Automotive Sensor Market to Grow at a Significant CAGR of 7.14% during the Forecast period from 2019 to 2029

The automotive sensor market segmentation (on the basis of sensor type) is further categorized into temperature sensor, pressure sensor, position sensor, speed sensor, level sensor, inertial sensor, gas sensor, flow sensor, knock sensor, force sensor, torque sensor, and other sensors.

The temperature sensor dominated the global automotive sensor market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2029), due to increasing number of exhaust gas temperature sensors being installed owing to the government norms regarding exhaust gas emissions as well as rising demand for battery temperature sensors in electric vehicles.

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The automotive sensor market segmentation on the basis of technology is segregated into MEMS and NEMS. The MEMS segment dominated the global automotive sensor market in 2018 and is anticipated to maintain its dominance throughout the forecast period, as the cost per device of these sensors is lower corresponding to its macro-device.

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The automotive sensor market segmentation on the basis of application is segregated into powertrain, chassis, body, safety and control, and exhaust systems. The powertrain segment dominated the global automotive sensor market in 2018 and is anticipated to maintain its dominance throughout the forecast period due to factors such as increasing demand for fuel efficiency and lower emissions in vehicles.

Key Market Players:

The key market players in the global automotive sensor system market include Continental AG, Robert Bosch GmbH, TE Connectivity, Denso Corporation, Delphi Technologies, Melexis, Allegro Microsystems, and CTS Corporation, among others.

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