"Market Intelligence for High-Geared Performance"

Passenger Car Sensor Market Size, Share, and COVID-19 Impact Analysis, By Sensor Type (Pressure, Temperature, Speed, and Position), By Application (Powertrain, Driver Assistance, Interior, and Safety), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI108048 | Status : Ongoing

 

KEY MARKET INSIGHTS

A car sensor monitors multiple aspects of the car and sends information to the ECU (Electronic Control Unit). Sensors can overlook various aspects of a car, such as its temperature, engine, oil pressure, speed, emission level, etc. Automotive car sensors are one of the most essential components used in modern cars.


Modern passenger cars are equipped with multiple sensors which help the driver and car effectively manage fuel efficiency. These cars are equipped with sensors and intelligent modules that gather data made accessible for users to provide better insights into their riding patterns and history, thus elevating the overall riding experience of the users.

The demand for advanced sensor-based passenger cars has seen a significant rise in demand because it significantly improves the car's safety by using technology such as ABS and ADAS, among others. The government's incentives and stricter environmental norms continuously push consumers to migrate from traditional IC engine cars to EVs, resulting in greater adoption of sensors. 

The growing awareness of environmental concerns is a driving factor making consumers shift towards electric and hybrid vehicles. As the overall automobile industry is moving more towards electrification and automation, more is the use of advanced sensors to make the ride safer, more efficient, and sustainable at the same time. Hence, manufacturers are constantly motivated to develop and integrate advanced technology systems to cater to consumers' rising needs.

Impact of COVID-19 on the Passenger Car Sensor Market


As COVID-19 hit the world in early 2020, all the major economies had multiple setbacks due to lockdowns and supply chain bottlenecks. Asia Pacific plays a vital role in passenger car production; it had to significantly cut back on its production. FY-20 was highly dissatisfied when it came to passenger car sales throughout the globe because consumer sentiments and preferences took a massive shift. Consumers started refraining from buying luxury goods.

Although demand started picking up in FY-21, the shortage of semiconductor chips, an essential part of car manufacturing, controlling air conditioning systems, or ensuring proper working of multiple sensors involved, severely affected the automotive industry, resulting in lower car production. The closure of production plants and shortage of workforce due to stricter social distancing norms also affected the production of new vehicles. Another issue was regarding the procurement of raw materials. The supply chain tailback affected the companies to procure sufficient raw materials to meet their production needs, and at the same time, the elevated inflation has significantly raised the cost of production.

Key Insights


The report will cover the following key insights:


  • Key Industry Developments – Mergers, Acquisitions, and Partnerships.

  • Porter's Five Forces Analysis.

  • Technological Developments.

  • Impact of COVID-19 on the Passenger Car Sensor Market.


Regional Analysis


To gain extensive insights into the market, Request for Customization


The Asia Pacific region is predicted to lead the passenger car sensor market over the coming decade. Multiple factors that strengthen our notion of APAC being the leader include the rising spending tendency, strong production network, cost-effective manufacturing, and proliferation in technology adoption. This, in turn, will bolster the market growth in the future.

Key Players Covered


The report includes the profiles of key players such as Robert Bosch GmbH (Germany), Denso Corporation (Japan), STM Electronics (Switzerland), NXP Semiconductors (Netherlands), Infineon Technologies AG (Germany), CTS Corporation (US), Continental AG (Germany), Allegro Microsystems (US), texas instruments incorporated (US), Semsata technologies (US), and Elmos Semiconductor (Germany).

Segmentation


















By Sensor Type


By  Sales Channel


By Application


By Geography



  • Pressure

  • Temperature

  • Speed

  • Position

  • Others (voltage, oxygen, rain, exhaust)




  • OEM

  • Aftermarket




  • Power train

  • Driver Assistance

  • Interior

  • Safety




  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea, and Rest of APAC)

  • Rest of the World



Key Industry Developments



  • December 2022 – Bosch develops AI-powered interior monitoring systems for car safety. The AI-enabled system that uses several sensors will go into production.

  • November 2022 – Digital Lidar company Ouster and Lidar sensors and solution developer Velodyne Lidar agreed to merge in an all-stock transaction.

  • January 2020 – Robert Bosch GmbH became the first company to launch long-range lidar sensors, the first lidar system reliable for automotive use.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Automotive & Transportation Clients
Asahi
Toshiba
GM
Bosch
Hyundai
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X