In-Depth Automotive Sensors Market Analysis: Growth Trends, Size, and Demand from 2022 to 2027

Business Feb 1, 2025 15 Add to Reading List

MarkNtel Advisors analyses the growth rate of the Automotive Sensors market in the forecast period from 2022 to 2027. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Automotive Sensors market, helping them make informed decisions.

Market Outlook – 2022-2027:

The Global Automotive Sensors Market is expected to observe around 6.8% CAGR in the forecast period of 2022-27. The market growth is likely to be driven primarily by the rapidly surging automobile production worldwide, the emerging trend of electrification in the automotive sector, and mounting customer requirements for enhanced comfort & safety in vehicles.

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Key Company Profiles

This report explores recent significant developments in the Automotive Sensors Market, focusing on the leading companies and their innovative profiles. The major players in the Automotive Sensors Market, featured in this report, include:

Allegro Microsystems, LLC
BorgWarner, Inc.
CTS Corporation
Continental AG
Denso Corporation
Elmos Semiconductor
Infineon Technologies AG
NXP Semiconductors
Robert Bosch GmbH
STMicroelectronics
Texas Instruments Incorporated
Others

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Automotive Sensors Market to forecast revenues and analyse trends across each of the following sub-markets:

By Sensor Type
- Temperature
- Pressure
- Speed
- Position
- Others (Magnetic, Gas, Inertial, etc.)

Amongst them all, Position sensors held the largest share in the Global Automotive Sensors Market, and the same trend is expected during 2022-27.

By Application
- Powertrain
- Chassis
- Exhaust
- Telematics
- Safety & Control
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles (LCV)
- Heavy Commercial Vehicles (HCV)
By Sales Channel
- OEMs
- Aftermarket
By Region
- North America
- South America
- Europe
- Asia-Pacific

Key Driver: Mounting Consumer Interest in Autonomous Vehicles

The growing adoption of ADAS & AD (Autonomous Driving) systems integrated with various position, temperature, speed, image sensors, etc., is the prime aspect projected to drive the Global Automotive Sensors Market during 2022-27. Besides, numerous ongoing R&D activities on enhancing the autonomous abilities of vehicles owing to stringent government regulations & growing consumer awareness regarding vehicle safety are other prominent aspects projected to accelerate the demand for automotive sensors worldwide in the coming years.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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