Automotive Sensors Market Size, Sales Volume, Status Till 2030

 

Automotive Sensors Market

The global automotive sensors market size reached US$ 23.6 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 46.4 Billion by 2030, exhibiting a CAGR of 11.93% during 2022-2030. The thriving automotive industry, rising popularity of advanced driver assistance systems (ADAS), and the growing usage of sensing devices represent some of the key factors driving the market.

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Automobile sensors are intelligent sensors that are used to process the temperature, oil pressure, and emission and coolant levels. They comprise temperature, gas, speed, pressure, and magnetic sensors. They can be controlled by a computer and can calculate the air density in the engine. They are used to monitor the rotating speed of the crankshaft for controlling fuel injection and engine timing. Automobile sensors also assist in observing the content of exhaust gases for the proportion of oxygen to determine fuel metering strategy and emission controls. They ensure the smooth burning of fuel to avoid damage to rings, head gaskets, and rod bearings in vehicles. Besides this, they are utilized to control various functions, such as turning on or off the early fuel evaporation (EFE) system, retard, spark advance, canister purge, and the flow of exhaust gas recirculation (EGR).

The automotive sensors market consists of revenues earned by entities by providing automotive sensors services such as autonomous driving and automated parking system. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive sensors market also includes sales of battery mini-breakers, thermal cutoff devices, capacitors, contactors, DC power distribution modules, DC solenoids and relays equipment which are used in providing automotive sensors services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The main types of automotive sensors are temperature sensors, pressure sensors, speed sensors, level-position sensors, magnetic sensors, gas sensors, and inertial sensors. Temperature sensors measure the temperature of the air outside the automobile. It usually consists of thermocouples, thermistors, or resistance. Automotive sensors are based on different types of technology, such as nano-electro-mechanical systems and micro-electro-mechanical systems. Automotive sensors are used in various vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. These automotive sensors are used on the powertrain, chassis, exhaust, ADAS, and other applications.

Automotive Sensors Market Trends:

At present, the increasing demand for automotive sensors to provide information on different parameters while ensuring comfort, safety, and security represents one of the key factors supporting the growth of the market. Besides this, there is a rise in the number of vehicles equipped with automotive sensors due to the growing consumer demand for convenience and fuel efficiency across the globe. This, along with the burgeoning automobile industry, is propelling the growth of the market. In addition, the growing integration of automotive sensors in self-driving cars, as more intelligent data processing devices are required to make autonomous decisions, is positively influencing the market. Moreover, the rising popularity of advanced driver assistance systems (ADAS), such as lane departure warnings, adaptive cruise control, and automated parking, is impelling the growth of the market. Apart from this, there is an increase in the utilization of automotive sensors for blind-spot monitoring and close vehicle sensing designed to alert the driver about the presence of another vehicle in an adjacent lane by providing a visual warning indicator in the mirror of doors. This, coupled with the growing employment of sensing devices to monitor wheel speed and occupant position tires inflation, is offering a favorable market outlook. Additionally, the rising application of anti-lock braking system (ABS) to adapt to the road terrain and prevent tire locking and vehicle skidding during high-speed brakes is bolstering the growth of the market.

The automotive sensors market is dominated by Robert Bosch GmbH, Continental AG, DENSO Corporation, Infineon Technologies AG, Sensata Technologies, Allegro Microsystems Inc., Analog Devices Inc., ELMOS Semiconductor SE, Aptiv plc, NXP Semiconductors N.V., STMicroelectronics N.V., CTS Corporation, Texas Instruments Incorporated, TE Connectivity Ltd., ZF Friedrichshafen, Magna International.

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Key Market Segmentation

Automotive Sensors Market - By Type

Temperature Sensors

Pressure Sensors

Speed Sensors

Level/Position Sensors

Magnetic Sensors

Gas Sensors

Inertial Sensors

Automotive Sensors Market - By Application

Powertrain

Body Electronics

Vehicle Security Systems

Telematics

Automotive Sensors Market - By Vehicle Type

Passenger Cars

Commercial Vehicles

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