Automotive sensors are essential components which can be used to process and control the pressure of temperature, oil, coolant and level of emissions etc. There are many different types of sensors used in automobiles such as mass air flow sensor, engine speed sensor, oxygen sensor, manifold absolute pressure sensor. Main function of sensor is to measure and monitor a huge range of vehicle parameters such as fuel consumption and airbag deployment. These sensors ensure effective and safe operation of vehicle by analyzing, controlling and detecting the performance of external and internal atmosphere of the vehicle. Sensors are implemented in vehicles to fasten the reliability of the vehicles and the safety concerns of the passengers. The growth of the automobile sensor market is anticipated due to increased demand of safety features in the vehicles and strict emission standards.
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AUTOMOTIVE SENSORS MARKET DYNAMICS
Growing demand and adoption of advanced technologies is fueling up the growth of the automotive sensor market. Automotive manufacturers are encouraging the replacement of optical systems or potentiometers that make use of conventional position sensing mechanisms with non-contact 3D magnetic sensors. These sensors help in reducing errors by a considerable margin owing to wear or contamination, ensure stable measurements and save space in high temperature environment. Growing demand of pressure sensors is anticipated to augment the market growth at a significant pace. The pressure sensors are integrated in side car doors to deliver digital crash signals to the central airbag unit to avoid any accidents. Furthermore, in diesel engines and gasolines, air pressure sensors are used to control engine effectiveness by efficiently controlling spark advancements. Furthermore, increasing growth of autonomous vehicles is another key factor which is fueling up the demand for automotive sensors in the market. However, high cost of implementation and various limitations which are applied under severe weather conditions hampers the market growth. Number of sensors which are used in automobiles have restricted bandwidth signal and range of measurement which further creates problem in differentiating between signals i.e., road obstacles and system noise.
COVID 19 IMPACT ON AUTOMOTIVE SENSORS MARKET
COVID-19 pandemic has spread across 215 countries worldwide affecting various industries worldwide. To effectively control cash flows in this pandemic investors and equipment manufacturers are anticipated to reduce innovation funding to control the movement of day-to-day cash flow. Key players are further expected to reprioritize investment plans and strategic plans. Hence, various pandemic measures taken worldwide may lead to delay in adoption and development of smart technologies such as autonomous driving (AD).
AUTOMOTIVE SENSORS MARKET SEGMENTAL OVERVIEW
The report analyses of the automotive sensors market based on sensor type, vehicle type, application and by geography.
AUTOMOTIVE SENSORS MARKET BY SENSOR TYPE
By Sensor type, the global automotive sensors market is segmented into image sensors, position sensors, temperature sensors, pressure sensors, MEMS, others. Position sensors are used in vehicles to determine pedal position, steering wheel position, position of numerous actuators and flap position and for various other applications in the vehicle. They can be further used to convey data and detect data regarding roof or door closure, seat position and activation of basic functions of the automobile accordingly. Therefore, many benefits provided by position sensors makes it a major segment in automotive sensor market.
AUTOMOTIVE SENSORS MARKET BY VEHICLE TYPE
The automotive sensors market by vehicle type is classified into LCV, HCV and passenger car. Passenger cars segment holds the largest share. To meet the demand for personal mobility solutions and optimization of fuel consumption, the demand for automotive sensors have increased. Sensors such as coolant sensors, airflow sensors and oxygen sensors help vehicle by monitoring temperature changes, controlling emission rate and delivers signals to the engine control unit to adjust spark timing and supply accurate fuel delivery. Therefore, greater consumer demand for environment friendly vehicles and safety concerns have led to the growth of the passenger car segment which holds the largest market share.
AUTOMOTIVE SENSORS MARKET BY APPLICATIONS
The automotive sensors market by applications is classified into chassis, safety & security, body electronics, powertrain, others.
AUTOMOTIVE SENSORS MARKET BY GEOGRAPHY
Geographically, the automotive sensors market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. Asia Pacific region is currently showing the highest growth with the significant growth in CAGR rate due to availability of low-cost labor and automotive production cost. The region is popular for compact production and cost-effective cars and contribute to some of the fastest developing economies of the world, including India and China. The growth of the automotive sensor market is due to rise in population and increasing income levels. Easy availability of economic labor, government investments and safety norms are the factors leading to the growth of the automotive sensor market in APAC region. The growth of automotive production levels is further supported by the increase in inclination of the consumers towards safety, comfort and luxury.
AUTOMOTIVE SENSORS MARKET KEY PLAYERS
Some of the major players operating in this market include Robert Bosch (Germany), Delphi Automotive (UK), Continental AG (Germany), Allegro Microsystems (US), Sensata Technologies (US), Denso Corporation (Japan), Infineon Technologies (Germany), Analog Devices (US), Elmos Semiconductor (Germany), and CTS Corporation (US).
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