Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Automotive Sensor Market Size Expected to Grow from USD 38.8 Billion in 2023 to USD 121.2 Billion by 2033, at a CAGR of 12.06% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Sensor Market Size, Share, and COVID-19 Impact Analysis, By Sensors (Temperature, Position), By Application (Engine & Drivetrain, Safety & Security, Emission Control), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The automotive sensor market is an industry that focuses on sensors for use in the monitoring and regulation of various vehicle functions, such as engine performance, safety, fuel efficiency, and driver assistance systems. It comprises temperature, pressure, proximity, motion, and LiDAR sensors, among others, that allow advanced features like ADAS, emission control, and autonomous driving in modern vehicles. Moreover, the Automotive Sensor Market is driven by the rising demand for advanced driver-assistance systems (ADAS) and autonomous vehicles, which require high-precision sensors for safety and navigation. Increasing vehicle electrification, stricter government regulations on emissions and safety, and growing adoption of connected cars are key factors fueling growth. In addition, advancements in IoT, AI, and MEMS technology enhance sensor performance and reliability. A significant contributor to the market expansion is also the consumer's preference for fuel-efficient and smart vehicles. However, the growth of the automotive sensor market is encumbered by high costs of development and installation, complexity in integrating sensors, lack of standardization between vendors, concerns over privacy and data security, and issues with severe environmental conditions influencing sensor performance.
The position segment accounted for the largest share of the global automotive sensor market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of sensors, the global automotive sensor market is divided into temperature and position. Among these, the position segment accounted for the largest share of the global automotive sensor market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to their widespread use in automotive systems such as throttle position, crankshaft position, and transmission control. The growing demand for ADAS, driverless vehicles, and electric powertrains accelerates the use of position sensors for precise control and efficiency.
The safety & security segment accounted for a substantial share of the global automotive sensor market in 2023 and is anticipated to grow at a rapid pace during the projected period.
Based on application, the global automotive sensor market is divided into engine & drivetrain, safety & security, and emission control. Among these, the safety & security segment accounted for a substantial share of the global Automotive Sensor market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is driven by the rising adoption of advanced driver assistance systems, airbags, lane departure warning, and collision detection sensors. Increasing government regulations for vehicle safety standards and the growing consumer demand for safer vehicles further fuel this growth.
Asia Pacific is projected to hold the largest share of the global automotive sensor market over the projected timeframe.
Asia Pacific is projected to hold the largest share of the global automotive sensor market over the projected timeframe. Such dominance is facilitated by the high production and sales of automobiles in China, Japan, and India, along with the rapid adoption of electric vehicles and stringent government regulations on the safety and emission of vehicles, thus raising demand for advanced automotive sensors.
North America is expected to grow at the fastest CAGR growth of the global automotive sensor market during the projected timeframe. This is because of the fast-growing adoption of advanced driver-assistance systems (ADAS), strict government regulations on vehicle safety and emissions, and increased investments in electric and autonomous vehicles. Leading automotive manufacturers and sensor technology companies further fortify the market in this region.
Company Profiling
Major vendors in the global Automotive Sensor market are Power Grid Corporation of India Limited (POWERGRID), MYR Group Inc., KEPCO, Hitachi Energy Ltd., Siemens, General Electric Company, Cisco Systems Inc., Schneider Electric SE, ABB, Eaton, and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive sensor market based on the below-mentioned segments:
Global Automotive Sensor Market, By Sensors
Global Automotive Sensor Market, By Application
Global Automotive Sensor Market, By Regional
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