Automotive Sensors Market Share, Growth, Trends, and Forecasts 2020–2027
                     Automotive Sensors Market To 
Reach USD 43.1 Billion By 2026
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       Market  Summary
Rise in demand for vehicle electrification, 
formulation of stringent government regulations 
related to emissions will drive the automotive 
sensors market at a high CAGR during the forecast 
period.
Market Size- USD 24.6 Billion in 2018, Market 
Growth- CAGR of 7.2%, Market trends- Growing 
demand for autonomous vehicle, APAC is expected 
to register the highest market share during the 
forecast period.
            M  a Orkuetr  S Aumpmparroyach
 The automotive sensors market was valued at USD 24.6 billion in 2018 and is expected to reach USD 43.1 billion by 
the year 2026, at a CAGR of 7.2% CAGR during the forecast period (from 2018 – 2026). The continual development 
in automotive electronics sensors application and technology, the rising concern for safety, increasing demand of 
automation in automobiles, demand of concept cars from high-income consumers and increasing use of sensors in 
hybrid semi hybrid and electric cars are boosting the demand of automotive sensors market
Sensors are the type of transducers that detect the difference in its environment due to mechanical change and 
transfer it as an optical or electric signal to the concerned component. In-vehicle, sensors are used to develop a 
centralized control system for the car. Sensors are installed in vehicles to increase the reliability of the vehicle and 
the safety of the passenger. Different sensors such as temperature, pressure sensors, position sensors, speed 
sensors, NOx, oxygen sensors, and many other sensors are used in automotive.
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       M   a r kOeut  Sru Ampmparyoach
Further key findings from the report suggest
• The demand for automotive sensors is expected to witness exponential growth during the forecast 
period considering the rising number of vehicles with autonomous driving features, and currently, 
Level 2 and Level 3 autonomous driving is commercialized
• ADAS (Advanced Driver Assistance Systems), the currently booming technology is powered by 
automotive sensors are driving the automotive sensors market. Further, vehicle autonomy would be 
achieved by incorporating efficient micro-controllers and highly precise sensors.
• Lidar sensor is the most important sensor for an autonomous automotive vehicle. Self-driving or 
autonomous vehicles being tested by companies such as Uber, Alphabet, Toyota, and others rely 
heavily on these type of sensors to locate themselves on the detailed maps they need to get 
around, and to identify things like other vehicles and pedestrians
• The rising number of vehicles fortified with autonomous driving sensors will accelerate the growth 
of the automotive sensors market. The autonomous driving is majorly achieved by the highly 
efficient and precise micro-controller sensors. AVs are capable of sensing their environment, and 
the safe movement is proficient with the help of the sensors.
To identify the key trends in the industry, click on the link below @ 
https://www.reportsanddata.com/report-detail/automotive-sensors-market
       M   a r kOeut  Sru Ampmparyoach
Key participants :Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (UK), Denso 
Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (US), Allegro Microsystems 
(US), Analog Devices (US), Elmos Semiconductor (Germany), and CTS Corporation (US)
For the purpose of this study, Reports and Data have segmented the industry by Technology, by 
Function, by Process, by Component and by Region:
Automotive Sensors Market by Type (Revenue, USD Million; 2016–2026)
Temperature
Thermocouple
Thermistor
MEMS
Resistance temperature detector
IC temperature sensor
Others
        M  a  rOkeut  rSu Ampmparyoach
Automotive Sensors Market by Propulsion (Revenue, USD Million; 2016–2026)
Electric Vehicles
Battery Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Gasoline Powered
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About Us
   A  b  oOuutr U Aspproach
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