This industry research report segments the global automotive sensors market by area of application (powertrain and engine control, chassis control, and others), by sensor type (process sensors, position sensors, rotational motion sensors, and others), by vehicle type (passenger cars and commercial vehicles), and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Bosch, Continental AG, Delphi Automotive, DENSO, and Sensata Technologies
Technavio’s market research analysts estimate the global automotive sensors market to grow at a CAGR of around 7% between 2016 and 2020. Recently, the automotive industry has been witnessing growing consumer demand for fuel-efficiency, safety, and reduced emissions in the interests of promoting a better driving and travel experience. This has led to the recent increase in the number of sensors that measure the ambient conditions within the vehicle for passenger convenience and also ensure driver comfort. APAC is the largest market for automotive sensors, owing to the increased demand for passenger cars in this region. This has pushed numerous car manufacturers to establish their manufacturing units in APAC.
The new market research report from Technavio provides a breakdown and analysis of the automotive sensors segments by technology.
“Growing acceptance of semi-autonomous vehicles is propelling the growth of automotive sensor market. This has accelerated the demand for self-driving or unmanned vehicles, which are expected to gain a considerable market share by the end of 2020. Automotive majors such as Mercedes-Benz and BMW are in advanced levels of manufacturing such self-driven cars. Also, the manufacturers are expanding the application areas of cameras and multiple sensors to detect multiple conditions within the car, owing to several technological advancements,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research
The powertrain and engine control segment is expected to account for more than 71% of the total market revenue by 2020. Sensors designed for powertrain and engine control are used to monitor engine cylinders, combustion, emission, crankshafts, camshafts, fuel injection, engine diagnostics, and the gearbox. The ability of these sensors to detect changes in pressure, temperature, vibration, mass flow, volume flow rate, torque, valve position, and rotational motion will lead to its augmented utilization during the forecast period.
The leading players in the global automotive sensors market are Bosch, Continental AG, Delphi Automotive, DENSO, and Sensata Technologies. This market is highly fragmented owing to the presence of a large number of established manufacturers and a significant number of small and medium-sized enterprises. The market is also characterized by the presence of well-diversified global and regional vendors. The competitive nature of this market is envisaged to intensify as more sensors enter the mass market, which is inevitable in the wake of increasing government regulations and consumer demand for automotive safety and advanced features.
A more detailed analysis is available in the Technavio report, Global Automotive Sensors Market 2016-2020.
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