The automotive powertrain sensors market size has the potential to grow by USD 0.16 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by type (process sensors, position sensors, and others) and geography (APAC, Europe, North America, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BorgWarner Inc., Continental AG, DENSO Corp., Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, Sensata Technologies Holding Plc, Texas Instruments Inc., and ZF Friedrichshafen AG.
Market Overview
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Market Competitive Analysis
The market is fragmented. The market consists of a number of international vendors and is dominated by players who have a differentiated and efficient product portfolio. Moreover, the company mainly focuses on innovating their products and recently unveiled the smallest barometric pressure sensor in the market. BorgWarner Inc., Continental AG, and DENSO Corp. are some of the major market participants. Although the increased adoption of electronics in modern vehicles will offer immense growth opportunities, the increasing adoption of EVs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this automotive powertrain sensors market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive powertrain sensors market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BorgWarner Inc.
- Continental AG
- DENSO Corp.
- Infineon Technologies AG
- Murata Manufacturing Co. Ltd.
- NXP Semiconductors NV
- Robert Bosch GmbH
- Sensata Technologies Holding Plc
- Texas Instruments Inc.
- ZF Friedrichshafen AG
Automotive Powertrain Sensors Market: Segmentation by Type
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Process sensors are used in several application areas in automobiles. The introduction of stringent regulations pertaining to passenger safety and vehicle security by several regulatory authorities across will drive the adoption of safety systems, in turn, fueling market growth.
Market growth in this segment will be slower than the growth of the market in the position sensors segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive powertrain sensors market size.
Automotive Powertrain Sensors Market: Segmentation by Geography
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South America was the largest automotive powertrain sensors market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased demand for passenger cars and the rise in infrastructure developments will significantly drive automotive powertrain sensors market growth in this region over the forecast period.
44% of the market’s growth will originate from South America during the forecast period. Brazil and Argentina are the key markets for automotive powertrain sensors in South America. Market growth in this region will be faster than the growth of the market in North America and Europe.
Automotive Powertrain Sensors Market: Key Drivers and Trends
The automotive powertrain sensors market will register a CAGR of almost 1% by 2024. The increased adoption of automatic transmission is one of the major factors driving market growth. Automatic transmission solves the difficulty of selecting the correct gears and the development of gear-neutral sensing improves the gear shifting process. With automotive manufacturers including functions from stop-start to double clutches to differentiate their products, the market will witness significant growth since powertrain sensors have become one of the crucial components in powertrain.
Due to the characteristics such as high sensitivity and low power consumption of ceramic transducers, automotive original equipment manufacturers (OEMs) will soon start preferring ceramic capacitive pressure sensors. Additionally, advantages such as the elimination of the need of a medium such as oil for pressure transmission and simple packaging, will also induce OEMs to use ceramic sensors especially for medium pressure ranges.
Automotive Powertrain Sensors Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive automotive powertrain sensors market growth during the next five years
- Precise estimation of the automotive powertrain sensors market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive powertrain sensors market industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive powertrain sensors market vendors
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