Automotive Sensor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Automotive Sensor Market size is projected to record over 5% CAGR from 2024 to 2032, driven by a surge in new launches and relentless technological advancements. Manufacturers are rolling out new sensor models, boasting cutting-edge features aimed at bolstering vehicle safety, efficiency, and driver assistance systems. These sensors are also equipped with innovations like heightened accuracy, superior environmental resilience, and deeper connectivity with vehicle networks. For example, in January 2024, Texas Instruments (TI) unveiled the AWR2544 77GHz mm-wave radar sensor chip, underscoring its commitment to enhancing automotive safety and intelligence.
The overall market is segregated into technology, product, vehicle type, propulsion type, application, and region.
Based on propulsion type, the automotive sensor market share from the battery electric vehicle segment is estimated to rise at a significant rate from 2024 to 2032 driven by an escalating demand for performance and efficiency enhancements. These sensors deliver real-time insights on critical parameters like battery health, motor performance, and energy consumption, propelling advancements in vehicle performance and energy management. This is subsequently supporting the evolution of battery electric vehicles.
Automotive sensor industry value from the ADAS and safety system application segment is anticipated to expand at a substantial CAGR through 2032, fueled by a heightened emphasis on vehicle safety and driver assistance. By harnessing the power of sensors, cameras, and sophisticated algorithms, ADAS and safety systems offer real-time feedback, enabling features like adaptive cruise control, lane-keeping assistance, and automatic emergency braking. Beyond these functionalities, ADAS applications play a pivotal role in bolstering road safety, and aiding drivers in collision avoidance and navigation.
Regionally, the North America automotive sensor market size is projected to witness a robust CAGR between 2024 and 2032 primarily due to the accelerating trend of vehicle electrification. As the region pivots towards electric vehicles, there is a burgeoning demand for advanced sensors. These sensors are crucial for monitoring and managing facets like electric drivetrains, battery systems, and overall energy efficiency. Consequently, the evolution of the region will ensure that automotive sensors play a pivotal role in enhancing the performance, safety, and efficiency of its increasingly electrified vehicle fleet.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing demand for advanced driver assistance systems (ADAS)
- 3.8.1.2 Proliferation of electric and autonomous vehicles
- 3.8.1.3 Stringent safety and emission regulations
- 3.8.1.4 Consumer demand for enhanced in-vehicle experience
- 3.8.1.5 Technological advancements and cost reduction
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 High development and production costs
- 3.8.2.2 Complexity of integration and compatibility issues
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 (USD Million and Units)
- 5.1 Current sensor
- 5.2 Pressure sensor
- 5.3 Temperature sensor
- 5.4 Speed sensor
- 5.5 Position sensor
- 5.6 Camshaft sensor
- 5.7 Torque sensor
- 5.8 Angle sensor
- 5.9 Level sensor
- 5.10 Gas sensor
- 5.11 Humidity sensor
- 5.12 Lidar sensor
- 5.13 Infrared sensor
- 5.14 Ultrasonic sensor
- 5.15 Radar sensor
- 5.16 Image sensor
- 5.17 Others
- Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million and Units)
- 6.1 Hall-Effect
- 6.1.1 Core hall
- 6.1.2 Coreless hall
- 6.2 Shunt
- 6.3 Fluxgate
- 6.4 Magneto-Resistive
- Chapter 7 Market Estimates and Forecast, By Vehicle Type, 2021 - 2032 (USD Million and Units)
- 7.1 Passenger Cars
- 7.2 Light commercial vehicle
- 7.3 Heavy commercial vehicle
- Chapter 8 Market Estimates and Forecast, By Propulsion Type, 2021 - 2032 (USD Million and Units)
- 8.1 Gasoline
- 8.2 Diesel
- 8.3 Hybrid
- 8.4 Battery electric vehicle
- 8.5 Fuel cell
- Chapter 9 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million and Units)
- 9.1 Powertrain
- 9.2 Body electronics
- 9.2.1 Steering systems
- 9.2.2 Chassis system
- 9.2.3 Others
- 9.3 ADAS and Safety System
- 9.4 Health, Wellness and Wellbeing (HWW)
- Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million and Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA
- Chapter 11 Company Profiles
- 11.1 Allegro Microsystems
- 11.2 Robert Bosch
- 11.3 Infineon Technologies
- 11.4 NXP Semiconductors
- 11.5 STMicroleectronics
- 11.6 ZF Friedrichshafen AG
- 11.7 Texas Instruments Incorporated
- 11.8 TE Connectivity
- 11.9 TDK Corporation
- 11.10 Renesas Electronics Corporation
- 11.11 NGK SPARK PLUG CO., LTD.
- 11.12 Murata Manufacturing Co., Ltd.
- 11.13 Mitsubishi Electric Corporation
- 11.14 Melexis
- 11.15 Littelfuse, Inc.
- 11.16 Honeywell International, Inc.
- 11.17 HYUNDAI KEFICO Corporation
- 11.18 Hitachi Astemo, Ltd.
- 11.19 HELLA GmbH and Co. KGaA
- 11.20 Elmos Semiconductor SE
- 11.21 Dongguan Zhengyang Electronic Mechanical Ltd.
- 11.22 Denso Corporation
- 11.23 CTS Corporation
- 11.24 Continental AG
- 11.25 Bourns, Inc.
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