Automotive Sensor Market was valued at USD 13.5 Bn. in 2023 and is expected to reach USD 23.44 Bn. by 2030, at a CAGR of 8.2 % during the forecast period.
Automotive Sensor Market Overview
Automotive sensors are electronic components that detect and measure various parameters like speed, temperature, pressure, and position in vehicles. They are essential in modern cars, providing data to the vehicle’s electronic systems to enhance performance, safety, and fuel efficiency.
The Automotive Sensor Market is experiencing steady growth, driven by the rising adoption of advanced driver assistance systems (ADAS), electric vehicles (EVs), and autonomous vehicles (AVs). This market spans key regions such as North America, Europe, Asia Pacific, and other parts of the world.
Market Forecast and Key Dynamics:
Electric vehicles (EVs) require accurate tracking of two key metrics: the State of Charge (SOC), which shows how full the battery is, and the State of Health (SOH), which measures the battery’s condition and degradation over time. Proper temperature management is crucial for EV safety, as their batteries need precise thermal control, unlike internal combustion engine (ICE) vehicles. If the battery temperature falls outside the optimal range, charging and discharging processes are disrupted, affecting power output.
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Automotive Sensor Market Regional Insights
The Asia Pacific region, including major automotive markets like China, Japan, South Korea, and India, is experiencing rapid growth in vehicle demand due to factors such as industrialization, urbanization, and higher disposable incomes. This surge in both passenger and commercial vehicle production and sales is expected to significantly drive the demand for automotive sensors, fueling the growth of the Automotive Sensor Market in the region.
Automotive Sensor Market Segmentation
By Type
Oxygen sensor
Mass airflow sensor
Radar sensors
LiDAR
Pressure sensors
Engine speed sensor
Others
By Sales Channel
Original Equipment Manufacturer (OEM)
Aftermarket
By Application
Powertrain
Chassis
Body Electronics
Safety & Security
Telematics
Others
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Automotive Sensor Market Key Players
North America:
Texas Instruments (United States)
Sensata Technologies (United States)
Delphi Technologies (United Kingdom)
Allegro Microsystems (United States)
Analog Devices, Inc. (United States)
CTS Corporation (United States)
Honeywell International Inc. (United States)
3M (United States)
Europe:
Bosch (Germany)
Continental AG (Germany)
STMicroelectronics (Switzerland)
Melexis NV (Belgium)
HELLA GmbH & Co. KGaA (Germany)
Valeo SA (France)
First Sensor AG (Germany)
Infineon Technologies AG (Germany)
TE Connectivity (Switzerland)
Asia Pacific:
Denso Corporation (Japan)
Panasonic Corporation (Japan)
Murata Manufacturing Co., Ltd. (Japan)
Renesas Electronics Corporation (Japan)
ROHM Semiconductor (Japan)
Nidec Corporation (Japan)
Mitsubishi Electric Corporation (Japan)
Aisin Seiki Co., Ltd. (Japan)
Key questions answered in the Automotive Sensor Market are:
- What is Automotive Sensor?
- What was the Automotive Sensor market size in 2021?
- What is the growth rate of the Automotive Sensor Market?
- Which are the factors expected to drive the Automotive Sensor market growth?
- What are the different segments of the Automotive Sensor Market?
- What growth strategies are the players considering to increase their presence in Automotive Sensor?
- What are the upcoming industry applications and trends for the Automotive Sensor Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Sensor Market?
- What segments are covered in the Automotive Sensor Market?
- Who are the leading companies and what are their portfolios in Automotive Sensor Market?
- What segments are covered in the Automotive Sensor Market?
- Who are the key players in the Automotive Sensor market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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