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The automotive sensors market share in France is expected to increase by USD 739.69 million from 2021 to 2026, at a CAGR of 8.2%.
This automotive sensors market in France research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive sensors market in France segmentations by application (passenger cars and commercial vehicles) and distribution channel (OEM and aftermarket). The France automotive sensors market report also offers information on several market vendors, including ABB Ltd., Analog Devices inc., BorgWarner inc., Cepton Technologies, inc., Continental AG, DENSO Corp., First Sensor AG, General Electric Co., HELLA GmbH and Co. KG, infineon Technologies AG, innoviz Technologies Ltd., LeddarTech inc., Luminar Technologies inc., NXP Semiconductors NV, Quanergy Systems inc., Robert Bosch GmbH, TE Connectivity Ltd., Texas instruments inc., Velodyne Lidar inc., and ZF Friedrichshafen AG among others.
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The increasing demand for vehicle and environmental safety is notably driving the automotive sensors market growth in France, although factors such as the shortage of semiconductors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive sensors industry in France. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Sensors Market in France Driver
The increasing demand for vehicle and environmental safety is one of the key drivers supporting the automotive sensors market growth in France. The automotive industry has been witnessing growing demand for fuel- efficiency, safety, and reduced emissions in the interests of promoting better driving and travel experience for consumers. Therefore, consumer preferences tend to increase automotive engine sensor adoption as they are inclined toward better safety and performance features. Meanwhile, safety systems alert drivers and help prevent the impacts of potential accidents. They prevent vehicle accidents during critical situations and minimize passenger injuries. Thus, the adoption of such technologies is expected to boost the growth of the France automotive sensors market during the forecast period.
Key Automotive Sensors Market in France Trend
A rise in electrification in automotive is one of the key France automotive sensors market trends contributing to the market growth. Automakers are going all-in on electric vehicles (EVs) due to government targets to reduce carbon dioxide emissions in France. In view of this, EVs have increased requirements for current, voltage, temperature, and humidity sensors due to the presence of large subsystems, which require close monitoring to minimize the threat of current surges, thermal runaway, and corrosion or shorts from moisture leakage. Therefore, they need high sensor accuracy to decrease EV charging time and extend battery life. Therefore, increased EV production is expected to positively impact the demand for automotive sensors in France during the forecast period.
Key Automotive Sensors Market in France Challenge
The shortage of semiconductors is one of the factors hampering the automotive sensors market growth in France. New car registrations in France plunged 31% in October 2020 compared with the same period last year as the semiconductor shortage crippled production in Europe. Similarly, the manufacturing of motor vehicles in France declined by 7.9% in May 2021 compared to the previous month. Well, the pandemic caused a shift in consumer spending toward electronics and boosted the demand for semiconductor chips, leading to a global shortage of semiconductor chips for every industry. Such factors are expected to negatively impact the growth of the market during the forecast period.
This automotive sensors market in France analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the automotive sensors market in France as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive sensors market in France during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive sensors market in France encompasses successful business strategies deployed by the key vendors. The automotive sensors market in France is fragmented and the vendors are deploying growth strategies such as price, technology, quality, brand identity, and distribution to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive sensors market in France forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive sensors market in France, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The automotive sensors market share growth in France by the passenger cars segment will be significant during the forecast period. Automotive sensors have proven beneficial for the smooth functioning of passenger car engines by regulating fuel consumption and improving car efficiency along with monitoring fuel usage, automotive sensors control temperature and pressure and monitor powertrain, currents, and lighting. Numerous automotive sensors are used in modern-day passenger cars that help in the proper functioning of the vehicle, reducing emissions, increasing operational efficiency, and improving the safety of the vehicle. Such factors will drive segment growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive sensors market size in France and actionable market insights on the post-COVID-19 impact on each segment.
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Automotive Sensors Market Scope in France |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 8.2% |
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Market growth 2022-2026 |
$ 739.69 million |
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Market structure |
Fragmented |
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YoY growth (%) |
9.66 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., Analog Devices inc., BorgWarner inc., Cepton Technologies, inc., Continental AG, DENSO Corp., First Sensor AG, General Electric Co., HELLA GmbH and Co. KG, infineon Technologies AG, innoviz Technologies Ltd., LeddarTech inc., Luminar Technologies inc., NXP Semiconductors NV, Quanergy Systems inc., Robert Bosch GmbH, TE Connectivity Ltd., Texas instruments inc., Velodyne Lidar inc., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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