Automotive Sensors Market Size Worth $ 50.76 Billion By 2032 | CAGR: 6.2%

The global automotive sensors market size is expected to reach USD 50.76 billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Sensors Market Share, Size, Trends, Industry Analysis Report, By Sensor Type (Temperature, Pressure, Position, Level, Speed, Force, Torque, Others); By Technology; By Vehicle Type; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Automotive sensors collect and send data to evaluate vehicle performance. They detect changes and produce an output on a screen or transmit it digitally for processing.

Modern automotive safety systems rely on pressure sensors installed in side airbags to meet passenger safety standards. These sensors are seamlessly integrated into the vehicle's side doors and transmit digital crash signals to the central airbag unit.

In addition to improving passenger safety, these air pressure sensors also contribute to increased engine efficiency by effectively regulating spark advances in both gasoline and diesel engines. As a result, the demand for pressure sensors is expected to rise due to their expanding use in both engine and vehicle safety systems.

Automotive sensors are used in vehicles for various functions such as managing wipers, lighting systems, dashboard functionalities, detecting rain, operating sunroofs, assisting in parking, adjusting seats, controlling climate, releasing and closing tailgates, managing trailers, sounding alarms, and controlling radios.

The COVID-19 pandemic impacted the automotive sensor market, causing manufacturing shutdowns and supply chain disruptions. This led to a decrease in demand and a slowdown in the market. However, the pandemic accelerated trends such as the adoption of electric vehicles and autonomous driving technologies, which require advanced sensors.

The need for sensors that enable features like gesture recognition, touchscreens, and in-cabin monitoring systems has also increased. Despite the challenges posed by the pandemic, ongoing technological advancements and evolving consumer preferences are likely to drive sustained growth in the automotive sensor market.

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The integration of advanced driver-assistance systems (ADAS) in vehicles is increasing, which is leading to a growing demand for sensors. These sensors enable features such as adaptive cruise control, lane departure warning, and collision avoidance. The rise of electric vehicles (EVs) is also contributing to the surge in demand for sensors, particularly in the areas of battery management, thermal management, and charging infrastructure. Additionally, there is a notable shift towards the development of autonomous vehicles, which requires sophisticated sensor technologies like LiDAR, radar, and cameras to enable accurate perception and decision-making capabilities.

Automotive Sensor Market Report Highlights

• In 2023, the pressure sensor segment accounted for the largest revenue share in the automotive sensor market. Pressure sensors are in high demand due to the need for cars with better fuel efficiency and real-time tire pressure monitoring. They help reduce fuel consumption and carbon emissions, contributing to the overall economic efficiency of vehicles.
• The powertrain segment accounted for the highest market share during the forecast period. Powertrain refers to the amount of electrical power consumed by sensors within a vehicle. Automotive sensors are essential components in modern vehicles that collect various types of data and information, such as engine performance, environmental conditions, safety parameters, and more. However, these sensors require electrical power to operate and perform their functions, which is known as powertrain.
• In 2023, North America accounted for the largest market share in the automotive sensor market. North America is anticipated to witness an increase in demand for automotive sensors due to the implementation of several energy efficiency regulations. The use of autonomous and electric vehicles is also contributing to the demand for various types of sensors, including radar, ultrasonic, and LiDAR sensors.
• Europe is accounted for the fastest growth in the automotive sensors market. Europe is a hub for autonomous vehicle companies and major component manufacturers. Companies in the region are collaborating to develop advanced automotive sensors. Europe's innovative cars have led to the widespread adoption of automotive sensors in the region. Strict government regulations on safety and carbon emissions are driving the growth of the market.
• The global key market players include Allegro MicroSystems, Inc., Continental AG, Hella GmbH & Co. KGaA, Honeywell International Inc., Infineon Technologies, NXP Semiconductors N.V., Panasonic Corporation, Renesas Electronics Corporation, Robert Bosch GmbH, Sensata Technologies, STMicroelectronics, and The Texas Instruments.

Polaris Market Research has segmented the automotive sensors market report based on sensor type, technology, vehicle type, application and region:

Automotive Sensors, Sensors Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Temperature
• Pressure
• Position
• Level
• Speed
• Force
• Torque
• Others

Automotive Sensors, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

• MEMS
• Non-MEMS

Automotive Sensors, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Conventional Vehicles
• Electric Vehicles

Automotive Sensors, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Powertrain
• Safety & Control
• Exhaust
• Chassis
• Others

Automotive Sensors, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Automotive Sensor Market Report Scope