PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449380
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449380
North America Automotive Sensors Market Share, Size, Trends, Industry Analysis Report, By Sensor Type ; By Technology; By Vehicle Type; By Application; By Country; Segment Forecast, 2024 - 2032
The north america automotive sensors market size is expected to reach USD 64.68 Billion by 2032, according to a new study by Polaris Market Research. The report "North America Autonomous Cars Market Share, Size, Trends, Industry Analysis Report, By Automation Level (Level 1, Level 2, Level 3, Level 4 and 5); By Vehicle Type; By Application; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Road accidents resulting in injuries and fatalities are frequent due to human error, responsible for over 90% of such incidents. The demand for advanced and secure driving technology has led to the expansion of the autonomous car market in north America. The north America autonomous car market is expanding rapidly, owing to an increase in R&D initiatives for autonomous vehicle development, advancements in connected car technology, rising demand for safe and efficient driving solutions, and significant support from the government.
The increasing popularity of connected vehicles in north america is due to the constant technological advancements and unique features that they offer. These features include seamless integration with smartphones, roadside assistance, alerts for traffic and collisions, and real-time traffic monitoring, which set connected cars apart from traditional passenger vehicles.
The demand for high-end technology is surging in the north america autonomous car market, leading to domination by semi-autonomous vehicles due to the need for ease in driving and increasing concern for safety and security.
Several US states, including California, Texas, Arizona, Washington, and Michigan, have tested and launched autonomous cars. However, these cars are currently confined to specific testing areas and driving scenarios. Audi leads in developing Level 3 autonomous vehicles, as seen with the launch of the Audi A8. However, Level 3 autonomy requires the driver to remain continuously alert while the vehicle operates autonomously.
The National Highway Traffic Safety Administration (NHTSA) states that the majority of road accidents in the US (about 94%) occur due to human errors such as drunk driving and speeding. To minimize such incidents, self-driving cars, which are programmed to obey specific speed limits in designated areas, can be used effectively.
The advancement of IoT and sensor technology allows for more precise monitoring of the environment and obstacles in north america. Furthermore, the use of LiDAR sensors capable of penetrating fog and mist holds great promise for automation. The incorporation of AI algorithms and neural networks in self-driving systems improves not only driver safety but also traffic patterns. Blockchain emerges as a notable trend in the autonomous vehicle sector in north america, offering solutions for vehicle tracking, payment security, and efficient data management.
North America Autonomous Cars Market Report Highlights
In 2023, the level 4 & 5 segment accounted for the fastest market growth in the north america autonomous cars market. Cars equipped with level 4 can drive themselves with human. Autonomous cars can start, navigate, accelerate, decelerate, and park while observing their surroundings. Drivers can activate autonomous mode under certain conditions, but if the vehicle faces challenges beyond its capabilities, it alerts the driver before taking over. Daimler, Tesla, and Ford are testing level 4 autonomous cars in North America.
Passenger vehicles are accounted for the largest market share in the north america autonomous cars market. In north america passenger vehicles are mostly preferred for transportation. Passenger vehicles have witnessed an enormous growth in popularity among the drivers in the region. Owing to the rising purchasing power of people from the region the number of these cars is growing in north america.
The autonomous cars market in Canada is experiencing a surge in demand, driven primarily by the growing popularity of self-driving cars among Gen Z and affluent individuals in Vancouver and Montreal. Additionally, the Canadian government's strict regulations on road traffic management and driver safety are expected to further boost the demand for self-driving vehicles.
The key market players include Aptiv PLC, Autoliv Inc., Ford Motor Company, General Motors Company, NVIDIA Corporation, Subaru of America, Inc., Tesla Inc., Toyota Motor Corporation, Uber Technologies, Volkswagen Group, Volvo Car Corporation, Waymo.
Polaris Market Research has segmented the north america autonomous cars market report based on automation level, vehicle type, application, and country:
North America Autonomous Cars, Automation level Outlook (Revenue - USD Billion, 2019 - 2032)
- Level 1
- Level 2
- Level 3
- Level 4 & 5
North America Autonomous Cars, Vehicle type Outlook (Revenue - USD Billion, 2019 - 2032)
- Passenger Vehicle
- Commercial Vehicle
North America Autonomous Cars, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Transportation
- Commercial
- Personal
- Industrial
- Defense
- Others
North America Autonomous Cars, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America Automotive Sensors Market Insights
- 4.1. North America Automotive Sensors Market - Industry Snapshot
- 4.2. North America Automotive Sensors Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Utilization of commercial vehicles, will drive the growth of the market
- 4.2.1.2. Safety regulations and improvements in Sensor Type will facilitate the market's growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial cost and concern related to data security hindering the growth of the market
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Automotive Sensors Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America Automotive Sensors Market, by Sensor Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Automotive Sensors, by Sensor Type, 2018-2030 (USD Billion)
- 5.3. Temperature
- 5.3.1. North America Automotive Sensors Market, by Temperature, 2018-2030 (USD Billion)
- 5.4. Pressure
- 5.4.1. North America Automotive Sensors Market, by Pressure, 2018-2030 (USD Billion)
- 5.5. Position
- 5.5.1. North America Automotive Sensors Market, by Position, 2018-2030 (USD Billion)
- 5.6. Level
- 5.6.1. North America Automotive Sensors Market, by LevelProcess, 2018-2030 (USD Billion)
- 5.7. Speed
- 5.7.1. North America Automotive Sensors Market, by Speed, 2018-2030 (USD Billion)
- 5.8. Force
- 5.8.1. North America Automotive Sensors Market, by Force, 2018-2030 (USD Billion)
- 5.9. Torque
- 5.9.1. North America Automotive Sensors Market, by Torque, 2018-2030 (USD Billion)
- 5.10. Others
- 5.10.1. North America Automotive Sensors Market, by Others, 2018-2030 (USD Billion)
6. North America Automotive Sensors Market, by Technology
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- 6.3. MEMS
- 6.3.1. North America Automotive Sensors Market, by MEMS, 2018-2030 (USD Billion)
- 6.4. Non-MEMS
- 6.4.1. North America Automotive Sensors Market, by Non-MEMS 2018-2030 (USD Billion)
7. North America Automotive Sensors Market, by Vehicle Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- 7.3. Conventional Vehicles
- 7.3.1. North America Automotive Sensors Market, by Conventional Vehicles, 2018-2030 (USD Billion)
- 7.4. Electric Vehicles
- 7.4.1. North America Automotive Sensors Market, by Electric Vehicles, 2018-2030 (USD Billion)
8. North America Automotive Sensors Market, by Application
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. North America Automotive Sensors Market, by Application, 2018-2030 (USD Billion)
- 8.3. Powertrain
- 8.3.1. North America Automotive Sensors Market, by Powertrain, 2018-2030 (USD Billion)
- 8.4. Safety & Control
- 8.4.1. North America Automotive Sensors Market, by Safety & Control, 2018-2030 (USD Billion)
- 8.5. Exhaust
- 8.5.1. North America Automotive Sensors Market, by Exhaust, 2018-2030 (USD Billion)
- 8.6. Chassis
- 8.6.1. North America Automotive Sensors Market, by Chassis, 2018-2030 (USD Billion)
- 8.7. Others
- 8.7.1. North America Automotive Sensors Market, by Others, 2018-2030 (USD Billion)
9. North America Automotive Sensors Market, by Countries
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. North America Automotive Sensors Market Assessment, By Countries, 2018-2030 (USD Billion)
- 9.2.2. North America Automotive Sensors Market - U.S
- 9.2.2.1. U.S: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- 9.2.2.2. U.S: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- 9.2.2.3. U.S: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- 9.2.3. North America Automotive Sensors Market - Canada
- 9.2.3.1. Canada.: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- 9.2.3.2. Canada.: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- 9.2.3.3. Canada.: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Allegro MicroSystems, Inc
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Sensor Type Benchmarking
- 11.1.4. Recent Development
- 11.2. Continental AG
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Sensor Type Benchmarking
- 11.2.4. Recent Development
- 11.3. Hella GmbH & Co. KGaA
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Sensor Type Benchmarking
- 11.3.4. Recent Development
- 11.4. Honeywell International Inc
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Sensor Type Benchmarking
- 11.4.4. Recent Development
- 11.5. Infineon Technologies
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Sensor Type Benchmarking
- 11.5.4. Recent Development
- 11.6. Panasonic Corporation
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Sensor Type Benchmarking
- 11.6.4. Recent Development
- 11.7. Renesas Electronics Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Sensor Type Benchmarking
- 11.7.4. Recent Development
- 11.8. Robert Bosch GmbH
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Sensor Type Benchmarking
- 11.8.4. Recent Development
- 11.9. Sensata Technologies
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Sensor Type Benchmarking
- 11.9.4. Recent Development
- 11.10. STMicroelectronics
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Sensor Type Benchmarking
- 11.10.4. Recent Development
- 11.11. The Texas Instruments
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Sensor Type Benchmarking
- 11.11.4. Recent Development
List of Tables
- Table 1 North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 2 North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 3 North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 4 North America Automotive Sensors Market, by Application, 2018-2030 (USD Billion)
- Table 5 North America Automotive Sensors Market Assessment, By Countries, 2018-2030 (USD Billion)
- Table 6 U.S: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 7 U.S: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 8 U.S: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 9 Canada.: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 10 Canada.: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 11 Canada.: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 12 Czech Republic: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 13 Czech Republic: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 14 Czech Republic: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 15 UK: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 16 UK: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 17 UK: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 18 France: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 19 France: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 20 France: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 21 U.S: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 22 U.S: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 23 U.S: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 24 Slovakia: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 25 Slovakia: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 26 Slovakia: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 27 RoEU: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 28 RoEU: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 29 RoEU: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 30 Netherlands: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 31 Netherlands: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 32 Netherlands: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
- Table 33 Austria: North America Automotive Sensors Market, by Technology, 2018-2030 (USD Billion)
- Table 34 Austria: North America Automotive Sensors Market, by Sensor Type, 2018-2030 (USD Billion)
- Table 35 Austria: North America Automotive Sensors Market, by Vehicle Type, 2018-2030 (USD Billion)
List of Figures
- Figure 1 North America Automotive Sensors Market, 2018-2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Technology
- Figure 7 North America Automotive Sensors Market, by Technology, 2021 & 2030 (USD Billion)
- Figure 8 Market by Sensor Type
- Figure 9 North America Automotive Sensors Market, by Sensor Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Vehicle Type
- Figure 11 North America Automotive Sensors Market, by Vehicle Type, 2021 & 2030 (USD Billion)
- Figure 10 Market by Vehicle Type
- Figure 11 North America Automotive Sensors Market, by Application, 2021 & 2030 (USD Billion)
- Figure 12 North America Automotive Sensors Market Assessment, By Countries, 2018-2030 (USD Billion)
- Figure 13 Strategic Analysis - North America Automotive Sensors Market
