The adoption of automotive sensors market has increased owing to increasing advancements in the automotive industry and increasing demand for advanced security features. Further, rise in autonomous vehicles is supplementing the demand for automotive sensor globally. The automotive sensor market has a presence of significant number of players. Geographically, the market is dominated by Asia-Pacific. The dominance of the region is majorly attributed to the presence of large numbers of Chinese automotive and sensors manufacturers. China is one of the prominent leaders in global electric vehicle development globally and ranks first in Asia Pacific region. Also, the country houses a number of automobile manufacturers, and in the current scenario, these Chinese automakers are making remarkable investments in order to procure advanced sensors. Pertaining to the fact this, the quest for advanced technologies among the Chinese mass is significant, the development of advanced sensors is also rapid as compared to other countries in the region. This factor is heavily influencing the growth of sensors developed for automobiles in the country, which is substantially catalyzing the growth of automotive sensors market in Asia Pacific.
Japan is another key influential country in Asia Pacific market for automotive sensors. This is due to the presence of huge number of sensors manufacturers constantly developing innovative products for various usage in automotive. Europe held the second largest market share in global automotive sensors market in 2017, followed by North America. European automotive industry consists of several automotive giants based in different countries. The investment from these automotive OEMs to procure sensors products with an objective to enhance the vehicle technology is noteworthy, which is boosting the market for automotive sensors in these European countries. Similar trend is anticipated in future, which is foreseen to drive the European automotive sensors market in the coming years.
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Significant market initiatives have been taken by some of the leading companies by getting involved in R&D activities and by developing advanced Sensor products and solutions. For instance, recently, Continental Unveiled New Assistance Concepts for Early Risk Detection of Aquaplaning Situations. Aquaplaning assistance concepts utilize surround view camera images and signals from tire-mounted sensors (eTIS) for advanced tire information. Further, TI unlocked mmWave technology for worldwide industrial market through new 60-GHz sensor portfolio. The newest 60-GHz mmWave sensors will be the first to include antenna-on-package offerings, which remove traditional challenges associated with radio-frequency (RF) design while shrinking size up to 75% and reducing overall cost.
The major players operating in the market for automotive Sensor market include ON Semiconductor, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, Melexis, Continental AG, Denso Corporation, Delphi Technologies, Analog Devices, Inc., and Texas Instruments Incorporated among others.
In 2018 Europe
Infineon collaborated with DENSO Corporation, a supplier of advanced automotive technology, components, and systems to accelerate its automotive business. The companies aims to mutually improve systems know-how in both established and new technologies area such as electro-mobility and automated driving.
In 2018 North America
Texas Instruments (TI) introduced a new temperature sensor family that offers ±0.1°C accuracy across a wide temperature range and helps simplify system design for industrial and medical applications.
In 2018 Europe
Continental Unveiled New Assistance Concepts for Early Risk Detection of Aquaplaning Situations. Aquaplaning assistance concepts utilize surround view camera images and signals from tire-mounted sensors (eTIS) for advanced tire information
In 2017 North America
Analog Devices and Renesas Electronics Collaborate on 77/79-GHz Automotive RADAR Technology to Improve ADAS Applications and Enable Autonomous Vehicles. New RADAR Sensor Demonstrator Includes RH850/V1R-M Microcontroller from Renesas Autonomy™ Platform and Analog Devices’ Drive360™ Advanced 28nm CMOS RADAR Technology.
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