Global Automotive Sensor Market Size, Share, Growth Analysis, By Technology(MEMS and non-MEMS technology), By Vehicle type(Electric Vehicles, Heavy Duty Trucks)

Description

Global Automotive Sensor Market size was valued at USD 31.36 billion in 2022 and is poised to grow from USD 35.62 billion in 2023 to USD 98.81 billion by 2031, at a CAGR of 13.60% during the forecast period (2024- 2031).

Automotive sensors play a crucial role in vehicles, detecting, transmitting, analyzing, recording, and displaying information about their performance in both internal and external environments. The demand for automotive sensors is expected to grow significantly in the foreseeable future, driven by the increasing adoption of vehicle automation and the growing demand for connected vehicles worldwide. The global automotive sensors market is primarily driven by advancements in miniaturization and enhanced communication capabilities, allowing for seamless integration into vehicles without compromising essential vehicle functions. A key factor contributing to the market's expansion is the rising emphasis on safety and security in automobiles. Government initiatives focusing on vehicle safety and pollution reduction have led to a surge in demand for automotive sensors. Regulations mandating automotive sensors in various systems such as body control, power steering, temperature control, and anti-lock braking systems (ABS) are also driving market growth. These features are becoming standard options in vehicles, leading to increased adoption by sensor manufacturers.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Sensor Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive Sensor Market Segmental Analysis

The Global automotive sensor market is segmented on the basis of technology and vehicle type. By technology, the market is segmented into MEMS and non-MEMS technology. By vehicle, the market is segmented into Electric Vehicles, Heavy Duty Trucks, Heavy-Duty Buses, and Conventional Vehicles. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.

Drivers of the Global Automotive Sensor Market

Several key factors are driving the expansion of the market. This includes the growing demand for sensors in electric and hybrid vehicles, the expanding application of pressure sensors in the automotive sector, and significant growth in custom-designed automotive electronic devices.

Restraints in the Global Automotive Sensor Market

Anticipated limitations to market expansion include the high development costs associated with automotive sensors. The extensive distribution and outbreak of the pandemic have had a detrimental impact on the automotive sensors market, resulting in decreased demand. Major manufacturers shuttered their factories, disrupting the supply chain and potentially hindering market expansion.

Market Trends of the Global Automotive Sensor Market

The continual adoption of cutting-edge technologies in the automotive sector offers a lucrative opportunity for the expansion of sensor technology in cars.

Product Code: SQMIG20D2053

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Automotive Sensor Market by Technology

Market Overview
MEMS and non-MEMS technology

Global Automotive Sensor Market by Vehicle type

Market Overview
Electric Vehicles
Heavy Duty Trucks
Heavy-Duty Buses
and Conventional Vehicles

Global Automotive Sensor Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Robert Bosch GmbH
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Continental AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Denso Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aptiv PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Infineon Technologies AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Texas Instruments Incorporated
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
TE Connectivity Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
STMicroelectronics NV
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NXP Semiconductors NV
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Analog Devices Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sensata Technologies Holding plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Panasonic Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Delphi Technologies PLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ZF Friedrichshafen AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Murata Manufacturing Co. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Valeo SA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Autoliv Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Magna International Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitsubishi Electric Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Hella GmbH & Co. KGaA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Automotive Sensor Market Size, Share, Growth Analysis, By Technology(MEMS and non-MEMS technology), By Vehicle type(Electric Vehicles, Heavy Duty Trucks) - Industry Forecast 2024-2031