Global Automotive Sensors Market Estimated to Grow From USD 24.7 Billion in 2016 at a CAGR of 7.8% over the Forecast Period 2016-2024 According to Goldstein Research, the automotive sensors market report shows the market size to reach USD 43.7 billion by 2024 from an estimate of USD 24.7 billion in 2016, growing at a compounded annual growth rate of 7.8% during the forecast period 2016-2024. The prospective high growth of autonomous vehicles market in near future and rising sales of electric vehicles in the present scenario is driving the demand for automotive sensors by the automotive manufacturers to ensure passenger & vehicle safety.
Global automotive sensors market segmentation has been carried out on the basis of sensors type, applications, vehicle type, and geography. By 2030, the total sales of the autonomous vehicle's market are estimated to reach 12 million units. Global automotive sensors industry is being largely driven by the Asia-Pacific and closely followed by the Europe market share. APAC accounts for high automobile sales, fuel emission regulations, safety laws and emerging market of connected vehicles, driving the growth of the automotive sensors market in the region.
Market Segmentation
On the basis of our in-depth analysis, Global Automotive Sensors Market can be segmented as follows:
- By Sensors Type
- Temperature
- Pressure
- Speed
- Level/Position
- MEMS (Microelectromechanical systems)
- Magnetic
- Gas
- Inertia
- LiDAR (Light Detection And Ranging)
- Others (NOx Sensors etc.)
- By Applications
- Powertrain
- Chassis
- Body Electronics
- Vehicle Security Systems
- Alternative Fuel Vehicle
- Telematics
- By Vehicle Type
- Passenger Cars
- Commercial vehicles
- Others (Two wheelers)
- By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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“Global Automotive Sensors Industry Analysis” contains a detailed overview of the global automotive sensors market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by sensors type, applications, and vehicle type.
Further, for the in-depth analysis, Automotive Sensors Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Robert Bosch GmbH, General Electric Company, Denso Corporation, Freescale Semiconductor, Delphi Automotive, Analog Devices Inc., Casco Automotive Group, Infineon technologies, Sensata Technologies, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global automotive sensors market trends along with a market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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