Automotive Sensors Market Size, Share and Industry 2027

Automotive Sensors Market Size, Share and Industry 2027
4 min read
20 October 2022

The market for automotive sensor market globally has been segmented into three major segments including type, application, and vehicle type. The type segment is further segmented into LED, image sensor, position sensor, temperature sensor, pressure sensor, and others. The demand for image sensors is growing high as the advantages of these automotive image sensors are growing among the automotive manufacturers as well as the individuals, which is paving the path for image sensor segment in the automotive sensors market. The Advanced Driver Assistance Systems (ADAS) is increasingly becoming mainstream among the luxury cars segment and is also being integrated on the mid-range car segments and commercial vehicles.

Significant market initiatives have been taken by some of the leading companies by getting involved in R&D activities and by developing advanced Sensor products and solutions. For instance, recently, Continental Unveiled New Assistance Concepts for Early Risk Detection of Aquaplaning Situations. Aquaplaning assistance concepts utilize surround view camera images and signals from tire-mounted sensors (eTIS) for advanced tire information. Further, TI unlocked mmWave technology for worldwide industrial market through new 60-GHz sensor portfolio. The newest 60-GHz mmWave sensors will be the first to include antenna-on-package offerings, which remove traditional challenges associated with radio-frequency (RF) design while shrinking size up to 75% and reducing overall cost.

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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. Europe held the second largest market share in global automotive sensors market in 2017, followed by North America. European automotive industry consists of several automotive giants based in different countries. The investment from these automotive OEMs to procure sensors products with an objective to enhance the vehicle technology is noteworthy, which is boosting the market for automotive sensors in these European countries. Similar trend is anticipated in future, which is foreseen to drive the European automotive sensors market in the coming years.

The major players operating in the market for automotive Sensor market include ON Semiconductor, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Melexis, Continental AG, Denso Corporation, Delphi Technologies, Analog Devices, Inc., and Texas Instruments Incorporated among others.

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In 2018 Europe

Infineon collaborated with DENSO Corporation, a supplier of advanced automotive technology, components, and systems to accelerate its automotive business. The companies aims to mutually improve systems know-how in both established and new technologies area such as electro-mobility and automated driving.

In 2018 North America

Texas Instruments (TI) introduced a new temperature sensor family that offers ±0.1°C accuracy across a wide temperature range and helps simplify system design for industrial and medical applications.

In 2018 Europe

Continental Unveiled New Assistance Concepts for Early Risk Detection of Aquaplaning Situations. Aquaplaning assistance concepts utilize surround view camera images and signals from tire-mounted sensors (eTIS) for advanced tire information

In 2017 North America

Analog Devices and Renesas Electronics Collaborate on 77/79-GHz Automotive RADAR Technology to Improve ADAS Applications and Enable Autonomous Vehicles. New RADAR Sensor Demonstrator Includes RH850/V1R-M Microcontroller from Renesas Autonomy™ Platform and Analog Devices’ Drive360™ Advanced 28nm CMOS RADAR Technology.

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