Sarasota, FL -- (SBWIRE) -- 04/24/2018 -- Global Automotive Sensors Market: Overview

The automotive sensors measure, detect and transmit the data, which helps in monitoring the performances and capabilities of the vehicles. These sensors make use of IC fabrication equipment made up of silicon wafers. Automotive sensors analyze and control the physical, chemical, and technical changes of the automobiles. Sensors are mainly utilized to reduce the fuel usage, decrease the onboard weight of the vehicle, and act in accordance with the government rules and regulations towards the passenger's safety and security.

Global Automotive Sensors Market: Growth Factors

The overall popularity and demand for the automotive sensors market are considerably growing due to different factors such as growing demand for luxury cars and strict governmental rules & regulations on automobile safety & security and emissions. In addition, improved market penetration of sensors such as radar, LiDAR, ultrasonic, and cameras is the major factor responsible for increasing the growth of the market. Growth in sales of electric vehicles is witnessed globally since they are environment-friendly, economical, and energy efficient over conventional vehicles thus anticipating to boost the automotive sensors market growth in the future. The decrease in the sensors prices propels the automotive manufacturers for the expansion of automotive sensors for various applications in vehicles such as; chassis, powertrain, safety, and body. The other major factor that is driving the global automotive sensors market is advanced technology and miniaturization, which enables their amalgamation into vehicles without getting intrusive with the general functionalities of the motor vehicle. The increase in highly developed electronic control systems has made sensors more precise and consistent while rising the response period, sturdiness, and competence. The constant innovations and investments in research & development to meet the varying consumer preferences has led to superior fabrication methods and improved sensing abilities at a much lower cost which is acting as the major driving factor for the automotive sensors market.

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Global Automotive Sensors Market: Segmentation

The global automotive sensors market is segmented based on sensor type, vehicle type, and by the application. Based on sensor type, the market is segmented into temperature sensor, pressure sensor, speed sensor, O2 sensor, NOx sensor, position sensor, image sensor inertial sensor, and others. Based on vehicle type, the automotive sensors market is classified into the heavy commercial vehicle (HCV), light commercial vehicle (LCV), and a passenger car. Based on application, the market is divided into chassis, telematics, safety & control, exhaust, powertrain, body electronics, and others.

Global Automotive Sensors Market: Regional Analysis

Regionally the global automotive sensors market is classified into Europe, North America, Asia Pacific, and the Middle East & Africa. North America anticipates being the leading market for the automotive sensors market, which is followed by the Asia Pacific and Europe. Germany is expected to grow at a significant rate as compared to China and the European market. It is also estimated that Japan will lead the Asia Pacific market in the future. The growth is anticipated to be highest in the Asia Pacific mainly owing to the growing economy. The Middle East is expected to grow at a low rate in the years to come

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Global Automotive Sensors Market: Competitive Players

Some of the important market players in the global automotive sensors market are Continental AG, DENSO Corporation, Analog Devices Inc., STMicroelectronics, Robert Bosch GmbH., and Infineon Technologies AG, among others.

Global Automotive Sensors: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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