Automotive Sensors Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
The global automotive sensors market size was estimated to be US$ 29 Billion in 2022 and is expected to reach US$ 75 Billion by 2032 at a CAGR of 9.9%.
Expansion of automotive industry across emerging markets, increased investment in development of advanced automotive electronics, focused research & development towards development of electric and autonomous vehicles and stringent environment protection regulations are the key factors dynamically shaping the growth of the global automotive sensors market. The automotive industry has witnessed rapid advancement in onboard electronic technology to enhance safety and convenience of occupants.
Automotive sensors play a vital role in monitoring and controlling an automotive. Automotive sensors help in monitoring the system parameters and communicate with an onboard controller to control and maintain the efficacy of vehicle operations. Emergence and adoption of advanced driver assistance system (ADAS) has fueled the growth of automotive sensors during past decade.
The automotive industry has witnessed strong growth during past decade owing to increased demand from emerging markets fueled by rising disposable income globally. This has intensified competition in the automotive industry, thereby driving the global automotive sensor market. Additionally, the demand for automotive sensors is anticipated to witness prominent growth owing to increased investment in Internet of Things, vehicle telematics, and development of fully autonomous vehicles.
Deployment of commercial fleets with improved telematics is another factor driving the growth of automotive sensors market. However, the automotive industry is witnessing marginal growth in year-on-year sales of vehicles. Additionally, due to disruption in global automotive supply chain amidst the lockdown mandated by government authorities across the globe to prevent the spread of COVID-19, the automotive sensors market is witnessing slack in demand.
Asia Pacific contributed a dominating share to the global automotive sensors market in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to strong demand from expanding automotive industry across major countries. The Asia Pacific automotive sensor market is anticipated to witness prominent shift in coming years with leading manufacturers focusing towards diversifying their supply chain in an attempt to achieve agility in supply chain. North America contributed a prominent share to the global automotive sensor market and is anticipated to witness steady growth in coming years due to disruption in automotive manufacturing amidst the COVID-19.
Automotive Sensors Market Share Analysis, by Geography (2022)
The report titled “Automotive Sensors Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global automotive sensors market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global automotive sensors market is segmented on the basis of type, vehicle type, application, sales channel, and geography. Based on type, the global automotive sensors market is segmented into temperature sensors, pressure sensors, position sensors, oxygen sensors, nitrogen oxide sensors, speed sensors, inertial sensors (accelerometers, and gyroscopes), image sensors (CMOS, CCD, and others), lidar, radar, ultrasonic sensors, and others. Based on vehicle type, the global automotive sensors market is segmented into passenger vehicle and commercial vehicle. The commercial vehicles are further sub-segmented into light commercial vehicles and heavy commercial vehicles. Based on sales channel, the global automotive sensors market is segmented into original equipment manufacturer (OEM) and aftermarket. Based on applications, the global automotive sensors market is segmented into powertrain, chassis, exhaust, safety & control, body electronics, telematics, and others. Based on geography, the global automotive sensors market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on automotive sensors. Further, market share of prominent companies in the global automotive sensors market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the automotive sensors companies.
The global automotive sensors market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the automotive sensors business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global automotive sensors market.
Major players active in the global automotive sensors market include Allegro MicroSystems, LLC, Analog Devices, Inc., Aptiv PLC, Continental AG, CTS Corporation, DENSO Corporation, Elmos Semiconductor AG, Infineon Technologies AG, Innoviz Technologies Ltd., NXP Semiconductors N.V., Quanergy LiDAR, Robert Bosch GmbH, Sensata Technologies, STMicroelectronics, TE Connectivity, Velodyne Lidar, and ZF Friedrichshafen AG.
Global Automotive Sensors Market Segmentation:
By Type
- Oil & Gas
- Mineral Applications
- Agricultural Applications
By Vehicle Type
- Dense Media Type
- Solid-liquid Type
- Liquid-liquid Type
By Application
- Temperature Sensors
- Pressure Sensors
- Position Sensors
- Oxygen Sensors
- Nitrogen Oxide Sensors
- Speed Sensors
- Inertial Sensors
- Image Sensors
- Lidar
- Radar
- Ultrasonic Sensors
- Others
By Sales Channel
- Passenger Vehicle
- Commercial Vehicle
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Automotive Sensors Market
- Global Automotive Sensors Market Qualitative Analysis
- Ecosystem Analysis
- Role of participants
- Integration scenario
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 Impact
- Ecosystem Analysis
- Global Automotive Sensors Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- Global Automotive Sensors Market Analysis and Forecast, by Vehicle Type
- Overview and definitions
- Key segment analysis
- Global Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- Global Automotive Sensors Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Global Automotive Sensors Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- Global Automotive Sensors Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Automotive Sensors Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Automotive Sensors Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- North America Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- North America Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- North America Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- North America Automotive Sensors Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Automotive Sensors Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- Europe Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- Europe Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Europe Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- Europe Automotive Sensors Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific Automotive Sensors Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- Asia Pacific Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- Asia Pacific Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Asia Pacific Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- Asia Pacific Automotive Sensors Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Automotive Sensors Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- Middle East & Africa Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- Middle East & Africa Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Middle East & Africa Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- Middle East & Africa Automotive Sensors Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- Rest of Middle East
- South America Automotive Sensors Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Automotive Sensors Market Estimates (US$ Mn, Units), by Type, 2019 – 2032
- Temperature sensors
- Pressure sensors
- Position sensors
- Oxygen sensors
- Nitrogen oxide sensors
- Speed sensors
- Inertial sensors (accelerometers, and gyroscopes)
- Image sensors (CMOS, CCD, and others)
- LiDAR
- Radar
- Ultrasonic sensors
- Others
- South America Automotive Sensors Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger vehicle
- Commercial vehicle
- Light commercial vehicles
- Heavy commercial vehicles
- South America Automotive Sensors Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- South America Automotive Sensors Market Estimates (US$ Mn), by Application, 2019 – 2032
- Powertrain
- Chassis
- Exhaust
- Safety & control
- Body electronics
- Telematics
- Others
- South America Automotive Sensors Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Automotive Sensors Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Allegro MicroSystems, LLC
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Analog Devices, Inc.
- Aptiv PLC
- Continental AG
- CTS Corporation
- DENSO Corporation
- Elmos Semiconductor AG
- Infineon Technologies AG
- Innoviz Technologies Ltd.
- NXP Semiconductors N.V.
- Quanergy LiDAR
- Robert Bosch GmbH
- NXP Semiconductors
- Sensata Technologies
- STMicroelectronics
- Sensata Technologies
- TE Connectivity
- Velodyne Lidar
- ZF Friedrichshafen AG.
- Allegro MicroSystems, LLC
- Conclusion & Recommendations
Frequently asked questions about this report
How large is the automotive sensors market?
The automotive sensors market size is expected to reach US$ 75 Billion by 2032
What is the automotive sensors market growth?
The automotive sensors market is expected grow at a CAGR of 9.9% from 2023 to 2032.
What are the driving factors in the automotive sensors market?
The demand for automotive sensors is anticipated to witness prominent growth owing to increased investment in Internet of Things, vehicle telematics, and development of fully autonomous vehicles. Deployment of commercial fleets with improved telematics is another factor driving the growth of automotive sensors market.
What was the size of the global automotive sensors market in 2022?
The automotive sensors market size was estimated to be US$ 29 Billion in 2022.
Who are the prominent market players in the market?
Allegro MicroSystems, LLC, Analog Devices, Inc., Aptiv PLC are the top 5 Automotive Sensors manufacturers.