What is the Projected Market Size And Growth Rate of the Global Automotive Sensors Market?
The automotive sensors market size has grown rapidly in recent years. Expanding from $31.94 billion in 2024 to an estimated $36.06 billion in 2025, it features a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to regulatory mandates, rise in passenger car sales, economic growth, and government support.
The automotive sensors market size is expected to see swift expansion in the coming years. Propelled by increasing emphasis on vehicle safety, rising vehicle sales, the advent of connected vehicles, mounting urbanization, and a rise in disposable income. It is predicted to reach $59.05 billion in 2029 at a CAGR of 13.1%. Major trends in the forecast period include advancements in lidar technology, in-cabin sensing, 5G connectivity, solid-state sensors, and sensor fusion.
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What is Driving the Growth of the Automotive Sensors Market?
One crucial growth driver for the automotive sensors market is the rising adoption of autonomous vehicles. These vehicles, equipped with automotive sensors, operate and perform necessary functions without human intervention. This has not only reduced the stress on drivers but also notably improved vehicle productivity. According to a report published by the Insurance Institute for Highway Safety, there will be 3.5 million self-driving automobiles on American highways by 2025 and 4.5 million by 2030. Additionally, the anticipated economic and social impact of connected and autonomous vehicles in the UK is predicted to be around £51 ($66.79) billion annually by 2030. Hence, the rising adoption of autonomous vehicles plays a pivotal part in the growth of the automotive sensors market.
Which Are the Major Segments in the Automotive Sensors Market?
1) By Type: Temperature Sensors, Pressure Sensors, Speed Sensors, Level/Position Sensors, Magnetic Sensors, Gas Sensors, Inertial Sensors
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Technology: Nano-Electro-Mechanical Systems, Micro-Electro-Mechanical Systems
4) By Application Type: Powertrain, Chassis, Exhaust, ADAS, Other Applications
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Who Are the Main Players in the Automotive Sensors Market?
Key players operating in the automotive sensors market include Robert Bosch GmbH, Continental AG, DENSO Corporation, Infineon Technologies AG, Sensata Technologies, Analog Devices Inc. Aptiv plc, NXP Semiconductors N.V., STMicroelectronics N.V., CTS Corporation, Texas Instruments Incorporated, TE Connectivity Ltd, ZF Friedrichshafen, Magna International, Melexis N.V., ON Semiconductor, Amphenol Advanced Sensors, Velodyne Lidar Inc., Quanergy Systems Inc., Innoviz Technologies Ltd., Broadcom Inc., Bosch Sensortec GmbH, Bourns Inc., Delphi Technologies, Vishay Intertechnology Inc., BorgWarner Inc., Maxim Integrated, Littelfuse Inc., Htachi Automotive Systems Americas Inc., OmniVision Technologies Inc., Autoliv Inc., Valeo Group.
What Are the Emerging Trends in the Automotive Sensors Market?
The surge in the use of pressure sensors in the automotive industry is a key trend gaining popularity in the automotive sensor market. Pressure sensors are used for tracking exhaust recirculation, examining critical fluids, finding vapour leakages, triggering airbags faster, and launching pedestrian airbags. For instance, in November 2022, Melexis Microelectronics Engineering Company launched a new series of PCB-less pressure sensor ICs, MLX90824 and MLX90822. These sensors are engineered for high accuracy and long-term stability, maintaining an accuracy of ±0.5%FS throughout their lifespan.
Which Region is the Fastest Growing in the Automotive Sensors Market?
Asia-Pacific was the largest region in the automotive sensors market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive sensors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Automotive Sensors Market Report 2025 Offer?
The automotive sensors are used to detect, transmit, analyse, record, and display information about the vehicle’s internal and external surroundings. They are intelligent sensors that monitor the vehicle’s condition and either provide information to the user or automatically make the necessary changes to the vehicle. Automotive sensors watch over incoming air temperature, fuel-air mixture, manifold pressure, wheel speed, and others.
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