Global Automotive Sensors Market 2017-2021

The global automotive sensors market size will grow at a CAGR of 7% during 2017-2021. The market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. This industry research report identifies Bosch, Continental, Delphi Automotive, DENSO, and Sensata Technologies as the key vendors in the global automotive sensors market. A comprehensive analysis of this market is also presented by application (powertrain and engine control, chassis control, and others), by vehicle type (passenger cars and commercial vehicles), and by geography (the Americas, APAC, and EMEA).

Overview of the global automotive sensors market

According to Technavio’s market research analysis, the introduction of stringent emission norms will be one of the major factors that will have a positive impact on the growth of the global automotive sensors market during the forecast period. Our market research analysts predict that in terms of units, this market will grow at a CAGR of about 7% by 2021. With the growing health and environmental concerns, governments across the globe are focusing on implementing stringent emission norms. Since emission sensors play a major role in in decreasing the emission of toxic gases from vehicles, the introduction of such automotive emissions, will drive the growth of this global market.

In terms of geographic regions, APAC will be the major revenue contributor to the automotive sensors market throughout the forecast period. China, India, Japan, and South Korea are the developing countries in APAC with significant growth potential for the passenger car segment. This induces automotive manufacturers to invest in technology and mass production systems, which in turn, drives the demand for automotive sensors in this region.

What's your takeaway?

Technavio's industry research report titled, Global Automotive Sensors Market, will help you-

• Identify latent opportunities and explorative solutions in the automotive sensors market 
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors  

The automotive sensors market consists of well-diversified global and regional vendors. With the established automotive sensor manufacturers focusing on expanding their presence, the regional vendors are increasingly finding it difficult to compete based on quality, safety, and price. The competitive environment in this market will intensify in the coming years with the increase in the utilization of sensors due to the implementation of government regulations and high consumer demand for advanced safety features.

The leading vendors in the market are –

• Bosch
• Continental
• Delphi Automotive
• DENSO
• Sensata Technologies

The other prominent vendors in the market are Autoliv, Bourns, CTS, Faurecia, GE Measurement & Control Solutions, Gill Sensors & Controls, Hamamatsu, Hitachi, Hyundai KEFICO, Infineon Technologies, Murata, NGK Spark Plug, NXP Semiconductors, Panasonic, ST Microelectronics, Stoneridge, Takata, Tenneco, Valeo, and ZF TRW.

Segmentation by application and analysis of the automotive sensors market

• Powertrain and engine Control
• Chassis Control

During 2016, the power train and engine control segment accounted for the major shares of the automotive sensors market. Factors such as the increasing utilization of sensors such as pressure sensors, temperature sensors, and speed sensors in automobiles and the introduction of improved technologies in engine components, will contribute to the growth of this industry segment in the coming years.

Segmentation by vehicle type and analysis of the automotive sensors market

• Passenger cars
• Commercial vehicles

According to this market research report, the passenger cars segment will hold the maximum share of the automotive sensors market until 2021. The introduction of advanced technologies and new safety features and the growth in demand for luxury and high-end passenger vehicles, will drive the market’s growth prospects in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive sensors market?
• What are the key automotive sensors market trends impacting the growth of the market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive sensors market?
• What are the market opportunities and threats faced by the vendors in the global automotive sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive sensors market?