Automotive Sensors Market

Market Leadership - Automotive Sensors Market

The automotive sensors market is projected to reach USD 41.9 billion by 2025 from USD 28.1 billion in 2020, it is expected to grow at a CAGR of 6.9% from 2020 to 2025. The growth of this market is fueled by the increased electrification in the automotive industry, implementation of stringent government regulations related to emissions, increased global motor vehicle production, and rise in consumer demand for safety and comfort in vehicles.

Robert Bosch (Germany), Continental AG (Germany), Delphi Automotive (UK), Denso Corporation (Japan), Infineon Technologies (Germany), Sensata Technologies (US), Allegro Microsystems (US), Analog Devices (US), Elmos Semiconductor (Germany), CTS Corporation (US), and Autoliv Inc. (Sweden) are some of the key players operating in the automotive sensors market. These players have adopted various growth strategies such as product launches, acquisitions, expansions, collaborations, and partnerships to expand their presence in the market. The strategy of product launches was the major strategy adopted by these key players from 2017 to 2019 to strengthen their product portfolios and broaden their customer bases.

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Robert Bosch (Germany) was ranked first in the automotive sensors market in 2019. It is a Germany-based multinational company, which was founded in 1886 as the Workshop for Precision Mechanics and Electrical Engineering. It is one of the leading suppliers of automotive parts for the global automotive industry. The company has a robust market position in almost all industries wherein it operates. In addition, Robert Bosch focuses on enhancing its R&D capabilities to serve the global market and enhance its market position. It also focuses on the strategy of collaborations to expand its business.

Continental AG (Germany) was ranked second in the automotive sensors market in 2019. It is a leading designer and manufacturer of automotive sensors. The company possesses strong R&D capabilities that enable it to offer its competitive products as well as timely support to its customers. Continental AG focuses on the integration of key manufacturing technologies with the leading OEMs to enhance the performance of its automotive sensors that help the company to develop products for the automotive industry.

Related Reports:

Automotive Sensors Market by Type (Temperature, Pressure, Position, Oxygen, NOx, Speed, Inertial, Image), Application (Powertrain, Chassis, Safety & Control, Telematics), Vehicle Type, Sales Channel, Region - Global Forecast to 2025

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Report Code
SE 2489
RI Published ON
12/13/2019
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