Global Automotive Crash Sensors Market Overview
Automotive Crash Sensors are essential components of automotive electronic control systems. They possess a safety feature in harsh and challenging environment. These sensors are the devices that transform (or transduce) physical quantities such as pressure or acceleration into output signals (usually electrical) that serve as inputs for control systems. The Automotive Crash Sensors are growing at a very high pace due to the increase in demand and sale of the automotive vehicles. With fast technological advancement, innovation and customer awareness about safety and security, automotive crash sensor market is expected to develop globally. Asia Pacific will emerge as the quickest growing location in automotive crash sensor market.
Market Size and Forecast
The automotive crash sensors market, in terms of value, is expected to grow from USD 22.94 Billion in 2016 to USD 49.32 Billion by 2027, at a CAGR of 8.1% between 2017 and 2027. Growing demand of customer comfort, safety, convenience and improving government safety requirements are some of the factors that stimulate the automotive crash sensors market globally. Also, high efficiency and cheaper price of new generation sensor is expected to encourage the market growth. The global automotive crash sensors market is studied for the Asia Pacific (China, Japan, India and rest of Asia Pacific), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World. Asia Pacific is projected to register the largest market share and is anticipated to grow with a highest CAGR during the forecast period attributed to rising demand for safer vehicles, growing automobile industry and growing population in emerging economies such as China and India. The Asia-Pacific automotive sensors market is expected to grow to USD 7.1 Billion by 2027 at a CAGR of 9.10% over the period 2017-2027. The region was able to sustain its economy during the financial crisis and therefore, has been at the forefront in terms of vehicle sales and production across the globe. North America is expected to witness a rapid growth over the forthcoming period due to infrastructure development which is propelling the market growth of automotive crash sensors in the forecast years. The rising economy of Mexico has been at the forefront in terms of inward foreign direct investments when it comes to the automotive industry over the past few years. Whereas, the European countries are emerging automotive sensors markets due to increasing demand for more efficient and safer vehicles. With the increasing popularity of vehicle automation and increasing demand for connected cars in the region, the demand for automotive sensors is expected to grow significantly during the forecast period.
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Market Segmentation
Our-in depth analysis of the global automotive crash sensors market includes the following segments:
By Product
- Pressure Sensors
- Speed Sensors
- Temperature Sensors
- Gas Sensors
- Level Sensors
- Position Sensors
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
By Applications
- Vehicle Security and Safety
- Fire Safety and Control
- Electronics (example – Home Automation)
- Telematics
By Region
Global automotive crash sensors station market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis.
Growth Drivers and Challenges
Technological advancement in automotive crash sensors, usage of ECU’s, customer awareness towards their comfort and safety, change in their lifestyle are the key factors that has stimulate the demand of automotive crash sensors. One of the key elements appearing as a growth driver for the world automotive sensors market is the upward thrust in stringent rules mandating the integration of devices and technologies that make riding a safer ride for the driver as well as passengers. Passenger car holds the largest share in automotive crash sensors market, i.e. 78%. Automotive crash sensors provide the safety features to the car, reducing the emission and increasing the life of the automobile. Passenger cars are relatively cheaper to other cars so increase in purchasing power of customer; demand for safer vehicles has increased the automotive crash sensors market.
Developing countries such as China and India plays a major role in the growth of automotive crash sensors market. China is expecting 40 million vehicle sales by 2025 and wants new energy vehicles to make up at least 25% of that total market. Key factors that act as barriers to the growth of automotive crash sensors market are high rates of repairing malfunctioning in complex automotive sensors. High installing rates, lack of safety and security norms and less production are some of the challenges that automotive crash sensors market is facing.
Top Featured Companies Dominating The Market
- Continental AG
- Company Overview
- Key Product Offerings
- Business Strategy
- SWOT Analysis
- Financials
- DENSO Corporation
- Analog Devices, Inc.
- Sensata Technologies, Inc.
- Delphi Automotive LLP
- Bosch Sensotech GmBH
- STMicroelectronics
- Vishay Intertechnology, Inc.
- Infineon Technologies AG
Author Credits: Saima Khursheed
- Report ID: 958
- Published Date: Feb 08, 2023
- Report Format: PDF, PPT
