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The automotive sensor market is influenced by several key market factors that shape the demand, adoption, and evolution of sensor technologies in the automotive industry. Vehicle safety and regulatory compliance have become one of the major market factors. As the focus on reducing accidents and promoting road safety increases, there is also a increasing trend of needing sensors that facilitate advanced driver-assistance systems (ADAS) in improving vehicle security features. Vertically, all these passive systems come as a package and include sensors such as radar cameras LiDAR ultrasonic sensors to back up functionalities including collision avoidance lane departure warning automatic emergency braking adaptive cruise control complying with safety rulesandregulations. This market factor points to the crucial importance of sensors in improving vehicle safety and complying with regulatory standards, which can spur automakers’ eagerness for sophisticated sensor technologies within their sector.
Another crucial market factor is the global trend towards vehicle electrification and the transition to electric and hybrid vehicles. The increasing adoption of electric powertrains and the development of hybrid electric vehicles (HEVs) have led to a growing need for sensors that support the unique requirements of electrified vehicles. It is important that electric and hybrid vehicles are equipped with such sensors as battery management, thermal monitoring, regenerative braking systems or ESP® , the latter being an abbreviated form of electronic power steering. This market factor demonstrates the increasing importance of sensors in facilitating vehicle electrification and fostering a transition towards sustainable transport, thus boosting demand for sensor technologies that are designed to meet special requirements associated with electric powered powertrains.
In addition, environmental regulations and sustainability concerns are instrumental in defining the automotive sensor market. Stringent emission standards, environmental mandates and focus on making vehicles with less carbon foot print have motivated the application of sensors which are used for control of emissions from vehicle, monitoring gas’s exhaust , fuel efficiency optimization etc. Moreover, the growth in sensors for environmental sensing air quality monitoring and eco-driving support demonstrates that industry is focused not only on regulatory compliance but also ensuring sustainable use of resources; there is demand for sensor solutions to enable cleaner and more efficient vehicle operation.
Growth in connected and smart vehicle technologies is another major market aspect that influences the automotive sensor industry. The approach to developing connected and intelligent vehicles is based on the integration of sensors for vehicle connectivity, communication protocols telematics as well as infotainment systems. Sensors have a significant function in enabling V2V communication and also facilitate the support of advanced driver assistant, navigation aid and entertainment features within vehicle systems. The market element of linked vehicle technologies indicates how automotive and digital technology is converging, with the necessity arising for sensory devices that enable flawless connectivity, data exchange as well as smart functions in vehicles to align consumer preferences relating to a superior in-vehicle experience along with heightened levels of connection.
Additionally, the growing intricacy of vehicle architectures as well as increased number of electronic control units ECUs and need for sensor fusion , advanced processing abilities complimented by integrated sensor solutions have changed dynamics again in the supply chain associated with sensors. This market factor has driven sensor suppliers, semiconductor firms and technology providers join hands to provide full functionality of sensors in the automobile sector. Market dynamics has a supply chain factor which is shown in the focus of industry that wants to provide integrated, intelligent and connected vehicle solutions though this demand for advanced sensor technologies supports next generation vehicles.
Automotive Sensor Market Highlights:
Automotive Sensors Market Overview:
Automotive Sensors Market Size was valued at USD 19.6 billion in 2021. The Global automotive sensors Industry is projected to grow from USD 21.4 Billion in 2022 to USD 39.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2022 - 2030). Increasing use of alternative fuels, vehicles will help reduce fuel costs of consumers, and increase the energy security of nations are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Sensors Market Trends
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Growing Prevalence of using alternative fuels to boost market growth
A vehicle that uses fuels other than common petroleum fuels, such gasoline or diesel, is referred to as an alternative fuel vehicle. Any technology utilised to power an engine without using petroleum is commonly referred to as an alternative fuel vehicle (e.g., electric vehicles, hybrid electric vehicles, solar-powered vehicles). Growing adoption of alternative fuels and vehicles will lower consumer gasoline costs, reduce emissions, and improve national energy security. With the adoption of alternative fuel vehicles, there will be a sharp rise in the demand for Car sensors.
 Further, the application of new systems and technology in cars has widened the electrification's scope. The usage of sensors in automobiles has advanced thanks to the installation of ADAS systems. Vehicle electrification in the automotive sector has grown in a promising way, especially in the transmission, temperature control, powertrain, safety, and exhaust systems. The introduction of cutting-edge technologies like the anti-lock braking system (ABS), electronic brake distribution (EBD), airbags, and traction control has led to an increase in the installation of such systems in passenger cars over the years, which is largely due to rising economic status, changing customer preferences for improved safety standards and comfort, and these factors. As a result, the market for passenger automobiles has also seen an increase in sensor demand.
Automotive Sensors Market Segment Insights:
Automotive Sensors Type Insights
The Automotive Sensors Market segmentation, based on Sensors type, includes pressure, temperature, position, motion, optical, torque, gas, level, and other sensors. The position sensors segment held the majority share in 2021 contribution to around ~20.3% in respect to the Automotive Sensors Market revenue. This is primarily owing to the rising prevalence of autonomous cars and autopilot applications across the globe. Moreover, the increasing demand for cameras, image sensors, and radar-based sensors in advanced vehicles, such as electric cars and autonomous cars, is responsible for the growth of the position sensor in the market.
Pressure sensor is the fastest growing segment in the automotive sensors market in the coming years. Owing to increasing adoption in many safety concerns of passengers, such as advanced driver assistance systems (ADAS), pressure monitoring systems(TPMS), and manifold absolute pressure sensors(MAPS), surge in demand for vehicle sensors in electric and hybrid cars. The expansion of the automotive sensor market is anticipated to boost by an increase in the use of custom made electronics devices since it is widely employed in navigation systems (GPS) and advanced driver assistance systems (ADAS). In addition, the global automotive sensor market is anticipated to benefit from technical developments in the auto industry and the expansion of the automotive sector.
March 2021:Â Indian Brand Equity Foundation (IBEF), sale of passenger vehicles in India is 28.39%.Due to increasing sale of passenger cars and rising demand for adaptive cruise control sensors, major car manufacturers are focus on fitting those sensors in economic cars. This will support the growth of the automotive sensor market.
Automotive Sensors Technology Insights
The Automotive Sensors Market segmentation, based on technology, includes micro-electro-mechanical systems (MEMS), non-electro-mechanical Systems (NON-MEMS), nano-electro-mechanical systems (NEMS). The Micro-electro-mechanical system dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the increasing preference for MEMS devices such as airbags, vehicle dynamics control (VDC), roll over detection systems, and tire pressure monitoring(TPMS) for passenger safety in an automobile. Hence, increasing use of auto sensors in automobiles support the market growth.
Automotive Vehicle Type Insights
The Automotive Sensors Market data has been bifurcated by vehicle type into conventional fuel cars, alternative fuel cars, and heavy vehicles. The conventional fuel car segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The conventional fuel car segment is growing due to rising demand for technological advances, safety features and higher functionality.
Figure 2: Automotive Sensors Market Share By Vehicle Type 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Sensors Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific automotive sensors market accounted for USD 8.29 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing demand for automobiles due to rising population and per capita income across the region. Moreover, China automotive sensors market held the largest market share, and the India automotive sensors market was the fastest growing market in the Asia-Pacific region
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: Automotive Sensors Market Share By Region 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Automotive Sensors market accounts for the second-largest market share due to the increasing demand for the vehicles. Further, the Germany automotive sensors market held the largest market share, and the UK automotive sensors market was the fastest growing market in the European region.
The North-America automotive sensors Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increasing population, technology advancement, rising income of the consumers.
Automotive Sensors Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the automotive sensors market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the automotive sensors industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global Car sensors industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Vehicle sensors industry has provided security with some of the most significant benefits. The automotive sensors market major player such as, Bosch Sensortec GmbH, Analog Technologies, Avago Technologies, Hella KGaA Hueck & Co., TRW Automotive, Continental AG, CTS Corporation, Delphi Automotive, Denso Corporation, Freescale Semiconductor Holdings Ltd., GE Measurement & Control Solutios, Gill Sensors & Controls, NGK Spark Plugs Co. Ltd., NXP Semiconductors, Panasonic Corporation, Sensata Technologies, Infineon Technologies, Micronas Semiconductor INC, and others are working to expand the market demand by investing in research and development activities.
November 2021: Robert Bosch GmbH’s goods and services are intended to arouse enthusiasm, enhance quality of life, and aid in resource conservation. Company’s goal is to develop technology that was "invented for life. Robert Bosch GmbH developed an advanced and innovative driver-assistantance system for rail transportation. In the situation of a possible collision, system first warns the team driver by means of a signal. If the driver does so late or does not intercede, the system automatically brakes the tram until it comes to a stop to prevent from the impact.
Also, October 2021: Infineon Technologies AG, is the main leader in semiconductor solutions. Its main mission is to make life easier, safer and greener. Company establish a connection between the real and the digital world.  Company’s values are to commit, innovate, partner and perform. Infineon Technologies AG launched an automotive current sensor-XENIVTLE4972. It’s a coreless current sensor uses Infineon’s well-proven Hall technology for stable and precise current measurement.
Key Companies in the Automotive Sensors market includes
- Bosch Sensortec GmbH
- Analog Technologies
- Avago Technologies
- Hella KGaA Hueck & Co.
- TRW Automotive
- Continental AG
- CTS Corporation
- Delphi Automotive
- Denso Corporation
- Infineon Technologies
- Micronas Semiconductor INC, among others
Automotive Sensors Industry Developments
January 2020:Â Bosch started working on a long-range LiDAR suitable for usage in automobiles. LiDAR can be utilised for autonomous vehicles.
July 2021: Continental AG partnered with a LiDAR expert known as AEye to combined the long –range LiDAR technology into its full sensor stack solution and create the first automotive-grade system with automated and autonomous driving applications for Level 2+ up to Level 4.
Automotive Sensors Market Segmentation
Car Sensors Type Outlook
- Pressure
- Temperature
- Position
- Motion
- Optical
- Torque
- Gas
- Level
- Other Sensors
Car Sensors Technology Outlook
- Micro-Electro-Mechanical Systems (MEMS)
- Non-Electro-Mechanical Systems (NON-MEMS)
- Nano-Electro-Mechanical Systems (NEMS)
Car Sensors Vehicle Type Outlook
- Conventional Fuel Cars
- Alternative Fuel Cars
- Heavy Vehicles
Car Sensors Regional Outlook
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North America- US
- Canada
-
Europe- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World- Middle East
- Africa
- Latin America
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