Automotive Sensors Market by Type (Temperature Sensors, Pressure Sensors, Position Sensors, Speed Sensors, MEMS Sensors), Application (Powertrain, Chassis, Body Electronics, Safety & Control, Telematics), Vehicle Type (Passenger Cars, Commercial Vehicles), End-user (Automotive Manufacturers (OEMs), Aftermarket Service Providers, Fleet Operators and Transportation Companies) & Region for 2024-2031
Report ID: 14837|No. of Pages: 202
Automotive Sensors Market by Type (Temperature Sensors, Pressure Sensors, Position Sensors, Speed Sensors, MEMS Sensors), Application (Powertrain, Chassis, Body Electronics, Safety & Control, Telematics), Vehicle Type (Passenger Cars, Commercial Vehicles), End-user (Automotive Manufacturers (OEMs), Aftermarket Service Providers, Fleet Operators and Transportation Companies) & Region for 2024-2031
Automotive Sensors Market Valuation — 2024-2031
The automotive sensors market is being driven upwards by technological advancements in vehicle electrification, autonomous driving systems, and connected car technologies. These developments are positioning automotive sensors as increasingly critical components in modern vehicles. According to analysts from Verified Market Research, the automotive sensors market is estimated to reach a valuation of USD 53.62 Billion by 2031, increasing from USD 32.76 Billion valued in 2024.
The rapid expansion of the automotive sensors market is primarily driven by rising global demand for safer, more efficient, and increasingly autonomous vehicles, as well as government regulations aimed at reducing vehicle emissions and improving road safety. The market is .enabled to grow at a CAGR of 7.01% from 2024 to 2031 by these factors.
Automotive Sensors Market: Definition/Overview
Automotive sensors are sophisticated devices that are designed to detect, measure, and transmit information regarding various vehicle parameters and environmental conditions. These sensors play a crucial role in the functioning of modern vehicles by providing real-time data to the vehicle’s electronic control units (ECUs).
Furthermore, automotive sensors have a wide range of applications, including engine management, emissions control, safety systems, driver assistance features, and comfort functions. The data collected by these sensors is used to optimize vehicle performance, improve fuel efficiency, enhance safety, and provide a more comfortable driving experience. As vehicles become increasingly connected and autonomous, the importance and complexity of automotive sensors continue to grow.
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What Factors are Propelling the Growth of the Automotive Sensors Market?
The increasing focus on vehicle safety and the implementation of stringent safety regulations by governments worldwide are driving the demand for advanced safety sensors in vehicles. Technologies such as adaptive cruise control, lane departure warning systems, and automatic emergency braking rely heavily on various types of sensors. These safety features are increasingly being mandated by regulatory bodies, particularly in developed markets, which is boosting the adoption of automotive sensors.
As the automotive industry moves towards electric and hybrid vehicles, the demand for specialized sensors is rising. Electric vehicles require sophisticated battery management systems that rely on temperature, voltage, and current sensors to ensure optimal performance and safety of the battery pack. Additionally, the unique drivetrain configurations of electric and hybrid vehicles necessitate new types of position and speed sensors. This shift in powertrain technology is creating new opportunities for sensor manufacturers and driving market growth.
Furthermore, the development of autonomous vehicles is significantly propelling the growth of the automotive sensors market. Self-driving cars require an extensive array of sensors, including LiDAR, radar, ultrasonic sensors, and cameras, to perceive their environment and make driving decisions. As automakers and tech companies invest heavily in autonomous vehicle technology, the demand for these advanced sensing systems is expected to surge, driving substantial growth in the automotive sensors market.
What are the Potential Impacts of Automotive Sensor Adoption in the Market?
The adoption of automotive sensors is expected to have profound impacts on the market, particularly in enhancing vehicle safety and performance. These sensors are integral to the development of advanced driver assistance systems (ADAS), which improve road safety by enabling features such as collision detection, lane-keeping assistance, and automatic emergency braking. As a result, the frequency and severity of accidents are significantly reduced, potentially saving lives and decreasing insurance costs. Additionally, automotive sensors play a critical role in the advancement of autonomous vehicles, which rely on accurate and reliable data from various sensors to navigate and make real-time decisions. This could lead to a significant shift in the automotive industry, with a move towards fully autonomous driving, reduced traffic congestion, and improved fuel efficiency.
Furthermore, the integration of sensors in electric vehicles (EVs) for monitoring battery health and optimizing energy use is essential for enhancing the performance and longevity of EVs, contributing to the broader adoption of sustainable transportation solutions.
Category-Wise Acumens
What are the Drivers that Contribute to the Demand for MEMS Sensors?
According to VMR analysis, the MEMS (Micro-Electro-Mechanical Systems) sensors segment is estimated to dominate the market in the type segment during the forecast period. MEMS sensors offer several advantages that make them particularly suitable for automotive applications. They are compact, lightweight, and consume less power compared to traditional sensor technologies. This makes them ideal for use in space-constrained automotive environments and contributes to overall vehicle efficiency.
MEMS sensors also offer high precision and reliability, which are crucial for safety-critical applications in vehicles. For instance, MEMS accelerometers and gyroscopes are essential components in airbag systems and electronic stability control. The ability of MEMS sensors to provide accurate measurements in harsh automotive environments, including high temperatures and vibrations, further drives their adoption.
Furthermore, MEMS sensors are cost-effective to manufacture at scale, making them an attractive option for automakers looking to incorporate advanced sensing capabilities across their vehicle lineup. According to a report, the automotive MEMS sensor market is expected to grow from $3.2 billion in 2019 to $4.7 billion by 2025, with a CAGR of 6.5%. This growth is driven by the increasing adoption of ADAS features and the trend toward vehicle electrification, both of which rely heavily on MEMS sensor technology.
What are the Potential Factors for the Growth of Powertrain Applications in the Market?
The powertrain application segment is estimated to dominate the automotive sensors market during the forecast period. Powertrain sensors play a crucial role in optimizing engine performance, improving fuel efficiency, and reducing emissions. With increasingly stringent emissions regulations worldwide, the demand for precise powertrain sensors has grown significantly. These sensors enable real-time monitoring and adjustment of engine parameters to ensure optimal combustion and minimize pollutant emissions.
The shift towards electric power trains is also driving growth in this segment. Electric vehicles require a separate set of sensors compared to traditional internal combustion engines, including battery management sensors, motor position sensors, and current sensors. According to Bloomberg NEF, electric vehicles are expected to account for 58% of new passenger car sales globally by 2040, indicating a substantial growth opportunity for powertrain sensors in EVs.
Furthermore, the trend toward powertrain electrification in hybrid vehicles is boosting the demand for sensors. Hybrid powertrains require additional sensors to manage the interplay between the electric motor and the internal combustion engine, ensuring smooth operation and optimal efficiency. As the automotive industry continues to focus on improving fuel efficiency and reducing emissions, the importance of advanced powertrain sensors is expected to grow, solidifying this segment’s dominant position in the market.
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Country/Region-wise Acumens
What are the Key Factors that Contribute to Asia Pacific’s Edge in the Market?
According to VMR Analyst, the Asia Pacific region is estimated to dominate the automotive sensors market during the forecast period. The region’s dominance is primarily driven by the presence of major automotive manufacturing hubs in countries like China, Japan, and South Korea. These countries are not only large producers of vehicles but are also at the forefront of adopting new automotive technologies, including advanced sensor systems.
China has been a major growth driver for the automotive sensors market. The country is the world’s largest automotive market and has been aggressively promoting the adoption of electric and autonomous vehicles. According to the China Association of Automobile Manufacturers, new energy vehicle (NEV) sales in China reached 3.52 million units in 2021, a year-on-year increase of 157.5%. This rapid growth in EV adoption is driving demand for various automotive sensors.
Furthermore, governments in the Asia Pacific region are implementing stringent vehicle safety and emissions regulations, necessitating the use of advanced sensor technologies. For instance, China’s implementation of the China 6 emissions standard, equivalent to Euro 6, has increased the demand for sophisticated engine management sensors. Similarly, Japan’s advanced safety vehicle (ASV) promotion plan has boosted the adoption of safety-related sensors in vehicles.
How Do Technological Advancements Shape the Market Landscape in North America?
The North American region is estimated to exhibit significant growth within the automotive sensors market during the forecast period. The region’s growth is driven by the strong presence of automotive technology companies and the rapid adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies.
The United States is a key market for automotive sensors due to its leadership in autonomous vehicle development. Companies like Tesla, Waymo, and traditional automakers are investing heavily in self-driving technologies, which rely extensively on advanced sensor systems. According to the U.S. Department of Transportation, there were over 1,400 automated driving system (ADS) vehicles in testing or development in the United States as of 2021, indicating the scale of potential demand for automotive sensors in this application.
Furthermore, the North American market benefits from a strong culture of innovation and substantial investment in research and development. Universities and research institutions in the region are at the forefront of developing next-generation sensor technologies, such as solid-state LiDAR and advanced radar systems. This innovative ecosystem contributes to the continuous advancement of automotive sensor technologies.
Competitive Landscape
The automotive sensors market’s competitive landscape is characterized by the presence of both established players and innovative startups, all vying for market share in an increasingly technology-driven industry.
Some of the prominent players operating in the automotive sensors market include:
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Infineon Technologies AG
- Sensata Technologies
- Allegro MicroSystems, LLC
- Analog Devices, Inc.
- ELMOS Semiconductor SE
- Aptiv PLC
- NXP Semiconductors N.V.
Latest Developments
- In March 2024, Bosch announced the development of a new generation of LiDAR sensors for autonomous vehicles, promising improved range and resolution at a lower cost.
- In January 2024, Continental AG unveiled a new family of smart sensors for electric vehicles, designed to improve battery management and extend vehicle range.
- In November 2023, Denso Corporation and Qualcomm Technologies announced a collaboration to develop an integrated cockpit and ADAS solution, leveraging advanced sensor technologies.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~7.01% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and |
| Segments Covered |
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| Regions Covered |
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| Key Players | Robert Bosch GmbH, Continental AG, Denso Corporation, Infineon Technologies AG, Sensata Technologies, Allegro MicroSystems, LLC, Analog Devices, Inc., ELMOS Semiconductor SE, Aptiv PLC, NXP Semiconductors N.V. |
| Customization | Report customization along with purchase available upon |
Automotive Sensors Market, By Category
Type:
- Temperature Sensors
- Pressure Sensors
- Position Sensors
- Speed Sensors
- MEMS Sensors
- Others
Application:
- Powertrain
- Chassis
- Body Electronics
- Safety & Control
- Telematics
- Others
Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL AUTOMOTIVE SENSORS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL AUTOMOTIVE SENSORS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL AUTOMOTIVE SENSORS MARKET, BY TYPE
5.1 Overview
5.1 Temperature Sensors
5.2 Oxygen Sensors
5.3 Position Sensors
5.4 Pressure Sensors
5.5 Others
6 GLOBAL AUTOMOTIVE SENSORS MARKET, BY VEHICLE TYPE
6.1 Overview
6.2 Commercial Vehicles
6.3 Passenger Cars
7 GLOBAL AUTOMOTIVE SENSORS MARKET, BY APPLICATION
7.1 Overview
7.2 Exhaust
7.3 Powertrain
7.4 Chassis
7.5 Others
8 GLOBAL AUTOMOTIVE SENSORS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL AUTOMOTIVE SENSORS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Sensata Technologies
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Robert Bosch
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Continental AG
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Delphi Automotive
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Analog Devices
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Denso Corporation
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Infineon Technologies
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 CTS Corporation
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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