Automotive Sensors Market Study, Competitive Strategies, Key Manufacturers, New Project Investment and Forecast 2027


The global automotive sensors market accounted to US$ 8.17 Bn in 2018 and is expected to grow at a CAGR of 8.3% during the forecast period 2019 – 2027, to account to US$ 16.73 Bn by 2027.

APAC is considered to be the fastest growing economic region. The dominance of the region is majorly attributed to the presence of large numbers of Chinese automotive and sensors manufacturers. China is one of the prominent leaders in global electric vehicle development globally and ranks first in Asia Pacific region. Also, the country houses a number of automobile manufacturers, and in the current scenario, these Chinese automakers are making remarkable investments in order to procure advanced sensors.

Pertaining to the fact this, the quest for advanced technologies among the Chinese mass is significant, the development of advanced sensors is also rapid as compared to other countries in the region. This factor is heavily influencing the growth of sensors developed for automobiles in the country, which is substantially catalyzing the growth of automotive sensors market in Asia Pacific. Japan is another key influential country in Asia Pacific market for automotive sensors. This is due to the presence of huge number of sensors manufacturers constantly developing innovative products for various usage in automotive. Thus, the automotive sensors market is anticipated to witness growth in the APAC region.

The automotive industry across the globe are constantly facing pressures to integrate their vehicles with advanced electronics and semiconductor components in order to enhance the performance of the vehicles. The rising drift of electrification of vehicles is a major factor boosting the sensors market in automotive industry. Attributing to this, the automobile manufacturers are increasingly partnering with sensors manufacturers to meet the demands of their customers.

Automotive Sensors Market Top Key Players: Analog Devices, Continental, Delphi Technologies, Denso, Infineon Technologies, Melexis, NXP Semiconductor, On Semiconductor, Robert Bosch, Texas Instruments

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