North America’s automotive sensors market is expected to grow to USD 9.16 billion by 2021 at a CAGR of 9.89% over the period 2016-2021. The low cost, compact size, ecofriendly nature, and bulk manufacturing capability are the key drivers that are helping the automotive sensors market grow. Leading the auto industry, the US is the home to top original equipment manufacturers (OEMs), namely General Motors, Ford, and Chrysler participating as great benefactors to the growth of the North American automotive sensors market. The rising economy of Mexico has been at the forefront in terms of inward foreign direct investments when it comes to the automotive industry over the past few years.
The major trend driving North America’s automotive sensor market is miniaturization and improved communication capabilities, which enable their integration into vehicles without interfering with the basic functionalities of the vehicle. The proliferation of advanced electronic control systems has made sensors more accurate and reliable while increasing the response time, robustness, communications capabilities, and efficiency. The continuous innovations and investments in R&D to meet the changing consumer preferences have led to improved fabrication techniques and enhanced sensing abilities at lower costs, driving market growth.
North America’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).
This report gives a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of North America’s automotive sensors market. Some of the top companies mentioned in the report are:
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