Automotive Sensors: Global Market Scenario, Trends, Opportunity, Growth and Forecast, 2020-2030

Market Definition

A sensor is a transducer that may output a variety of signals, usually electrical or optical ones. Sensors are crucial components of many measurement and automation applications because they translate physical occurrences into values that data acquisition systems can monitor. Applications for sensors are continuously emerging in new domains and are being employed in a growing variety of industries.

Market Insights

Due to decreased auto sales and production in 2009, the market for automotive sensors saw a dip. During this time, consumer preferences switched towards more affordable economy cars, and the market for MEMS sensors—which are mostly utilized in high-end vehicles—declined. But as MEMS sensor production costs fall over the next few years, all sorts of cars, regardless of price, will employ them. Regulatory reforms that require vehicle stability control in all new cars will further hasten the adoption of MEMS sensors in autos. With an anticipated CAGR of 15.55%, the overall global market for all sensor types is anticipated to grow from $42.19 billion in 2022 to more than $80 billion in 2030. IoT sensors are anticipated to increase at the fastest rate, with a CAGR of 18.67% predicted from 2023 to 2030.

During the anticipated timeframe, the original equipment manufacturer (OEM) market is anticipated to grow at the highest CAGR. Due to the increasing demand for sensors in contemporary automobiles, the OEM segment is anticipated to dominate the automotive sensors market over the forecast period. For automobiles to run safely, comfortably, and economically, sensors are a crucial part of the automotive systems. Extreme circumstances found in automotive applications, such as heat, cold, or constant vibrations, increase the need for highly dependable and resilient sensors. Additionally, the rise of the OEM segment in the automotive sensors market is also fueled by the recently mandated sensors-based features like clear surrounding visuals, automatic vehicle speed control, and vehicle position tracking.

The automotive sensors market was dominated by the passenger car sector. A similar trend is projected to be seen throughout the forecast period. In 2022, the passenger car category is predicted to hold the greatest share of the automotive sensors market. During the forecast period, the passenger car segment is likewise anticipated to have the greatest CAR. The huge demand and high production of vehicles around the world can be blamed for the segment’s dominant position in the passenger car market. At the moment, passenger automobiles make up the majority of the world’s total automobile output.

Automotive sensors are used in passenger cars to increase safety, boost performance, and lower CO2 emissions from moving vehicles. The demand for automobiles in growing economies like China, India, and Brazil has been spurred by improvements in road infrastructure, the availability of inexpensive labour, and customers’ increased spending power, which in turn promotes the need for automotive sensors.

The market for automotive sensors was dominated by powertrain systems in 2022, and it is anticipated that this trend would continue during the forecast period. The automotive sensors market is predicted to have the highest CAR during the projected period for safety and control systems. The increased usage of position, speed, gas, pressure, and temperature sensors in powertrain, safety, and control systems is responsible for the market’s expansion in these areas. These sensors are necessary for safe trips and effective vehicle operation. Government rules on fuel economy and emission reduction are becoming more stringent, which has accelerated the use of sensors in powertrain systems. Automotive sensors are employed in exhaust systems to track and assess the quantity of gases released by the car.

In 2022, Asia Pacific had the greatest market share for automotive sensors, and it is anticipated that this trend would continue during the forecast period. This surge is due to strict government regulations requiring the use of cutting-edge technologies to boost vehicle safety and reduce pollution, a rising preference for electric and hybrid vehicles, and widespread usage of ADAS and autonomous vehicles. Other significant drivers fueling the growth of the automotive sensors market in Asia Pacific include the rising purchasing power of consumers, rising investments in infrastructure development for the automotive industry, and soaring demand for more efficient and safe automobiles.

Market Dynamics: Drivers

Usage of Autonomous Vehicles is Driving the Market Growth

One of the main causes of the need for car sensors is autonomous driving. The majority of the automotive sensor industry is expanding along with the total automotive market. The main driver of the increased demand for automotive sensors is the wide deployment of ADAS and AD systems. The majority of the market growth for automotive sensors is due to the sensors used in ADAS/AD systems, which include image sensors, temperature sensors, position sensors, speed sensors, and others. In addition, other sensors, including body, chassis, and powertrain sensors, are also very important in promoting the expansion of the automobile sensor industry. Powertrain sensors are essential to the efficient running of the alternator, gearbox and engine. Braking, steering, and suspension systems are all monitored by the chassis sensors. The brakes, power steering, and ADAS/AD systems of SAE AV Level 3 vehicles all make use of a cluster of sensors. Vehicle performance and condition are measured by body sensors based on a number of factors. For instance, body sensors collect and transmit data on seat occupancy, door/roof closing, and the quantity of sunlight or precipitation. Based on this data, alerts can be set off and simple tasks can be carried out. Thus, the deployment of autonomous vehicles equipped with a wide range of sensors can lower drivers’ levels of stress and boost their output. As a result, the market for automotive sensors is expanding due to the growing popularity of autonomous vehicles.

Market Dynamics: Challenges

Low Penetration of Aftermarket for Automotive Sensors in Emerging Economies

Due to the underdeveloped aftermarket for car sensors, the business of automotive sensors is dominated by OEMs. The aftermarket is crucial in fostering market expansion for a number of other industry sectors, including industrial sensors and home automation devices.

The main obstacle to the commercialization of automotive sensors is that, in the case of automotive sensors, the majority of technical parameters are provided by the car manufacturer or a tier 1 supplier. Similar to how the retrofit market is rather tiny for many modern sensors like radar, lidar, and proximity sensors due to their lesser penetration in cars.

Market Segmentation

• Based on Technology Type, the Global Automotive Sensors market is segmented into
  • Chemical and gas sensors
    • Nitrogen oxide
    • Unheated thimble-type oxygen
    • Heated titania-type oxygen
    • Heated planar-type oxygen
    • Heated wide-band oxygen
  • Rotational motion sensors
    • Variable reluctance sensors
    • Wiegand effect sensors
    • Hall effect sensors
    • Magneto-resistor sensors
    • AMR sensors
    • GMR sensors
    • Others
  • Angular and linear position sensors
    • Potentiometric sensors
    • Hall-effect sensors
    • AMR sensors
    • Optical encoder sensors
    • MPTT sensors
    • Others
  • Image and vision sensors
    • CMOS image
    • CCD image
    • Others
  • Radar and LIDAR sensors
    • Radar
    • LIDAR
    • Others
  • Accelerometers
    • MEMS accelerometers
    • Piezoelectric accelerometers
    • Piezo-resistive accelerometers
    • Strain-gage-based accelerometers
    • Others
  • Mass airflow sensors
    • Vane meter
    • Hot wire
    • Cold wire
    • Membrane
    • Kármán vortex
    • Others   
  • IoT sensors
    • Driving information
    • Location information
    • Surrounding information
    • Processing information
  • Temperature sensors
    • Thermocouples
    • Thermistor
    • RTD
    • Infrared
    • Bimetallic devices
    • Silicon diodes
    • Others
  • Pressure sensors
    • MEMS pressure
    • Piezo-resistive micro-machined
    • Capacitive ceramic-module
    • Optical
    • Others
  • Others
    • Level
    • Speed
    • Gyroscope
    • Ultrasonic
    • Others
• Based on Application, the Global Automotive Sensors market is segmented into
  • • Powertrain
      • Ignition control
      • Speed and torque measurement
      • Engine management
      • Transmission control
      • Emission control
        • EGR flow rate
        • EGR valve position
        • Exhaust back pressure
        • Others
      • Fuel control
        • Fuel level
        • Fuel tank pressure
        • Fuel tank temperature
        • Others
    • Driver support, comfort and convenience
      • Driver assistance
        • Parking assist
        • Reverse assist
        • Various power assist
        • Others
      • Vehicle environment control
        • Air conditioning temperature
        • Climate control pressure
        • Others
      • Vehicle lighting control
        • Headlight control
        • Ambient light
        • Adaptive front lighting
        • Others
      • Others
        • Blind spot detection
        • Local hazard warning
        • Drowsiness warning
        • Others
    • Vehicle safety and security
      • Vehicle safety
        • Airbag
        • Seat belt
        • Occupant detection
        • Others
      • Vehicle security
        • Anti-theft
        • Remote keyless entry
        • Driver ID
        • Others
      • Vehicle collision control
        • Adaptive cruise control sensors
        • Lane departure warning sensors
        • Crash/collision avoidance sensors
        • Others
      • Better road visibility
        • Windshield
        • Rearview mirror
        • Night vision
        • Others
      • Vehicle control
        • Brake control
          • ABS
          • Brake pressure
          • Brake position
          • Others
        • Steering control
          • Steering position
          • Steering effort
          • Power-assisted steering
          • Others
        • Tire and wheel control
          • Tire pressure
          • Wheel speed
          • Wheel torque
          • Others
        • Suspension control
          • Active suspension
          • Yaw rate
          • Suspension pressure
          • Others
        • Others
          • Hybrid and electric vehicles
          • Flex-fuel vehicles
          • Fuel cell vehicles
          • Semi-autonomous vehicles
          • Other alternative fuel vehicles
• Based on End User, the Global Automotive Sensors market is segmented into
  • Passenger Cars
    • Standard cars
    • Hybrid vehicles
    • Alternative fuel vehicles
    • Electric cars
    • Luxury cars
  • Commercial Vehicles
    • Buses, minibuses and coaches
    • Light commercial vehicles
    • Heavy commercial vehicles
    • Self-driving/autonomous commercial vehicles
  • Specialized Vehicles
    • Autonomous passenger vehicles
    • Semi-autonomous vehicles
    • Racing cars
• Based on Geography, the Global Automotive Sensors market is segmented into
  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

All market revenue has been given in US Dollar.

Historical Year: 2020-2021
Base Year: 2022
Estimated: 2023
Forecast- 2024-2030

Key Questions this Study will Answer

• What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Market Size-By Volume, Forecast Numbers, Market Segmentation, Market Shares) of Global Automotive Sensors Market?
• What is the region wise industry size, growth drivers and challenges key market trends?
• What are the key innovations, opportunities, current and future trends and regulations in the Global Automotive Sensors Market?
• Who are the key competitors, what are their key strength and weakness and how they perform in Global Automotive Sensors Market based on competitive benchmarking matrix?
• What are the key results derived from the market surveys conducted during Global Automotive Sensors Market study?