Automotive Sensors Market Analysis: Share, Size, and Forecast
Automotive Sensors Market Overview
The size of the global automotive sensors market will increase USD 11 billion between 2016-2021, accelerating at a CAGR of 7% during the forecast period. This growth in market size will be attributed to the introduction of stringent emission norms. With growing health and environmental concerns, governments across the globe are focusing on implementing stringent emission norms and since emission sensors play a major role in decreasing the emission of toxic gases from vehicles, the introduction of such automotive emissions, will drive the growth of automotive sensor market.
The implementation of HDR camera sensors is the major emerging trend expected to gain traction within in the automotive sensors market space during the forecast period. Since self-driving cars primarily use radars, LiDAR sensors, and video cameras for tracking road signs, vehicles, pedestrians, and other obstacles, sensors that are being used in most self-driving vehicles face challenging situations such as flickering LEDs or a sudden transition into a tunnel on a sunny day. To combat these challenges, HDR sensors are being designed to withstand all extreme conditions. For example, Sony's latest automotive camera sensor has high sensitivity, high dynamic range (HDR) capability and anti-flicker technology that is designed specifically to help autonomous vehicles function in less than ideal conditions. Other insights provided within our automotive sensors market reports include:
Automotive Sensors Market Insights
- Improvising occupant safety across the value chain will be one of the primary growth factors for the automotive seat belt sensor market. Increasing focus on passenger safety is influencing automobile manufacturers to adopt of passive and active safety systems, which will drive the growth of this market through 2021.
- The high penetration of electric power steering (EPS) systems in passenger vehicles and light commercial vehicles will be the primary factors driving market growth for the automotive steering torque sensor market. EPS systems are equipped with electric motors and a control unit connected to the sensors, which enables drivers to steer the wheel with less manual force. Moreover, electric steering systems are light-weight, easy to maintain, and offer high energy efficiency.
- The increasing preference for electronic components in vehicles will be one of the primary growth drivers for the global automotive fuel level sensor market. The electrification of automotive components is gaining popularity due to the growing demand for safety, stability, performance, and comfort. Owing to factors such as growing government regulations and safety concerns, technological advancements, and the preference for these sensors in both commercial vehicles and passenger cars, the adoption of these sensors will increase through 2021.
- The growth of electronics in automobiles to measure vehicle performance will be one of the primary growth factors for the automotive speed sensor market. Automotive sensors are pervasively used in several automotive applications such as detecting the temperature outside, sensing speed, and pressure.
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Automotive Sensors Market Share and Segmentation
Within our automotive sensors industry analysis, we provide deep insights into the market landscape, its segments, and their market share. Our research experts segment this market by automotive sensors types, vehicle types, and applications. By application, the powertrain sensors segment owns the largest market share within the automotive sensors industry, holding a lead behind the automotive chassis sensors segment.
Automotive Powertrain Sensors Market
The global automotive powertrain sensors market will grow at a CAGR of 6% between 2017-2021, reaching USD 26.5 billion in market size by the end of the forecast period. This growth in market size will be attributed to owing to rising demand for fuel-efficient, low emissions, and safe vehicles. Process sensors are the largest segment, accounting for approximately 48% of the automotive powertrain sensors market share. These sensors are typically used to monitor temperature and pressure for applications about passenger safety and vehicle security. We forecast the size of the global process sensors market to reach nearly USD 13 billion by 2021.
Automotive Chassis Sensors Market
During the forecast period 2017-2021, the global automotive chassis sensors market is expected to grow at a CAGR of around 3%, owing to the growing acceptance of sensor technology and the implementation of stringent regulations for emission control. Regionally, the Asia-Pacific (APAC) dominates the automotive chassis sensors market, accounting for nearly 50% of the market share in 2016. The growing demand for vehicles from APAC countries like China, South Korea, and India is attracting global automotive manufacturers to invest and run operations in these countries, which will further drive the growth of the automotive chassis sensors market in the region.
Our automotive sensors market segmentation research offerings include:
- Automotive Sensors Market by Type
- Automotive pressure sensor market
- Automotive temperature sensor market
- Automotive speed sensor market
- Automotive position sensor market
- Automotive O2 sensor market
- Automotive Ox sensor market
- Automotive inertial sensor market
- Automotive image sensor market
- Automotive micro-electro-mechanical sensor market
- Automotive Sensors Market by Application
- Automotive powertrain sensor market
- Automotive chassis sensor market
- Automotive exhaust market
- Automotive safety & control market
- Automotive body electronics market
- Automotive telematics market
- Automotive Sensors Market by Vehicle Type
- Automotive sensors for passenger cars market
- Automotive sensors for Light commercial vehicles market
- Automotive sensors for Heavy commercial vehicles market
We at Technavio, with our comprehensive understanding of the automotive sensors market, have been monitoring the latest industry trends and developments to create an in-depth portfolio market research reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our automotive sensors market reports offer the following insights:
- Automotive sensors market growth
- Automotive sensors market forecast
- Automotive sensors market size
- Automotive sensors market share
- Automotive sensors market trends
- Automotive sensors market vendor landscape
- Automotive sensors market industry statistics
Automotive Sensors Market Research: Report Catalog
- Global Automotive Sensors Market
- Global Automotive LiDAR Sensors Market
- Global Automotive Oxygen Sensor Market
- Global Automotive HVAC Sensors Market
- Global Automotive Torque Sensor Market
- Global Automotive Wheel Speed Sensor Market
- Global Automotive Level Sensor Market
- Global Automotive Parking Sensors Market
