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3. Automotive Sensors Companies - Robert Bosch GmbH (Germany) and ON Semiconductor (US) are the Key Players

The automotive sensor market is valued at USD 30.8 billion in 2023 and is anticipated to be USD 62.2 billion by 2028, growing at a CAGR of 15.0% from 2023 to 2028. Factors such as the growing inclination of consumers toward alternative fuel vehicles to reduce GHG emissions, and growing focus on vehicle authentication to ensure driver safety and comfort are expected to drive market growth during the forecast period. The rising popularity of alternative fuel in vehicles can positively impact consumers by reducing fuel expenses, reducing air pollution caused by greenhouse gas emissions, improving air quality, particularly in urban settings, and decreasing reliance on foreign oil. Such a trend results in a notable uptick in the demand for automotive sensors, as more people switch to alternative fuel options.

Automotive Sensors companies include:

• Robert Bosch GmbH (Germany),
• ON Semiconductor (US),
• OMNIVISION (US),
• TE Connectivity (Germany),
• Continental AG (Germany),
• Infineon Technologies AG (Germany),
• NXP Semiconductors (Netherlands),
• Denso Corporation (Japan),
• Panasonic (Japan),
• Allegro MicroSystems, Inc. (US),
• Sensata Technologies,Inc (US),
• BorgWarner, Inc. (US),
• Analog Devices, Inc. (US),
• ELMOS Semiconductor SE (Germany),
• Aptiv. (Ireland),
• CTS Corporation (US),
• Autoliv, Inc. (Sweden),
• STMicroelectronics (Switzerland),
• ZF Friedrichshafen AG (Germany),
• Quanergy Solutions, Inc. (US),
• Innoviz Technologies Ltd (Israel),
• Valeo S.A. (France),
• Magna International Inc. (Canada),
• Melexis (Belgium),
• Amphenol Advanced Sensors (US)

To know about the assumptions considered for the study download the pdf brochure

These companies have employed a variety of growth approaches, such as product launches and development, collaborations, expansions, and acquisitions, to compete in the automotive sensor market. Partnerships have been the key strategy of players from 2020 to 2022 for expanding their customer base and strengthening their product portfolio.

Robert Bosch GmbH

Robert Bosch GmbH holds a leading position in the global automotive sensors market. The company primarily focuses on automated driving, electromobility, and the IoT; it aims to be a leading supplier. Powertrain solutions offered by Bosch are mainly designed for passenger cars, commercial and off-highway vehicles, and electric vehicles. Also, the company makes significant investments in R&D activities to sustain its position in the market. Robert Bosch GmbH focuses on several organic and inorganic growth strategies, such as product launches, collaborations, partnerships, expansions, and agreements, to strengthen its position in the automotive sensors market.

ON Semiconductor

ON Semiconductor is a leading provider of automotive sensors. Its Intelligent Sensing Group (ISG) has exceptional CMOS technology and imaging technical expertise. This expertise enables ISG to build strong customer relationships and understand sensor requirements. ISG USES its understanding of the automotive sector to deliver innovative sensing solutions that meet the needs of a diverse range of customers. This makes ON Semiconductor a leader in the development of automotive sensing technology. ON Semiconductor strategically establishes a comprehensive global presence for its automotive sensor market. This encompasses design operations across the US and numerous strategic international locations, including Belgium, China, Germany, Japan, South Korea, and the UK, ensuring proximity to key markets. By operating front-end wafer fabrication facilities and back-end assembly sites in critical regions like the Czech Republic, Japan, South Korea, Malaysia, and the US, the company enhances its ability to produce cutting-edge automotive sensor solutions efficiently.

OMNIVISION

OMNIVISION specializes in designing and manufacturing advanced digital imaging solutions, including CMOS image sensors and ASICs (Application-Specific Integrated Circuits). Their Nyxel near-infrared (NIR) technology is an innovative technology that enables the development of advanced digital imaging, analog, and touch & display solutions. OMNIVISION's expertise in NIR technology makes it a leader in addressing automotive safety and monitoring challenges. OMNIVISION operates with over 30 offices and 10+ R&D centers worldwide, delivering innovative solutions to customers across North America, Europe, Middle East, Africa, and Asia Pacific

TE Connectivity

TE Connectivity offers a wide range of automotive sensors, including temperature, pressure, position, and flow sensors. This broad portfolio allows TE Connectivity to meet the needs of automakers and Tier 1 suppliers for various applications. TE Connectivity's automotive sensors are manufactured to high standards, ensuring that they meet the demanding requirements of the automotive industry. TE Connectivity has a global manufacturing and distribution network allows it to quickly and efficiently deliver products to customers worldwide.

Continental AG

Continental AG is one of the leading companies in the global automotive sensors market. The technology company offers safe, efficient, intelligent, convenient, and affordable vehicle mobility solutions. Also, the company focuses on significantly investing in R&D to sustain its position in the market. For instance, the company invested ~11% of its annual revenue in R&D activities in 2022. Continental AG is working on the Continental Strategy 2030 and the Transformation 2019–2029 structural program to sustain itself in the market. The program aims to strengthen its competitiveness over the long term and ensure its viability. The program also considers multiple parallel developments: an increasingly digitalized working environment, the emerging crisis in the automotive industry, and the accelerated change in powertrain technology due to more stringent emissions legislation.

Related Reports:

Automotive Sensors Market by Sales Channel (OEM, Aftermarket), Type (Temperature, Pressure, Oxygen, Position, Speed, Inertial, Image, Level, Chemical Sensors), Vehicle Type (Passenger Car, LCV, HCV), Application, Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
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