DUBLIN--(BUSINESS WIRE)--The "Europe Automotive Sensors Market to 2027 - Regional Analysis and Forecasts by Type; Application; Vehicle Type" report has been added to ResearchAndMarkets.com's offering.
The Europe automotive sensors market accounted for US$ 2.13 Bn in 2018 and is expected to grow at a CAGR of 6.8% over the forecast period 2019-2027, to account for US$ 3.83 Bn in 2027.
The automobile manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, LCV, and HCV. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving automobile procurement.
The constant pressure on automobile manufacturers to deliver a large number of vehicles to meet consumer demand is catalyzing the production statistics of vehicle manufacturing. With the increase in automobile manufacturing, the need for advanced technologies integrated on to the vehicles is simultaneously increasing among the end users.
This factor has created a potential market space for various types of semiconductors. In the current automotive market, major manufacturers are integrating their vehicles with technologically enhanced sensors, to improve the safety of the vehicles.
The Europe, automotive sensors market, is fragmented with the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the Europe automotive sensors market.
For instance, the European Commission has taken several initiatives for the development of the automotive industry in the region. For example, CARS 2020 Action Plan, and GEAR 2030, among others. Also, Horizon 2020 by EU focuses on providing funds for R&D in automotive industry by launching programs such as Also, Horizon 2020 by EU focuses on providing funds for R&D on automotive by launching programs such as European Green Vehicles Initiative and programs on 'Road Transport', 'ICT for Smart Mobility', 'Factories of the Future' and 'Logistics'.
These initiatives are implemented to enhance the technologies that positively impact on the market. Thus, the initiatives undertaken by the government has a positive impact on the growth of the Europe automotive sensors market. These initiative provide various benefits to the Europe-based companies located in the region, thus, increasing the growth of Europe automotive sensors markets. Various automotive manufacturers are focusing on integrating advanced sensors in their vehicles to enhance safety and additional features, and this factor is aiding the growth of the Europe automotive sensors market.
Some of the players present in the Europe automotive sensors market are Analog Devices Inc., Continental AG, Delphi Technologies PLC, Denso Corporation, Infineon Technologies, and Robert Bosch GmbH among others.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Sensors Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.3 PEST Analysis
4.4 Ecosystem Analysis
5. Europe Automotive Sensors Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Vehicle Manufacturing Activities Aiding the growth of Automotive Sensors Market
5.1.2 Growing Collaborations Between Automotive Manufacturers and Sensor Manufacturers
5.2 Key Market Restraints
5.2.1 Increasing Cost of Vehicles due to Integration of Sensors Might Impact the Market
5.3 Key Market Opportunities
5.3.1 Rising Manufacturing of Electronic Vehicles is Supporting the Growth of Automotive Sensor Market
5.4 Future Trends
5.4.1 Boom in Connected Car Production is Expected to Opportunities for Automotive Sensor Manufacturers to Boost their Business
5.5 impact Analysis of Drivers and restraints
6. Europe Automotive Sensors - Market Analysis
6.1 Europe Automotive Sensors Market Overview
6.2 Europe Automotive Sensors Market Forecast and Analysis
7. Europe Automotive Sensors Market Revenue and Forecasts To 2027- Types
7.2 Europe Automotive Sensors Market Breakdown, By Types, 2018 & 2027
7.3 LED Market
7.4 Image Sensor Market
7.5 Position Sensor Market
7.6 Temperature Sensor Market
7.7 Pressure Sensor Market
7.8 MEMS Market
7.9 Other Sensors Market
8. Europe Automotive SENSORS Market Revenue And Forecasts To 2027 - Application
8.2 Europe Automotive Sensors Market Breakdown, By Application, 2017 & 2027
8.3 Advanced driver assistance systems Market
8.4 Body Electronics Market
8.5 Powertrain Market
8.6 Safety & Security System Market
8.7 Chassis Market
8.8 Others Market
9. Europe Automotive Sensors Market Revenue And Forecasts To 2027 - Vehicle Type
9.2 Europe Automotive Sensors Market Breakdown, By Vehicle Type, 2017 & 2027
9.3 Passenger Cars market
9.4 Lightweight Commercial Vehicle (LCV) Market
9.5 Heavyweight Commercial Vehicle (HCV) Market
10. Europe Automotive Sensors Market - Country Analysis
11. Industry Landscape
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Europe Automotive Sensors Market - Key Company Profiles
- ANALOG Devices Inc.
- Continental AG
- DELPHI TECHNOLOGIES PLC
- Denso Corporation
- Infineon Technologies
- NXP Semiconductors NV
- ON Semiconductors
- Robert Bosch GmbH
- Texas Instruments Incorporated
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