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Tuesday, 28 Jul 2020 09:00 pm

North America Automotive Sensors Market is expected to reach US$ 2.66 Billion by 2027 with CAGR of 5.7%.

Car sensors are smart sensors that can be used to control and process oil pressure, temperature, emission levels, cooling levels, etc. There are different types of sensors used in cars, but knowing how these sensors work is essential.

By SMN Bureau
The North America automotive sensors market accounted for US$ 1.63 Bn in 2019 and is expected to grow at a CAGR of 5.7% over the forecast period 2020-2027, to account for US$ 2.66 Bn in 2027.
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Car sensors are smart sensors that can be used to control and process oil pressure, temperature, emission levels, cooling levels, etc. There are different types of sensors used in cars, but knowing how these sensors work is essential.

The North America automotive sensors market accounted for US$ 1.63 Bn in 2019 and is expected to grow at a CAGR of 5.7% over the forecast period 2020-2027, to account for US$ 2.66 Bn in 2027.

A sensor is a device, module, machine, or subsystem whose purpose is to detect events or changes in its environment and to send information to other electronic components, often a computer processor. A sensor is always used with other electronics.

The North America Automotive Sensors market is growing along with the Automotive and Transportation industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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The US is anticipated to lead the North America automotive sensors market across the North American region through the forecast period. The United States is home to three of the leading automotive groups in the world - General Motors, Fiat-Chrysler Automotive, and Ford Motor Company, among others. Also, it is home to some of the leading semiconductor manufacturers including Intel, Texas Instruments, ON Semiconductors, and others. Many of the automakers have engine & transmission plants and conduct design, R&D, and testing activities in the US. According to the Auto Alliance, almost a fifth of the R&D investments done globally is spent in the US. High demand for infotainment systems and growing need for safety, better communication, and comfort in the vehicles are proliferating the demand of semiconductors in the automotive industries.

These factors are expected to offer broad growth opportunities in the Automotive and Transportation industry and this is expected to cause the demand for Automotive Sensors assays in the market.

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NORTH AMERICA AUTOMOTIVE SENSORS - MARKET SEGMENTATION

By Type

• LED

• Image Sensor

• Position Sensor

• Temperature Sensor

• Pressure Sensor

• MEMS

• Others

By Application

• Chassis

• Safety & Security

• Body Electronics

• Powertrain

• ADAS

• Others

By Vehicle Type

• LCV

• HCV

• Passenger Car

By Country

U.S.

• Canada

• Mexico

Companies Mentioned

• Analog Devices Inc.

• Continental AG

• DELPHI TECHNOLOGIES PLC

• Denso Corporation

• Infineon Technologies

• Melexis

• NXP Semiconductors NV

• ON Semiconductors

• Robert Bosch GmbH

• Texas Instruments Incorporated

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Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.

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