Automotive Sensors Market to reach 536.4 million units by 2026; Growing Investment in R&D of Driverless Cars to Aid Growth, says Fortune Business Insights

Key Companies Covered in the Automotive Sensors Market Research Report are Robert Bosch Gmbh, Denso Corporation, Valeo Ltd, Delphi Automotive LLP, Hitachi Appliances, Inc., Continental AG Corporation, Sensata Technologies Inc., Infineon Technologies AGAutoliv Inc., NXP Semiconductors, STMicroelectronics N.V, Allegro Microsystems, LLC, Analog Devices Inc. , Elmos Semi-Conductors, CTS Corporation , Texas Instruments Inc., Littlefuse Inc., Micronas Semiconductor Inc., Panasonic Corporation, Vishay Intertechnology, Inc. and other key market players.

Pune, Nov. 29, 2019 (GLOBE NEWSWIRE) -- The global Automotive Sensors Market will derive growth from the growing adoption for self-driving cars across the world. According to a report published by Fortune Business Insights, titled “Automotive Sensors Market Size, Share & Industry Analysis, By Sensor Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Position Sensor, Others), By Application Type (Powertrain, Chassis, Exhaust, ADAS, and Others), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast, 2019-2026,” the market was valued at 347.6 million units in 2018 to reach 536.4 million units by 2026, exhibiting a CAGR of 5.7% during the forecast period

Automotive sensors have witnessed rising popularity in recent years, owing to growing applications in the automotive and transportation industry. The demand for this product has increased drastically in recent years. The advent of sensor-based and AI-driven automobile have opened up a huge potential for market growth. Variations in product offerings have allowed applications across diverse domains. Additionally, the cost-effective nature of these products have led to a wider adoption across the world. The increasing uses of automotive sensors in several vehicles including passenger cars, transport vehicles, commercial, and personal vehicles will create several opportunities for market growth.

To gain more insights into the market, click here

The report encompasses several factors that have contributed to the growth of the market in recent years. It highlights key aspects of the market and discusses leading product types, major companies and areas that have witnessed increased applications. The competitive landscape has been discussed in detail and companies that are likely to emerge leading have been labelled out. Furthermore, the report segments the automotive senor market on the basis of sensor type, applications, vehicle type, and regional demographics. It discusses the impact of leading segments from each of these criteria.

Recent Product Innovations Will Lead to Wider Adoption

The report encompasses several factors that have contributed to the growth of the market in recent years. The growing emphasis on the research and development of advanced sensors will yield several product launches. In 2017, Panasonic announced the launch of a new sensor-based system wherein drowsiness of the user could be detected. The driver would be alerted and necessary action was taken within no time. This was a major highlight of the market in recent years. Panasonic’s latest product helped the company generate a substantial Automotive Sensors Market revenue. Similarly, in 2018, Denso Corporation launched advanced vision sensors. These products were capable of detecting cyclists, pedestrians in dark. Moreover, it could detect driving lanes depending on the environment of the vehicle. The report includes growth stimulators, similar to the aforementioned factors and gauges their impact on the global market.

Rising Production and Sales of Vehicles to Aid Growth of the Market in Asia Pacific

The report segments the market on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the demand for automotive sensors is highest in Asia Pacific. Recent advancements in automotive sensor manufacturing have opened up a huge potential for the growth of the regional markets of emerging nations such as China, India, and Japan. The growing adoption of vehicles and increasing rate of passenger car production will aid the growth of the market in this region. Besides Asia Pacific, the market in Europe is projected to witness considerable growth, owing to the growing investment in the research and development of sensor-based control systems for automobiles. The Automotive Sensors Market in Europe was valued at 75.3 million units in and is likely to increase further in the coming years.

Request a Sample Copy :

List of the leading companies that are operating in the global Automotive Sensors Market are:

  • Robert Bosch Gmbh
  • Denso Corporation
  • Valeo Ltd
  • Delphi Automotive LLP
  • Hitachi Appliances, Inc.
  • Continental AG Corporation
  • Sensata Technologies Inc.
  • Infineon Technologies AG
  • Autoliv Inc.
  • NXP Semiconductors
  • STMicroelectronics N.V
  • Allegro Microsystems, LLC
  • Analog Devices Inc.
  • Elmos Semi-Conductors
  • CTS Corporation
  • Texas Instruments Inc.
  • Littlefuse Inc.
  • Micronas Semiconductor Inc.
  • Panasonic Corporation
  • Vishay Intertechnology, Inc.

Have Any Query? Ask Our Experts :

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Mergers, Acquisitions and Partnerships
    • Distributor Analysis – For Major Players
    • Growth and Penetration Analysis
    • Porter’s Five Forces Analysis
    • PEST Analysis
    • Vendor landscape
  • Global Automotive Sensors Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Sensor Type
      • Temperature Sensor
      • Pressure Sensor
      • Speed Sensor
      • Position Sensor
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Powertrain
      • Chassis
      • Exhaust
      • ADAS
      • Others
  • Market Analysis, Insights and Forecast – By Vehicle Type
    • Passenger Car
    • LCV
    • HCV
  • Market Analysis, Insights and Forecast – By Region
    • North America
    • Europe
    • Asia pacific
    • Rest of the World

TOC Continued….!!!

Request for Customization:

Have a Look at Related Reports:

Connected Car Market Size, Share & Industry Analysis, By Service (Mobility, telematics, Infotainment, Driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (Passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2025

Electric Vehicle Telematics Market Size, Share & Industry Analysis, By Type (embedded, retrofitted), By Market (OEMs, aftermarket), By Application (safety & security, entertainment, information & navigation, diagnostics, others), and Regional Forecasts, 2019-2026

Electric Vehicle Market Size, Share & Industry Analysis, By Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2019-2026

Automotive Radar Market Size, Share & Industry Analysis, By Range (short-range, medium-range, long-range), By Application (Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD), Intelligent Parking Assistance), and Regional Forecasts, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.  

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Fortune Business Insights
Linkedin | Twitter | Blogs