US Automotive Sensors Market - Growth, Trends, and Forecasts (2020 - 2025)

The United States Automotive Sensors Market has been segmented By Type (Temperature, Pressure, Speed, Level/Position, Magnetic, Gas, and Inertial Sensors), and Application (Powertrain, Body Electronics, Vehicle Security Systems, and Telematics), and Vehicle Type (Motorcycles, Passenger Cars, and Commercial Vehicles).

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

CAGR:

10 %

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Market Overview

The United States Automotive Sensors Market is expected to register a CAGR of 10% during the forecast period, 2020-2025.

  • The United States is home to the largest semiconductor companies. With a growing focus towards artificial intelligence (AI) and machine learning in vehicles, automotive companies are heavily investing in sensor technology. With the availability of a wide range of microchips and on-chip system devices, safety and comfort have become the primary drivers for the Unites States automotive sensor market.
  • Few of the in-demand sensor technologies include ADAS, lane change warning, anti-lock braking system (ABS), electronic stability control, and adaptive cruise control (ADS), which help improve the safety and provide stress-free driving conditions to the driver.
  • The in-bound cameras, radar, and LIDAR data enhance ADAS technology in vehicles to see and adapt to the world around them. The automakers are also planning to introduce the various features in several new vehicle models to prevent children or pets from being left unattended in vehicles. According to the National Highway Traffic Safety Administration, nearly 50 lives were lost each year.

Scope of the report

The United States automotive sensors market covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various market areas by type, application, and vehicle. The market share of automotive sensor manufacturing companies in the country will be provided in the report.

By Type
Temperature Sensors
Pressure Sensors
Speed Sensors
Level/Position Sensors
Magnetic Sensors
Gas Sensors
Inertial Sensors
By Application Type
Powertrain
Body Electronics
Vehicle Security Systems
Telematics
By Vehicle Type
Motorcycles
Passenger Cars
Commercial Vehicles

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Key Market Trends

Automotive Sensors Enhancing Driver Safety

Developed nations like the United States have imposed various stringent regulations to ensure driver safety. Owing to stringent fuel emission norms and driver safety, sensors will be increasingly in demand for the automotive sector, especially in the United States, as the installation rate of these sensors will be maximum in a short amount of time to comply with the ever-changing regulations.

Safety sensors, such as anti-theft, seat impact sensors, belt tension, and parking sensors, are expected to increase demand. Significant manufacturers are taking the opportunity and contributing significantly to the growth of the automotive sensors market.

With the rapid increase in the integration of safety systems in vehicles, especially in the United States, major players in the market are acquiring other small companies to hold a major share of the market. For instance, in March 2020, TE Connectivity Ltd completed its takeover of First Sensor AG. First Sensor is a global player in sensor technology; its expertise is in chip design and production; it develops and manufactures standard sensors and customer-specific sensor solutions. It has production and sales sites in the United States, along with a worldwide partner network.

Similarly, in 2019, Measurement Specialties Inc., a subsidiary of TE Connectivity, has agreed to acquire Silicon Microstructures Inc. (SMI) from Elmos Semiconductor AG. Silicon Microstructures has a product portfolio of MEMS-based pressure sensors in digital and analog versions.

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Commercial Vehicles Driving Demand for Automotive Sensor

The United States is witnessing a significant boom in the construction and transportation sector. This has resulted in the demand for heavy commercial vehicles. As a result, many truck fleet owners and operators invest in performance upgrades to improve fuel efficiency and driving comfort.

Commercial vehicles are increasingly adopting autonomous braking systems, lane-keeping assist, and adaptive cruise control systems. In the United States, trucks are anticipated to utilize ADAS and connectivity technology to commercialize in the construction and transport space, which will increase the ADAS penetration of sensors in the automotive industry.

For instance, 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. The companies will work together to create radar-based sensing solutions to detect objects and people on job sites. This technology will be crucial for implementing either semi-autonomous and fully autonomous equipment on the construction site.

Whereas 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.

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Competitive Landscape

The United States automotive sensors market is dominated by various international and regional players such as Texas Instruments Incorporated, Continental AG, NXP Semiconductors, and Robert Bosch GmbH. The major automotive sensors manufacturing companies in the market are launching new products to edge over their competitors. For instance,

  • In March 2020, Mitsubishi Electric developed a lidar sensor using a micro-electromechanical system (MEMS) mirror with an extra-wide scanning angle. The lidar product for autonomous vehicles irradiates objects by laser. It uses a dual-axis MEMS mirror to scan for the reflected light, generating three-dimensional images of vehicles and pedestrians.
  • In September 2019, Ouster teamed up with NVIDIA to provide lidar sensors for Level 3 to Level 5 autonomous driving systems. The new system is based on the high-resolution Ouster OS2 lidar and runs on the NVIDIA DRIVE AGX platform.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Temperature Sensors

      2. 5.1.2 Pressure Sensors

      3. 5.1.3 Speed Sensors

      4. 5.1.4 Level/Position Sensors

      5. 5.1.5 Magnetic Sensors

      6. 5.1.6 Gas Sensors

      7. 5.1.7 Inertial Sensors

    2. 5.2 By Application Type

      1. 5.2.1 Powertrain

      2. 5.2.2 Body Electronics

      3. 5.2.3 Vehicle Security Systems

      4. 5.2.4 Telematics

    3. 5.3 By Vehicle Type

      1. 5.3.1 Motorcycles

      2. 5.3.2 Passenger Cars

      3. 5.3.3 Commercial Vehicles

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Robert Bosch GmbH

      2. 6.2.2 DENSO Corporation

      3. 6.2.3 Valeo SA

      4. 6.2.4 HELLA GmbH & Co. KgaA

      5. 6.2.5 Continental AG

      6. 6.2.6 Texas Instruments Inc.

      7. 6.2.7 Infineon Technology

      8. 6.2.8 Nxp Semiconductors

      9. 6.2.9 Analog Devices Inc.

      10. 6.2.10 Hitachi Automotive Systems Americas Inc.

      11. 6.2.11 Methode Electronics Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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