Global passenger car sensors market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 8% during the forecast period.
Global Passenger Car Sensors Market
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Passenger car sensors are smart sensors which are used in various parts such as engine of car vehicle. These sensors are used to sense, detect, control and process the level of emission, temperature, pressure of oil, coolant levels, etc.
A growing market for automotive industry across the globe and rising manufacturing of various types of motor vehicles are major driving factors behind the growth of the market. Increasing adoption of stringent government rules and regulations regarding to control carbon emissions generated by passenger cars, rising safety concerns regarding passenger vehicles, growing number of passenger car production & sales, rising passenger demands for safety and growing electrification in cars are expected to witness fast growth during the forecast period. In addition, increasing technological advancements in ADAS system along with growing adoption of radar, LiDAR and camera sensors is gradually propelling the growth of the market.
However, rising safety concerns in autonomous car, negative impact of COVID-19 on passenger car sales and decreasing preference of diesel fuel cars are the major restraining factors that could hinder the growth of the market.
Global Passenger Car Sensors Market: Segmentation Analysis
By sensor type, the position sensor segment dominated the market in 2019 and is projected to witness steady growth at a CAGR of XX% during the forecast period. A growing adoption of position sensors in passenger car to detect the position measurement in a range of automotive applications such as safety & control, chassis, powertrain and many others is attributed to the growth of the market. Position sensor can be of absolute position and relative position. Most of the position sensors consist of inertial sensors and global navigation satellite system to provide the highly accurate localization. Increasing adoption of position sensor in private passenger cars to provide current location of car and rising use of position sensors in application such as seat position sensing, headlight position sensing, crash sensing, electric roof position sensing many other sensing applications is ultimately propelling the growth of the market.
On the other hand, O2/NOx segment is projected to witness fast growth at a CAGR of XX% during the forecast period. Oxygen and nitrogen oxide sensor are generally high-temperature devices which are designed to sense nitrogen oxides in combustion atmosphere. The MMR study found that, every year, a standard passenger vehicle produces around 4.6 metric tons of carbon dioxide. Also, this number is continuously varying based on a car’s fuel used, distance covered or driven per year and changing fuel economy. Therefore, growing demand and adoption of different gas emission sensors by passenger car manufacturers to combat this issue is directly impelling the growth of the market across the world.
Global Passenger Car Sensors Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing automotive industry and rising production and sales of various motor vehicles across the region.
Increasing government’s initiatives to combat carbon gas emission emits by the passenger cars, growing market for sensor devices and rising R & D activities in the field of driverless cars are driving the growth of the market.
MMR study found that, China is the world leader in the production of passenger cars in 2019 by producing 21.36 million units of production. China followed by Japan with 8.33-million-unit production, India with 3.62 million unit of production and South Korea with 3.61 million unit of production dominated the market in 2019.
Global Passenger Car Sensors Market 1
The objective of the report is to present a comprehensive analysis of the Global Passenger Car Sensors Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Passenger Car Sensors Market dynamics, structure by analyzing the market segments and projects the Global Passenger Car Sensors Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Passenger Car Sensors Market make the report investor’s guide.
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The Scope of Global Passenger Car Sensors Market
Global Passenger Car Sensors Market, By Sensor Type
Global Passenger Car Sensors Market, By Application
• Body Control
Global Passenger Car Sensors Market, By Region
• North America
• Asia Pacific
• South America
• Middle East & Africa
Global Passenger Car Sensors Market, Key Players
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Delphi Automotive PLC
• Analog Devices Inc
• Elmos Semiconductors
• Infineon Technologies
• TRW Automotive
• TE Connectivity
• ZF Friedrichshafen AG
• Sensirion AG Switzerland
• Sensata Technologies Inc.
• Autoliv Inc
• Allegro Microsystems LLC
• CTS Corporation
• NXP Semiconductors
• Samsung Electronics
• Hitachi Appliances, Inc
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