Automotive Sensors Market Recent Trends 2027 by Emergen Research

The Global Automotive Sensors Market is projected to reach USD 48.29 billion in 2027. The continual development in automotive electronics sensors application and technology, the rising concern for safety, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and increasing use of sensors in hybrid semi hybrid and electric cars are boosting the demand of automotive sensors market

The leading players in the market include Robert Bosch, Continental AG, Delphi Automotive, Denso Corporation, Infineon Technologies, Sensata Technologies, Allegro Microsystems, Analog Devices, Elmos Semiconductor, and CTS Corporation, among others.

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Usage of sensors have been enormous in automotive. Sensors are being used in almost all parts of the vehicle like chassis, engines, clutch, brakes, transmission, control, and safety. Automotive sensors are majorly used in powertrains to monitor speed, position, pressure, gas, and temperature inside the engine.

These sensors are required for safe and efficient operations of powertrains. Emission regulations and stringent fuel-efficiency norms formulated by several governments of different countries are propelling the growth of the market in this segment. Meeting analog information related to temperature and pressure of automobiles for use by their digital control units is critical to meet desired fuel-efficiency and emission regulations. These sensors help vehicle’s engines in burning fuel more efficiently by providing precise data to engines to improve the fuel efficiency according to requirements of the vehicles.

Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Temperature
2. Thermocouple
3. Thermistor
4. MEMS
5. Resistance temperature detector
6. IC temperature sensor
7. Others

Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Passenger Vehicle
2. Mid-sized car
3. Sedan
4. Minivan
5. Convertible
6. Crossover
7. Hatchback
8. Others

Propulsion Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Electric Vehicles
2. Battery Electric Vehicle
3. Fuel Cell Electric Vehicle
4. Hybrid Electric Vehicle
5. Plug-in Hybrid Electric Vehicle
6. Gasoline Powered

Applications Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Powertrain
2. Chassis
3. Exhaust
4. Safety & Control
5. Body Electronics
6. Telematics
7. ADAS
8. Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. MEA

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

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Key Highlights from the Report

In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.

The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.

Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Automotive Sensors market.

The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.

The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.