The ability of the automotive sensors to monitor vehicle safety, engine efficiency, driving comfort and vehicle dynamic behavior is expected to promote its demand in near future. On the other hand, the technological advancements coupled with rising hybrid & electric vehicle production is expected to open new opportunities for the market growth.
According to a recent report published by Allied Market Research, titled, “Automotive Sensors Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2016-2022,” the global market was valued at $22 billion in 2015, and is expected to reach $37 billion by 2022, growing at a CAGR of 7.5% from 2016 to 2022. MEMS sensor is expected to dominate this market from 2016 to 2022. Europe would continue to lead, accounting for approximately 35% share of the world
automotive sensors market revenue in 2015.
The powertrain segment accounted for about 53% of the overall automotive sensors market revenue in 2015. Increasing demand of powertrain market for automated transmission and high utility of lightweight materials for reducing fuel consumption are the key factors driving the usage of automotive sensors.
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MEMS sensor segment is projected to maintain its lead in the overall automotive sensors market due to its increasing application in powertrain, safety & security, body electronics and among other. The growing demand of automotive sensors in North America and Asia-pacific have further boosted the market growth.
However, Asia-Pacific is expected to be the fastest growing region throughout the analysis period. Japan, being dominant in the Asia-Pacific especially in MEMS sensor market. This is a result of increasing spending in R&D. Also, improving automobile production and increasing expenditures in the emerging markets (such as India and China) to overcome the unmet consumer needs in these countries would bolster the market growth.
Key Findings of Automotive Sensors Market:
MEMS sensor would lead the overall automotive sensors market, accounting for over 40% of the automotive sensor market revenue throughout the analysis period.
Powertrain is the predominant application segment and is expected to maintain its dominance throughout the forecast period as automotive sensors are increasingly being utilized in powertrains to reduce carbon emissions and enhance fuel efficiency.
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Asia Pacific is anticipated to register the fastest CAGR of 8% during the forecast period.
Japan is the major shareholder accounting for about 27% share of the overall Asia-Pacific automotive sensors market.
The key players in the automotive sensors market are focused on expanding their business operations in the fast-growing emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Robert Bosch GmbH, Denso Corporation, Continental AG Corporation, Sensata Technologies, Autoliv Inc., Infineon Technologies, Delphi Automotive LLP, Freescale Semiconductors, Analog Devices Inc. and Asahi Kasei Corporation.
CHAPTER 1 INTRODUCTION
1.2 key benefits for stakeholders
1.3 key market segments
CHAPTER 2 EXECUTIVE SUMMARY
2.2 Market snapshot
2.3 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.3 Top winning strategies
3.4 Top investment POCKETS
3.5 Porters five forces analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of substitution
3.5.4 Threat of new entrants
3.5.5 Competitive rivalry
3.6 Market share analysis, 2015
3.7.1 Increasing use of sensors in hybrid and electric cars
3.7.2 Favorable legislations for use of automotive sensors
3.7.3 Consumer concerns about vehicle security and environment safety (includes image sensor)
3.8.1 High development cost including raw material cost
3.9.1 Use of automotive sensors in autonomous cars
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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