Global Automotive Sensors Market is valued at USD 21.43 Billion in 2021 and expected to reach USD 51.69 Billion by 2028 with a CAGR of 13.4% over the forecast period.
Automobile sensors are clever sensors that may be used to regulate and process oil pressure, temperature, pollution levels, coolant levels, and other variables. Different types of sensors are utilized in autos, but understanding how they function is critical. Automotive sensors are built into the vehicle's system and are used to detect, transmit, analyze, and display vehicle performance data in the vehicle's internal and exterior environments. Sensors are employed to lower a vehicle's onboard weight and fuel usage. Automotive sensors are intelligent sensors that may be used in a car to manage and process temperature, coolant level, and oil pressure. In the automobile sector, sensors such as speed sensors, coolant sensors, and temperature sensors are employed. Sensors in automobiles have shown a significant advancement in recent years. These sensors have had a significant effect on the development of Micro Electro Mechanical Systems (MEMS). MEMS may be traced back to its forerunner, the Manifold Absolute Pressure Sensor (MAP), which was developed by various businesses in the mid-1980s.
The Covid-19 pandemic has had a major influence on the automobile sector, led to the closure of multiple plants, supply chain disruptions, and international trade obstacles. Consumer demand has dwindled, prompted some automakers to lower their new car manufacturing capacity, restricting market potential for automotive sensor manufacturers. Thus, the major automotive OEMs are planning to restructure their production facilities and increase their investments in automotive sensors.
Global automotive sensors market report is segmented on the basis of sales channel, sensor type, vehicle type, application and region & country level. Based upon sales channel, global automotive sensors market is classified into original equipment manufacturers, original equipment supplier spare parts and independent aftermarket. Based upon sensor type, the market is divided into temperature sensors, pressure sensors, position sensors, oxygen sensors, NOx sensors, inertial sensors, speed sensors, and image sensors. Based upon vehicle type, global automotive sensors market is divided into passenger car, LCV and HCV. Based upon application, global automotive sensors market is divided into powertrain systems, safety & control systems, chassis, exhaust systems, vehicle body electronics and telematics systems.
The regions covered in global automotive sensors market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global automotive sensors is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
On December 16th 2021; New microcontrollers (MCUs) designed for automotive actuator and sensor control applications are available from Renesas Electronics Corporation (TSE:6723), a leading provider of advanced semiconductor solutions. They support edge evolution in next-generation electronic and electrical (E/E) architecture. Renesas expands its RL78 Family of low-power 16-bit MCUs and improves its broader automotive portfolio with the new RL78/F24 and RL78/F23, providing customers with highly dependable, high-performance solutions for systems ranging from actuators to zone control.
One of the major factors driving the growth of global automotive sensors market is increasing adoption of Autonomous Vehicles. The high adoption of ADAS and AD systems is the major reason behind the raised demand for automotive sensors. Sensors introduced in ADAS/AD systems incorporate image sensors, speed sensors, position sensors, temperature sensors, and so on. Autonomous vehicles sent with a wide assortment of sensors can diminish drivers' stress and increment their usefulness. Consequently, the rising adoption of autonomous vehicles is fueling the development of the automotive sensors market. For instance; in July 2021, Continental AG partnered with a LiDAR master called AEye to incorporate the long-range LiDAR innovation into its full sensor stack solution and make the initial full-stack automotive-grade system for Level 2+ up to Level 4 robotized and autonomous driving applications. The solution in light of AEye's LiDAR innovation is a significant part of the sensor arrangement for high-level automation systems.
In addition, growing demand for pressure sensors is also supplementing the market growth. Current vehicle limitation systems use side airbag pressure sensors to fulfill passenger vehicle safety needs. The pressure sensor is coordinated into the vehicle's side entryways and sends digital crash signals to the central airbag unit. Moreover, the air pressure sensor further develops engine proficiency by successfully controlling spark advances in fuel and diesel motors. Thus, the market is relied upon to create because of the rising utilization of pressure sensors in the engine and the vehicle's security system.
Furthermore, rising demand for advanced technology for comfort & safety also drives the global automotive sensors market. Smart sensors are utilized in accelerometers, which are equipped in vehicles to give advantages like safety and fuel effectiveness. A smart sensor processes real-time information and advises engine-related issues. Additionally, these work with communication between engine, braking, suspension and different controls of vehicles. Vehicle safety issues have driven vehicle manufacturers to implement smart sensors at a high rate, for example, in airbags, for security. These air bags are more efficient compared with ordinary air bags in detecting accidents, hence limiting them.
However, high cost and underdeveloped aftermarket for automotive sensors may hamper the Global Automotive Sensors Market growth. In spite of that, increasing focus on electrification in automotive industry can provide various opportunities for the further growth of the global automotive sensors market.
North America is expected to dominate the global automotive sensors market within the forecast period due to rising adoption of ADAS and AD systems, growing advancement in technology and presence of key players in this region. The automobile industry is one of the largest in the United States. For example, according to the National Automobile Dealers Association (NADA), new light-vehicle sales will reach 16.3 million units, a 12.7 percent rise over 2020. The market for cars and vehicle manufacturing in the United States is worth $82.6 billion in 2021. In the year 2020, 39.3 million used light automobiles were sold in the United States. In 2020, Americans will have purchased around 14,471,800 million automobiles. In addition, increasing technological advancement also drives the market in the region. For instance, in September 2018, Wabco Holdings Inc. marked a Memorandum of Understanding (MoU) with Valeo. Under this agreement, Valeo will supply WABCO with cutting edge short and mid-range sensors, which incorporate 77GHz radar and strong state LiDAR, to create and industrialize the next generation of Advanced Driver Assistance Systems (ADAS), as a key structure block for vehicle autonomy.
Europe is projected to show a significant growth in the global automotive sensors market due to technological development and presence of key players in this region. For instance, in April 2020, Infineon Technologies took over Cypress Semiconductor, a main semiconductor design and production organization. The acquisition will extend its automotive sensors, semiconductors, and microcontrollers, among different applications.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 21.43 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 51.69 Billion|
|Tables, Charts & Figures:||175|
|Automotive Sensors Companies||BorgWarner, Sensata Technologies, Allegro Microsystems, Analog Devices, Robert Bosch GmbH, Continental AG, DENSO Corporation, Infineon Technologies AG, ELMOS Semiconductor SE, STMicroelectronics N.V., CTS Corporation, Autoliv, TE Connectivity & Others|
|Segments Covered||By Sales Channel, By Sensor Type, Vehicle Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
By Sales Channel:
By Sensor Type:
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