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South Korea Automotive Sensors Market - By Sensor Type (Pressure, Temperature, Image, Flow, Chemical and Gas, Position and Proximity), Technology , Industry, Trends, Forecast - (2020 - 2025)

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South Korea’s automotive sensors market is expected to grow to USD 0.90 billion by 2021 at a CAGR of 8.46% 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. The development of new applications for technologies that utilize nano and micro technology will help South Korea’s automotive sensor market grow. Increased R&D in the sensor industry is creating opportunities for technological advancements that open up new horizons for sensor applications.

The major trend driving South Korea’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 South Korean government signed the Korea-Australia Free Trade Agreement (KAFTA) with the Australian government, seeking to benefit its numerous industries (automotive) and position itself alongside competitors. South Korea has developed into one of the world's largest automobile producers. Hyundai Kia Automotive Group is Korea's largest automaker.

South Korea’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 South Korea’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 South Korea along with identification of key drivers and restraints for the market.
  • Market analysis for South Korea’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 South Korea’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. 

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