Automotive Auxiliary Motors and Sensors Market

Key Insights

The Global Automotive Auxiliary Motors and Sensors Market is valued at USD 15.893997 Billion in 2023 and is projected to reach a value of USD 21.93 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 4.1% between 2024 and 2032.

Definition And Overview

The automotive auxiliary motors are the highly efficient and power dense motors that complete tasks that were originally directly coupled to the internal combustion engine. Sensors are crucial components of electronic control systems that are used in automobiles. They are used to monitor automobile parameters such as fuel consumption, level of emissions, and airbag deployment, among others. Several types of sensors such as oxygen sensors, temperature sensors, pressure sensors, position sensors and coolant sensors are broadly used in the automotive manufacturing for various functions. These sensors guarantee the effective and safe operation of the vehicle by detecting, analysing, and controlling the performance of internal as well as external environment of the vehicle.

The Global Automotive Auxiliary Motors and Sensors Market report provides a thorough analysis of each segment including Product Types,Application and for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2019–2032. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the Global Automotive Auxiliary Motors and Sensors Market.

COVID-19 Impact Analysis

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2023 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report covers an exhaustive analysis of Automotive Auxiliary Motors and Sensors industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Automotive Auxiliary Motors and Sensors industry.

The increasing demand for pressure sensors is expected to augment the growth of the market in the years to come. The modern automotive restraint systems use side airbag pressure sensors to ensure and satisfy passenger car safety requirements. The pressure sensor provides digital crash signals to the central airbag unit and is mounted within the car side doors. Furthermore, air pressure sensor is used to optimize engine efficiency by effectively controlling spark advance in case of gasoline and diesel engines. Hence, the increasing usage of pressure sensors in the automotive industry is anticipated to fuel the growth of the market.

The rising vehicle sale across the globe is anticipated to augment the growth of the Automotive Auxiliary Motors and Sensors Market during the forecast period. This is owing to the rapid urbanization, rising disposable income of the consumers, and increasing developments in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the Automotive Auxiliary Motors and Sensors Market in the forecast period.

The high cost and limitations to use sensors in severe weather conditions is expected to hamper the growth of the auxiliary motors and sensors market. This is due to its production in small percentage and hence, achieving cost reduction for sensors used in automotive systems has not been possible. Furthermore, most of the sensors that are currently utilized in automobiles have restricted signal bandwidth and measurement range, which makes it difficult in differentiating between system noise and signals.

Market Segmentation

Product Types Analysis: Preview

On the basis of Product Types, the market is segmented into Auxiliary Motors, Sensors. Sensors held the highest share in the Global Automotive Auxiliary Motors and Sensors Market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Passenger Car, Commercial Vehicle. Passenger Cars accounted for the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

Analysis: Preview

Based on , the market is segmented into . dominates the Global Automotive Auxiliary Motors and Sensors Market and is expected to continue the same trend from 2023 to 2032.

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Report Coverage & Deliverables

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• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis: Preview

Based on geography, the Global Automotive Auxiliary Motors and Sensors Market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2019–2032. North America dominates the Global Automotive Auxiliary Motors and Sensors Market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.

Competitive Landscape

Major players in the Global Automotive Auxiliary Motors and Sensors Market are Delphi Automotive PLC, General Electric Company, Borgwarner, Robert Bosch GmbH, Honeywell International Inc., Continental AG, Robert Bosch GmbH, Texas Instruments, TRW Automotive Holdings Corp., Denso Corporation, Freescale Semiconductor Inc., Infineon Technologies AG, Analog Devices.. The Global Automotive Auxiliary Motors and Sensors Market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.

The Global Automotive Auxiliary Motors and Sensors Market can be categorized as Type, Application, End-Use Industry, and Region.