Press Releases

The global automotive sensor market is expected to grow at a CAGR of 8.0% during the forecast period with its market size predicted to reach USD 45.3 billion by 2030. There is a constant increase in the number of sensors integrated into vehicles to improve their performance. Due to this, there is a rise in the number of partnerships and collaborations among the automotive OEMs and sensor manufacturers is one of the major trends prevailing in the automotive sensor market currently.  

The passenger car category held the largest share in the automotive sensor market.

Based on vehicle type, the market is bifurcated into fuel-based vehicles and electric vehicles. The fuel-based vehicle is further broken down into passenger cars, light commercial vehicles (LCV), and medium & heavy commercial vehicles (MHCVs). Passenger car is expected to account for the highest market share in the current year and is expected to grow at the fastest rate with the adoption of ADAS, electric, and hybrid cars.

Geography Insight

Geographically, APAC, mainly China is the largest automotive sensor market with the largest number of electric vehicle production. Besides, the country is home to some of the major automotive manufacturers, which will further surge the growth of the China automotive sensor market in years to come.

Competitive Insight

Some of the key players operating in the global automotive sensor market are Analog Devices, Inc., Continental AG, Delphi Technologies, Denso Corporation, Robert Bosch GmbH, Infineon Technologies AG, APTIV, Melexis, Sensata PLC, and CTS Corporation.

Key Takeaway from the Report:

• Among all the sensor types, the position sensor segment captured the highest market share in 2018.
• Of all the sales channels, the OEM accounted for the foremost share of the automotive sensor market in 2018.
• Among all the applications, the powertrain application segment accounted for the foremost share of the automotive sensor market.
• Of all vehicle type, the passenger car category held the largest share in the automotive sensor market in 2018.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue (USD Million) and volume (Million Units). The report segments the global automotive sensor market based on sensor types, sales channels, applications, vehicle types, and regions.

Global Automotive Sensor Market Coverage

Sales Channel Insight and Forecast 2025-2030

• Original Equipment Manufacturer (OEM)
• Aftermarket

Sensor Type Insight and Forecast 2025-2030

• LED
• Image Sensor
• Position Sensor
• Temperature Sensor
• Pressure Sensor
• MEMs
• Gas Sensor
• Others

Application Insight and Forecast 2025-2030

• ADAS
• Powertrain
• Chassis
• Safety & Control
• Telematics
• Others

Vehicle Type Insight and Forecast 2025-2030

• Fuel Based Vehicle
  • Passenger Car
  • LCV
  • MHCV
• Electric Vehicle

Geographical Segmentation

Automotive Sensor Market by Region

North America

• By Sales Channel
• By Sensor Type
• By Application
• By Vehicle Type
• By Country – U.S., Canada, and Mexico

Europe

• By Sales Channel
• By Sensor Type
• By Application
• By Vehicle Type
• By Country – Germany, U.K., France, Spain, Italy, and Rest of Europe

Asia-Pacific (APAC)

• By Sales Channel
• By Sensor Type
• By Application
• By Vehicle Type
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Sales Channel
• By Sensor Type
• By Application
• By Vehicle Type
• By Country – Brazil, South Africa, Saudi Arabia, and Other Countries