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Global Market for Automobile Sensors Forecast to Reach $35.2 Billion in 2020

BCC Research estimates that the global market for automobile sensors will grow from $22.1 billion in 2015 to reach nearly $35.2 billion in 2020, a compound annual growth rate (CAGR) of 9.7% for the five year period.

  • Vehicle management systems have the largest share of the global market for automobile sensors, totaling $12.3 billion in 2015. This segment is projected to increase to about $17.0 billion by 2020, a CAGR of 6.7% for the period 2015 to 2020.
  • The safety and support systems segment will increase at a CAGR of 14.0% to reach about $15.7 billion in 2020, up from an estimated $8.2 billion in 2015.



Modern automobiles rely on many electronic systems to meet efficiency and security standards as well as environmental regulations. Automotive electronics systems per
vehicle is on the rise, to satisfy the U.S. government regulations of safety and emissions and the consumer demand for safety, comfort, infotainment applications and
fuel efficiency. As the electronics systems increase in automobiles, the number of automotive sensors used in vehicles is also increasing as these sensors are vital
components of automotive electronic systems. Worldwide increase in vehicle production, technology developments, customer preference and the U.S. government's
mandates are increasing the market for automotive sensors. In modern automobiles, different types of sensors are needed for many important tasks,
ranging from engine performance and passenger safety to comfort and vehicle dynamic behavior. The need for sensors is continuously evolving and growing. The
application market for automotive sensors covers power train, body electronics, vehicle security system, safety and control. The increasing demand of Advance Driver
Assistance Systems (ADAS) and hybrid and electric vehicles are the future opportunities for automotive sensors. Sensor technologies like micro-electromechanical
systems (MEMS) sensor, wireless sensor, radar, etc., are the future of automotive sensors. Of these, MEMS is the most promising and is likely to emerge as a leader in
the automotive world.


Increased demand for convenience, comfort, safety, efficiency and environmental protection drives the automotive sensor market. Sensors integrated with electronics,
communications and computer intelligence are poised for a growth surge. "Smart sensors" or "intelligent sensors" are integrated sensors with intelligence and will be
used in conjunction with all types of devices. The advent of the "smart car" has major implications for the automobile industry as well as the sensor industry. This report will
study the route, which is being taken by various automobile and sensor manufacturers, in achieving the ultimate goal of the "smart car."


The report should attract the attention of engineering technologists and make them more aware of how sensors can contribute to system control and monitoring in an
automobile. This report is intended to serve as a valuable resource for all personnel involved in the design and production of automobile sensors, associated systems and
automobiles; for researchers working in the development of new sensor technologies for use in various automobiles; and for manufacturers of different types of automobile


In today's automobile, systems controlled by sensors have become integral, and this has made most electro-mechanical devices better refined and more efficient with their
application. The development and deployment of number of sensing technologies support and enable the introduction of advanced electronic systems, though there are
challenges regarding robustness, reliability, quality and cost. Though new sensors are emerging to improve system functionality and enable future advanced systems,
existing sensors will also continue to find new applications, building upon their past record of performance. This report will study the areas in the production of an
automobile, which have advanced with the use of sensors and the markets for these sensors in various applications and regions. For this report, automobiles are considered to include all passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs) and buses.


Both primary and secondary research methods were used in preparing this report. Primary information sources for this market research include individuals within companies, various research organizations, governmental agencies and trade associations. Secondary research includes extensive literature reviews, such as trade journals, seminar proceedings, patent literature, company literature, published reports and government publications. Additional secondary research sources include databases,
trade literature, specialized journals and government statistics.


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