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Automotive Sensors: Global Strategic Business Report

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    Report

  • 298 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 834987

Global Automotive Sensors Market to Reach $107.1 Billion by 2030

The global market for Automotive Sensors estimated at US$28.8 Billion in the year 2022, is projected to reach a revised size of US$107.1 Billion by 2030, growing at a CAGR of 17.8% over the analysis period 2022-2030. Powertrain Systems, one of the segments analyzed in the report, is projected to record 18.7% CAGR and reach US$28.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Chassis segment is readjusted to a revised 16.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 23.4% CAGR

The Automotive Sensors market in the U.S. is estimated at US$7.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26 Billion by the year 2030 trailing a CAGR of 23.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 15.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.

Select Competitors (Total 92 Featured) -

  • Allegro MicroSystems LLC
  • Analog Devices, Inc.
  • Bourns, Inc.
  • Continental AG
  • CTS Corporation
  • Delphi Technologies
  • Denso Corporation
  • Hella KGaA Hueck & Co.
  • Hitachi Automotive Systems, Ltd.
  • Infineon Technologies AG
  • Kistler Group
  • Melexis NV
  • Micralyne, Inc.
  • NGK Spark Plugs (U.S.A.), Inc.
  • Novotechnik
  • NXP Semiconductors N.V.
  • Omron Corporation
  • OSRAM Opto Semiconductors GmbH
  • Robert Bosch GmbH
  • Sensata Technologies
  • SSI Technologies, Inc.
  • TDK-Micronas GmbH
  • TT Electronics Plc
  • Valeo S.A.
  • ZF Friedrichshafen AG

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Automotive Sensors

What is the estimated value of the Global Market for Automotive Sensors?

The Global Market for Automotive Sensors was estimated to be valued at $25.3 Billion in 2020.

What is the growth rate of the Global Market for Automotive Sensors?

The growth rate of the Global Market for Automotive Sensors is 15.1%, with an estimated value of $67.8 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Sensors?

The Global Market for Automotive Sensors is estimated to be worth $67.8 Billion by 2027.

Who are the key companies in the Global Market for Automotive Sensors?

Key companies in the Global Market for Automotive Sensors include Allegro MicroSystems LLC, Analog Devices, Inc., Bourns, Inc., Continental AG, CTS Corporation, Delphi Technologies, Denso Corporation, Hella KGaA Hueck & Co., Hitachi Automotive Systems, Ltd. and Infineon Technologies AG.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • The Changing Face of the Automotive Industry: A Prelude
  • Recent Market Activity
  • Advancements in Vehicular Technology
  • Automotive Sensors - A Market Overview
  • Major Application Areas for Automotive Sensors
  • Automotive Steering Sensors Market: An Overview
  • Collision Avoidance Sensors Market - An Overview
  • Automotive Pressure Sensors - An Insight
  • Automotive Temperature Sensors - An Overview
  • Sensors for Self-Driving Vehicles
  • A Review of Long-Standing Demand Drivers for Automotive Sensors
  • Global Automotive Production Trends
  • Global Economic Conditions
  • Growth in Number of Electronic Components per Vehicle
  • Impact of Exogenous Factors
  • Middle Class Population: An Indirect Growth Driver for Automotive Sensors
  • Relatively Stable Economic Scenario to Extend Growth Opportunities
  • Outlook
  • Automotive Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
  • Allegro MicroSystems LLC (USA)
  • Analog Devices, Inc. (USA)
  • Bourns, Inc. (USA)
  • CASCO (Germany)
  • Continental AG (Germany)
  • CTS Corporation (USA)
  • Delphi Technologies (USA)
  • Denso Corporation (Japan)
  • Hella KGaA Hueck & Co. (Germany)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • Infineon Technologies AG (Germany)
  • Kistler Group (Switzerland)
  • Melexis NV (Belgium)
  • Micralyne, Inc. (USA)
  • NGK Spark Plugs (U.S.A.), Inc. (USA)
  • Novotechnik U.S., Inc. (USA)
  • NXP Semiconductors N.V. (The Netherlands)
  • Omron Corporation (Japan)
  • OSRAM Opto Semiconductors GmbH (Germany)
  • Robert Bosch GmbH (Germany)
  • Sensata Technologies (USA)
  • SSI Technologies, Inc. (USA)
  • TDK-Micronas GmbH (Germany)
  • TT Electronics Plc (UK)
  • Valeo S.A. (France)
  • ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Government Initiatives and Technologies Making Roads Safer
  • Sensor Manufacturing Continues to Move to Low Cost Countries
  • Miniaturization Ruling the Roost in the Automotive Sensors Market
  • Automotives Propel CMOS Image Sensors
  • Sensor Innovations to Transform Automotive Sector
  • Significance of Automotive Sensors
  • R&D and Innovation
  • Emerging Trends in Automotive Position Sensor Market
  • Growth Factors
  • MEMS Sensors Market - Making Rapid Inroads into the Automotive Market
  • Dynamics of the Automotive MEMS Sensor Market
  • Hall Effect ICs Dominate the Automotive Magnetic Sensor Market
  • Rise in Vehicle Sales & Production to Sustain Demand for Automotive Sensors
  • Basic Products - the Choice in Developing Markets
  • Developed Markets Continue to Lap up Advanced Sensor Technologies
  • Sensors Designed for Powertrain Applications - Traditional Revenue Contributors
  • Increasing Use of On-Board Vehicle Health Monitoring & Diagnostic Systems Drives Growth
  • ESC & ABS Become Standard - Drive Demand for Sensors in Chassis Applications
  • TPMS Grows in Prominence - Drives Demand for TPMS Sensors
  • Safety Technologies on the Rise - Boost Demand for Automotive Sensors
  • Use of Sensors in Futuristic Smart Safety Systems
  • Airbags - A Key Safety Application Area
  • Opportunity Indicators
  • Growing Adoption of Adaptive Cruise Control Systems Augurs Well for the Market
  • Automotive OEMs Continue to Evince in ADAS Integration
  • Radar Based ADAS Systems Remain Reliable & Accurate Option
  • Image Based Sensors - The Cost Effective Option
  • Growing Incorporation of Vehicle Security Applications to Boost Demand for Automotive Sensors
  • Growing Demand for Comfort & Convenience to Boost Robust Demand for Sensors in Body Electronics Segment
  • Intelligent Wiper Systems to Drive Demand for Sensors
  • Opportunity Indicator
  • Intelligent Headlights Rise in Popularity - To Boost Demand for Sensors
  • Fuel Efficiency & Emission Control Drive Demand for Automotive Sensors
  • Regulatory Mandates Fuel Growth in Automotive Sensors Market
  • Favorable Government Regulatory Support Benefits Market Growth for ADAS
  • OEM Focus on Product Differentiation Drives Demand for Automotive Sensors
  • Innovative Powertrain & Transmission Technologies Offer Lucrative Opportunities
  • Automotive Haptics Offer Opportunities for Automotive Sensors
  • Thrust towards Autonomous & Semi-Autonomous Automobiles to Fuel Growth
  • Cost Effective Sensors to Encourage Commercialization of Autonomous Vehicles
  • Integrated Systems Fast Gaining Prominence
  • Sensor Fusion Becomes Order of The Day for Modern Automotive Platforms
  • Modularization Gains Prominence among Sensor Manufacturers
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Chassis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Chassis by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Chassis by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Automotive Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 5: World Historic Review for Automotive Sensors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 6: World 16-Year Perspective for Automotive Sensors by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Powertrain Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 8: World Historic Review for Powertrain Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 9: World 16-Year Perspective for Powertrain Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Exhaust Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 11: World Historic Review for Exhaust Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 12: World 16-Year Perspective for Exhaust Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Safety & Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: World Historic Review for Safety & Control Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: World 16-Year Perspective for Safety & Control Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Vehicle Body Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 17: World Historic Review for Vehicle Body Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 18: World 16-Year Perspective for Vehicle Body Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 21: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 23: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 24: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for LCVs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 26: World Historic Review for LCVs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 27: World 16-Year Perspective for LCVs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for HCVs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 29: World Historic Review for HCVs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 30: World 16-Year Perspective for HCVs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • Table 31: World Automotive Sensors Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
CANADA
JAPAN
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
CHINA
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
EUROPE
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
FRANCE
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
GERMANY
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
ITALY
UNITED KINGDOM
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
AUSTRALIA
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Automotive Sensors Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Allegro MicroSystems LLC
  • Analog Devices, Inc.
  • Bourns, Inc.
  • Continental AG
  • CTS Corporation
  • Delphi Technologies
  • Denso Corporation
  • Hella KGaA Hueck & Co.
  • Hitachi Automotive Systems, Ltd.
  • Infineon Technologies AG
  • Kistler Group
  • Melexis NV
  • Micralyne, Inc.
  • NGK Spark Plugs (U.S.A.), Inc.
  • Novotechnik
  • NXP Semiconductors N.V.
  • Omron Corporation
  • OSRAM Opto Semiconductors GmbH
  • Robert Bosch GmbH
  • Sensata Technologies
  • SSI Technologies, Inc.
  • TDK-Micronas GmbH
  • TT Electronics Plc
  • Valeo S.A.
  • ZF Friedrichshafen AG