Automotive Sensors Market

Automotive Sensors Market: Will the Integration of Automotive Sensors Witness a Stable Rise in HCV and LCV? : Global Industry Analysis (2013 -2017) & Opportunity Assessment (2018 - 2028)

2018-04-16
REP-GB-6612
594 pages

An Incisive, In-depth Analysis on the Automotive Sensors Market

This study offers a comprehensive, 360 degree analysis on the Automotive Sensors market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Sensors market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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The deployment of automotive sensors has increased average age of both passenger cars as well as heavy commercial vehicles and light commercial vehicles. The implementation of various regulations by several governments across the globe has triggered the demand for safety sensors, mostly in high-end, luxury vehicles, and SUV’s. Several types of sensors integrated in automotive ensure smooth ignition and engine operation through complete combustion of fuel, which, in turn, guarantees low emissions from the engine. Likewise, some sensors decrease exhaust gas emissions and improve performance of automotive engines.

Passenger cars is expected to lead in the adoption of automotive sensors owing to high production

Automotive production is expected to be higher in emerging economies as compared to that in developed economies. This can mainly be attributed to increasing urbanization and stable economic conditions in these regions. During the forecast period, the fleet on road is also expected to rise with a modest CAGR, thereby providing marginal opportunities for growth of automotive sensors and glow plugs aftermarket. As both the production and adoption of passenger cars is high, the integration of automotive sensors is also high there. Moreover, in order to adhere to safety norms in several regions, the manufacturers of automotive are incessantly increasing the deployment of automotive sensors in different types of passenger cars, especially compact and medium-sized passenger cars.

Western Europe and North America, are regions with abundant demand for automobiles. The government and ruling authority in this region have imposed stringent regulations to ensure the safety of the driver. If any irregularities are found, the manufacturer is charged with heavy penalties. Apart from that, causalities also create a bad image of the company among consumers in the market. The world is moving towards a scenario where technologies can be more easily controlled, which is why consumers are inclining towards automation provided by advanced sensors. Increasing demand for safety sensors, such as seat belt tension, impact sensors, anti-theft, parking sensors, etc. is expected to create significant opportunities for the manufacturers, contributing significantly to the growth of the automotive sensors market.

Increasing user convenience in passenger cars which are presently in use is triggering the demand for automotive sensors in these vehicles

The growing demand for vehicle-based safety technologies in automobiles to help prevent accidents is anticipated to fuel the demand for automotive sensors over the years ahead. Active safety technologies, including driver assistance, visibility improving, brake and passive safety, including occupant protection and pedestrian protection technologies are some of the rapid growing technologies in the automotive industry, which in turns is anticipated to drive the demand for automotive sensors and project significant growth opportunities.

Integration of various technologies to raise the implementation of automotive sensors in both LCV and HCV

The automotive industry is witnessing an upsurge in the implementation of advanced technologies and innovation. Technologies such as advanced driver assistance systems (ADAS) and lane departure warning (LDW) systems are gaining traction in the global automotive sensors market. Various Driver Assist Technologies are gaining momentum in the market such as Electronic Stability Control (ESC), Tire Pressure Monitoring, Driver Inattention Warning, Adaptive Cruise Control (Inter- Vehicle Distance Monitoring), Lane Deviation Warning & Lane- Keeping Assist. Keeping in mind these development, the integration of automotive sensors is also expected to rise in HCV and LCV.

An outlook of the global automotive sensors market with reference tthe overall automotive industry

The global industry is currently witnessing a period of stabilization as steady sales continue tsustain growth for suppliers and OEMs. However, an industry that is undergoing one of the biggest transformation, the future truly looks uncertain. The autindustry has always remained fiercely competitive, with US, German, and Japanese OEMs relying on incremental upgrades tconsolidate their position. However, as electric vehicles and driverless cars become a reality, traditional players are staring at a future they aren’t entirely familiar with. The next five years in this industry paint a picture of collaboration and competition with the Silicon Valley.

In 2017, the industry has witnessed growth in North America being offset by slowdown in Europe and China. The fortunes of the global automotive industry are stacked in favor of emerging markets, as limited opportunity continues tplague matured markets.

List of factors tracked in the Automotive Industry Market Report

Automotive Industry GVA
Automotive production outlook
Automotive sales outlook
Fleet on road outlook
Automotive carbon emissions outlook
Emissions & safety norms
Installation rates of components / accessories
Replacement rates of components / accessories
Growth in aftermarket
Growth in service centers

Research Methodology

FMI utilizes robust methodology and approach tarrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we alscollect market feedback from industry experts. Tvalidate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend tmore than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines tcollect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated tinitiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macrand micreconomic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied tarrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try tgather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries testablish primary contact with the companies in order tvalidate the assumptions or tgather quality inputs.

Standard Report Structure

Executive Summary
Market Definition
Macro-economic analysis
Parent Market Analysis
Market Overview
Forecast Factors
Segmental Analysis and Forecast
Regional Analysis
Competition Analysis

Target Audience

Production Companies
Suppliers
Channel Partners
Marketing Authorities
Subject Matter Experts
Research Institutions
Financial Institutions
Market Consultants
Government Authorities

Market Taxonomy

The global automotive sensors market has been classified into:

Vehicle Type	Sensor Type	Sales Channel	Region
Passenger Car Compact Mid-size Luxury SUV Light Commercial vehicle Heavy Commercial Vehicle	Position Sensor Clutch position sensor Gear position sensor Throttle Position Sensor Crankshaft Position Sensor Steering Angle Position Sensor Camshaft Position Sensor Safety Sensor Seat belt Brake switch sensor Door switch sensor ADAS Sensor Blind Spot Detection Night Vision Sensors Light Sensors parking sensor cruise control Impact Sensor Anti-theft Knock-Detection Sensor Level Sensor Fuel Level sensor Coolant Level Sensor Oil Level Sensor Temperature Sensor Engine coolant temperature Rain Sensor Oil/Fuel Temperature Sensor Battery temperature sensor Air temperature sensor Pressure Sensor Tire Pressure Monitoring Sensor EGR pressure sensor Airflow rate sensor Oxygen Sensor Speed Sensor Wheel Speed Sensor Speedometer	OEM OES IAM	North America Latin America Western Europe Eastern Europe South East Asia & Pacific Middle East & Africa Japan China India