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Automotive Sensors Industry Procurement Intelligence, Analysis Report, 2020 – 2027

The global automotive sensor market was valued at ~USD 25-30 billion in 2020 and it is expected to grow at a CAGR of 7-10% from 2020 to 2027.

An automotive sensor is a device that monitors the condition and keeps track of almost everything happening in and outside a vehicle, allowing the onboard computers to make decisions. These decisions help to improve engine performance, reduce emissions, improve safety, etc. Following are the most commonly used sensors across different vehicles:



  • Mass airflow sensor

  • Engine speed sensor

  • Oxygen sensor

  • Spark knock sensor

  • Coolant sensor

  • Manifold absolute pressure (MAF) sensor

  • Fuel temperature sensor

  • Voltage sensor

  • Camshaft position sensor

  • Throttle position sensor

  • Vehicle speed sensor


 


Read report summary or request a free sample copy of the report “Automotive Sensors Industry Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027


 


Demand Outlook


The global automotive sensor market was valued at ~USD 25-30 billion in 2020 and it is expected to grow at a CAGR of 7-10% from 2020 to 2027. The increasing adoption of hybrid electric vehicles has increased the demand for various automotive sensors such as current sensors, temperature sensors, cell voltage sensors, and other components for battery management systems. APAC is the largest geographic segment in the global automotive sensor market with more than 50% revenue share in 2020. The growth in APAC is driven by the growing adoption of electric vehicles in China, South Korea, and Japan. Favorable government policies regarding the use of electric vehicles have propelled market potential for automotive sensor makers in the region. For instance, in January 2021, South Korea approved an electric vehicle subsidy budget of USD891.7 million for 2021. EV cars with a price range of less than USD53,000 will be fully subsidized.


 


Cost Drivers


Raw material cost is the major cost driver of automotive sensor manufacturing. It accounted for more than one-third of the overall cost of production. Thermoplastics like PET (Polyethylene terephthalate), PBT (Polybutylene terephthalate), ceramics are widely used raw materials for automotive sensors. Other major costs include facility costs, machinery costs, labor costs, etc.


 


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  • Turbine Repair and Maintenance Industry Procurement Intelligence : The global turbine repair and maintenance market was estimated at USD 81.8 billion in 2020 and the market is projected to grow at a CAGR of 15.9%. While most of the markets suffered impacts (positive or negative) due to the outbreak of the COVID pandemic.


 



 


Leading suppliers of automotive sensors are:



  • Analog Devices, Inc.

  • Denso Corporation

  • Robert Bosch

  • Sensata Technologies, Inc.

  • Asahi Kasei Corporation

  • Freescale Semiconducto

  • Maxim Integrated

  • Infineon Technologies AG

  •  Measurement Specialties

  • Tekscan, Inc.

  • Texas Instruments Incorporated 

  • GE Measurement and Control Solutions


 


Check out the featured Add-on Services offered with Sugar Processing Market Procurement Intelligence Report.


 


About us:


A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.


 


Our services include (not limited to):


 


Market Intelligence involving - market size and forecast, growth factors, and driving trends


Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership


 


Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing


 


Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption


 


Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.


 


Find More information @ https://www.grandviewresearch.com/pipeline 


 


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