Automotive Sensors Market Overview: 2022-28

Base Year: 2021

Historical Years: 2017-20

Forecast Years: 2022-27

The Automotive Sensors Market is expected to observe around 6.8% CAGR in the forecast period of 2022-27. The market growth is likely to be driven primarily by the rapidly surging automobile production worldwide, the emerging trend of electrification in the automotive sector, and mounting customer requirements for enhanced comfort & safety in vehicles. 

Markntel Advisor’s Automotive Sensors Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Automotive Sensors Market drivers, barriers, Automotive Sensors Market Trends, and Key Players in Automotive Sensors Market.

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Automotive Sensors Market Dynamics: 2022-27

Mounting Consumer Interest in Autonomous Vehicles: The growing adoption of ADAS & AD (Autonomous Driving) systems integrated with various position, temperature, speed, image sensors, etc., is the prime aspect projected to drive the Global Automotive Sensors Market during 2022-27. Besides, numerous ongoing R&D activities on enhancing the autonomous abilities of vehicles owing to stringent government regulations & growing consumer awareness regarding vehicle safety are other prominent aspects projected to accelerate the demand for automotive sensors worldwide in the coming years.

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Automotive Sensors Market (2022-27): Segmentation Outlook

The market report has segmented the market into the following categories:

·       By Sensor Type

o   Temperature

o   Pressure

o   Speed

o   Position

o   Others (Magnetic, Gas, Inertial, etc.)

According to report, Amongst them all, Position sensors held the largest share in the Global Automotive Sensors Market, and the same trend is expected during 2022-27.

·       By Application

o   Powertrain

o   Chassis

o   Exhaust

o   Telematics

o   Safety & Control

According to report, Here, the powertrain and safety & control applications are the most prominent contributors to the growth of the global market.

·       By Vehicle Type

o   Passenger Cars

o   Light Commercial Vehicles (LCV)

o   Heavy Commercial Vehicles (HCV)

·       By Sales Channel

o   OEMs

o   Aftermarket

·       By Region

o   North America

o   South America

o   Europe

o   Asia-Pacific

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Automotive Sensors Market:

• Allegro Microsystems, LLC
• BorgWarner, Inc.
• CTS Corporation
• Continental AG
• Denso Corporation
• Elmos Semiconductor
• Infineon Technologies AG
• NXP Semiconductors
• Robert Bosch GmbH
• STMicroelectronics
• Texas Instruments Incorporated
• Others

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