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Surging number of collaborations among vehicle original equipment manufacturers and sensor manufacturers, rise in the advancements in production technology and increasing application of automotive sensors for a wide range of applications such as powertrain, chassis, exhaust, safety and control, body electronics, telematics, and others are the major factors attributable to the growth of automotive sensors market. Data Bridge Market Research analyses that the automotive sensors market will exhibit a CAGR of 9.12% for the forecast period of 2021-2028. This automotive sensor means that the market value would stand tall by USD 52.62 billion by 2028.
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Driver:
Increased focus on the technological advancements and rising demand for vehicle display technology will emerge as the major market growth driving factors. Growth in the demand for electrification in the automotive industry will further aggravate the market value. Rise in the demand and production of vehicles especially in the developing economies is other factor bolstering growth of the market. Growing popularity of hybrid and electric cars will further carve the way for the growth of the market.
However, pricing pressure among the key players will act as a growth restraint for the market. Lack of uniformity in the fabrication process and the fluctuations in the prices of raw materials will also create hindrances for the growth of the market. High costs associated with the development of raw material will further dampen the growth rate of the market.
Some key players mentioned in the report are:
NXP Semiconductors., STMicroelectronics, Infineon Technologies AG, TE Connectivity., Texas Instruments Incorporated., Sensata Technologies, Inc., Littelfuse Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Analog Devices, Inc., Sensata Technologies, Inc., DENSO CORPORATION, Autoliv Inc., Maxim Integrated, Hitachi Astemo Americas, Inc., GMS Instruments BV, Broadcom., Piher Sensors & Controls and Elmos Semiconductor SE among other domestic and global players.
Key Insights that Study is going to provide:
- The 360-degree Automotive Sensors overview based on a global and regional level
- Market Share & Sales Revenue by Key Players & Emerging Regional Players
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- May vary depending upon availability and feasibility of data with respect to Industry targeted
- Patent Analysis** No of patents / Trademark filed in recent years.
- A complete and useful guide for new market aspirants
- Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
- Various Automotive Sensors industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
NXP Semiconductors., STMicroelectronics, Infineon Technologies AG, TE Connectivity., Texas Instruments Incorporated., Sensata Technologies, Inc., Littelfuse Inc., Robert Bosch GmbH, Continental AG, BorgWarner Inc., Analog Devices, Inc., Sensata Technologies, Inc., DENSO CORPORATION, Autoliv Inc., Maxim Integrated, Hitachi Astemo Americas, Inc., GMS Instruments BV, Broadcom., Piher Sensors & Controls and Elmos Semiconductor SE among other domestic and global players.
The countries covered in the Global Automotive Sensors Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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