The global automotive sensors market is growing at a significant CAGR of around 11.2% during the forecast period. The market growth is attributed to the favorable government support for increasing passenger safety and security. Further, the increasing development in advanced driver-assistance systems (ADAS) technology tend to create demand for automotive sensors, which in turn, will drive the growth of the global market. For instance, in August 2020, Automotive technology company Veoneer, Inc. and Qualcomm Technologies, Inc. decided to collaborate on the delivery of scalable ADAS, Collaborative and Autonomous Driving (AD) solutions powered by Veoneer’s next-generation perception and driving policy software stack and Qualcomm Snapdragon Ride ADAS/AD scalable portfolio of System on a Chip (SoC), and Accelerators.
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Moreover, in January 2021, Magna announced to collaborate with Fisker to develop an ADAS, which will be applied to the Fisker Ocean SUV that is expected to launch in late 2022. Magna and Fisker will work together to develop unique ADAS features, and a suite of software packages powered by a scalable domain controller architecture. In addition to leveraging cameras and ultrasonic sensors, the ADAS package includes a unique and first-to-market digital imaging radar technology. Such developments in the industry will significantly create demand for automotive sensors and hence will drive the market growth.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Sensors Market by Sensor Type
- Position Sensor
- Pressure Sensor
- Temperature Sensor
- Speed Sensor
- Others (Image Sensors, Inertial)
Global Automotive Sensors Market by Vehicle Type
- Commercial Vehicle
- Passenger Cars
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profile
- Allegro Microsystems, Inc.
- Aptiv PLC
- Analog Devices Inc.
- Autoliv, Inc.
- Robert Bosch GmbH
- Bourns Inc.
- Continental AG
- CTS Corp.
- Denso Corp.
- Elmos Semiconductor SE
- General Electric Co.
- Honeywell International Inc.
- Infineon TechnologiesAG
- LeddarTech Inc.
- NXP Semiconductors NV
- Quanergy Systems Inc.
- Sensata Technologies, Inc.
- STMicroelectronics NV
- Stoneridge Inc.
- TE Connectivity Ltd.
- Velodyne Lidar Inc.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global female infertility diagnosis and treatment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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