic Sensors Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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