April 20, 2022 05:00 ET | Source: Market Study Report Market Study Report
Pune, India, April 20, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global automotive sensors market size is estimated to grow at over 7.5% CAGR between 2021 , driven by surging demand for vehicle safety features. Moreover, introduction of self-driving cars, and fast paced technological advancements for boosting vehicle efficiency & interactivity are also promoting product adoption in recent years.
The report crafts business intelligence on various industry segmentations, including product type, vehicle type, engine type, application scope, and regional segments. An analysis of each of these segments in terms of market share, growth pattern, and revenue contribution makes up a major portion of the study.
Besides, the research document profiles all the major companies and emphasizes on the priorities stakeholders should focus on, to gain a better perspective of investable areas in this sphere.
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For the unversed, automotive sensors perform all basic control functions in a vehicle such as anti-theft alarm, temperature sensor, speed sensor, dashboard, lighting, and reverse parking.
Major industry players have been employing lucrative strategies to capitalize on emerging trends, which has boosted market dynamics.
Considering product based segmentation of worldwide automotive sensors industry, the current sensor segment captured 3% revenue share in 2020 and is likely to show robust growth during the assessment period. Rapid technological advancements in vehicle electronic systems such as battery management are likely to boost segmental expansion.
By engine type, the hybrid sub segment captured 10% market share in 2020 and is slated to grow at a notable pace over the review period. This can be credited to surging demand for energy efficient and eco-friendly vehicles in countries like India, Japan, and China.
Speaking of application scope, the body electronics segment held 16.5% industry share in 2020 and is anticipated to deliver substantial returns throughout the estimated timeline, triggered by growing safety standards to reduce fatalities caused in road accidents.
On the regional front, Latin America automotive sensors market accounted for 3% revenue share in 2020 and is on track to register a healthy CAGR through 2030, owing to supportive government initiatives for promoting the adoption of electric vehicles in commercial applications and public transport.
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Global Automotive Sensors Market, By Product Type (Revenue, USD Million, 2016-2030)
Global Automotive Sensors Market, By Vehicle Type (Revenue, USD Million, 2016-2030)
Global Automotive Sensors Market, By Engine Type (Revenue, USD Million, 2016-2030)
Global Automotive Sensors Market, By Application Scope (Revenue, USD Million, 2016-2030)
Global Automotive Sensors Market, By Regional Outlook (Revenue, USD Million, 2016-2030)
Global Automotive Sensors Market, Competitive Dashboard (Revenue, USD Million, 2016-2030)
Chapter 1 Methodology & Scope 1.1 Scope & definitions
2.1 Automotive sensor 360 degree synopsis, 2016 - 2030
2.1.2.1 Market estimates & forecast for current sensor by technology, 2016-2030
2.1.2.1.1 Global market estimates and forecast, for current sensor technology by application, 2016 - 2030
2.1.5.1 Automotive sensor market size, by powertrain application, 2016 - 2030
2.1.5.2 Automotive sensor market size, by body electronics application, 2016 - 2030
Chapter 3 Automotive Sensors: Industry Insights
3.2 Impact analysis of the COVID-19 pandemic on the automotive sensor market
3.5 Overview of fuel cell vehicle market
4.3 Competitive analysis of major market players
4.4 Competitive analysis of innovation leaders, 2020
4.4.4 HELLA GmbH & Co. KGaA
Chapter 5 Automotive Sensor Market, By Product
Chapter 6 Automotive Sensor Market, By Vehicle Type
6.1 Key trends by Vehicle Type
6.2.1 Market estimates and forecast, 2016 - 2030
6.3.1 Market estimates and forecast, 2016 - 2030
6.4.1 Market estimates and forecast, 2016 - 2030
Chapter 7 Automotive Sensor Market, By Engine Type
7.1 Key trends by engine type
7.2.1 Market estimates and forecast, 2016 - 2030
7.3.1 Market estimates and forecast, 2016 - 2030
7.4.1 Market estimates and forecast, 2016 - 2030
7.5.1 Market estimates and forecast, 2016 - 2030
7.6.1 Market estimates and forecast, 2016 - 2030
Chapter 8 Automotive Sensor Market, By Application
8.2.1 Market estimates and forecast, 2016 - 2030
8.2.2 Market estimates and forecast, by sensor, 2016 - 2030
8.3.1 Market estimates and forecast, 2016 - 2030
8.3.2.1 Market estimates and forecast, 2016 - 2030
8.3.2.2 Market estimates and forecast, by sensor, 2016 - 2030
8.3.3.1 Market estimates and forecast, 2016 - 2030
8.3.3.2 Market estimates and forecast, by sensor, 2016 - 2030
8.5 Health, Wellness and Wellbeing (HWW)
8.5.1 Market estimates and forecast, 2016 - 2030
8.5.2 Market estimates and forecast, by sensor, 2016 - 2030
Chapter 9 Automotive Sensor Market, By Region Related Report:
Ultrasonic Sensors Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028
The ultrasonic sensor market is expected to see robust expansion through 2028 on account of prevalent product adoption in varied industry verticals across the globe. Ultrasonic sensors are instruments that are used to measure the distance to an object with the help of ultrasonic sound waves. These sensors use a transducer to transmit ultrasonic pulses that relay back information about the proximity of an object. In the regional landscape, the Latin America ultrasonic sensor market accounted for approximately 5% of the overall industry revenue in 2021 and is estimated to grow at a steady pace over 2022-2028. Prominent initiatives taken by the government to promote safety in public transport and public places across LATAM are anticipated to promote regional market growth in the future. Recently, industry players have been focusing on product development and innovation to expand their offerings to accommodate consumer requirements, which has been favorable for the growth of the ultrasonic sensor market.
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