Automotive Sensors Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Explore actionable market insights from the following data in our ‘Automotive Sensors Market’ report:
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions – Asia-Pacific, Europe, North America, South America, and MEA – highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
How is the ‘Automotive Sensors Market’ report different from other reports in the market?
Businesses need to have a deeper understanding of the market dynamics to gain a competitive edge in the coming decade. Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
We recommend this valuable source of information to anyone involved in:
- Vehicle Manufacturing
- Auto Component Manufacturing
- Intelligent Transportation Systems Companies
- Technology and Automation Companies
- Technology Leaders and Startups
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC firms
- M&A/Investment, Management Consultants, and Consulting Firms
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Automotive Sensors Market Overview
The automotive sensors market size is estimated to be 9,105.7 million units in 2023. The market is expected to register a CAGR of more than 1% during 2023-2028. Automakers are looking to enhance their sensor technology for self-driving cars and reassure customers of its safety thereby driving the market positively. Simple automation from the past, like power windows or automatic transmission, has given way to advanced driving assistance systems (ADAS), such as lane departure warning and, in some cases, steering intervention, radar cruise control that can handle completely stopped traffic, and others.
Moreover, development in software technology especially in the case of ADAS is becoming more competitive in the sector as numerous sensors, ECUs, and actuators are present in EVs and autonomous vehicles.
Automotive Sensors Market Outlook 2023-2028 (Million Units)
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The automotive sensors market research report offers a comprehensive analysis of the trends & drivers, technological developments, PESTER outlook, sector forecast, and competitive landscape. The report brings together multiple data sources to provide a detailed overview of the global sensors sector during the projected period.
|Market Size (2023)||9,105.7 Million Units|
|Key Sectors||· Safety and Body Control
· Powertrain & Emission Control
· Interior Technologies
|Key Regions||· Asia-Pacific
· North America
· South America
· The MEA
|Key Companies||· Continental
· ZF TRW
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Automotive Sensors Market – Technologies and Innovations
Key developments have been observed in driver assistance systems where major suppliers are partnering with software technology companies to bring forward a better driver assistance system that can reduce road accidents and protect the passengers inside the vehicle. Safety is one of the key concerns buyers are looking for as more vehicles are equipped with autonomous components such as sensors, cameras, and ECUs.
EyeSight’s solutions: Driver Sense DMS (Driver monitoring system) by Eyesight Technologies (now Cipia) uses AI and computer vision to monitor the driver for indicators of attention and sleepiness while driving, helping to create a safer driving environment. The company keeps a watch on critical indicators like gaze vectors, blink rate, and eye openness to look out for potentially harmful scenarios. It also can accurately monitor the driver while a facemask is worn, correctly use seat belts, and detect smoking.
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Automotive Sensors Market Segmentation by Sectors
In 2023, the safety and body control sector garnered the largest share of the automotive sensors market
The key sectors in the automotive sensors market are safety and body control, powertrain & emission control, interior technologies, ESC, and others. The safety and body control sector is followed by powertrain & emission control sensors.
Automotive Sensors Market Analysis by Sectors, 2023 (%)
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Automotive Sensors Market Segmentation by Region
Asia-Pacific will lead the global sensors market in 2023
The key regions in the automotive sensors market are Asia-Pacific, Europe, North America, South America, and MEA. APAC is followed by Europe. Factors such as the increasing demand for technologically advanced vehicles, strict emission regulations, and the rise of electric and autonomous vehicles are driving the market in APAC.
Asia Pacific is a key market for automotive sensors, with countries such as China, Japan, and South Korea leading the way. These countries have a strong automotive industry and are investing heavily in research and development of sensor technologies. The demand for safety sensors, such as those used in advanced driver assistance systems (ADAS) is on the rise in the region. These sensors help in improving vehicle safety and reduce accidents.
Automotive Sensors Market Analysis by Region, 2023 (%)
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Sensing Cameras – Competitive Landscape
Continental dominated the sensing cameras market in 2021.
The top companies operating in the sensing cameras market are:
- ZF TRW
Continental: Headquartered in Hanover, Germany, Continental has its operations spread across 12 countries worldwide. The new Platform AHD (Analog High Definition) Camera Systems from Continental are intended to enhance driver visibility and boost fleet productivity. Continental also provides autonomous solutions like its rearview camera system – RVS3XX and Surround View Camera – SVC210 that increase the driver’s field of vision, support trailer functions, and detect additional information for fusion with other parking systems.
Sensing Cameras Market Analysis by Companies, 2021 (%)
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Key Segments Covered in this Report
Automotive Sensors Market Sector Outlook (Volume, Million Units, 2018-2028)
- Safety and body control
- Powertrain & emission
- Interior Technologies
Automotive Sensors Market Regional Outlook (Volume, Million Units, 2018-2028)
- North America
- South America
Table of Contents
- 1. Executive Summary
- 2. Part 1: Main Trends and Drivers
- 2.1. Trends
- 2.2. Drivers
- 3. Part 2: Technologies and Innovations
- 4. Part 3: PESTER Analysis
- 5. Part 4: Sector Forecast
- 5.1. Sector Forecast – Global Sensors Volumes
- 5.2. Sensors – ABS & ACC – Global Volume
- 5.3. Sensors – ADAS & Crash – Global Volume
- 5.4. Sensors – ESC & GDI – Global Volume
- 5.5. Sensors – LDW & Parking Assistance
- 5.6. Sensors – Powertrain and Emission Control & Safety and Body Control – Global Volume
- 5.7. Sensors – Interior Technologies
- 5.8. Asia-Pacific Market Growth Analysis
- 5.9. European Market Growth Analysis
- 5.10. North American Market Growth Analysis
- 5.11. South American Market Growth Analysis
- 5.12. MEA Market Growth Analysis
- 6. Part 5: Latest Developments
- 7. Part 6: Key Companies
- 8. Part 7: Patent analysis
- 9. Part 8: Appendix
Frequently asked questions
What will be the automotive sensors market size in 2023?
The automotive sensors market size is estimated to be 9,105.7 million units in 2023.
What will be the growth rate of the automotive sensors market during 2023-2028?
The automotive sensors market is expected to register a CAGR of more than 1% during 2023-2028.
Which was the leading sector of the automotive sensors market in 2023?
In 2023, the safety and body control sector garnered the largest share of the automotive sensors market.
Which is the region garnering the highest automotive sensors market share?
Asia-Pacific leads the automotive sensors market with China being the largest market in the region.
Who are the leading sensing cameras market players?
The top companies operating in the sensing cameras market are Continental, Magna, Gentex, ZF TRW, and Bosch among others.
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