Europe Automotive Sensors Market - By Type (Temperature, Pressure, Speed, Level Position, MEMS, Magnetic, Gas, Inertial), Applications, Geography, Trends, Forecast - (2020 - 2025)

Europe’s automotive sensors market is expected to grow to USD 6.67 billion by 2021 at a CAGR of 8.04% over the period 2016-2021. Europe is the second largest market in the global automotive sensors sector and is expected to maintain its position during the forecast period. Automotive sensors are an integral part of a vehicle, designed to detect, transmit, analyze, record, and display vehicle performance information within the internal and external environment of the vehicle. With the increasing popularity of vehicle automation and increasing demand for connected cars in the region, the demand for automotive sensors is expected to grow significantly during the forecast period. With amendments in the vehicle safety system in the General Safety Regulation (EC) No. 661/2009, new safety features like advanced emergency braking systems, lane departure warning systems, tire pressure management systems, driver seatbelt reminders, etc. have become mandatory for every car, van, truck, and bus sold in the EU. The adoption of such systems has paved the way for the greater adoption of automotive sensors integrated extensively in such systems.

The development of automotive sensors technology such as pre-emptive technology and Conti APIA (integrated stability, collision avoidance, occupant protection) drives the market for automotive sensors significantly in the European region. Sensors in automotive applications such as emission control, battery control, night vision camera systems, occupant detection, etc. have witnessed an escalated growth in recent years. The continuous developments in electronics sensors application and technology along with the rising concern for safety would primarily help fuel the growth of the market in Europe.  In addition, the increasing use of sensors in hybrid, semi-hybrid, and electric cars has helped boost the demand of automotive sensors in Europe. Lack of aftermarket for sensors, along with the stagnant growth of luxury vehicles (a major application for automotive sensors), is one of the main restraints to the growth of the market for automotive sensors in Europe. However, higher accuracy, self-test capabilities, and the need for rapid data transmission are fuelling the trend towards more intelligent sensors, driving the demand for automotive sensors in the forecast period.

Europe’s automotive sensors market is segmented on the basis of type (temperature, pressure, speed, level/position, MEMS, magnetic, gas, and inertial), and application (powertrain, body electronics, vehicle security systems, alternative fuel vehicle, and telematics). Automotive MEMS is expected to dominate the European automotive sensor market in the forecast period. MEMS sensors are acquiring a key role in automotive infotainment and safety applications. The market for automotive MEMS devices has increased by 9% during the last 2 years, indicating that sensor penetration rates would further grow with the growth of passenger vehicles, driven by the recovery of the economy from the economic recession in 2010. ST Microelectronics, one of the leading manufacturers of automotive MEMS sensors, has developed a huge portfolio of MEMS automotive sensors qualified according to AEC-Q100 that are also fuel-efficient. One such significant MEMS sensor is low-g 3-axis accelerometer, which has advanced power-saving features and an extended temperature range that make them an ideal choice for non-critical automotive applications including telematics, navigation, infotainment, and security. Powertrain and vehicle security systems are expected to have a significant share in Europe’s automotive sensors market during the forecast period.

The report considers key trends that will impact the industry and profiles over 10 leading suppliers of Europe’s automotive sensors market. Some of the top companies mentioned in the report are:

• Analog Devices (U.S.)
• Delphi Automotive PLC (U.K.)
• Freescale Semiconductor Inc. (U.S.)
• General Electric Company (U.S.)
• Infineon Technologies AG (Germany)
• Robert Bosch GmbH (Germany)
• Texas Instruments (U.S.)

What the Report Offers

• Market definition for automotive sensors in Europe along with identification of key drivers and restraints for the market.
• Market analysis for Europe’s automotive sensors market, with region-specific assessments and competition analysis on a regional scale.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
• Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
• Identification and analysis of the macro and micro factors that affect Europe’s automotive sensors market on a regional scale.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.