Global Automotive Chassis Application Sensors Market Size, Share and Trends Analysis Report, By Type (Pressure, Speed, Position, and Temperature), By Product Type (Electromagnetic Suspension and Air Suspension), and By End-User (Passenger Vehicles and Commercial Vehicles), Forecast Period (2022-2028)

The global automotive chassis application sensors market is anticipated to grow at a CAGR of 6.2 % during the forecast period (2022-2028). Chassis sensors are monitoring the functions are braking, steering, and suspension. The sensor group is used for AD systems, braking systems, and SAE AV Level 3 motor control systems. Sensors capture and transmit information about roof closures, seating, and the amount of rainfall and can trigger alerts and perform basic tasks appropriately. Autonomous vehicles equipped with various sensors can reduce drivers’ stress and increase their productivity. The increase in the adoption of private cars and the benefits associated with the automotive chassis application sensors promotes the growth of the market during the forecast period.

In addition, passenger car segment is expected to attribute to the significant demand and high production of vehicles globally. Passenger cars are currently at the forefront of vehicle transportation across the globe. The use of motor sensors in passenger cars helps to improve vehicle performance, improve vehicle safety, and reduce emissions of CO2 in vehicles. Improvements in road infrastructure, the availability of cheaper workers, and increased consumer purchasing power have accelerated the need for cars in developing countries which is directly impacting the market positively.

Additionally, the independent capabilities of commercially available vehicles are expected to develop rapidly over the next few years due to stricter regulations and safety tests and increased awareness about vehicle safety. In developed countries, services such as cruise control and lane-keep assist are mandatory for all vehicles and regulations for surveillance. The vehicles require long-distance radar sensors in features such as adaptive cruise control and almost two central rear-facing radar sensors to detect blind spots. In addition, up to 12 ultrasonic sensors are required for features such as parking aids. The use of high-precision sensors is expected to increase as the demand for independent driving features grows.

Some major players in the market include Amphenol Corp., BorgWarner Inc., Continental AG, Denso Corp., and NXP Semiconductors NV, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance,

• In January 2020,Robert-Bosch GmbH, a German-based company, became the first company to introduce lidar sensors, the first lidar system for automotive use.
• In October 2020, Continental AG, a German automotive parts company, invested in the AEye of sensory pioneers. Both companies will be jointly developing Lidar’s long-range sensor, which will be used for advanced and automatic driving of passenger and commercial vehicles.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Product Type
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Amphenol Corp., BorgWarner Inc., Continental AG, DENSO Corp., and NXP Semiconductors NV, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive Chassis Application Sensors Market Report by Segment

By Type

• Pressure
• Speed
• Position
• Temperature
• By Product Type
• Electromagnetic Suspension
• Air Suspension

By End-User

• Passenger Vehicles
• Commercial Vehicles

Global Automotive Chassis Application Sensors Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa