Automotive Sensors Market by Product (Gas Sensors, Inertial Sensors, Lidar Sensors), Positioning (Exterior Sensors, Interior Sensors), Application, Distribution Channel, Vehicles - Global Forecast 2024-2030
Description
Automotive Sensors Market by Product (Gas Sensors, Inertial Sensors, Lidar Sensors), Positioning (Exterior Sensors, Interior Sensors), Application, Distribution Channel, Vehicles - Global Forecast 2024-2030
The Automotive Sensors Market size was estimated at USD 32.79 billion in 2023 and expected to reach USD 36.53 billion in 2024, at a CAGR 11.75% to reach USD 71.38 billion by 2030.
Automotive sensors are essential in modern vehicles that detect, measure, and transmit critical information to ensure optimal performance, safety, and efficiency. These sophisticated devices convert physical parameters such as pressure, temperature, speed, position, and gas concentration into electrical signals processed by electronic control units (ECUs) to monitor and control various vehicle functions. Meanwhile, the growing production of automotive vehicles with embedded security features and high-quality sensors for infotainment increases the demand for high-quality sensors. Additionally, the strict norms in the automotive industry for vehicle emission has frequently contributed to the automotive sensors market growth. However, the issues related to the automotive sensors, such as failures and the widening availability of sensors from aftermarket, significantly hinder the market expansions. Companies are working toward research and development activities and innovative technologies to cater to certain challenges. Moreover, the advancements in automotive sensor technology with AR and VR in-vehicle cameras drive the future demands for automotive sensors with the rising adoption rate for electric and self-driving vehicles worldwide.
Regional Insights
In the Americas, the United States and Canada are among the key countries in the automotive sensors market due to rapid innovative technologies and research & development activities. In recent years, there has been an increase in investments by major automotive manufacturers toward the development of advanced sensor technologies to meet stringent government regulations on emissions standards. European countries have witnessed significant growth in the automotive sensors market due to strict emission norms and an emphasis on energy-efficient vehicles. Major European automakers are investing heavily in research & development for advanced sensor integration into their vehicles. The Middle East and Africa region has observed a steady demand for automotive sensors due to increasing consumer preference for technologically advanced vehicles with enhanced safety features. Furthermore, in the Asia-Pacific, China, Japan, and India witnessed growth in automobile production and sales supported by a growing middle-class population seeking better-quality vehicles with enhanced safety features. India and China have shown potential growth in the automotive sensors market due to government initiatives, such as ‘Make in India’ and ‘Make in China, ’ which foster domestic manufacturing and attract foreign investment.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Automotive Sensors Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rising production of passenger and commercial vehicles
- Integration of high-quality sensors in in-vehicle infotainment systems
- Stringent norms for vehicle safety and emission
- Market Restraints
- Concerns associated with failure and false alarms caused by automotive sensors
- Market Opportunities
- Advancements in automotive sensors with AI, VR, and real-time cameras
- Emerging popularity of electric and self-driving vehicles worldwide
- Market Challenges
- Susceptibility of some automotive sensors to interference from external factors
- Market Segmentation Analysis
- Type: Utilization of radar and ADAS sensor for smooth driving experience
- Positioning: High deployment of interior sensors for vehicle performance management
- Distribution Channel: Widening availability of automotive sensor through aftermarket supply channels
- Application: Rising adoption of automotive sensors for vehicle monitoring and pressure control processes
- Vehicles: Expanding integration of automotive sensors in light commercial & passenger vehicles
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Sensors Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Sensors Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- UltraSense, Mobase Team to Bring Touch Sensing Into Vehicles
UltraSense Systems, a San Jose-based company specializing in in-plane sensing technology for smart touch interfaces for vehicles, partnered with Mobase Electronics Co. Ltd., a Korean-tier supplier of automotive switches. This partnership aimed to leverage the capabilities of UltraSense CapForce HMI controllers to enhance the partnership between the two companies. The partnership is expected to focus on integrating these controllers into automotive systems, providing advanced touch interface solutions for improved vehicle user experience.
Sony Semiconductor Solutions to Release CMOS Image Sensor for Automotive Cameras with Industry-Leading 17.42-Effective Megapixels
Sony Semiconductor Solutions Corporation (SSS) released the IMX735, a cutting-edge CMOS image sensor designed for automotive cameras. This groundbreaking sensor boasts the industry's highest pixel count, with an impressive 17.42 effective megapixels. The IMX735 is set to revolutionize the development of innovative camera systems, empowering them with advanced sensing and recognition capabilities.
Bosch Opens New Semiconductor Test Center for Chips and Sensors in Malaysia
Robert Bosch GmbH has made a significant investment of Euro 65 Million to establish a state-of-the-art test center for chips and sensors in Penang, Malaysia. The newly established test center in Penang stands as advanced semiconductor test centers in Southeast Asia and aimed to immediately commence testing semiconductors and sensors from Dresden.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Sensors Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Automotive Sensors Market, highlighting leading vendors and their innovative profiles. These include Allegro MicroSystems, LLC, Analog Devices, Inc., Aptiv PLC, Autoliv Inc., BorgWarner Inc., Cebi International S.A., Continental AG, CTS Corporation, Defovo Automotive Sensor, Denso Corporation, Hitachi, Ltd., Infineon Technologies AG, Innoviz Technologies, Ltd., LeddarTech Inc., LEM International SA, Luksens Technologie GmbH, Luminar Technologies Inc., Magna International, Inc., Melexis NV, Mitsubishi Materials Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., ON Semiconductor, Panasonic Holdings Corporation, Quanergy Systems, Inc., Renesas Electronics Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Sensata Technologies, Inc., Sony Group Corporation, STMicroelectronics N.V., TE Connectivity Ltd., Valeo S.A., Velodyne Lidar, Inc. by Ouster, Inc., and ZF Friedrichshafen AG.
Market Segmentation & Coverage
This research report categorizes the Automotive Sensors Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Gas Sensors
- Inertial Sensors
- Lidar Sensors
- Parking Sensors
- Particulate Matter Sensors
- Position Sensors
- Pressure Sensors
- Radar Sensors
- Rain Sensors
- Speed Sensors
- Temperature Sensors
- Ultrasonic Sensors
- Positioning
- Exterior Sensors
- Interior Sensors
- Application
- Body Electronics
- Chassis
- Exhaust
- Powertrain
- Safety and Control
- Telematics
- Distribution Channel
- Aftermarket
- Original Equipment Manufacturer
- Vehicles
- Heavy Commercial Vehicle
- Light Commercial Vehicle
- Passenger Car
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
189 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising production of passenger and commercial vehicles
- 5.1.1.2. Integration of high-quality sensors in in-vehicle infotainment systems
- 5.1.1.3. Stringent norms for vehicle safety and emission
- 5.1.2. Restraints
- 5.1.2.1. Concerns associated with failure and false alarms caused by automotive sensors
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in automotive sensors with AI, VR, and real-time cameras
- 5.1.3.2. Emerging popularity of electric and self-driving vehicles worldwide
- 5.1.4. Challenges
- 5.1.4.1. Susceptibility of some automotive sensors to interference from external factors
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of radar and ADAS sensor for smooth driving experience
- 5.2.2. Positioning: High deployment of interior sensors for vehicle performance management
- 5.2.3. Distribution Channel: Widening availability of automotive sensor through aftermarket supply channels
- 5.2.4. Application: Rising adoption of automotive sensors for vehicle monitoring and pressure control processes
- 5.2.5. Vehicles: Expanding integration of automotive sensors in light commercial & passenger vehicles
- 5.3. Market Trend Analysis
- 5.3.1. Strong presence of regional sensor producers catering to evolving ADAS requirements and improving safety needs with consistent R&D efforts in the Americas
- 5.3.2. Enhanced emphasis on investments from global players to establish advanced manufacturing facilities equipped with state-of-the-art machinery and automation systems in APAC
- 5.3.3. Presence of established automakers and strong government initiatives promoting the safe and advance automotive sensors to cater mobility future in EMEA
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Automotive Sensors Market, by Product
- 6.1. Introduction
- 6.2. Gas Sensors
- 6.3. Inertial Sensors
- 6.4. Lidar Sensors
- 6.5. Parking Sensors
- 6.6. Particulate Matter Sensors
- 6.7. Position Sensors
- 6.8. Pressure Sensors
- 6.9. Radar Sensors
- 6.10. Rain Sensors
- 6.11. Speed Sensors
- 6.12. Temperature Sensors
- 6.13. Ultrasonic Sensors
- 7. Automotive Sensors Market, by Positioning
- 7.1. Introduction
- 7.2. Exterior Sensors
- 7.3. Interior Sensors
- 8. Automotive Sensors Market, by Application
- 8.1. Introduction
- 8.2. Body Electronics
- 8.3. Chassis
- 8.4. Exhaust
- 8.5. Powertrain
- 8.6. Safety and Control
- 8.7. Telematics
- 9. Automotive Sensors Market, by Distribution Channel
- 9.1. Introduction
- 9.2. Aftermarket
- 9.3. Original Equipment Manufacturer
- 10. Automotive Sensors Market, by Vehicles
- 10.1. Introduction
- 10.2. Heavy Commercial Vehicle
- 10.3. Light Commercial Vehicle
- 10.4. Passenger Car
- 11. Americas Automotive Sensors Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Automotive Sensors Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Automotive Sensors Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. UltraSense, Mobase Team to Bring Touch Sensing Into Vehicles
- 14.3.2. Sony Semiconductor Solutions to Release CMOS Image Sensor for Automotive Cameras with Industry-Leading 17.42-Effective Megapixels
- 14.3.3. Bosch Opens New Semiconductor Test Center for Chips and Sensors in Malaysia
- 14.3.4. Innoviz and LOXO Expand Partnership to Deploy Autonomous, Zero-Emission Delivery Vehicles Using InnovizOne LiDAR
- 14.3.5. Magna Completes Acquisition of Veoneer Active Safety Business
- 14.3.6. Innoviz Expands Collaboration with a Major Customer, Adding InnovizTwo for New Light Commercial Vehicle
- 14.3.7. Innoviz Technologies and General Laser Sign Distribution Agreement to Accelerate LiDAR Adoption in Europe
- 14.3.8. Continental’s New E-Motor Rotor Position Sensor: More Efficiency and Smoother Operations for Electric Vehicles
- 14.3.9. Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption
- 14.3.10. Polar Semiconductor Investment and Expansion
- 14.3.11. Allegro MicroSystems Announces Groundbreaking New Position Sensors for ADAS Applications
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
Pricing
Currency Rates
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