Automotive Sensors Market Share
Segmentation Analysis:
Insights by Vehicle Type
The passenger cars segment accounted the largest market share of around 77% in 2023. Manufacturers of passenger cars are adding connectivity elements to various models. Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication are just two of the connection activities that automotive sensors offer. The importance of safety and comfort elements in cars is rising among consumers. Potential automobile customers are drawn to the added safety and convenience that sensor integration for functions like parking assistance, collision avoidance, and driver monitoring provides.
Insights by Propulsion Type
The gasoline segment is expected to reach USD 34.5 billion by 2033. More powerful and efficient engines have been created as a result of ongoing developments in gasoline engine technology. Automotive sensors are essential for improving pollution control, fuel economy, and engine performance. There is a large aftermarket for automotive sensors in gasoline-powered automobiles. Aftermarket sensors are frequently installed on cars by their owners to increase performance, effectiveness, and safety. The market for gasoline is likewise transitioning to hybrid technologies. Due to the combination of gasoline engines and electric motors in hybrid vehicles, sensors that track both ICE and EV components are in high demand.
Insights by Product Type
Position sensor segment is witnessing the fastest market growth over the forecast period 2024 to 2033. The demand for position sensors in the automotive industry is anticipated to increase more as automotive technology develops. Manufacturers are making investments in the creation of position sensors that are more precise, dependable, and affordable in order to fulfill the growing needs of contemporary automobiles, especially those with ADAS and autonomous driving features. The segment's growth in the automotive sensors market is also significantly influenced by the growing use of position sensors in electric vehicles and the ongoing development of autonomous driving technologies.
Insights by Application
The ADAS & safety system segment accounted the largest market share over the forecast period 2024 to 2033. There is an increasing desire for cars with ADAS and safety systems as buyers become more aware of their advantages. The market for sensors in ADAS and safety systems is driven by this development. In new cars across several sectors, ADAS systems are increasingly offered as options or as standard equipment. The demand for sensors supporting ADAS systems is increasing as OEMs include them into their product lines of vehicles.
Get more details on this report -
Competitive Landscape:
Major players in the market
- Robert Bosch
- DENSO Corporation
- AUTOLIV INC
- Continental AG
- Valeo
- Delphi Automotive Company
- Sensata Technologies
- NXP Semiconductor
- STMicroelectronics N.V
- Infineon Technologies AG
Our Clients
Why Choose Us
Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.
Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.
Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.
Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.
Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.
Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.
Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.
Select Licence Type
