Automotive Sensors Market
Automotive Sensors Market Forecasts to 2030 - Global Analysis By Sensor Type (Pressure Sensors, Temperature Sensors, Position Sensors, Speed Sensors, Proximity Sensors, Oxygen Sensors and Other Sensor Types), Vehicle Type, Material Type, Propulsion, Application, End User and By Geography
According to Stratistics MRC, the Global Automotive Sensors Market is accounted for $28.8 billion in 2024 and is expected to reach $45.8 billion by 2030 growing at a CAGR of 8.0% during the forecast period. Automotive sensors are devices used in vehicles to monitor various parameters and provide data for enhanced safety, performance, and efficiency. They detect physical quantities such as temperature, pressure, speed, and position, converting them into electrical signals for processing by the vehicle's control systems. These sensors play a crucial role in systems like adaptive cruise control, lane-keeping assistance, and engine management, enabling real-time adjustments and responses to changing driving conditions and operational needs.
According to the Indian Brand Equity Foundation (IBEF), passenger vehicles sale in India experienced 28.39% year-on-year growth in March 2021. According to Japan Automobile Manufacturers Association, the Japanese car production rate reached 7.70 million in 2019.
Market Dynamics:
Driver:
Rising demand for electric and hybrid vehicles
The rising demand for electric and hybrid vehicles is significantly driving growth in the market. As these vehicles rely heavily on advanced technology for efficient energy management, emission control, and safety features, the need for sophisticated sensors is increasing. Sensors are essential for monitoring battery performance, electric motor functions, regenerative braking, and overall vehicle health. This surge in electric and hybrid vehicle adoption is propelling innovation and investment in automotive sensor technologies to meet evolving industry requirements.
Restraint:
Data privacy and security concerns
Data privacy and security concerns pose a significant challenge in the market. As vehicles become more connected, sensors generate and transmit vast amounts of data, raising risks of unauthorized access and breaches. These concerns can lead to reduced consumer trust, regulatory complications, and increased costs for implementing robust security measures. Manufacturers must address these issues to ensure the safe handling of sensitive information, potentially impacting the adoption and growth of advanced automotive sensor technologies.
Opportunity:
Growing focus on vehicle connectivity
The growing focus on vehicle connectivity is accelerating advancements in the market. As vehicles integrate more connected features, the demand for sensors that enable seamless communication and data exchange is increasing. These sensors support functionalities like real-time traffic updates, remote diagnostics, and over-the-air updates, enhancing overall driving experience and vehicle performance. This trend is driving innovation and expanding the scope of automotive sensor applications.
Threat:
High cost of sensors
The high cost of sensors in the market can limit their widespread adoption and integration. Elevated prices may hinder the implementation of advanced sensor technologies in lower-cost vehicles, affecting overall market growth. Manufacturers might face challenges in balancing cost and performance, potentially leading to increased vehicle prices for consumers. Additionally, high costs can restrict innovation of new sensor technologies, slowing progress in enhancing vehicle safety, efficiency, and connectivity features.
Covid-19 Impact:
The COVID-19 pandemic had a notable impact on the market, disrupting supply chains and causing delays in manufacturing and distribution. The economic downturn led to reduced vehicle production and a temporary decline in sensor demand. However, the pandemic also accelerated the adoption of advanced technologies and vehicle connectivity, as manufacturers adapted to new market conditions. The shift towards digitalization and remote diagnostics during the pandemic highlighted the growing importance of automotive sensors in future mobility solutions.
The position sensors segment is expected to be the largest during the forecast period
The position sensors is expected to be the largest during the forecast period. These sensors are essential for systems such as throttle control, suspension adjustments, and steering angle measurement. They enhance vehicle safety, performance, and efficiency by providing real-time data for precise control and adjustment. The increasing complexity of modern vehicles and the push for advanced driver-assistance systems (ADAS) are driving the demand for reliable and accurate position sensors.
The titanium segment is expected to have the highest CAGR during the forecast period
The titanium segment is expected to have the highest CAGR during the forecast period. These properties make titanium an ideal material for sensors exposed to harsh conditions, such as high temperatures and aggressive environments. Its lightweight nature also helps in improving vehicle efficiency and performance. As automotive sensors evolve to become more robust and durable, the use of titanium is expected to grow, enhancing sensor longevity and reliability in various automotive applications.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by technological advancements and increasing demand for vehicle safety and connectivity. The region's strong automotive industry, characterized by major manufacturers and a high adoption rate of advanced driver-assistance systems (ADAS), is a key factor in this expansion. The region is also a leader in the development and integration of cutting-edge technologies such as autonomous driving and electric vehicles, which rely heavily on sophisticated sensors.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period due to increasing vehicle production and technological advancements. This region, known for its major automotive manufacturing hubs is a key driver of sensor demand. The rise in electric and hybrid vehicles, along with the growing focus on vehicle safety and connectivity, fuels the need for advanced sensors. Moreover, government regulations promoting enhanced vehicle safety and emissions control are further boosting market growth.
Key players in the market
Some of the key players in Automotive Sensors market include Bosch Group, Denso Corporation, Continental AG, Delphi Technologies, Texas Instruments Incorporated, NXP Semiconductors N.V., Infineon Technologies AG, STMicroelectronics N.V., Valeo S.A., Aptiv PLC, Honeywell International Inc., Renesas Electronics Corporation, Magna International Inc., Hitachi Automotive Systems, Ltd., Hella GmbH & Co. KGaA, Johnson Matthey plc, Broadcom Inc., Toshiba Corporation, Microchip Technology Inc. and Emerson Electric Co.
Key Developments:
In July 2024, Infineon Technologies AG and Swoboda collaborated to create and promote advanced current sensor modules specifically designed for automotive applications. The collaboration merges Infineon’s top-notch current sensor integrated circuits (ICs) with Swoboda’s specialized knowledge in sensor module development and commercialization.
In January 2024, Valeo and Teledyne FLIR announced agreement and first contract for thermal imaging for automotive safety systems. The collaboration brings together Valeowith Teledyne FLIR to create the next generation of multispectral sensor fusion systems for automotive safety.
Sensor Types Covered:
• Pressure Sensors
• Temperature Sensors
• Position Sensors
• Speed Sensors
• Proximity Sensors
• Oxygen Sensors
• Other Sensor Types
Vehicle Types Covered:
• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles (EVs)
• Autonomous Vehicles
Material Types Covered:
• Magnesium
• Titanium
• Beryllium
• Polycarbonate (PC)
• Polyamide (PA)
• Polymethyl Methacrylate (PMMA)
• Other Material Types
Propulsions Covered:
• Electric
• IC Engine
Applications Covered:
• Powertrain
• Safety & Security
• Body Electronics
• Chassis
• Driver Assistance
• Infotainment
• Other Applications
End Users Covered:
• Automobile Manufacturers
• Automotive Component Suppliers
• Commercial Vehicle Manufacturers
• Research and Development Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Sensors Market, By Sensor Type
5.1 Introduction
5.2 Pressure Sensors
5.3 Temperature Sensors
5.4 Position Sensors
5.5 Speed Sensors
5.6 Proximity Sensors
5.7 Oxygen Sensors
5.8 Other Sensor Types
6 Global Automotive Sensors Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Vehicles
6.3 Commercial Vehicles
6.4 Electric Vehicles (EVs)
6.5 Autonomous Vehicles
7 Global Automotive Sensors Market, By Material Type
7.1 Introduction
7.2 Magnesium
7.3 Titanium
7.4 Beryllium
7.5 Polycarbonate (PC)
7.6 Polyamide (PA)
7.7 Polymethyl Methacrylate (PMMA)
7.8 Other Material Types
8 Global Automotive Sensors Market, By Propulsion
8.1 Introduction
8.2 Electric
8.2.1 Battery Electric
8.2.2 Plug-in Hybrid Electric
8.3 IC Engine
8.3.1 Gasoline
8.3.2 Diesel
9 Global Automotive Sensors Market, By Application
9.1 Introduction
9.2 Powertrain
9.3 Safety & Security
9.4 Body Electronics
9.5 Chassis
9.6 Driver Assistance
9.7 Infotainment
9.8 Other Applications
10 Global Automotive Sensors Market, By End User
10.1 Introduction
10.2 Automobile Manufacturers
10.3 Automotive Component Suppliers
10.4 Commercial Vehicle Manufacturers
10.5 Research and Development Institutions
10.6 Other End Users
11 Global Automotive Sensors Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bosch Group
13.2 Denso Corporation
13.3 Continental AG
13.4 Delphi Technologies
13.5 Texas Instruments Incorporated
13.6 NXP Semiconductors N.V.
13.7 Infineon Technologies AG
13.8 STMicroelectronics N.V.
13.9 Valeo S.A.
13.10 Aptiv PLC
13.11 Honeywell International Inc.
13.12 Renesas Electronics Corporation
13.13 Magna International Inc.
13.14 Hitachi Automotive Systems, Ltd.
13.15 Hella GmbH & Co. KGaA
13.16 Johnson Matthey plc
13.17 Broadcom Inc.
13.18 Toshiba Corporation
13.19 Microchip Technology Inc.
13.20 Emerson Electric Co.
List of Tables
1 Global Automotive Sensors Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive Sensors Market Outlook, By Sensor Type (2022-2030) ($MN)
3 Global Automotive Sensors Market Outlook, By Pressure Sensors (2022-2030) ($MN)
4 Global Automotive Sensors Market Outlook, By Temperature Sensors (2022-2030) ($MN)
5 Global Automotive Sensors Market Outlook, By Position Sensors (2022-2030) ($MN)
6 Global Automotive Sensors Market Outlook, By Speed Sensors (2022-2030) ($MN)
7 Global Automotive Sensors Market Outlook, By Proximity Sensors (2022-2030) ($MN)
8 Global Automotive Sensors Market Outlook, By Oxygen Sensors (2022-2030) ($MN)
9 Global Automotive Sensors Market Outlook, By Other Sensor Types (2022-2030) ($MN)
10 Global Automotive Sensors Market Outlook, By Vehicle Type (2022-2030) ($MN)
11 Global Automotive Sensors Market Outlook, By Passenger Vehicles (2022-2030) ($MN)
12 Global Automotive Sensors Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
13 Global Automotive Sensors Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
14 Global Automotive Sensors Market Outlook, By Autonomous Vehicles (2022-2030) ($MN)
15 Global Automotive Sensors Market Outlook, By Material Type (2022-2030) ($MN)
16 Global Automotive Sensors Market Outlook, By Magnesium (2022-2030) ($MN)
17 Global Automotive Sensors Market Outlook, By Titanium (2022-2030) ($MN)
18 Global Automotive Sensors Market Outlook, By Beryllium (2022-2030) ($MN)
19 Global Automotive Sensors Market Outlook, By Polycarbonate (PC) (2022-2030) ($MN)
20 Global Automotive Sensors Market Outlook, By Polyamide (PA) (2022-2030) ($MN)
21 Global Automotive Sensors Market Outlook, By Polymethyl Methacrylate (PMMA) (2022-2030) ($MN)
22 Global Automotive Sensors Market Outlook, By Other Material Types (2022-2030) ($MN)
23 Global Automotive Sensors Market Outlook, By Propulsion (2022-2030) ($MN)
24 Global Automotive Sensors Market Outlook, By Electric (2022-2030) ($MN)
25 Global Automotive Sensors Market Outlook, By Battery Electric (2022-2030) ($MN)
26 Global Automotive Sensors Market Outlook, By Plug-in Hybrid Electric (2022-2030) ($MN)
27 Global Automotive Sensors Market Outlook, By IC Engine (2022-2030) ($MN)
28 Global Automotive Sensors Market Outlook, By Gasoline (2022-2030) ($MN)
29 Global Automotive Sensors Market Outlook, By Diesel (2022-2030) ($MN)
30 Global Automotive Sensors Market Outlook, By Application (2022-2030) ($MN)
31 Global Automotive Sensors Market Outlook, By Powertrain (2022-2030) ($MN)
32 Global Automotive Sensors Market Outlook, By Safety & Security (2022-2030) ($MN)
33 Global Automotive Sensors Market Outlook, By Body Electronics (2022-2030) ($MN)
34 Global Automotive Sensors Market Outlook, By Chassis (2022-2030) ($MN)
35 Global Automotive Sensors Market Outlook, By Driver Assistance (2022-2030) ($MN)
36 Global Automotive Sensors Market Outlook, By Infotainment (2022-2030) ($MN)
37 Global Automotive Sensors Market Outlook, By Other Applications (2022-2030) ($MN)
38 Global Automotive Sensors Market Outlook, By End User (2022-2030) ($MN)
39 Global Automotive Sensors Market Outlook, By Automobile Manufacturers (2022-2030) ($MN)
40 Global Automotive Sensors Market Outlook, By Automotive Component Suppliers (2022-2030) ($MN)
41 Global Automotive Sensors Market Outlook, By Commercial Vehicle Manufacturers (2022-2030) ($MN)
42 Global Automotive Sensors Market Outlook, By Research and Development Institutions (2022-2030) ($MN)
43 Global Automotive Sensors Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
