Automotive Sensors Market by Product, Positioning, Application, Distribution Channel, Vehicles

List of Tables

[187 Pages Report] The Automotive Sensors Market size was estimated at USD 32.79 billion in 2023 and expected to reach USD 36.53 billion in 2024, at a CAGR 11.75% to reach USD 71.38 billion by 2030.

Automotive sensors are essential in modern vehicles that detect, measure, and transmit critical information to ensure optimal performance, safety, and efficiency. These sophisticated devices convert physical parameters such as pressure, temperature, speed, position, and gas concentration into electrical signals processed by electronic control units (ECUs) to monitor and control various vehicle functions. Meanwhile, the growing production of automotive vehicles with embedded security features and high-quality sensors for infotainment increases the demand for high-quality sensors. Additionally, the strict norms in the automotive industry for vehicle emission has frequently contributed to the automotive sensors market growth. However, the issues related to the automotive sensors, such as failures and the widening availability of sensors from aftermarket, significantly hinder the market expansions. Companies are working toward research and development activities and innovative technologies to cater to certain challenges. Moreover, the advancements in automotive sensor technology with AR and VR in-vehicle cameras drive the future demands for automotive sensors with the rising adoption rate for electric and self-driving vehicles worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 32.79 billion
Estimated Year [2024]	USD 36.53 billion
Forecast Year [2030]	USD 71.38 billion
CAGR (%)	11.75%

Type: Utilization of radar and ADAS sensor for smooth driving experience

Automotive sensors are vital in enhancing vehicle performance, safety, and emissions control. Image sensors are crucial for advanced driver assistance systems (ADAS) and autonomous driving applications. They assist in lane departure warning, adaptive cruise control, and pedestrian detection. A pressure sensor used in electric vehicles converts pressure into an electric signal depending on the amount of force applied. Pressure sensors also measure fluid pressure in automotive applications, including tire pressure monitoring systems (TPMS), fuel delivery systems, and engine management systems. Additionally, a coolant temperature sensor is utilized to measure the temperature of the engine coolant in heavy-duty vehicles. Proximity and pressure sensors are widely used in automotive applications for pressure monitoring and detecting objects surrounding the car. Furthermore, radar and speed sensors provide distance and object detection in ADAS applications along with speed measurements, such as blind spot detection, adaptive cruise control, and lane change assist. Oxygen or lambda sensors help optimize fuel consumption by measuring the oxygen content in exhaust gasses to maintain optimal air-fuel ratio in combustion engines.

Positioning: High deployment of interior sensors for vehicle performance management

Exterior sensors, also known as intrusion-detection sensors, are widely used to detect an intruder crossing the boundary of a protected area. Radar front, rear, and side sensors have become essential in modern production vehicles' parking assistance and blind-spot detection. On the other hand, interior sensors are used to aid in detecting intrusions inside buildings or other structures. This sensor is used for vehicle locking and arm the alarm, and is designed to catch any movement inside the vehicle.

Distribution Channel: Widening availability of automotive sensor through aftermarket supply channels

The widening availability of automotive sensors throughout the original equipment manufacturers and aftermarket significantly contributes to the market of automotive sensors. Several manufacturers avail their products to customers through their store and supplier channels. Additionally, the increasing aftermarket store for automotive components frequently boosts market growth by providing cost-effective automotive sensors. The choice between aftermarket and OEM automotive sensors depends on customers' preferences and needs. Aftermarket sensors are more affordable and accessible compared to OEM products. They cater to car owners seeking cost-effective options or wanting personalized performance enhancements. However, quality may vary across different aftermarket brands and products. On the other hand, OEM automotive sensors provide consistent, high-quality products that comply with strict industry standards for safety and performance. Vehicle manufacturers often choose OEMs due to their close working relationships on product customization and solution development. OEM sensors usually come at a premium price, assuring customers of compatibility, reliability, and regulatory compliance.

Application: Rising adoption of automotive sensors for vehicle monitoring and pressure control processes

Automotive body electronics sensors are essential components in modern vehicles, responsible for monitoring and controlling various functions, including engine, chassis, and emission control. The rise in demand for advanced features, such as automatic climate control and infotainment during vehicle drives increases the adoption of connectivity sensors in the automotive industry. Automotive sensors play a vital role across various application segments, including body and chassis management systems, exhaust emissions monitoring, powertrain optimization, safety controls implementation in ADAS systems, and telematic services for vehicle connectivity purposes. The constant evolution of technology has led major manufacturers to continually innovate by developing more efficient sensing solutions that cater to ever-changing market demands while complying with stringent regulations.

Vehicles: Expanding integration of automotive sensors in light commercial & passenger vehicles

Heavy commercial vehicles (HCV) comprise trucks, buses, and other large cars primarily using powertrain control systems, engine management, transmission control systems, exhaust after-treatment systems, and advanced driver assistance systems (ADAS). On the other hand, light commercial vehicles (LCV) and passenger cars include ADAS, powertrain & engine control systems, chassis & body electronics, infotainment systems, and interior controls. While all three vehicle segments prioritize fuel efficiency and emission reduction due to increased regulatory requirements globally, HCVs focus on heavy-duty engine applications. At the same time, LCVs cater to urban transportation demands, and passenger cars have a broader range of sensor applications due to their diverse needs for safety, comfort, infotainment systems integration, and electrification advancements.

Regional Insights

In the Americas, the United States and Canada are among the key countries in the automotive sensors market due to rapid innovative technologies and research & development activities. In recent years, there has been an increase in investments by major automotive manufacturers toward the development of advanced sensor technologies to meet stringent government regulations on emissions standards. European countries have witnessed significant growth in the automotive sensors market due to strict emission norms and an emphasis on energy-efficient vehicles. Major European automakers are investing heavily in research & development for advanced sensor integration into their vehicles. The Middle East and Africa region has observed a steady demand for automotive sensors due to increasing consumer preference for technologically advanced vehicles with enhanced safety features. Furthermore, in the Asia-Pacific, China, Japan, and India witnessed growth in automobile production and sales supported by a growing middle-class population seeking better-quality vehicles with enhanced safety features. India and China have shown potential growth in the automotive sensors market due to government initiatives, such as 'Make in India' and 'Make in China, ' which foster domestic manufacturing and attract foreign investment.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Sensors Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Sensors Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Sensors Market, highlighting leading vendors and their innovative profiles. These include Allegro MicroSystems, LLC, Analog Devices, Inc., Aptiv PLC, Autoliv Inc., BorgWarner Inc., Cebi International S.A., Continental AG, CTS Corporation, Defovo Automotive Sensor, Denso Corporation, Hitachi, Ltd., Infineon Technologies AG, Innoviz Technologies, Ltd., LeddarTech Inc., LEM International SA, Luksens Technologie GmbH, Luminar Technologies Inc., Magna International, Inc., Melexis NV, Mitsubishi Materials Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., ON Semiconductor, Panasonic Holdings Corporation, Quanergy Systems, Inc., Renesas Electronics Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Sensata Technologies, Inc., Sony Group Corporation, STMicroelectronics N.V., TE Connectivity Ltd., Valeo S.A., Velodyne Lidar, Inc. by Ouster, Inc., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Gas Sensors
- Inertial Sensors
- Lidar Sensors
- Parking Sensors
- Particulate Matter Sensors
- Position Sensors
- Pressure Sensors
- Radar Sensors
- Rain Sensors
- Speed Sensors
- Temperature Sensors
- Ultrasonic Sensors

Positioning
- Exterior Sensors
- Interior Sensors

Application
- Body Electronics
- Chassis
- Exhaust
- Powertrain
- Safety and Control
- Telematics

Distribution Channel
- Aftermarket
- Original Equipment Manufacturer

Vehicles
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Sensors Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Sensors Market?

3. What are the technology trends and regulatory frameworks in the Automotive Sensors Market?

4. What is the market share of the leading vendors in the Automotive Sensors Market?

5. Which modes and strategic moves are suitable for entering the Automotive Sensors Market?

Product Code: MRR-434CCDA0487E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising production of passenger and commercial vehicles
  - 5.1.1.2. Integration of high-quality sensors in in-vehicle infotainment systems
  - 5.1.1.3. Stringent norms for vehicle safety and emission
- 5.1.2. Restraints
  - 5.1.2.1. Concerns associated with failure and false alarms caused by automotive sensors
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in automotive sensors with AI, VR, and real-time cameras
  - 5.1.3.2. Emerging popularity of electric and self-driving vehicles worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Susceptibility of some automotive sensors to interference from external factors
5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of radar and ADAS sensor for smooth driving experience
- 5.2.2. Positioning: High deployment of interior sensors for vehicle performance management
- 5.2.3. Distribution Channel: Widening availability of automotive sensor through aftermarket supply channels
- 5.2.4. Application: Rising adoption of automotive sensors for vehicle monitoring and pressure control processes
- 5.2.5. Vehicles: Expanding integration of automotive sensors in light commercial & passenger vehicles
5.3. Market Trend Analysis
- 5.3.1. Strong presence of regional sensor producers catering to evolving ADAS requirements and improving safety needs with consistent R&D efforts in the Americas
- 5.3.2. Enhanced emphasis on investments from global players to establish advanced manufacturing facilities equipped with state-of-the-art machinery and automation systems in APAC
- 5.3.3. Presence of established automakers and strong government initiatives promoting the safe and advance automotive sensors to cater mobility future in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Automotive Sensors Market, by Product

6.1. Introduction
6.2. Gas Sensors
6.3. Inertial Sensors
6.4. Lidar Sensors
6.5. Parking Sensors
6.6. Particulate Matter Sensors
6.7. Position Sensors
6.8. Pressure Sensors
6.9. Radar Sensors
6.10. Rain Sensors
6.11. Speed Sensors
6.12. Temperature Sensors
6.13. Ultrasonic Sensors

7. Automotive Sensors Market, by Positioning

7.1. Introduction
7.2. Exterior Sensors
7.3. Interior Sensors

8. Automotive Sensors Market, by Application

8.1. Introduction
8.2. Body Electronics
8.3. Chassis
8.4. Exhaust
8.5. Powertrain
8.6. Safety and Control
8.7. Telematics

9. Automotive Sensors Market, by Distribution Channel

9.1. Introduction
9.2. Aftermarket
9.3. Original Equipment Manufacturer

10. Automotive Sensors Market, by Vehicles

10.1. Introduction
10.2. Heavy Commercial Vehicle
10.3. Light Commercial Vehicle
10.4. Passenger Car

11. Americas Automotive Sensors Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Automotive Sensors Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Automotive Sensors Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. UltraSense, Mobase Team to Bring Touch Sensing Into Vehicles
- 14.3.2. Sony Semiconductor Solutions to Release CMOS Image Sensor for Automotive Cameras with Industry-Leading 17.42-Effective Megapixels
- 14.3.3. Bosch Opens New Semiconductor Test Center for Chips and Sensors in Malaysia
- 14.3.4. Innoviz and LOXO Expand Partnership to Deploy Autonomous, Zero-Emission Delivery Vehicles Using InnovizOne LiDAR
- 14.3.5. Magna Completes Acquisition of Veoneer Active Safety Business
- 14.3.6. Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle
- 14.3.7. Innoviz Technologies and General Laser Sign Distribution Agreement to Accelerate LiDAR Adoption in Europe
- 14.3.8. Continental's New E-Motor Rotor Position Sensor: More Efficiency and Smoother Operations for Electric Vehicles
- 14.3.9. Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption
- 14.3.10. Polar Semiconductor Investment and Expansion
- 14.3.11. Allegro MicroSystems Announces Groundbreaking New Position Sensors for ADAS Applications

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio