Automotive Sensors Market Is Expected To Grow Up To $50.67 Billion By 2032

The global automotive sensors market was worth around USD 29.86 billion in 2023 and is predicted to grow to around USD 50.67 billion by 2032, with a compound annual growth rate (CAGR) of roughly 6.05% between 2024 and 2032.

Automotive sensors are devices that sense and measure physical parameters, such as temperature, pressure, motion, etc., convert such measurements into electrical signals, and transfer these electrical signals to an electronic control unit (ECU) in the motor vehicle or into other control modules for continuous monitoring, diagnostics, and decision-making.

Browse the full “Automotive Sensors Market By Sensor Type (Pressure Sensors, Temperature Sensors, Oxygen Sensors, Position Sensors, Speed Sensors, Nitrogen Oxide Sensor (NOx) Sensors, Image Sensors, Inertial Sensors And Other Sensors), By Vehicle Sensor Type (HCV, LCV And Passenger Car) By Application (Chassis, Powertrain, Safety And Control, Exhaust, Telematics, Body Electronics And Others), And By Region - Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/automotive-sensors-industry

The automotive sensors enhance vehicle performance, safety, and efficiency, making them integral to modern automotive systems. The global automotive sensor market continues to grow, with technology moving faster to support much more advanced systems such as electric vehicles (EVs), autonomous driving systems, and connected vehicles.

Growth-promoting Factors

Several important factors are propelling the growth of the automotive sensor markets:

• Increased Adoption of Advanced Driver Assistance Systems (ADAS): Sensors such as LiDAR, radar, and vision cameras are essential for ADAS, which improves vehicle handling safety while adding autonomy features to vehicles.
• Increased Electrification of Vehicles: In EVs and hybrid vehicles, use of sensors is increasing as they monitor battery health, energy management, and motor control.
• Stringent Safety and Emissions Regulations: Governments all over the world have been enacting very strict safety norms, which automatically trigger the requirement for the application of advanced sensors in vehicles.
• Technological Developments: Innovations in sensor design, such as non-contact 3D magnetic sensors, improve accuracy, reliability, and space efficiency.

Restraints

Though the automotive sensor market has a good rise, it has two major constraints:

• High Price: Advanced sensors used in ADAS and EVs are costly and can be installed in midrange and low-budget vehicles.
• Environmental Limitations: Sensors often perform poorly in adverse weather conditions such as heavy rain or snow, thus hindering the reliability of the system.

Automotive Sensors Market: Report Scope

Market segmentation

The automotive sensor market is categorized into types of sensors, applications, vehicles, and regions.

On the basis of types of sensors, the automotive sensor market is segmented into position sensors, temperature sensors, and pressure sensors. Of these, the position sensor segment leads the market, mainly due to wide applications in monitoring positions for steering, pedal, and valve conditions.

On the basis of application, the global automotive sensor industry is segmented into ADAS, powertrain, and chassis. In this category, ADAS is seen as the leading application in the industry. Advanced driver-assistance systems are witnessing demand in heavy commercial vehicles due to the increase in construction and mining activities worldwide.

On the basis of vehicle type, the automotive sensor market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. Of these, the passenger vehicles segment is projected to witness a significant share during the forecast period. The demand for passenger cars is higher compared to commercial vehicles. These vehicles use sensors catering to a broad range of functions, thus driving segmental growth.

Asia-Pacific is projected to dominate the global automotive sensor market during the forecast period. It held over 53% of the market share in 2024. This growth can be a result of consumers’ increasing preference for SUVs and luxury cars. In these cars, battery monitoring and power delivery largely depend on automotive sensors. Cost-effective manufacturing, rising disposable incomes, and increasing safety legislation across nations such as India and China are other factors fueling the regional market growth.

Companies in the Automotive Sensor Market

The automotive sensors market is significantly influenced by the following companies:

• Robert Bosch GmbH (Germany)
• NXP Semiconductors (Netherlands)
• STMicroelectronics (Switzerland)
• Infineon Technologies AG (Germany)
• Continental AG (Germany)
• Denso Corporation
• Delphi Automotive PLC
• Allegro Microsystems LLC
• Sensata Technologies Inc.
• Analog Devices Inc.

Recent Developments and Acquisitions

• 2024 - Bosch: Bosch acquired SBG Systems for $450 million to enhance its ADAS.
• 2024 - Sensata Technologies: To upgrade the connected vehicle solutions portfolio, Sensata Technologies purchased Xirgo Technologies for $400 million.
• 2024 - CTS Corporation: Opened its doors to new markets via acquisition of TEWA Temperature Sensors. 
• 2024 - Continental: Announced a split of its automotive-electronics unit into two companies for greater market adaptability.

The report segments automotive sensors market as follows:

Global Automotive Sensors Market: Sensor Type

• Pressure Sensors
• Temperature Sensors
• Oxygen Sensors
• Position Sensors
• Speed Sensors
• NOx Sensors
• Image Sensors
• Inertial Sensors
• Other Sensors

Global Automotive Sensors Market: Vehicle Type 

• HCV
• LCV
• Passenger Car

Global Automotive Sensors Market: Application 

• Chassis
• Powertrain
• Safety and Control
• Exhaust
• Telematics
• Body Electronics
• Others

Global Automotive Sensor Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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