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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Sensors Market Size
The global automotive sensors market attained a value of approximately USD 33.52 billion in 2023. The market is further expected to grow at a CAGR of 9.50% in the forecast period of 2024-2032, reaching a value of around USD 75.85 billion by 2032.
Key Trends in the Market
Automotive sensors refer to electronic devices that are designed to monitor specific aspects of vehicular performance and transmit information to the electronic control unit of the vehicle or to the driver. These devices can be used to check aspects such as pressure, temperature, position, speed, and gas. Automotive sensors are also capable of examining and determining range of values which would optimise vehicular performance.
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- Technological advancements in infotainment systems are among the key automotive sensors market trends as various data garnered from the sensors can be easily viewed through infotainment system display screens. Increasing investments towards upgrading infotainment features, such as LED screens, navigation, and Bluetooth connectivity, are expected aid the market further.
- Automotive sensors provide features and data that improve the safety of driving which is building an increased demand among customers. This factor is encouraging more automakers to incorporate a variety of automotive sensors in low- to mid-tier car models to enhance the driving experience and safety of passengers.
- Rapid electrification of automobiles, leading to a heightened sale of electric passenger and commercial vehicles, is a crucial trend in the automotive sensors market. As more governments encourage electric vehicles, the usage of advanced automotive sensors in electric vehicles is anticipated to rise to further optimise vehicular movement.
Market Analysis
Based on sensor type, the market is segmented into temperature sensors, pressure sensors, level/position sensors, speed sensors, gas sensors, and magnetic sensors, among others. On the basis of application, the automotive sensors market is classified into powertrain, chassis, vehicle body electronics, safety and control systems, telematics systems, and exhaust systems, among others. By sales channel, the market is bifurcated into original equipment manufacturer (OEM) and aftermarket. Based on vehicle type, the market is categorised into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). The regional markets for automotive sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global automotive sensors market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Infineon Technologies AG
- Robert Bosch GmbH
- NXP Semiconductors N.V.
- Continental AG
- Littelfuse, Inc.
- Others
Market Share by Application
The powertrain segment, based on application, accounts for a healthy share of the automotive sensors market. Automotive powertrain sensors, such as manifold absolute pressure (MAP) sensor, barometric pressure sensor (BARO), and engine oil pressure sensor, are widely applied in powertrains. They are used to facilitate weather management, atmospheric pressure management, to optimise engine parameters, and to defined proper air and fuel quantities in order to improve the functioning of an automobile. Meanwhile, safety and control systems applications of automotive sensors are expected to witness steady growth in the forecast period, driven by the rising safety regulation standards amidst increasing cases of road accidents.
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Market Share by Vehicle Type
Based on vehicle type, the passenger car segment occupies a significant share in the automotive sensors market as automotive sensors are integral components in passenger vehicles to enhance the driving experience of customers. The increasing sale of luxury vehicles, SUVs, and sports cars, coupled with the increasing automobile maintenance expenditure of the population across emerging economies, is driving the segment’s growth. The rising preference towards safer, efficient, and eco-friendly cars is expected to bolster the incorporation of automotive sensors of sophisticated quality. Moreover, advancements in passenger vehicles being carried out by automotive manufacturers to gain a competitive edge are likely to aid the growth of this segment in the coming years.
Competitive Landscape of Automotive Sensors Industry
Infineon Technologies AG is a leading semiconductor manufacturing company, the product portfolio of which includes battery management ICs, microcontroller, sensor, transceiver, software, and security and smart card solution, among others. The company was founded in 1999 and is headquartered in Neubiberg, Germany.
Robert Bosch GmbH is a renowned engineering company which develops smart mobility solutions in areas of hardware, software, and services. This company also offers services related to home, industry and trades, and market specific solutions. Founded in 1886, the company is based in Gerlingen, Germany.
NXP Semiconductors N.V. is a prominent semiconductor manufacturing company which provides smart, safe, and sustainable solutions related to automotive, industrial and IoT, mobile, and communication infrastructure markets. The company was established in 2006 and is headquartered in Eindhoven in the Netherlands.
Other market players include Continental AG, and Littelfuse, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Sensor Type |
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| Breakup by Application |
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| Breakup by Sales Channel |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automotive Sensors Market Report Snapshots
Automotive Sensors Market Size
Automotive Sensors Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 33.52 billion in 2023.
The market is estimated to grow at a CAGR of 9.50% between 2024 and 2032.
The market is estimated to witness a healthy growth between the forecast period of 2024-2032, reaching a value of USD 75.85 billion by 2032.
The major drivers of the market include increasing demand for passenger cars, thriving transportation sector, and growing focus on automotive safety.
The key trends in the market include technological advancements in automotive sensors, rapid electrification of motor vehicles, and increasing aftermarket sales of automotive sensors.
The different sensor types in the market for automotive sensors are temperature sensors, pressure sensors, level/position sensors, speed sensors, gas sensors, and magnetic sensors, among others.
The various applications of automotive sensors in the market are powertrain, chassis, vehicle body electronics, safety and control systems, telematics systems, and exhaust systems, among others.
The major market players, according to the report, are Infineon Technologies AG, Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, and Littelfuse, Inc., among others.
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