Global Automotive Sensors Market - Analysis and Forecast: 2017-2021 (Focus on pressure sensor, inertial sensor, speed sensor, luxury cars, battery electric vehicles, heavy commercial vehicles, powertrain, and safety application)

News provided by

Jul 18, 2017, 16:01 ET

NEW YORK, July 18, 2017 /PRNewswire/ -- Global Automotive Sensors Market to Grow at a CAGR of 7.5% by 2021

Description
The overall demand for automotive sensors is significantly growing owing to factors such as increasing demand for luxury cars and stringent governmental regulations on automobile safety and emissions. Moreover, increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic is a major factor responsible for enhancing the global growth of the market. Increase in sales of Electric Vehicles (EVs) is witnessed worldwide owing to its economic, environmental, and energy benefits over conventional fuel vehicles which is expected to boost the market sales.

Read the full report: http://www.reportlinker.com/p04998403/Global-Automotive-Sensors-Market-Analysis-and-Forecast-Focus-on-pressure-sensor-inertial-sensor-speed-sensor-luxury-cars-battery-electric-vehicles-heavy-commercial-vehicles-powertrain-and-safety-application.html

The decline in sensors prices is also encouraging the automotive manufacturers for the development of automotive sensors for different applications in vehicles such as powertrain, chassis, safety and body. The market in terms of volume is estimated to witness growth at a CAGR of 7.6% over the period of 2017 to 2021. The report is a compilation of various segmentations including market breakdown by sensor type, application, vehicle type, and different geographical regions.

The report provides a detailed market analysis and forecast with respect to various sensors types in the automotive sensors market which are pressure, temperature, position, speed, level, inertial sensor, and others. On the basis of application, the automotive sensors market is segmented into powertrain, chassis, body, and safety. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed, which include conventional fuel vehicles (passenger and commercial) and electric vehicles (battery electric vehicle and hybrid electric vehicle).

The report addresses the following key questions about the global automotive sensors market:
• What is the global automotive sensors market size in terms of volume and value from 2017-2021?
• Which is the dominant sensor type by volume and value for automotive sensors market?
• What is the revenue generated by the different applications in the global sensors market 2017-2021?
• Which application will lead by volume and value in the automotive sensors market by the end of the forecast period?
• Which vehicle type in the automotive sensors market is expected to grow the fastest from 2017-2021?
• What are the different factors driving the market forward in the forecast period?
• What are the major factors challenging the growth of global automotive sensors market?
• Which type of new strategies are being adopted by existing market players to make a mark in the industry?
• Which region will lead the global automotive sensors market by the end of the forecast period?

The report includes an exhaustive analysis of the geographical split into NAFTA (the U.S, Canada, Mexico), Europe (Germany, the U.K, France, Italy, Others), Asia-Pacific (China, Japan, South Korea, India Others), South America, and Middle East & Africa. Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region.

The report examines the role of the leading market players involved in the industry. The company profiles section includes highlights of significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years (2014-2017). Some of the key players are Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (U.K), Denso Corporation (Japan), Infineon Technologies AG (Germany), Sensata Technologies, Inc. (U.S), and Analog Devices, Inc. (U.S).

Executive Summary
The dynamic evolution of the automobile industry is attributed primarily to changing consumer preferences, growing focus towards driver safety, environmental concerns, and stringent government regulations focusing towards crash avoidance rather than crash survival. Sensors play a crucial role in automotive industry as they enhance vehicle performance by ensuring vehicle safety and improving fuel efficiency. Automotive sensors have undergone rapid technological advancements in communication capabilities, electronic control systems, and size.

Easy to use micro-controller platforms, continuous product development, lower cost, newer application, and above-mentioned technological advancements have widened the applications of automotive sensors. Functions of sensors have remained same, however, sensors have largely evolved in terms of compactness, packaging, design, integration and in terms of requirement of hardware support. Rapid advancements in the automotive sensors industry have laid path for several new sensors in the market such as LiDARs, radars, cameras, and ultrasonic sensors, among others. MEMS based sensors are relatively new to the market and offer wide range of advantages over the conventional sensors, therefore, pushing the market to new heights.

The report defines and estimates the market size and future growth potential of automotive sensors market. The global automotive sensors market is estimated to reach $25.56 billion by 2021. The market is driven by a number of factors such as the rising demand of luxury and mid-size cars, increasing safety concerns, stringent governmental regulations, rising collaborations between key market players and increasing number of OEMs. In addition to this, increased market penetration of MEMS technology and safety sensors is expected to be a key factor in the growth of the automotive sensors market.

The automotive sensor market has grown organically and is on a transitional shift from traditional sensor technology to MEMS technology. The pressure sensors after others held the highest share by value in 2016 and is expected to continue its dominance in the forecast period. Factors such as miniaturization, growing demand for MEMS pressure sensor, and wide application properties have carved such a giant share for pressure sensor in the automotive sensor market.

Powertrain application dominated the automotive sensor market by value and volume in 2016. Stringent government regulations over vehicle fuel efficiency and development of the automated engine management system to increase vehicle efficiency contributed to the market size of powertrain sensors. Sensors for safety application by value and volume is expected to grow at the fastest rate among all other applications from 2017 to 2021. Factors such as growing demand of safety system in luxury, mid-range and commercial vehicles along with stringent government regulations with regard to safety of vehicles is expected to boost the automotive safety sensor market in the forecast period.

Conventional fuel vehicles contributed maximum to the automotive sensors market by volume as well as revenue. However, electric vehicle sensor market is expected to grow at the fastest rate during the forecast period. Factors such as growing concerns about environmental protection, increasing sales of EVs, and governmental initiatives have propelled the market to grow at a dynamic pace.

This report also covers the global automotive sensors market, by geography and consequently provides the revenue of the key regions which include North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. APAC dominated the global automotive sensors market by volume and value in 2016. Factors such as the growing automotive industry, rising disposable income, and increasing manufacturing facilities have contributing to the market size in the APAC region. Europe is expected to grow at a faster rate in comparison to other regions between 2017 and 2021. Factors such as increased demand for electric and luxury vehicles, high presence of sensor manufacturers, and stringent government regulations with regard to installation of Advanced Driver Assistance Systems (ADAS) will drive the market growth in Europe.

Read the full report: http://www.reportlinker.com/p04998403/Global-Automotive-Sensors-Market-Analysis-and-Forecast-Focus-on-pressure-sensor-inertial-sensor-speed-sensor-luxury-cars-battery-electric-vehicles-heavy-commercial-vehicles-powertrain-and-safety-application.html

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

http://www.reportlinker.com

__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001