DUBLIN--(BUSINESS WIRE)--The "Automotive Sensors Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global automotive sensors market is projected to grow at a CAGR of 6.26% to reach US$40.980 billion by 2025, from US$28.464 billion in 2019.
Automotive sensors are components or devices that are used to process information, monitor and control the proper functioning of different aspects and different components in automobiles. The automobile sensors can facilitate different functions such as sensing oil pressure, sensing temperature, sensing the wheel speed, sensing the proximity with obstacles in the path of the vehicle, for tire pressure monitoring, for the rate of airflow into the intake valve, among a plethora of other functions. Automotive sensors work on ultrasonic waves, either through radar waves or through image sensors. The sensors are able to provide real-time information about the current situation and condition and then send the sensed information for processing, after processing the electronic control module decides how to react to the situation the necessary steps can be taken.
Companies Mentioned
- Robert Bosch GmbH
- STMicroelectronics
- Delphi Auto Parts
- Texas Instruments Incorporated
- DENSO CORPORATION
- NXP Semiconductors N.V.
- TE Connectivity
- Sensata Technologies, Inc
- Continental AG
- TGS GROUP
- Murata Manufacturing Co., Ltd.
- CTS Corporation
- Infineon Technologies AG
- Hitachi High-Technologies Corporation
-
Analog Devices, Inc.
The disposable income of people is increasing which is increasing their propensity to spend on vehicles. This is leading to an increased demand for vehicles, thus increasing the demand for automotive sensors by automakers, which will lead to a surge in the market growth over the forecast period. Moreover, the increasing concerns of people to have vehicles that are advanced and can mitigate any problem that might cause damage to the vehicles and the occupants the demand for these sensors is further increasing thus, bolstering the growth of the automotive sensors market further.
However, the high cost of fabrication of some of these sensors that are fitted into automobiles and the lack of fitment of some sensors that can be found only in high-end vehicles, which are not affordable by a majority of the people, is factor that will restrain the growth of the market to some extent.
In addition, the market holds immense opportunities for automaker sand sensor manufacturers to upgrade the sensing technologies reduce the size of sensors, reduce the R&D cost of these sensors, for advanced applications like telematics, autonomous vehicles, heads up display among others, which will act as a growth opportunity for the market in the forecast period.
The automotive sensors market has been segmented based on sensor type, vehicle type, distribution channel, and geography. By sensor type, the market has been segmented as wheel speed sensor, temperature sensor, pressure sensor, position sensor, and others. By, vehicle type the market has been segmented as passenger vehicle and commercial vehicles. By Distribution Channel, the market has been segmented as OEM's and aftermarket.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Automotive Sensors Analysis, By Sensor Type
5.1. Introduction
5.2. Wheel Speed Sensor
5.3. Temperature Sensor
5.4. Pressure Sensor
5.5. Position Sensor
5.6. Others
6. Global Automotive Sensors Analysis, By Vehicle Type
6.1. Introduction
6.2. Passenger Vehicle
6.3. Commercial Vehicle
7. Global Automotive Sensors Analysis, By Distribution Channel
7.1. Introduction
7.2. OEMs
7.3. Aftermarket
8. Global Automotive Sensors Analysis, By Geography
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/a4rq02
