The Automotive Electronics Sensor Aftermarket Market size was valued at USD 7680 million in 2023 and is expected to reach USD 12999.6 million by 2031 and grow at a CAGR of 6.8% over the forecast period 2024-2031.
The growing complexity of cars, packed with electronics and sensors, is creating a thriving aftermarket for replacement and upgrade sensors. These sensors monitor everything from engine performance to safety systems. As cars age, sensors wear out, and drivers seek reliable replacements compatible with their vehicles. This aftermarket caters to that need. The advancements in cars, like self-driving features and electric cars, require new types of sensors. Aftermarket suppliers are racing to keep pace, developing innovative sensors to work with these evolving technologies. Aftermarket sensors can offer more precise data or faster response times compared to the original parts. This is especially attractive for racing enthusiasts who crave optimal engine function. The stricter environmental regulations are pushing demand for sensors that help cars meet emission standards. Aftermarket options can help drivers maintain compliance and keep their cars running cleanly.
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KEY DRIVERS:
Aging Vehicles Drive Demand for Replacement Sensors in Automotive Electronics Aftermarket
Worn-out sensors are a major reason the aftermarket for car sensors is growing. With more vehicles on the road for longer, the electronic sensors that control everything from engines to airbags inevitably wear out. This creates a demand for replacements that keep cars running smoothly and safely. Aftermarket sensors offer a cost-effective way for drivers to get their vehicles back to top performance.
Advanced driver tech drives aftermarket demand for upgraded car sensors
RESTRAINTS:
The requirement for skilled technicians for proper installation and programming of aftermarket sensors.
The presence of low-quality, counterfeit sensors compromising performance and safety.
OPPORTUNITIES:
Growing demand for repair and replacement as vehicles age.
Rising interest in customization and performance upgrades.
CHALLENGES:
Fast-changing car tech makes it tough for aftermarket suppliers to keep up with the latest sensors.
The rapid development of car technology, particularly in sensor design, presents a hurdle for aftermarket parts suppliers. As car manufacturers (OEMs) equip vehicles with new and advanced sensors, aftermarket suppliers must continuously invest in research and development to create compatible replacements. The key difficulty lies in ensuring that aftermarket solutions can keep up with the fast-paced advancements in sensor technology implemented by OEMs.
Counterfeit sensors threaten aftermarket with safety and performance risks
The war in Russia-Ukraine has disrupted the automotive electronics sensor aftermarket. The Ukraine played a key role in manufacturing crucial components for sensor systems, particularly wiring harnesses essential for various electronic functions in cars. The disruption caused by the war has exacerbated existing supply chain issues, leading to a shortage of these components. This shortage is expected to cause production slowdowns at major car manufacturers, impacting the overall demand for new sensors. Additionally, rising raw material prices due to the war are likely to inflate the cost of aftermarket sensors. While a precise estimate is difficult due to the ongoing nature of the conflict as there’s a potential decline in aftermarket sensor sales by around 5-10%. This could be further amplified if the war disrupts critical logistics routes or widens the chip shortage.
An economic slowdown can disrupt the automotive industry, negatively impacting the aftermarket for electronic sensors. Consumers facing financial strain prioritize essential repairs over routine maintenance, leading to a decline in non-critical sensor replacements. This directly affects aftermarket sales. Thus, a sluggish economy often translates to fewer new car sales. This has a secondary impact on the aftermarket, as fewer new vehicles on the road translates to a smaller pool of cars requiring sensors in the future. To make matters worse, drivers might postpone non-urgent repairs like sensor replacements to save money. While this might seem like a short-term saving, it can extend the lifespan of malfunctioning sensors, potentially leading to bigger problems and costlier repairs down the line. Industry estimates suggest a potential decline in sales by 5-10% during a moderate economic slowdown, putting pressure on aftermarket players to adapt their strategies and navigate these challenging times to maintain profitability.
By Type:
Oxygen Sensor
Lidar Sensor
Temperature Sensor
Position Sensor
Pressure Sensor
Speed Sensor
Others
Oxygen Sensors is the dominating sub-segment in the Automotive Electronics Sensor Aftermarket Market by type holding around 25-30% of market share. Oxygen sensors play a critical role in maintaining optimal engine performance and fuel efficiency. As a result of regular wear and tear, they are frequently replaced, making them a significant segment in the aftermarket.
By Application
Powertrain
Body Electronics
Safety & Control
Telematics
Others
Powertrain is the dominating sub-segment in the Automotive Electronics Sensor Aftermarket Market by application holding around 40-45% of market share. The powertrain segment encompasses sensors essential for engine operation and performance, such as oxygen sensors, temperature sensors, and pressure sensors. These sensors directly impact fuel efficiency, emissions control, and overall vehicle drivability, leading to a high demand for replacements in the aftermarket.
By Vehicle Type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
Passenger Cars is the dominating sub-segment in the Automotive Electronics Sensor Aftermarket Market by vehicle type holding around 60-65% of market share. The passenger car segment has the largest vehicle population globally compared to light and heavy commercial vehicles. This translates to a larger pool of vehicles requiring sensor replacements, making it the dominant segment in the aftermarket.
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The Asia Pacific is the dominating region in the Automotive Electronics Sensor Aftermarket holding around 40-45% of market due to its growing car ownership. This surge translates to a massive need for replacements as these vehicles age. The government regulations pushing for vehicle safety and emission control further fuel the demand for sensors.
Europe is the second highest region in this market with its well-established auto industry and focus on road safety. Stringent regulations mandating features like electronic stability control and advanced driver-assistance systems create a high demand for sophisticated aftermarket sensors.
North America exhibits the fastest growth due to its large and mature aftermarket with a strong preference for performance upgrades and customization. The increasing adoption of electric vehicles in the region necessitates specialized sensors, creating significant opportunities for the aftermarket.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Denso Corporation (Japan), Standard Motor Products, Inc. (US), Delphi Technologies (UK), NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Valeo (France), Continental AG (Germany), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), Sensata Technologies Inc. (US) and other key players.
Denso Corporation (Japan)-Company Financial Analysis
In January 2024: Uno Minda offers new side stand sensors to prevent motorcycle riders from accidentally starting off with the stand down. These magnetic sensors disable the engine and include LED indicators to warn riders of an unsafe stand position.
In Dec. 2023: Delphi expands its aftermarket offerings with new nitrogen oxide (NOx) sensors. These sensors help monitor exhaust emissions, ensuring compliance with environmental regulations and contributing to cleaner air.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 7680 Million |
| Market Size by 2031 | US$ 12999.6 Million |
| CAGR | CAGR of 6.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Oxygen Sensor, Lidar Sensor, Temperature Sensor, Position Sensor, Pressure Sensor, Speed Sensor, Others) • By Application (Powertrain, Body Electronics, Safety & Control, Telematics, Others) • By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Denso Corporation (Japan), Standard Motor Products, Inc. (US), Delphi Technologies (UK), NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Valeo (France), Continental AG (Germany), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), Sensata Technologies Inc. (US) |
| Key Drivers | • Aging Vehicles Drive Demand for Replacement Sensors in Automotive Electronics Aftermarket • Advanced driver tech drives aftermarket demand for upgraded car sensors |
| Restraints | • The requirement for skilled technicians for proper installation and programming of aftermarket sensors. • The presence of low-quality, counterfeit sensors compromising performance and safety. |
Ans: The expected CAGR of the global Automotive Electronics Sensor Aftermarket Market during the forecast period is 6.8%.
Ans: The Automotive Electronics Sensor Aftermarket Market was valued at USD 7680 million in 2023.
Ans: Aging vehicles, ADAS demand, and stricter emission regulations are key drivers.
Ans: Asia Pacific is expected to be the leader due to surging car ownership and regulations.
Ans: Major players include Denso, Bosch, Valeo, and Continental.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Oxygen Sensor
9.4 Lidar Sensor
9.5 Temperature Sensor
9.6 Position Sensor
9.7 Pressure Sensor
9.8 Speed Sensor
9.9 Others
10. Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Powertrain
10.4 Body Electronics
10.5 Safety & Control
10.6 Telematics
10.7 Others
11. Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger Car
11.4 Light Commercial Vehicle
11.5 Heavy Commercial Vehicle
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Electronics Sensor Aftermarket Market Segmentation, By Country
12.2.3 North America Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.2.4 North America Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.2.5 North America Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.2.6 USA
12.2.6.1 USA Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.2.6.2 USA Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.2.6.3 USA Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.2.7 Canada
12.2.7.1 Canada Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.2.7.2 Canada Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.2.7.3 Canada Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.2.8 Mexico
12.2.8.1 Mexico Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.2.8.2 Mexico Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.2.8.3 Mexico Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, by Country
12.3.2.2 Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.3 Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.4 Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.5.2 Poland Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.5.3 Poland Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.6.2 Romania Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.6.4 Romania Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.7.2 Hungary Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.7.3 Hungary Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.8.2 Turkey Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.8.3 Turkey Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.2.9.2 Rest of Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.2.9.3 Rest of Eastern Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, by Country
12.3.3.2 Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.3 Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.4 Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.5.2 Germany Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.5.3 Germany Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.6 France
12.3.3.6.1 France Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.6.2 France Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.6.3 France Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.7 UK
12.3.3.7.1 UK Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.7.2 UK Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.7.3 UK Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.8.2 Italy Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.8.3 Italy Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.9.2 Spain Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.9.3 Spain Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.10.2 Netherlands Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.10.3 Netherlands Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.11.2 Switzerland Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.11.3 Switzerland Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.12.2 Austria Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.12.3 Austria Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.3.3.13.2 Rest of Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.3.3.13.3 Rest of Western Europe Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, by Country
12.4.3 Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.4 Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.5 Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.6 China
12.4.6.1 China Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.6.2 China Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.6.3 China Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.7 India
12.4.7.1 India Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.7.2 India Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.7.3 India Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.8 Japan
12.4.8.1 Japan Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.8.2 Japan Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.8.3 Japan Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.9 South Korea
12.4.9.1 South Korea Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.9.2 South Korea Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.9.3 South Korea Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.10.2 Vietnam Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.10.3 Vietnam Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.11 Singapore
12.4.11.1 Singapore Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.11.2 Singapore Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.11.3 Singapore Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.12 Australia
12.4.12.1 Australia Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.12.2 Australia Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.12.3 Australia Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.4.13.2 Rest of Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.4.13.3 Rest of Asia-Pacific Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, by Country
12.5.2.2 Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.3 Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.4 Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.5.2 UAE Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.5.3 UAE Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.6.2 Egypt Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.6.3 Egypt Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.7.2 Saudi Arabia Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.7.3 Saudi Arabia Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.8.2 Qatar Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.8.3 Qatar Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.2.9.2 Rest of Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.2.9.3 Rest of Middle East Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.3 Africa
12.5.3.1 Africa Automotive Electronics Sensor Aftermarket Market Segmentation, by Country
12.5.3.2 Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.3.3 Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.3.4 Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.3.5.2 Nigeria Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.3.5.3 Nigeria Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.3.6.2 South Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.3.6.3 South Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.5.3.7.2 Rest of Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.5.3.7.3 Rest of Africa Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, by country
12.6.3 Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.6.4 Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.6.5 Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.6.6 Brazil
12.6.6.1 Brazil Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.6.6.2 Brazil Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.6.6.3 Brazil Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.6.7 Argentina
12.6.7.1 Argentina Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.6.7.2 Argentina Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.6.7.3 Argentina Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.6.8 Colombia
12.6.8.1 Colombia Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.6.8.2 Colombia Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.6.8.3 Colombia Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Type
12.6.9.2 Rest of Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Application
12.6.9.3 Rest of Latin America Automotive Electronics Sensor Aftermarket Market Segmentation, By Vehicle Type
13. Company Profiles
13.1 Denso Corporation (Japan)
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Standard Motor Products, Inc. (US)
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Delphi Technologies (UK)
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 NGK Spark Plug CO., LTD (Japan)
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 BorgWarner Inc. (US)
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Robert Bosch GmbH (Germany)
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Valeo (France)
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Continental AG (Germany)
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Hella GmbH & Co. KGaA (Germany)
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Dorman Products (US)
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
13.11 Sensata Technologies Inc. (US)
13.11.1 Company Overview
13.11.2 Financial
13.11.3 Products/ Services Offered
13.11.4 SWOT Analysis
13.11.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Electric Vehicle Charging Infrastructure Market Size was $25.8 billion in 2023 & will reach $199.25 bn by 2032 & grow at a CAGR of 25.5% by 2024-2032
Automotive Electronic Brake System Market Report Scope & Overview:
The Automotive Exhaust Emission Control Device Market Size was USD 44.1 Bn in 2023 & will reach USD 64.1 Bn by 2031 & grow at a CAGR of 4.8 % by 2024-2031.
The Automotive E-axle Market is expected to reach USD 364.27 Bn by 2032, the base value of the market was recorded USD 20.2 Bn in 2023, the CAGR is expected to be 37.9% over the forecast period of 2024-2032.
The Automotive Software Market Size was valued at USD 19.52 billion in 2023 and is expected to reach USD 38.05 billion by 2032 and grow at a CAGR of 7.7% over the forecast period 2024-2032.
The Torque Vectoring Market Size was USD 10.5 Billion in 2023. It is expected to grow to USD 28.5 Billion by 2032 and grow at a CAGR of 11.7% by 2024-2032.
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