Uploaded on Jun 9, 2020
The global Automotive Sensor Market is anticipated to reach around USD 54.92 billion by 2026 according to a new research published by Polaris Market Research
Automotive Sensor Market Size To Reach USD 54.92 billion By 2026
Automotive Sensor Market
Set to Exceed USD 54.92 billion by 2026 | CAGR 9.7%
“Automotive Sensor Market By Sensors Type
(Pressure, Speed, Temperature, Position, Oxygen,
Inertial, Image, Others); By Vehicle Type (Passenger
Vehicles, Commercial Vehicles); By Application
(Safety and Security, Emission Control, Engine and
Drivetrain, Others); By Region, Segments & Forecast,
2018 - 2026”
Automotive Sensor Market Estimate & Forecast to 2026
The global Automotive Sensor Market is anticipated to reach around USD 54.92 billion by
2026 according to a new research published by Polaris Market Research. In 2017, the engine
and drivetrain application dominated the global market, in terms of revenue. In 2017, Asia-
Pacific accounted for the majority share in the global Automotive Sensor market.
The expanding global automotive industry, along with increasing demand for passenger cars
majorly drives the market growth. The adoption of electric vehicles has increased
significantly owing to stringent government regulations regarding vehicular emissions,
thereby supporting market growth. Other factors driving the market growth include growing
demand of ADAS systems, technological advancements, and modernization of vehicles. New
emerging markets, emerging consumer demographics, and increasing demand of vehicles
would provide growth opportunities for automotive sensor market in the coming years.
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Automotive Sensor Market Scope
By Type By Vehicle Type By Application By Region Report Attributes
Pressure Sensors Passenger Vehicles Safety and Security North America Historic year: 2015-2016
Speed Sensors Commercial Vehicles Emission Control Europe Base year: 2017
Temperature Sensors Engine and Drivetrain Asia Pacific Forecast Year: 2018-2026
Position Sensors Others Latin America Middle Revenue (USD Billion)
Oxygen Sensors East & Africa
Inertial Sensors
Image Sensors
Others
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Automotive Sensor Market Estimate & Forecast to 2026
In 2017, Asia-Pacific accounted for the highest share in the global automotive sensor
market. The primary factors driving the automotive sensor market growth in the region
include established automotive industry, technological advancements, and high investment
in R&D. The introduction of stringent government regulations regarding vehicular safety and
emissions accelerates the adoption of automotive sensors in the region. The economic
growth in countries such as China, Japan, and India, increasing development of autonomous
vehicles, and growing automotive modernization further increases the demand of
automotive sensors in the region.
The leading companies profiled in the Automotive Sensor Market Report include Denso
Corporation, TE Connectivity Ltd., Continental AG, Analog Devices Inc., Eaton Corporation,
Ford Motors, Robert Bosch GmbH, Autoliv Inc, AMETEK Inc., and General Electric. These
companies launch new products and collaborate with other market leaders to innovate and
launch new products to meet the increasing needs and requirements of consumers.
C o p y ri g h t © P o la ri s M a rk e t R e s eBarcrh o& Cwonsueltin gC LLoP 2m018p. All eRigthets R Reservepd ort 4
Automotive Sensor Market Share
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
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