Automotive sensors markets expected to be driven by the safety and control application.
The automotive sensors market is expected to grow at a CAGR of 7.72% between 2015 and 2020. Government regulations for safety, efficiency, and driver assistance; increasing vehicle production worldwide; and growing demand for sensors for the convenience and comfort are the major drivers for the automotive sensors market.
Image sensors expected to grow at the highest rate during the forecast period.
The market for image sensors is expected to grow at the highest CAGR during the forecast period. The ability of image sensors to detect and convey the information that constitutes an image has found its application in various safety applications such as collision avoidance systems, lane departure warning systems, lane change assistance, driver drowsiness detection among others and is expected to drive the market.
Asia-Pacific to be the leading region during forecast period.
Asia-Pacific accounted for the largest share of the automotive sensors market in 2014 and is expected to grow at the highest CAGR during the forecast period. Increasing automobile production in China, India, and Indonesia is expected to drive the market in the region.
Key players in the market include Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Delphi Automotive Plc (U.K.), Autoliv Inc. (U.S.), Autoliv Inc. (U.S.), Sensata Technologies, Inc. (U.S.), Infineon Technologies AG (Germany), Freescale Semiconductor Ltd. (U.S.), and STMicroelectronics N.V. (Switzerland) among others.