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The Global Automotive Sensors Market size is forecast to increase by USD 8.34 billion at a CAGR of 6.12% between 2023 and 2027. The growth of the market depends on several factors, including electrification and hybridization of vehicles, collaborations and partnerships among players, and increasing disposable income of consumers. leading to automobile demand. The US, China, Germany, Japan, and the UK are the major countries contributing to the growth of the market. In 2021, the market in the US was valued at USD 2.75 billion and it had the largest market share. Autoditex is one of the key vendors in the automotive sensors market. They offer automotive sensors such as COP sensors, Pressure Pulse Sensors, and Pressure Diagnostic Sensors PDS500G. Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021. This market growth and trends report also includes an in-depth analysis of drivers, trends, and challenges.
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The market is experiencing significant growth due to the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles (EVs). Battery systems, such as lithium-ion batteries, require temperature monitoring systems to ensure optimal performance. Charging systems also necessitate sensors for efficient energy transfer. The use of sensors in systems like vehicle motion detection, tire pressure monitoring, and vehicle identification is common. The drive towards autonomous vehicles and safety technologies like adaptive cruise control and lane departure warning systems further boosts the market. The market for automotive sensors is diverse, with key players including Bosch, Sensirion, Honeywell, and Texas Instruments. The market is expected to reach new heights with advancements in sensor technology and the increasing adoption of electric and autonomous vehicles.
This automotive sensors market report extensively covers market segmentation by vehicle type (passenger cars and commercial vehicles), type (temperature sensor, speed sensor, pressure monitoring sensor, image sensor, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The global automotive sensors market experienced significant growth in 2022, with electric vehicles (EVs) and hybrid vehicles (HVs) leading the adoption. Sensor technologies, including LiDAR, radar, camera, and ultrasonic sensors, are essential for modern vehicles, enabling advanced driver-assistance systems (ADAS) and safety features. LiDAR technology, in particular, is a game-changer, with solid-state LiDAR and CMOS image sensors at the forefront of technological advancements. Automobile manufacturers invest heavily in prototyping and mass production of compact, energy-efficient, and cost-effective sensors to reduce CO2 emissions and meet consumer demands. Autonomous vehicles and 3D mapping require high-performance sensors for object detection capabilities and automation. Aftermarket services also contribute to the market's growth, with a focus on continuous innovation and cost reduction.
The market share growth by the passenger car segment will be significant during the forecast period. The automotive industry has shown rising demand for automotive sensors in recent years, mainly for passenger cars. Automotive sensors play an important role in modern passenger vehicles, having various advanced features and functions besides enhancing safety, efficiency, and overall driving experience.
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The passenger cars segment was valued at USD 12.38 billion in 2017. ADAS features have a rising demand in passenger cars. These systems depend on various sensors, including radar, LiDAR, camera, and ultrasonic sensors. Which enables functions like adaptive cruise control, lane departure warning, blind-spot detection, and automatic emergency braking. As ADAS features become more common in passenger cars thus demand for sensors to support these systems continues to grow. In addition, the growing adoption of electric and hybrid vehicles has led to the demand for automotive sensors. These sensors are crucial for monitoring battery health, managing energy efficiency, and ensuring the optimal performance of electric powertrains.
APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period in this market research and growth report.
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In 2022, the APAC region dominated the global automotive sensors market, holding the highest market share. The APAC region led the global automotive sensors market in 2022 due to industrialization, infrastructure development, and consumer demand for advanced features. Key players like Suzuki and Toyota are based in Japan and South Korea. EVs and HVs require various sensor technologies such as LiDAR, CMOS image sensors, MEMS accelerometers, and battery monitoring systems for functions like battery health, charging status, and in-car infotainment. Customer requirements include driver safety, comfort, and advanced driver-assistance systems like parking sensors, ABS, EBD, and autonomous vehicles. High-performance sensors, AI, IoT technology, and position sensors are essential for EVs and HVs. CO2 emissions are reduced through 5G and 6G connectivity. Vehicle authentication ensures security. Solid-state LiDAR, GPS, and charging systems are also crucial.
The Authenticating and Sensing Technology in the Automotive sector has been experiencing significant growth, with a focus on Customizer requirements and Comfort features. The market for Automotive Sensors is a crucial component of this trend, with EVs, HVS, and CO2 emissions being major driving factors. The Evolution of Sensor technology has led to the development of advanced features such as LiDAR, technology, and Solid-state Sensors. These sensors enable vehicles to detect their surroundings, ensuring technology and safety. The integration of these sensors in vehicles is essential for the implementation of features like Adaptive Cruise Control, Lane Keeping Assistance, and Collision Avoidance Systems. Moreover, the increasing demand for Electric Vehicles (EVs) and Hybrid Vehicles (HVS) has led to a surge in the demand for Automotive Sensors. These sensors are used to monitor various parameters such as battery temperature, charging status, and motor performance. The integration of these sensors ensures the efficient functioning of EVs and HVS, making them a vital component of the automotive industry. In conclusion, the Automotive Sensors market is witnessing robust growth due to the increasing demand for advanced features, the shift towards Electric and Hybrid Vehicles, and the need for improved safety and comfort in vehicles. The integration of sensors like LiDAR, Temperature, and Pressure sensors is essential for the development of future-ready vehicles. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Electrification and hybridization of vehicles is a key driver propelling the market growth. The growing adoption of electric and hybrid electric vehicles (HEVs) is fueling the demand for automotive sensors designed specifically for these powertrain systems. Sensors for battery management, motor control, regenerative braking, and charging infrastructure monitoring are experiencing significant growth. As vehicles electrify and hybridize, the use of electric motors, batteries, and power electronics necessitates precise monitoring and control.
Various sensors collect data from different automotive systems to provide feedback for optimal performance. Temperature, current, voltage, and position sensors are crucial for monitoring and managing the electric powertrain. The increased electrification and hybridization of vehicles drive a higher demand for sensors, optimizing performance, efficiency, and safety in electric and hybrid vehicles. Consequently, this trend will propel market growth during the forecast period.
The adoption of ADAS systems is a key trend shaping the market. The automotive industry is witnessing a surge in the adoption of advanced driver assistance systems (ADAS) due to a focus on safety and advancements in autonomous driving. ADAS systems employ various sensors like cameras, radar, LiDAR, and ultrasonic sensors to monitor the surroundings and aid drivers with collision warnings, lane departure prevention, blind-spot detection, and pedestrian detection.
Features such as adaptive cruise control, automatic emergency braking, and lane-keeping assist improve road safety. Technological advancements, including better sensors, processing power, and AI algorithms, enhance ADAS accuracy. As a result, the demand for automotive sensors is rising, driving market growth.
High costs associated with ADAS technologies is a major challenge hampering the market growth. The incorporation of ADAS technologies in luxury vehicles is limited due to the high costs of procurement and maintenance. Advanced cruise control systems like ACC can cost over USD 1,500, making them unaffordable for mass-segment vehicles. The high costs are attributed to the manufacturing, sourcing, and marketing of ADAS sensors and components.
Night vision cameras with high-quality resolution are also costly, especially uncooled microbolometer sensors, impacting their adoption in mass-segment vehicles. Additionally, limited governmental support for night vision cameras hinders their adoption. These high costs associated with ADAS sensors and technology may negatively impact the global automotive sensors market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Tenneco Inc.- The company offers automotive sensors such as level sensor, Acceleration sensor, Steering sensor.
This market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Amphenol Corp., Aptiv Plc, Auto DITEX BG Ltd., Dorman Products Inc., Electricfil SA, Faurecia, 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.
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 market, particularly the Automotive Sensors segment, is experiencing significant growth due to the increasing demand for advanced driver assistance systems (ADAS) and electric vehicles (EVs). The market is driven by the adoption of various types of sensors such as LiDAR, radar, ultrasonic, and camera sensors. These sensors enable features like adaptive cruise control, lane departure warning, blind spot detection, and parking assistance. Additionally, the growing popularity of EVs and the need for battery management systems and charging infrastructure are fueling the demand for sensors. Customers require high-performance and cost-effective sensors to meet the evolving needs of the industry. The market is expected to grow steadily in the coming years, with significant investments being made in research and development to improve sensor technology and functionality. The Solid-state technology and the integration of AI and machine learning algorithms are some of the trends shaping the future of the market.
The market is witnessing significant growth driven by the increasing adoption of solar charging systems and automation of vehicles. Original equipment manufacturer (OEM) are integrating LiDAR sensors and navigation technology to enhance connectivity features and improve safety. Additionally, the rising demand for Light commercial vehicles (LCV) and the proliferation of infotainment systems are fueling market expansion. EVs (Electric Vehicles) and HVs (Hybrid Vehicles) are driving the demand for compact and energy-efficient sensors. However, challenges such as the high cost of LiDAR and slow adoption rates hinder market growth. Despite these challenges, ongoing advancements in engine management and prototyping investment are expected to drive innovation in the market.
Automotive Sensors Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.12% |
Market growth 2023-2027 |
USD 8.33 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.76 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amphenol Corp., Aptiv Plc, Auto DITEX BG Ltd., Dorman Products Inc., Electricfil SA, Faurecia, 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. |
Market dynamics |
Parent market trends and analysis, Market 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 |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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