Motor Vehicle Sensor Market, By Application, By Product Type, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Motor vehicle sensor control and monitor the chemical, physical, and process changes of automobiles. Sensors are used to reduce fuel consumption as well as onboard the weight of vehicles and also comply with government norms for passengers' safety. The demand for sensors is dependent on a number of factors, ranging from technological advances to foreign trade to micro- and macro-economic variables that seek to improve the system functionality. The various sensor types are temperature sensors, exhaust gas, knock, air mass flow, and crankshaft position which subsequently are used to enhance powertrain performance (which comprises over 50% of the total applications of automotive sensors).

The Motor Vehicle Sensor Market was valued for US$ 34,488.2 Mn in 2021.

Market Dynamics

Increasing adoption and development in the electrical vehicle market is expected to create lucrative growth opportunities to the global motor vehicle sensor market during the forecast period. Electrical vehicle market is rapidly growing across the globe owing to increasing development in battery technology. According to Coherent Market insights analysis, global electric vehicle market is expected to register CAGR 29.2% during the forecast period 2020-2027. Electrical vehicles uses various sensors such as Voltage Sensor, Air Flow Sensor (as coolant), steering position sensor, paddle position sensor, and others. Thus, Increasing adoption and development in the electrical vehicle market is expected to create lucrative growth opportunities to the global motor vehicle sensor market during the forecast period.

In the recent past, the demand of automotive hybrid vehicle is increased in the global market which is expected to drive the global motor vehicle sensor market during the forecast period. For instance, in February 2020, Toyota Motor Corporation, a Japan based automotive manufacturer, launched self-charging hybrid EV Vellfire. A seven seater luxurious car launched it two electric motors and a hybrid battery to control emissions. Further, Coherent Market Insights analysis, global hybrid vehicle market is expected to grow with CAGR 15.3% during the forecast period 2020-2027. Thus, increasing hybrid vehicle market is expected to drive the global motor vehicle sensor market during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global motor vehicle sensor market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global motor vehicle sensor market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global motor vehicle sensor market are Hitachi Ltd, Robert Bosch GmbH, Eaton Corporation, Denso Corporation, Continental AG, Delphi, and Valeo.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global motor vehicle sensor market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global motor vehicle sensor market.

Detailed Segmentation

• Global Motor Vehicle Sensor Market, By Application:
  • Engine and drivetrain
  • Safety and Security
  • Emission control
  • Others
• Global Motor Vehicle Sensor Market, By Product Type:
  • Physical property sensors
  • Process variable sensors
  • Proximity and positioning sensors
  • Chemical property sensors
  • Other sensors
• Global Motor Vehicle Sensor Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Hitachi Ltd*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Robert Bosch GmbH
  • Eaton Corporation
  • Denso Corporation
  • Continental AG
  • Delphi
  • Valeo

"*" marked represents similar segmentation in other categories in the respective section.