Automotive Sensor Market Scope
The modern automobile designing manufacturer different types of sensors. These are arranged into the car engine to recognize & solve possible problems like repairs, servicing, etc. The sensors used in automobiles ensure the function of the vehicle. An owner of a vehicle doesn’t know the status of how many sensors are used in their vehicles. There are several largest sensor organizations available worldwide, which can offer an innovative solution to the customers. In recent automobiles, sensors are used to detect and respond to change the conditions inside & outside of the car. Automobile sensors are sensors which can be used to control and process the pressure of oil, temperature, level of emission, coolant levels, etc.
The companies are now exploring the market by adopting merger & acquisition, expansion, investments, new development in existing products and collaboration as their preferred strategies. The players are also exploring new geographies and industries through expansion and acquisition so as to avail a competitive advantage through combined strategies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Automotive Sensor market throughout the predicted period.
Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (United Kingdom), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (United States), Allegro Microsystems (United States), Analog Devices (United States), Elmos Semiconductor (Germany), Hella (Germany), Hyundai Mobis (South Korea), Magna International (Canada), NXP Semiconductors (Netherlands), Panasonic Corporation (Japan) and Renesas Electronics (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Gentex (United States) and CTS Corporation (United States).
The study have segmented the market of Global Automotive Sensor market by Type (Mass Airflow Sensor, Engine Speed Sensor, Oxygen Sensor, Spark Knock Sensor, Coolant Sensor, Vehicle Speed Sensor and Others), by Application (Brake, Clutch, Engine, Transmission, Chassis and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Development of Sensors for different part of Vehicles
Market Growth Drivers:
Stringent Government Regulations Regarding Emission Standards and Safety and Increasing Electrification in Automobiles
Safety Threats in Autonomous Cars
Enormous Life Expectancy of Sensors
Rising Use of Automotive Sensors with Increasing Autonomous Vehicles
Market Leaders and their Expansionary Development Strategies
In August 2021, technology company Continental is investing in Leipzig-based startup Kopernikus Automotive with a minority stake. The two companies have agreed not to disclose the size of the investment. As an expert in autonomous driving technology, Kopernikus develops solutions for the infrastructure-based operation of vehicles. The technology is based on artificial intelligence-based algorithms that move the vehicle centrally and sensors permanently installed in the infrastructure. The first two use cases for this technology are automated parking in car parks, also known as Automated Valet Parking (AVP), and autonomous maneuvering of newly produced vehicles in the realm of vehicle manufacturers or logistics.
In November 2022 Infineon Technologies AG has been leading the market for over 15 years and is the number one producer of radar monolithic microwave integrated circuits (MMICs). The company pioneered transceiver integration (transmitter + receiver on one chip) and in 2009 launched the world's first 77 GHz automotive radar chip based on SiGe. Infineon products are segmented from short-range radars (corner radars) to premium forward radars.
Key Target AudienceManufacturers of Automotive Sensor, Suppliers of Automotive Sensor, Wholesalers, Distributors, and Retailers of Automotive Sensor, Automotive Industry, Governmental Bodies and Regulatory Bodies
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.