Press release
Automotive Sensor Market to Register CAGR 12.2% Growth, to reach US$ 48.1 billion by 2030 | AUTOLIV INC, Robert Bosch, CONTINENTAL AG
Automotive Sensor Market
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The global automotive sensor market size was US$ 18.9 billion in 2021. The global automotive sensor market is forecast to grow to US$ 48.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12.2% during the forecast period from 2022 to 2030.
Automotive sensors are used to measure, detect, and transfer information to analyze the performance of vehicles. Sensors are highly efficient in detecting events or changes in the environment. They also sense physical input such as motion, light, heat, pressure, moisture, etc.
Factors Influencing the Market
The rising demand for intelligent sensors in vehicles is forecast to fuel the growth of the global automotive sensor market. In addition, automotive sensors are used to enhance the safety & security, and reliability of vehicles. Thus, it will contribute to the growth of the global automotive sensor market.
High competition in the electronic market and the growing number of innovative launches will escalate the growth of the global automotive sensor industry in the coming years.
Growing upgrades in luxury vehicle offerings will benefit the global automotive sensor market. Furthermore, increasing disposable incomes and favorable initiatives by government bodies to promote electric vehicles will surge the growth of the global automotive sensor market. I
The growing adoption of smart sensors by luxury automotive manufacturers like BMW will accelerate the growth of the market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic negatively affected the overall automotive industry, including trade and manufacturing activities. As a result, it also hampered the growth of the global automotive sensor market. It is owing to the disruptions in manufacturing activities and shortage of raw material, which has been significant factors declining the growth of the global automotive sensor market. Asia-pacific holds one of the largest automotive industries. The deadly effect of the pandemic in India and China has restricted the growth of the global automotive sensor market.
Regional Analysis
On the basis of region, North America is forecast to hold the highest market share in the global automotive sensor market. It is due to the growing demand for automated technology and rapidly rising disposable income. In addition, the growing sales of electric vehicles (EVs) will benefit the global automotive sensor market.
The Asia-Pacific automotive sensor market is forecast to grow at a significant growth rate. It is due to the growing disposable income and the presence of prominent car manufacturers like Toyota. In addition, the increasing government regulations to curb pollution will surge the growth of the Asia-Pacific automotive sensor market.
Competitors in the Market
AUTOLIV INC
Robert Bosch
CONTINENTAL AG
DENSO Corporation
DELPHI AUTOMOTIVE COMPANY
Infineon Technologies AG
NXP Semiconductor
Sensata Technologies
STMicroelectronics N.V
VALEO
Other Prominent Players
Market Segmentation
The global automotive sensor market segmentation focuses on Sensors, Technology, Application, Vehicle, and Region.
By Sensors Type
Temperature Sensors
Pressure Sensors
Position Sensor
Speed Sensor
Level Sensor
Inertial Sensor
Gas Sensor
Proximity Sensor
Flow Sensor
Knock Sensor
Force Sensor
Torque Sensor
By Technology
MEMS
NEMS
By Application
Powertrain
Chassis
Body Electronics
Safety and Control
Exhaust System
By Vehicle Type
Conventional Vehicles
Electric Vehicles
Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery - Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline
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• Market Sizing and Structuring
• Micro and macro analysis
• Regional dynamics and Operational landscape
• Demographic profiling and Addressable market
• Legal Set-up and Regulatory frameworks
• Profitability and Cost analysis
• Segmentation analysis of Market
• Existing marketing strategies in the market, Best practice, GAP analysis
• Competitive landscape, Leading market players, Benchmarking
• Future market trends and opportunities - Scenario modeling
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter's Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
• Existing market infrastructures
• Market challenges and opportunities
• Potential for growth in certain industries in the coming years
• End-consumer target groups and their potential volumes of operation
• Best regions and segments to target
• Pros and cons of various promotion models
• Touch points and an opportunity breakdown within the value chain
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
The Study Explore COVID 19 Outbreak Impact Analysis
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What's market competition in this industry, both company, and country wise? What's market analysis by taking applications and types in consideration?
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Key Points Covered in Automotive Sensor Market Report:
Global Automotive Sensor Market Research Report
Section 1: Global Automotive Sensor Industry Overview
Section 2: Global Economic Impact on Automotive Sensor Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Automotive Sensor Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Automotive Sensor Market Forecast
……..and view more in complete table of Contents
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