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Automotive Powertrain Sensors Market Size, Share & Industry Analysis, By Type (Motion Sensors, Process Sensors, Position Sensors), By Application Type (Passenger Cars, Commercial Vehicles) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105086 | Status : Ongoing

 

KEY MARKET INSIGHTS

Automotive powertrain comprises of a group of components including transmission, drive wheel, engine, driveshaft, track and propeller that generate energy for the propulsion of the vehicles. The development of powertrains is one of the major requirement for successfully competing in emerging transportation markets for motorcycles, cars, trucks, ATVs, off-highway vehicles, and ships. Automotive powertrain components function independently with the help of various sensors and response control systems which improves the engine efficiency through precise monitoring functions, thereby enhancing the efficiency of the combustion process and consequently reducing emissions. These sensors deliver appropriate measurement values such as air quality, speed and pressure required by the electronic control unit to ensure that the vehicle's drive functions are always perfectly set. The rapid growth in the global automobile sales and production is expected to promote the development of the global automotive powertrain sensors market. Also, the increasing demand for electric vehicles integrated with multiple sensors, including voltage sensors that improves the efficiency of the transmission system, is likely to promote the development of the global automotive powertrain sensor market.


Key Market Driver -

Increasing sales and production of vehicles is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Risk of malfunctioning of sensors and may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the Automotive Powertrain Sensors market is segmented by type, by application type, and by geographic coverage. Based on type, the market is further segmented into motion sensors, process sensors, and position sensors. The process sensors holds the major share in the global market. These sensors are widely used in vehicles to monitor the pressure and temperature thereby ensuring the passenger safety and vehicle security. These sensors are majorly equipped in the automobiles for optimizing the performance of the engine and powertrain. Nowadays, the camshaft and crankshaft position sensors are also gaining high traction in the automotive sector. These sensors are essential for changing the timing of valve lift events, thereby improving the performance and fuel economy. The application type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the major share in the global market owing to the rapid sales and production of passenger cars across the globe. Most of the recently launched vehicles are integrated with transmission input speed sensors and transmission output speed sensors. These sensors provide the rotational speed of the input shaft and output shaft to the vehicle control unit to ensure smooth and efficient functioning of the vehicle. Prominent suppliers in this market have adopted the concept of economies of scale, which shows that the cost of these sensors has been greatly reduced, which positively affects the revenue of this segment. Moreover, various automakers around the world are focusing on increasing the penetration rate of sensors in their vehicles to improve vehicle safety and vehicle performance, which is likely to promote the development of the global automotive powertrain sensor market especially in the passenger cars segment.

Key Players:


Major players operating in the global Automotive Powertrain Sensors market include Robert Bosch GmbH, ZF Friedrichshafen AG, Texas Instruments, Continental AG, Delphi Technologies, PCB Piezotronics Inc., Valeo, Balluff Automation, Denso Corporation, Thyssenkrupp AG, Hella GmbH, AB Elektronik GmbH, and Aptiv Inc. among others.

Key Insights



  • New Advancements in Automotive Powertrain Sensors

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Automotive Powertrain Sensors market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe accounts for the maximum share in the global market mainly owing to the presence of prominent automotive companies and implementation of stringent emission norms in the region. It is estimated that most of the vehicle manufacturers and Tier-1 suppliers including Robert Bosch GmbH, Delphi Technologies, and Continental AG with large-scale research and development facilities related to powertrain sensors is likely to promote the automotive powertrain sensor market in this region. Followed by Europe, Asia Pacific is estimated to hold a significant share of the global automotive powertrain sensor market owing to the rapid increase in the vehicles sales and production across the region. Also, compared with any other country, China's electric vehicle sales increased in 2018, which is expected to boost the growth of China's automotive powertrain sensor market. Moreover, the increase in the disposable income of consumers in this region has created a lucrative demand for passenger cars, which in turn is expected to leverage the automotive powertrain sensor market in the region.

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Segmentation






















 ATTRIBUTES    


 DETAILS    


By Type



  • Motion Sensors

  • Process Sensors

  • Position Sensors



By Application Type



  • Passenger Cars

  • Commercial Vehicles



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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