The global automotive sensor market is projected to grow at a considerable CAGR of around 11.2% during the forecast period. The market growth is attributed to the increasing demand for automobile electrification, and rising demand for advanced driver-assistance systems (ADAS). The companies are aggressively working in ADAS technology especially to augment self-driving technology and hence driving the growth of the global automotive sensors industry. For instance, in April 2019 German auto ancillary giant ZF, introduced ZF coPILOT, an intelligent ADAS to the safety and driving comfort of the vehicle. The new ZF coPILOT provides improved quality in semi-automated driving and will surpass the performance of a regular Level 2 system for semi-automated driving. The commercial production will start in 2021.
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Moreover, in October 2019 Elekrobit launched a new cloud-based tool for end-to-end software validation for the development of ADAS and autonomous driving system, which are available on Microsoft’s cloud platform Azure. Such developments in the ADAS technology significantly create demand for automotive sensors and hence directly impact the growth of the global automotive sensors market.
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Market Coverage
- Market Number Available for – 2020-2027
- Base Year- 2020
- Forecast Period- 2021-2027
- Segment Covered-
o By Sensor Type
o By Vehicle Type
- Region Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Robert Bosch GmbH, Denso Corp., Continental AG, CTS Corp., Infineon Technologies Inc.
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Sensors Market Report Segment
By Sensor Type
- Position Sensor
- Pressure Sensor
- Temperature Sensor
- Speed Sensor
- Others (Image Sensors, Inertial)
By Vehicle Type
- Commercial Vehicles
- Passenger cars
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