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The automotive sensors market size is forecast to increase by USD 9.90 billion at a CAGR of 6.78% between 2023 and 2028. The market is experiencing notable growth, driven by several key factors. The shift towards vehicle electrification and hybridization is fueling demand for advanced sensors that support these automotive technologies. Additionally, market expansion is expected to benefit from innovations in autonomous vehicles, the growing demand for electric vehicles (EVs), and stricter emissions standards. Key trends include the increasing use of AI-driven sensor technologies, vehicle-to-everything (V2X) communication systems, and enhanced safety features. Partnerships between automakers and technology companies are accelerating innovation, further driving market growth.
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The automotive sensors market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The passenger cars segment is expected to experience substantial market share growth during the forecast period. In recent years, the automotive industry has seen an increasing demand for automotive sensors, particularly in passenger cars. These sensors are essential in modern cars, offering a range of advanced features and functions that improve safety, enhance efficiency, and elevate the overall driving experience.
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The passenger cars segment was valued at USD 13.02 billion in 2018. There is an increasing demand for advanced driver assistance systems (ADAS) features in passenger vehicles. These systems rely on various sensors, including radar, LiDAR, cameras, and ultrasonic sensors, to enable functions such as adaptive cruise control, lane departure warning, blind-spot detection for commercial vehicles, and automatic emergency braking. As ADAS features become standard in passenger cars, the demand for sensors supporting these systems continues to expand. Furthermore, the rising adoption of electric and hybrid vehicles has heightened the need for automotive sensors. These sensors play a vital role in monitoring battery health, managing energy efficiency, and ensuring optimal performance of electric powertrains.
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APAC is projected to account for 33% of the growth in the global automotive sensors market during the forecast period. Analysts at Technavio have thoroughly detailed the regional trends and drivers influencing the market in this timeframe. In 2022, the APAC region led the global automotive sensors market, securing the largest market share. This dominance can be attributed to industrialization, infrastructure development, and consumer demand for advanced features. Major players such as Suzuki and Toyota are located in Japan and South Korea.
Electric vehicles (EVs) and hybrid vehicles (HVs) rely on various sensor technologies, including LiDAR, CMOS image sensors, MEMS accelerometers, and battery monitoring systems, to manage functions like battery health, charging status, and in-car infotainment. Customer preferences emphasize driver safety, comfort, and advanced driver-assistance systems, which include parking sensors, anti-lock braking systems (ABS), electronic brake-force distribution (EBD), and autonomous vehicles. High-performance sensors, along with artificial intelligence (AI), Internet of Things (IoT) technology, and position sensors, are vital for the effective operation of EVs and HVs. The implementation of 5G and 6G connectivity contributes to reduced CO2 emissions. Vehicle authentication processes enhance security. Additionally, solid-state LiDAR, GPS, and advanced charging systems play crucial roles in the automotive landscape.
The automotive industry is experiencing a major transformation fueled by advancements in vehicle automation, autonomous driving, and connected car technologies. Innovations such as electric power steering and stricter fuel efficiency standards are improving vehicle performance while reducing emissions. Critical components like temperature, pressure, position, motion, and proximity sensors play essential roles in enhancing vehicle safety and optimizing overall functionality. Real-time monitoring and diagnostics, powered by electronic control units, enable better feedback control and support more informed decision-making in vehicle operations. The growing focus on electrification and vehicle connectivity is reshaping automotive systems, improving both comfort and safety compliance. As the industry evolves, reducing road accidents and protecting vulnerable road users remain top priorities, highlighting the importance of technological progress in shaping the future of transportation.
The electrification and hybridization of vehicles are significant factors driving market growth. The increasing adoption of electric and hybrid electric vehicles (HEVs) is boosting demand for automotive sensors tailored specifically for these powertrain systems. There is notable growth in sensors for battery management, motor control, regenerative braking, and charging infrastructure monitoring. As vehicles transition to electric and hybrid technologies, the integration of electric motors, batteries, and power electronics requires precise monitoring and control.
Various sensors gather data from automotive systems to provide feedback that enhances performance. Temperature, current, voltage, and position sensors are essential for overseeing and managing the electric powertrain. The rising electrification and hybridization of vehicles are contributing to an increased demand for sensors that optimize performance, efficiency, and safety in electric and hybrid vehicles. Consequently, this trend is expected to drive growth in the automotive sensors market during the forecast period.
The increasing adoption of advanced driver assistance systems (ADAS) is a significant trend influencing the market. The automotive sector is experiencing growth in the integration of these systems, driven by an emphasis on safety and innovations in autonomous driving technology. ADAS utilizes a variety of sensors, including cameras, radar, LiDAR, and ultrasonic sensors, to monitor the environment and assist drivers with features such as collision warnings, lane departure prevention, blind-spot detection, and pedestrian detection.
Key functionalities like adaptive cruise control, automatic emergency braking, and lane-keeping assist contribute to enhanced road safety. Advances in technology, including improved sensors, LiDAR, processing power, and artificial intelligence algorithms, are boosting the accuracy of ADAS. Consequently, the demand for automotive sensors is increasing, which in turn is propelling the growth of the automotive sensors market.
High costs associated with advanced driver-assistance systems (ADAS) technologies present a significant challenge to market growth. The adoption of ADAS in luxury vehicles remains limited due to the steep expenses involved in procurement and maintenance. For instance, advanced cruise control systems, such as adaptive cruise control (ACC), can exceed USD 1,500, making them prohibitive for mass-market vehicles. These elevated costs stem from the manufacturing, sourcing, and marketing of ADAS sensors and components.
Night vision cameras, particularly those featuring high-resolution capabilities like uncooled microbolometer sensors, are also expensive, which affects their uptake in mass-market vehicles. Furthermore, a lack of government support for night vision technology restricts its adoption. The high expenses related to ADAS sensors and technologies may adversely influence the growth of the automotive sensors market throughout the forecast period.
The automotive sensors market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive sensors market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Tenneco Inc.- The company offers automotive sensors such as level sensor, Acceleration sensor, Steering sensor.
The automotive sensors market trends and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The automotive industry is leading the charge in innovation, with developments in vehicle automation, connected cars, and electric power steering transforming the future of transportation. Stricter fuel efficiency standards, along with the integration of electronic sensors, such as those monitoring temperature, pressure, position, motion, and proximity, are improving both vehicle safety and performance. Addressing challenges like road accidents and ensuring the safety of vulnerable road users is essential, leading to ongoing updates in safety regulations and measures for vehicle pollution control. Additionally, in developing economies, the growth of the middle class is driving vehicle sales and the adoption of advanced technologies by major automotive manufacturers.
Market advancements are supporting vehicle electrification and connectivity, which aim to comply with stringent emissions regulations and enhance fuel efficiency across various vehicle segments. With a strong emphasis on production efficiency and logistics chains, manufacturers are also channeling investments into research and development for safety-oriented sensors and advanced driver assistance systems, ultimately improving overall vehicle comfort and reliability. The automotive sector is experiencing rapid transformation, propelled by technological progress and evolving consumer preferences. Middle-class consumers in emerging markets play a crucial role in shaping trends, such as vehicle connectivity, energy-efficient vehicles, and enhancements in automotive sensors, including temperature, pressure, position, and motion sensors. These sensors, integrated into the electronic control unit, contribute significantly to engine efficiency, vehicle lighting, and overall comfort features.
As automotive manufacturers work to meet emission standards and regulatory requirements, advancements in 3D magnetic sensors, optical systems, and body electronics are improving vehicle safety and performance. Technologies such as long-range radar, airbag sensors, tire pressure sensors, and rain sensors enhance safety features, complemented by central airbag units and vehicle restraint systems. The industry is increasingly emphasizing connected vehicles, powertrain sensors, exhaust sensors, and chassis sensors to boost vehicle reliability and maintenance. Original equipment manufacturers (OEMs) are capitalizing on low-cost labor and cutting-edge technologies to innovate in areas such as central locking, tire pressure monitoring, driver fatigue alert systems, and manual override systems, ensuring vehicles are safer and more efficient than ever.
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Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market growth 2024-2028 |
USD 9.90 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amphenol Corp., Aptiv Plc, Auto DITEX BG Ltd., Dorman Products Inc., Electricfil SA, Faurecia SE, Hitachi Ltd., Mitsubishi Electric Corp., Niterra Co. Ltd., NXP Semiconductors NV, PRENCO Progress and Engineering Corp. Ltd., Robert Bosch Stiftung GmbH, Schaeffler AG, Sensata Technologies Inc., Spectra Premium Industries Inc., TDK Corp., Tenneco Inc., Texas Instruments Inc., Toyota Motor Corp., and Walker Products Inc. |
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Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our automotive sensors market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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