Automotive Sensors Market Analysis

  • Report ID: 274
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Automotive Sensors Market Analysis

The global automotive sensors market is segmented and analyzed for demand and supply by vehicle type into passenger cars, light motor vehicle (LMV), and heavy motor vehicle (HMV). Among these segments, the passenger cars segment is anticipated to capture the largest market size in the global market owing to the high demand for automobiles worldwide and the increasing production rate of passenger cars. With the implementation of stringent regulations mandating automotive sensors in vehicles, sensor installation demand is expected to increase exponentially in passenger cars. Using automotive sensors in passenger cars enhances car performance, improves vehicle safety, and reduces vehicles' carbon emissions. Moreover, the rising purchasing power of consumers along with the escalating production of passenger cars worldwide is expected to drive segment growth during the forecast period. For instance, the global production of passenger cars accounted for nearly 55 million in 2021. In addition, a total of approximately 3,650,000 passenger vehicles were manufactured in India during the year 2021-22. 

Our in-depth analysis of the global market includes the following segments

By Sensor Type

  • Position Sensors
  • Safety Sensors
  • Level Sensors
  • Oxygen Sensors
  • MEMS Sensors
  • Gas Sensors

By Vehicle Type

  • Passenger Cars
  • Light Motor Vehicle (LMV)
  • Heavy Motor Vehicle (HMV)

By Application

  • Powertrain
  • Chassis
  • Body Electronics
  • Safety & Security
  • Telematics

 

By Sales Channel

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket
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Browse Key Market Insights with Data Illustration:


Author Credits:  Saima Khursheed


  • Report ID: 274
  • Published Date: Sep 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of automotive sensors is estimated at USD 34.02 billion.

Automotive Sensors Market size was valued at USD 30.29 billion in 2023 and is likely to reach USD 194.97 billion by 2036, expanding at around 15.4% CAGR during the forecast period i.e., between 2024-2036. Rising adoption of electric vehicles, rapid sales of luxury cars along with rising demand for self-driving cars and autopilot technology will impel the market growth.

Asia Pacific is set to hold largest revenue share by 2036, backed by rapid industrialization, and rising per capita income.

The major players in the market are Avago Technologies, Delphi Automotive LLP, Casco Automotive Groups, Allegro MicroSystems, Inc, CTS Corporation, Infineon Technologies AG, GE Measurement & Control Solutions, Analog Devices Inc., and others.
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