Automotive Sensors Market size was valued at USD 28.4 billion in 2021 and is forecast to touch USD 67.0 billion in 2029, and the market is expected to grow at a whopping CAGR 11.3% over the forecast period, owing to the strategic government initiatives for safety of passengers.

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Key Drivers
Increasing deployment of automotive sensors in vehicles aided by the emerging need for fuel efficiency and strategic norms enforced by the government, stands to be one of the major factors fueling the automotive sensors market growth. In addition, the miniaturization and enhanced communication capabilities, to help their integration into vehicles without impeding the basic functions of the vehicle, will drive the market growth. The growing application of automotive sensors to detect, transfer, interpret, record, and display performance information of the internal and external environment of the vehicle has stimulated the Automotive Sensors Market share. With the emerging need for vehicle automation and the drastically increasing demand for connected cars across the world, the demand for automotive sensors is projected to witness a significant increase over the forecast period. The strict norms enforced to encourage the installation of vehicle safety systems and minimize the greenhouse gas (GHG) emissions will promote the expansion of automotive sensors market, driving the demand for advanced automotive sensors. For example, in Europe, governments and other regulatory authorities have mandated the incorporation of various driving assistance features, such as advanced emergency braking, lane keeping assist, emergency stop signal, tire pressure monitoring, intelligent speed assistance, drowsiness and attention detection, and reversing camera, in vehicles.

Moreover, growing inclination towards self-driving cars will significantly bolster the automotive sensor market because of the need for smart data processing devices to make autonomous decisions. For instance, self-driving cars introduced by Google make use of quad-core PCs to process 1.3 million laser measurements and make 20 driving decisions every second. With the growing environmental concern, the need to reduce pollution and ensure energy safety has increases, fueling the demand for alternative fuel vehicles including hybrid electric vehicles, electric vehicles, solar-powered vehicles, which is driving the market growth. Increasing investment for the development of advanced sensors will offer enormous opportunities in the automotive sensors industry. For example, Porsche Automobil Holding SE, which is a subsidiary of Volkswagen AG, decided to invest in a LiDAR producing startup, called Aeva Inc., in December 2019. However, lower sale of diesel passenger cars and huge development cost of automotive sensors might hamper the global Automotive Sensors Market growth over the upcoming years.

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Sales Channel Segment Analysis

Original equipment manufacturer (OEM) segment is anticipated to seize the highest share in the automotive sensors market over the forecast period, because of their increasing incorporation in the safety systems of vehicles. Strict vehicle safety norms enforced by the government and the application of ADAS technology for night vision, automatic high beam control, front luminance, and several other applications in advanced vehicles will create opportunities for automotive sensor manufacturers.

Sensor Type Segment Analysis

Position sensors are estimated to witness a higher CAGR during the forecast period, owing to the growing deployment of position sensors for several applications including throttle position sensing, camshaft position sensing, crankshaft position sensing, fuel level sensing, and brake fluid indication.
On the other hand, the pressure sensors are expected to hold a larger share over the forecast period, increasing adoption of ADAS and autonomous driving system. Pressure sensors help in monitoring the oil and coolant pressure and regulate the power delivered by the engine to achieve the required speed, which is driving the market growth. Rise in demand for comfort and safety features in vehicle is likely to increase the penetration of pressure sensors in vehicle. With the rapid increase in the integration of safety systems in vehicles, especially in North America and Europe, the demand for and the usage of these sensors will increase significantly during the forecast period.

Vehicle Type Segment Analysis

Passenger cars are predicted to hold a larger share over the forecast period, because of the growing demand for autonomous cars. The increasing application of sensors in passenger cars to ensure the passenger’s safety, minimize emissions, and improve the cars performance will boost the segment’s growth. Moreover, increasing adoption of advanced driver assistance system (ADAS) technology in passenger cars has bolstered the market growth. The growing consumer demand for safety-oriented and environment-friendly vehicles has strengthened the passenger cars market growth. The demand for passenger cars is also attributed to the rising adoption of EVs. Automotive sensors offer several advantages including better driving experience, improved fuel efficiency, and wide range measurement, driving the automotive sensors market demand.

Application Segment Analysis

The powertrain segment is anticipated to witness a higher CAGR over the upcoming years, because of the growing use of sensors to carry out effective and safe functions of powertrains. The growing application of powertrains to monitor speed, position, temperature, gas, and pressure in automobiles and optimize fuel consumption will boost the segment’s growth. The growing demand for powertrain sensors in the automotive industry for enhanced fuel economy, the robustness of the automotive environment, and a reduction in carbon emission are projected to augment the market growth.

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Regional Segment Analysis

Asia-Pacific is expected to dominate the automotive sensors market during the forecast period, primarily because of the expansion of automotive industry and growing number of compact and economical passenger cars. The growing demand for electric vehicles and the existence of manufacturing industries across India, China, and Japan will offer enormous opportunities to the market. The growing safety concerns among consumers across the developing economies has encouraged automobile producers to integrate sensors in cost-effective vehicles, fueling the regional growth. Strategic government emphasis to encourage the installation of automotive sensors has propelled the regional growth. For example, the Union Road Transport Ministry approved that the cars produced after 1st July 2019 will be equipped with seat-belt reminders, airbags, alert systems for speed beyond 80 kph, and a manual override over the central locking system for emergencies.

On the other hand, North America is expected to hold a larger share over the upcoming years. The growth is attributed to the economic expansion, improved living standards, and rising demand for effective and safe vehicles. The ongoing developments in the automotive industry and connected devices has bolstered the adoption of automotive sensor technology will boost the market growth.

Top Market Players:

Various notable players operating in the global Automotive Sensors market include Robert Bosch GmbH, Continental AG, BorgWarner Inc., Denso Corporation, Infineon Technologies AG, Sensata Technologies, Inc., Allegro MicroSystem, LLC, Analog Devices, Inc., Elmos Semiconductor SE, and CTS Corporation among other companies. 

Key Developments:

• • In 2021, Robert Bosch GmbH introduced an innovative and advanced driver-assistance system for city rail transportation. The latest system first warns the tram driver using a signal in case of any collision. the system automatically breaks the tram, If the driver does not interfere or does so too late, until it is stopped completely to prevent an impact or, at least, minimize it as much as possible.
  • In 2021, Infineon Technologies AG developed an automotive current sensor— XENSIV TLE4972, which makes use of Infineon’s well-proven Hall technology for accurate and stable current measurements.
  • In 2021, Melexis, a leading microelectronics engineering company, introduced two new non-contact position sensors to expand its portfolio and complement the existing MLX90364/5/6/7 products.
  • In 2020, Aeva Inc. collaborated with auto supplier ZF Friedrichshafen AG to manufacture key self-driving sensors for self-driving vehicles. This partnership is intended to strengthen the product portfolio of both the companies.
  • In 2020, Robert Bosch developed a long-range LIDAR systems, which deploys light sensors for providing a three-dimensional view of the road that helps in improving the ability of autonomous cars for perceiving traffic and other obstacles.
  • In 2020, Aeva Inc. partnered with auto supplier ZF Friedrichshafen AG to produce key self-driving sensors for self-driving vehicles. This partnership is expected to enhance the product portfolio of both the companies.
  • In 2020, Robert Bosch has developed a long-range LIDAR systems. These systems use light sensors for generating a three-dimensional view of the road that help in improving the ability of autonomous cars for perceiving traffic and other obstacles.
  • In 2020, Infineon Technologies AG acquired Cypress Semiconductor Corporation. With this acquisition, Cypress will add a differentiated portfolio of microcontrollers, connectivity components, software ecosystems and high-performance memories that will help in enhancing the semiconductors, automotive microcontrollers, sensors and security solutions segments of Infineon Technologies AG.

The global automotive sensors market has been segmented on the sales channel, sensor type, vehicle type, application, and region. On the basis of sales channel, the market is segmented into OEM and aftermarket. On the basis of sensor type, the market is segmented into temperature, pressure, position, oxygen, nitrogen oxide, speed, inertial, image, and others. On the basis of vehicle type, the market is segmented into passenger cars, LCVs, and HCVs. On the basis of application, the market is segmented into powertrain, chassis, exhaust, safety & control, body electronics, telematics, and others.

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Key questions answered in this research report:

• • At what pace is global Automotive Sensors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive Sensors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive Sensors market?
  • Which sensor type generated maximum revenues in 2019 and identify the most promising sensor type during the forecast period?
  • What are the various applications of global Automotive Sensors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 28.4 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Sales Channel, By Sensor Type, By vehicle Type, by Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Robert Bosch GmbH, Continental AG, BorgWarner Inc., Denso Corporation, Infineon Technologies AG, Sensata Technologies, Inc., Allegro MicroSystem, LLC, Analog Devices, Inc., Elmos Semiconductor SE, and CTS Corporation among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Sensors Market by Sales Channel

• • Original Equipment Manufacturer (OEM)
  • Aftermarket

Global Automotive Sensors Market by Sensor Type

• • Temperature Sensors
  • Pressure Sensors
  • Position Sensors
  • Oxygen Sensors
  • Nitrogen Oxide Sensors
  • Speed Sensors
  • Inertial Sensors
  • Image Sensors
  • Other Sensors

Global Automotive Sensors Market by Vehicle Type

• • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

Global Automotive Sensors Market by Application

• • Powertrain
  • Chassis
  • Exhaust
  • Safety & Control
  • Body Electronics
  • Telematics
  • Others

Global Automotive Sensors Market by Region

• • North America Automotive Sensors Market (Option 1: As a part of the free 25% customization)
    • By Sales Channel
    • By Sensor Type
    • By Vehicle Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Automotive Sensors Market (Option 2: As a part of the free 25% customization)
    • By Sales Channel
    • By Sensor Type
    • By Vehicle Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Automotive Sensors Market (Option 3: As a part of the free 25% customization)
    • By Sales Channel
    • By Sensor Type
    • By Vehicle Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Automotive Sensors Market (Option 4: As a part of the free 25% customization)
    • By Sales Channel
    • By Sensor Type
    • By Vehicle Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Automotive Sensors Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Robert Bosch GmbH
  • Continental AG
  • BorgWarner Inc.
  • Denso Corporation
  • Infineon Technologies AG
  • Sensata Technologies, Inc.
  • Allegro MicroSystem, LLC
  • Analog Devices, Inc.
  • Elmos Semiconductor SE
  • CTS Corporation