NEW YORK, Feb. 06, 2020 (GLOBE NEWSWIRE) -- The global automotive sensor market is expected to grow at a CAGR of 7.0% during the forecast period with its market size predicted to reach USD 42.0 billion by 2024.

There is a constant increase in the number of sensors integration in vehicle to improve its performance. Due to which, there is a rise in the number of partnerships and collaborations among the automotive OEMs and sensor manufacturers is one of the major trends prevailing in the automotive sensor market currently.

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Passenger car category held the largest share in the automotive sensor market in 2018

On the basis of vehicle type, the market is bifurcated into fuel-based vehicle and electric vehicle. The fuel-based vehicle is further broken down into passenger car, light commercial vehicle (LCV) and medium & heavy commercial vehicle (MHCV). Passenger car is expected to account the highest market share in current year and is expected to grow at fastest rate with adoption of ADAS, electric and hybrid cars.

Explore key industry insights in  133 tables and  45 figures from the 135 pages of report, “Global Automotive Sensor Market Analysis and Forecast to 2024 - Industry Insights by Sales Channel (OEM and After-Market), Sensor Type (LED, Image Sensor, Position Sensor, Temperature Sensor, Pressure Sensor, MEMs, Gas Sensor, and Others), Application (ADAS, Powertrain, Chassis, Safety & Control, Telematics, and Others), Vehicle Type (Fuel Based Vehicle [Passenger Car, LCV, and MHCV], and Electric Vehicle)

Geography Insight

Geographically, APAC, mainly China is the largest automotive sensor market with largest number of electric vehicle production. Besides, the country is home for some of the major automotive manufacturers, this will further up surge the growth of the China automotive sensor market in years to come.

Competitive Insight

Some of the key players operating in the global automotive sensor market are Analog Devices, Inc., Continental AG, Delphi Technologies, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, APTIV, Melexis, Sensata PLC, and CTS Corporation.

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Key Takeaway from the Report:

  • Among all the sensor types, position sensor segment captures highest market share in 2018
  • Of all the sales channel, the OEM accounted for the foremost share in the automotive sensor market in 2018
  • Among all the application, the powertrain application segment accounted for a foremost share in the automotive sensor market in 2018
  • Of all vehicle type, passenger car category held the largest share in the automotive sensor market in 2018

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million) and volume (Million Units). The report segments the global automotive sensor market on the basis of sensor types, sales channel, application, vehicle type and region.

Global Automotive Sensor Market Coverage

Sales Channel Insight and Forecast 2014-2024

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Sensor Type Insight and Forecast 2014-2024

  • LED
  • Image Sensor
  • Position Sensor
  • Temperature Sensor
  • Pressure Sensor
  • MEMs
  • Gas Sensor
  • Others

Application Insight and Forecast 2014-2024

  • ADAS
  • Powertrain
  • Chassis
  • Safety & Control
  • Telematics
  • Others

Vehicle Type Insight and Forecast 2014-2024

  • Fuel Based Vehicle
    • Passenger Car
    • LCV
    • MHCV
  • Electric Vehicle

Geographical Segmentation

Automotive Sensor Market by Region

North America

  • By Sales Channel
  • By Sensor Type
  • By Application
  • By Vehicle Type
  • By Country – U.S., Canada, and Mexico

Europe

  • By Sales Channel
  • By Sensor Type
  • By Application
  • By Vehicle Type
  • By Country – Germany, U.K., France, Spain, Italy, and Rest of Europe

Asia-Pacific (APAC)

  • By Sales Channel
  • By Sensor Type
  • By Application
  • By Vehicle Type
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Sales Channel
  • By Sensor Type
  • By Application
  • By Vehicle Type
  • By Country – Brazil, South Africa, Saudi Arabia, and Other Countries

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