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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Car sensors are intelligent systems that control different aspects such as coolant levels, temperature, emission levels, oil pressure, and many more. These sensors work constantly right from the time car is powered up until it is turned off. The various sensor types are temperature sensors, exhaust gas, knock, air mass flow, and crankshaft position which subsequently are used to enhance powertrain performance (which comprises over 50% of the total applications of automotive sensors). These sensors seek their application in various classes utilized in motor vehicles such as physical property, process variable, proximity and positioning, chemical property, and others such as imaging sensors.

The U.S. motor vehicle sensor market is estimated to be valued at US$ 36,952.2 million in 2021 and is expected to exhibit a CAGR of 11.9% % over the forecast period (2021-2028).

Recent Developments:

  • In May 2020, Doosan Bobcat North America has partnered with Ainstein AI, Inc., a radar technologies company, to develop radar sensor systems for Bobcat equipment.
  • In October 2019, Hitachi Ltd. merged its four car parts businesses with Honda Motor Co. to create components supplier.
  • In January 2020, Texas Instruments launched the new Jacinto 7 processor platform. The new Jacinto processor platform brings enhanced deep learning capabilities and advanced networking to solve design challenges in advanced driver assistance systems (ADAS) and automotive gateway applications.

Asia Pacific held dominant position in the U.S. motor vehicle sensor market in 2020, accounting for 43.10% share in terms of volume, followed by Europe and North America, respectively. Increase in adoption of autonomous braking systems, lane-keeping assist, and adaptive cruise control systems dominates the Asia pacific market.

Figure 1. U.S. Motor Vehicle Sensor Market Value (US$ 14,044.4 Mn), by Region, 2020

U.S Motor Vehicle Sensor  | Coherent Market Insights

U.S. Motor Vehicle Sensor Market: Drivers

Stringent regulatory compliance is expected to drive growth of the U.S. motor vehicle sensor market during the forecast period

Various laws and regulations at state, federal, and local levels have significant control over the demand for motor vehicle sensors. The emergence of various government regulations mandates the use of vehicle sensors. For instance, the TREAD Act of 2000 mandates the requirement of tire pressure monitoring systems (TPMS) for all model year 2007 light vehicles for monitoring the air pressure in the vehicle tire and alerting the driver when the pressure in the tire is low. The government mandates have helped support demand proximity and positioning sensors in applications such as occupant position sensors used with advanced airbag systems. These systems, which have been mandatory in all new vehicles, utilize a range of sensors to detect the weight and size of an occupant and its proximity to the airbag module in order to ensure safe deployment of the airbag in the event of an accident. Therefore, these factors are expected to drive growth of the U.S. motor vehicle sensor market during the forecast period.

Advancements in technology are expected to propel the U.S. motor vehicle sensor market growth over the forecast period

The development of new applications for technologies such as micro-electromechanical systems (MEMS) optoelectronics and photoelectronic has increased the sales of sensors. Technological developments in materials and electronics have led to the miniaturization and integration of sensors into intelligent devices and systems measure and analyze as well as act on the resultant information. The manufacture and embedding of smaller sensors into products is becoming a high-growth industry. Sensors have become an integral component of all automotive electronic systems and developments in sensor technology allow for improvements in the automotive electronics subsystems and modules that contain them. Thus, these factors are expected to propel the U.S. motor vehicle sensor market growth in the near future.

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U.S. Motor Vehicle Sensor Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2021: US$ 36,952.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 11.9% 2028 Value Projection: US$ 60,939.7 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Segments covered:
  • By Applications: Engine and drivetrain, Safety and Security, Emission control, Others
  • By Product Type: Physical property, Process variable, Proximity and positioning, Chemical property, Other 
Companies covered:

Robert Bosch GmbH, Hitachi Ltd, Denso Corporation, Eaton Corporation, Delphi Automotive, Continental AG, and Valeo SA

Growth Drivers:
  • Stringent regulatory compliance
  • Advancements in technology
Restraints & Challenges:
  • High cost of implementation
  • Low preference for diesel cars

U.S. Motor Vehicle Sensor Market: Opportunities

Massive demand from the Chinese market can present major growth opportunities in the U.S. motor vehicle sensor market

China is the world’s largest market for motor vehicles and also the biggest manufacturer of motor vehicle products and equipment. The sensor demand across all major motor vehicle systems is closely tied to the developments in-vehicle use and production. The production of motor vehicles in China is continuously rising and this in turn is creating potential opportunities for the sensor market. As the automobile market matures, Chinese consumers are becoming more concerned about fitting more technologically advanced sensors in their vehicles. Many have already purchased an entry-level vehicle and are ready to upgrade to newer and better models.

Advent of sensor fusion can provide key business opportunities in the U.S. motor vehicle sensor market

Sensor fusion refers to the ability to bring together inputs radars, cameras, and LIDARs to form a single model or image of the environment around a vehicle. It is basically combining sensory data derived from disparate sources such that resulting information has less uncertainty. The resulting model is the most accurate since it balances the strengths of different sensors. Many automotive manufacturers increasingly adopt sensor fusion, in order to improve the quality of vehicles and expand the market presence.

Market Trends:

Mergers and acquisitions among market players

Major companies operating in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in September 2012, Robert Bosch GmbH acquired SPX Service Solutions with an aim to become a comprehensive supplier of diagnostics and repair solutions in the automotive domain. In June 2011, Valeo acquired Niles, a Japan-based automotive part manufacturer.

Contracts and agreements among market players

Key players in the market are forced on contracts and agreements, in order to gain a competitive edge in the market. For instance, in March 2012, Delphi Automotive entered into a distributor agreement with TTI Asia, thus expanding its distribution network and escalating its global presence.

Figure 2. U.S. Motor Vehicle Sensor Market Share, By 32.34%, 2020

U.S Motor Vehicle Sensor  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Application, the Safety and Security held dominant position in the market and accounted for 32.34% share in the U.S. motor vehicle sensor market in 2020. The segment is expected to reach US$ 28,707.5 million in 2028.
  • Among Product Type, the Physical Property held dominant position in the market and accounted for 24.13% share in the U.S. motor vehicle sensor market in 2020. The segment is expected to reach US$ 5666.0 million in 2028.

U.S. Motor Vehicle Sensor Market: Restraints

High cost of implementation is expected to hamper the U.S. motor vehicle sensor market growth over the forecast period

The demand for automotive sensors is highly cost-sensitive and the newly introduced vehicle sensors are highly expensive and hence they are used in premium vehicles only. This cost sensitivity of sensors remains a major market. Some of the above-mentioned sensors have been made mandatory by the government and are thus necessary in all automobiles, for example, pressure sensors which have a high cost of implementation has been mandated by the U.S. government and has to be fitted in all vehicles within the country. Therefore, these factors are expected to hamper the U.S. motor vehicle sensor market growth over the forecast period.

Low preference for diesel cars is expected to restrain growth the U.S. motors vehicle sensor market during the forecast period

Majority of consumers are inclined towards petrol cars over diesel cars. This is owing to high fuel efficiency, low maintenance, and low emission. As a result of this, the demand for motor vehicle sensors is significantly hindered. Thus, these factors are expected to restrain growth of the U.S. motors vehicle sensor market over the forecast period.

U.S. Motor Vehicle Sensor Market: Competitive Landscape

Major companies operating in the U.S. motor vehicle sensor market are Robert Bosch GmbH, Hitachi Ltd, Denso Corporation, Eaton Corporation, Delphi Automotive, Continental AG, and Valeo SA.

Vehicle sensors are utilized to monitor conditions like low tire pressure or air bag inflation. Other common vehicle sensors available on the market include: HID daytime running lights, speedometer, odometer, voltage regulator, temperature gauge, smoke alarm, factory installed anti-theft system, compass, tachometer, lockout/service modes and fuel level gauge. The above sensors can be customized according to your needs and installed in various automotive components.

There are many advantages associated with using vehicle sensors in your cars. The foremost advantage that one can enjoy is comfort and convenience while driving your vehicles as these automotive sensors make your ride comfortable and secure. Most of the vehicles come with OEM sensor kits and aftermarket manufacturers provide different accessory kits for replacement of OEM sensors with their own products.

 Market Dynamics:

Launch of sensors for intelligent vehicles is expected to propel growth of the U.S. motor vehicle sensor market. For instance, in September 2020, SmartSens launched two advanced automotive CMOS image sensors—SC100AT and SC410GS—designed to enable the next generation of Advanced Driver Assistance Systems (ADAS).

Major players operating in the U.S. motor vehicle sensor market are focused on developing automobile sensors to enhance their market share. For instance, in August 2020, Continental AG’s Advanced Driver Assistance Systems (ADAS) business unit in the U.S and Canada announced production of 30 million radar sensors that are a key safety component and building block to automated driving.

Key features of the study:

  • This report provides in-depth analysis of the U.S. motor vehicle sensor market, and provides market size (US$ 28,862.4 Million) and compound annual growth rate (11.9%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the U.S. motor vehicle sensor market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Robert Bosch GmbH, Hitachi Ltd, Denso Corporation, Eaton Corporation, Delphi Automotive, Continental AG, and Valeo SA
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The U.S. motor vehicle sensor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. motor vehicle sensor market

Detailed Segmentation:

  • U.S. Motor Vehicle Sensor Market, By Application:
    • Engine and Drivetrain
    • Safety and Security
    • Emission control
    • Others
  • U.S. Motor Vehicle Sensor Market, By Product Type:
    • Physical Property
    • Process Variable
    • Proximity and Positioning
    • Chemical property
    • Others
  • U.S. Motor Vehicle Sensor Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
    • Market Definition and Scope
    • Executive Summary
    • Market Snippet, By Application
    • Market Snippet, By Product Type
    • Market Snippet, By Region
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
    • Regulatory Scenario
    • Solutions Trend
    • New system Launch/Approvals
  4. U.S. Motor Vehicle Sensor Market- Impact of Coronavirus (Covid-19) Pandemic
  5. U.S. Motor Vehicle Sensor Market, by Application, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2027 (%)
      • Segment trends
    • Engine and Drivetrain
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2020–2027, (US$ Million)
    • Safety and Security
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2020–2027, (US$ Million)
    • Emission control
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis, 2020–2027, (US$ Million)
  6. U.S. Motor Vehicle Sensor Market, By Product Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2027 (%)
      • Segment trends
    • Physical Property
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Process Variable
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Proximity and Positioning
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Chemical property
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, Y-o-Y Growth Analysis (US$ Million)
  7. U.S. Motor Vehicle Sensor Market, By Region, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, Y-o-Y Growth Analysis, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
    • Rest of World
      • Market Size and Forecast, By Application, 2020–2027(US$ Million)
      • Market Size and Forecast, By Product Type, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
  8. Competitive Landscape
    • Company Profiles
      • Robert Bosch GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Hitachi Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Denso Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Eaton Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Delphi Automotive
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Continental AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Valeo SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on ‘U.S. Motor Vehicle Sensor Market -forecast to 2027’

FAQgrowicon

Frequently Asked Questions

U.S. motor vehicle sensor market size is estimated to be valued at US$ 36,952.2 Million in 2021 and is expected to exhibit a CAGR of 11.9% between 2021 and 2028.
Stringent regulatory compliance and advancements in technology are the factors fuelling growth of the market.
The Engine and Drivetrain segment is the leading component segment in the market.
High cost of implementation and low preference for diesel cars are factors hindering growth of the market.
Key companies operating in the market are Robert Bosch GmbH, Hitachi Ltd, Denso Corporation, Eaton Corporation, Delphi Automotive, Continental AG, and Valeo SA.
Asia Pacific region is expected to hold dominant position in the market over the forecast period. The growth of the market in the state is driven by investing in performance upgrades to improve fuel efficiency and driving comfort.
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