North America Automotive
Sensors Market Trends, Size, Segment and Growth by Forecast to 2030

The North
America automotive sensors market accounted for US$ 1.63 Bn in 2018 and is
expected to grow at a CAGR of 5.7% over the forecast period 2019-2027, to
account for US$ 2.66 Bn in 2027.

The automotive giants are constantly eyeballing on the
electric vehicle segment as the section has attracted several customers. Major
players catalyzing the market for electric vehicles worldwide include Tesla,
BMW, Nissan, Ford, and Volkswagen, among others. Electric vehicles consist of
several types of sensors which enhances the reliability, safety, and
performance of the vehicles. The electrification of automobiles is ushering the
automotive industry and the industries associated with it to a greater extent.
The automobile manufacturers, along with several semiconductor manufacturers,
are constantly innovating and developing advanced semiconductor and electronic
solutions in order to deliver the safest, reliable, and performance-oriented
vehicle to their customers. The automotive OEMs are integrating their vehicle's
dashboards, seats, heating systems as well as mirrors with advanced sensors and
embedded computers, which is facilitating the sensors industry players to
design and develop robust technologies. Sensors are also integrated into areas
such as braking system, induction motor, and battery system, among others. The
growth of electric vehicle is foreseen to be exponential due to increasing
concerns related to the environment and several stringent laws by Worldwide
Harmonized Light Vehicles Test Procedure (WLTP). With the rising electric
vehicle production, the requirement for a large number of semiconductors and
other electronics.



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The automakers are observing substantial demand for smart devices in their
vehicles. This has led the automobile manufacturers to continuously focus on
innovating, designing, and developing connected cars which have already
attracted a fair percentage of customers in major automotive manufacturing
countries. Pertaining to the consumers' demand and attraction toward connected
cars, semiconductors are expected to become an integral part of the innovations
in the automotive industry in the coming years. The growth trajectory of
connected cars is largely anticipated to depend upon several parameters such as
technological improvements, consumer preference to adopt connected cars,
pricing as well as the ability of the suppliers and OEMs to address the
critical concerns related to the safety of the vehicles. Attributing to these
parameters, both the industry players i.e., automotive and sensors industry are
constantly focusing on improving technologies, negotiating prices of raw
materials, and finally integrating the cars with robust technologies. This
factor is expected to trigger the growth of the North America automotive
sensors market in the coming years. The substantial thrust in connected cars
segment is foreseen to accentuate further the demand for the advanced sensor
for optimizing the vehicle's safety and performance, which has is expected to
create profitable market space for North America automotive sensors market in
the future.



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. The figure given below highlights the revenue share of
Canada in the North American North America automotive sensors market in the
forecast period:



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

North America Automotive Sensors Strategic Insights

Strategic insights for the North America Automotive Sensors
provides data-driven analysis of the industry landscape, including current
trends, key players, and regional nuances. These insights offer actionable
recommendations, enabling readers to differentiate themselves from competitors
by identifying untapped segments or developing unique value propositions.
Leveraging data analytics, these insights help industry players anticipate the
market shifts, whether investors, manufacturers, or other stakeholders. A
future-oriented perspective is essential, helping stakeholders anticipate
market shifts and position themselves for long-term success in this dynamic
region. Ultimately, effective strategic insights empower readers to make
informed decisions that drive profitability and achieve their business
objectives within the market.

North America Automotive Sensors Regional Insights

The geographic scope of the North America Automotive Sensors
refers to the specific areas in which a business operates and competes.
Understanding local distinctions, such as diverse consumer preferences (e.g.,
demand for specific plug types or battery backup durations), varying economic
conditions, and regulatory environments, is crucial for tailoring strategies to
specific markets. Businesses can expand their reach by identifying underserved
areas or adapting their offerings to meet local demands. A clear market focus
allows for more effective resource allocation, targeted marketing campaigns,
and better positioning against local competitors, ultimately driving growth in
those targeted areas.

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Akshay

Senior Market Research Expert at Business Market Insights