Automotive Sensors Market Trends, Sector Overview and Forecast to 2028

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Published: March 29, 2024 Report Code: GDAUS710324-ST

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Automotive Sensors Market Report Overview

The automotive sensors market size was 9.49 billion units in 2023. The market will grow at a CAGR of less than 1% during 2023-2028. The growing integration of ADAS features in commercial vehicles is driving an increased demand for sensors. In 2023, Asia-Pacific accounted for a significant share of the market.

Automotive Sensors Market Outlook, 2023-2028 (Billion Units)

Automotive Sensors Market Outlook, 2023-2028 (Billion Units)

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The automotive sensors market research report provides a comprehensive overview of the automotive sensors market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives taken by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings in the sector across regions, countries, and top applicants.

Market Size (2023) 9.49 billion units
CAGR (2023-2028) <1%
Historical Period 2018-2022
Forecast Period 2023-2028
Key Regions Asia-Pacific, Europe, North America, South America, and MEA
Key Companies Continental, Magna, ZF TRW, Gentex, and Valeo
Key Sectors Sensors-Safety and Body Control, Sensors-Powertrain & Emission Control, Sensors-Interior Technologies, and Sensors-ESC
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Automotive Sensors Market Trends

Developments in ADAS software are becoming more competitive in the sector as numerous sensors, ECUs, and actuators are present in EVs and autonomous vehicles. It helps incorporate a diverse range of features to monitor driver safety.  Automakers are also researching and developing advanced safety and driver assistance systems to protect the passengers inside the vehicle from collision.

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Automotive Sensors Market Segmentation by Regions

In 2023, Asia-Pacific accounted for the highest share among all the regions

The key regions in the automotive sensors market are Asia-Pacific, Europe, North America, South America, and MEA. Asia Pacific countries, especially China, Japan, and South Korea stand out as a crucial market for automotive sensors due to robust automotive industries and substantial investments in sensor technology research. The region has an increased demand for safety sensors, particularly in advanced driver assistance systems (ADAS), contributing to improved vehicle safety and reduced accidents.

Automotive Sensors Market Analysis by Regions, 2023 (%)

Automotive Sensors Market Analysis by Regions, 2023 (%)

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Automotive Sensors Market - Competitive Landscape

A few of the top companies operating in the market are:

  • Continental
  • Magna
  • ZF TRW
  • Gentex
  • Valeo

The line of vehicle camera systems from Continental has been expanded. The new Platform AHD (Analog High Definition) Camera Systems from Continental are intended to enhance driver visibility and boost fleet productivity.

In July 2023, the Conti Urban bus tire, renowned for its adept handling of urban traffic demands, is evolving into a smart solution. Continental is now equipping the entire tire family with the latest-generation sensors straight from the factory.

Sensing Cameras Market Analysis by Companies

Sensing Cameras Market Analysis by Companies

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Automotive Sensors Market Segmentation by Sectors

The key sectors in the automotive sensors market are sensors-safety and body control, sensors-powertrain & emission control, sensors-interior technologies, sensors-ESC, and others. In 2023, sensors-safety and body control was the dominant sector in the market.

Automotive Sensors Market Analysis by Sectors, 2023 (%)

Automotive Sensors Market Analysis by Sectors, 2023 (%)

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Automotive Sensors Market - Latest Developments

A few of the latest developments in the automotive sensors market are as follows:

  • In 2024, Remsons Industries Ltd., a prominent participant in the Automotive Industry’s Cables & Shifters sector, has revealed a significant deal to obtain a controlling interest in Uni-Automation’s Automotive Sensor Division, a renowned sensor technology company.
  • In 2024, Schaeffler AG (“Schaeffler”) has agreed with BofA Securities Europe S.A. to purchase 3.6 mn shares in Vitesco Technologies Group AG (“Vitesco”), representing a total stake of approximately 9.00 percent in Vitesco.

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Segments Covered in the Report

Automotive Sensors Sector Outlook (Value, Billion Units, 2018-2028)

  • Sensors-Safety and Body Control
  • Sensors-Powertrain & Emission Control
  • Sensors-Interior Technologies
  • Sensors-ESC

Automotive Sensors Regional Outlook (Value, Billion Units, 2018-2028)

  • Asia-Pacific
  • Europe
  • North America
  • South America
  • MEA

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global sensors sector. It includes an analysis of the following: ​

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 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -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.​

Reasons to Buy

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.

Continental
Magna
Gentex
Denso
ZF
Valeo
Bosch.

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

Table

List of Tables

Table 1: Main trends in the Sensors sector

Table 2: Global automotive MEMS supplier market share, 2015, % of volume

Table 3: Market volumes of Level 3 autonomous light vehicles by sensor type, 2016-2036, (‘000s units)

Table 4: Market volumes of Level 4 autonomous light vehicles by sensor type, 2016-2036, (‘000s units)

Table 5: Market volumes of Level 5 autonomous light vehicles by sensor type, 2016-2036, (‘000s units)

Table 6: Market volumes of Level 3-5 autonomous light vehicles by sensor type, 2016-2036, (‘000s units)

Table 7: Market fitment of Level 3-5 autonomous light vehicles by sensor type, 2016-2036, (per cent)

Table 8: Market volumes of sensors used in adaptive cruise control systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 9: Market volumes of sensors used in anti-lock braking systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 10: Market volumes of crash sensors fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 11: Market volumes of sensors used in electronic stability control systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 12: Market volumes of sensors used in gasoline direct injection systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 13: Market volumes of sensors used in lane departure warning systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 14: Market volumes of sensors used in parking assistance systems fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 15: Market volumes of TPMS fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 16: Market volumes of sensors in ADAS technologies fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 17: Market volumes of all sensors fitted to newly-assembled light vehicles, 2016-2036, (000s)

Table 18: Market volumes of sensors in interior technologies fitted to newly-assembled light vehicles, 2012-2032, (‘000s units)

Table 19: Market volumes of sensors in powertrain and emissions control technologies fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

Table 20: Market volumes of sensors in safety and body control technologies fitted to newly-assembled light vehicles, 2016-2036, (‘000s units)

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