The global motor vehicle sensors market is expected to witness steady growth with rising production and sale of motor vehicles across the world. In addition, stringent vehicle emission regulations in developed as well as developing countries are supporting the growth of motor vehicle sensors. Moreover, rising demand for advanced motor vehicles increasing the demand for driver assistance and safety systems. All the above factors are expected to fuel the growth of motor vehicle sensors through the forecast period 2016 – 2023. This represents the positive outlook for motor vehicle sensors providers.

Motor vehicle sensors providers are closely working with manufacturers in order to provide solutions that match their customers’ exact requirements. This report highlights current trends and key opportunities in the global motor vehicle sensors market. The study also includes market size and forecast of different type of motor vehicle sensors in the global, regional as well as country specific markets. 

This report provides historical market size (revenue size in US$ Mn) of motor vehicle sensors for the year 2014, market estimates for 2015 and forecast for the period 2016 to 2023. The report includes pricing, demand-supply, technology and regional trends related to motor vehicle sensors. Motor vehicle sensors market is classified on the basis of application, type and regional market. The report provides exhaustive analysis along with market size and forecast for each of these segments. The report also highlights key investment areas in the global as well as each regional market. The study also includes market size and forecast for major countries in each regional market. The study also provides high level market analysis such PESTEL analysis, market positioning and key investment analysis.  

The report includes profiles of the key motor vehicle sensors providers. Company profile section covers business overview, financial overview, recent developments, market wining strategies and product portfolio related to motor vehicle sensors. This study will help Motor Vehicle Sensors providers, system integrators and other trade partners across the value chain to identify key potential areas and formulate their strategies.  

Based on the type, motor vehicle sensors are classified chemical property sensors, process variable sensors, physical property sensors, proximity and positioning sensors and other small sensors. Sensor used to measure physical properties such as speed, force, motion and vibration accounted for the largest revenue share in 2014. Physical sensors are available with different technologies which include piezoelectric effect, capacitive coupling, and microelectromechanical systems (MEMS) among others.  Process variable sensors are used in motor vehicles to measure process related quantities such as pressure, temperature, flow and level, among others.  Temperature sensor is the most common type of process variable sensor used in automobile application. Proximity and positioning sensors are used for detecting the location of vehicle. Inductive sensors, capacitive sensors, potentiometric sensors and photoelectric sensors are some common types of proximity and positioning sensors. Advanced proximity and positioning sensors include laser sensors, infrared sensors, ultrasonic sensors, radar sensors and fiber optic sensors among others. Radar, infrared and laser sensors are used in vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) systems  to assist drivers about distance between two vehicles and other roadside objects. This segment is expected to witness considerable growth with rising demand for driver assistance systems through the forecast period 2016 – 2023.

The engine and drivetrain is the largest application segment for motor vehicle sensors. Mandatory government regulations to improve the efficiency of motor vehicle engine in order to reduce fuel consumption are driving the demand for sensor used for these applications. Safety and security sensors are expected to see a significant growth with increasing importance of passenger and driving safety. Sensors used in dashcams, vehicle to vehicle and vehicle to infrastructure systems helps to avoid accidents and provide security measures in case of accidents. Safety and security is expected to see the fastest growth through the forecast period 2016 – 2023. Countries across the world are focusing on to reduce vehicle emission and introducing mandatory regulations to maintain emission level of motor vehicles. This is increasing the demand for sensors used for emission control applications.

The global motor vehicle sensors market is classified into North America, Europe, Asia-Pacific and Rest of the World (RoW) by regions.

Asia Pacific is the largest regional market followed by Europe and North America. Dominance of Asia Pacific is attributed to presence of large amount of manufacturers particularly in Japan, China and India. Asia Pacific is expected to maintain dominating position with increasing expansion of automobile manufacturers in the region. Rising production and consumption of motor vehicles in India and China is the primary influencing factor for the growth of motor vehicle sensors in Asia Pacific. China is the largest manufacturer and consumer of motor vehicle sensor. Improving economic condition in Europe and North America also represents a positive outlook for automobile industry. Motor vehicle sensors market is expected to witness upward growth with replacement of old vehicles with energy efficient vehicles. In addition, production of electric vehicle is increasing steadily with governments’ effort to reduce fuel consumption and pollution in major countries in these regions. This is also expected to fuel the demand for motor vehicle sensor in these regions.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Motor Vehicle Sensor market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Motor Vehicle Sensor market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Motor Vehicle Sensor market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Motor Vehicle Sensor market?
• Which is the largest regional market for Motor Vehicle Sensor market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Motor Vehicle Sensor market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Motor Vehicle Sensor market worldwide?