Automotive Sensor Market By Sensor Type (Temperature automotive sensors, Position and speed automotive sensors, Pressure and gas automotive sensors, Mass airflow and inertial automotive sensors, Torque and viscosity automotive sensors); By Vehicle Type (Commercial Vehicles (LCV (Light commercial vehicles), HCV (Heavy commercial vehicles)), Passenger Cars); By Applications (Vehicle Safety & Security, Powertrain Systems, Chassis, Telematics Systems, Exhaust Systems, Emission Control); By Geography, Segment revenue estimation, Forecast: 2021-2030.

Industry Report and Statistics

The global automotive sensor market will witness a robust CAGR of 13.6%, valued at $23.3 Billion in 2021, and expected to appreciate and reach $26.46 Billion in 2022 and $74.42 Billion by 2030, confirms Strategic Market Research.

 

Car sensors are electrical devices that analyze various aspects of the vehicle and transmit data to the driver or E.C.U. (Electronic-Control-Unit). Car sensors check incoming air temperature, wheel speed, fuel-air mixture, and manifold pressure. Different types of sensors that can be found in the vehicle are the Idle Air control valve (I.A.C.), Intake air temperature sensor (I.A.T.), Manifold absolute pressure sensor (M.A.P.), O2 Sensor, Anti-Lock Brake Systems (A.B.S.), Crank Position Sensor. The majority of the demand for sensors comes from mature and established applications like engine emissions control, airbags, and anti-locking braking systems. Automobile sensors play a pivotal role in light commercial vehicles, passenger vehicles, heavy-duty vehicles, and busses, as well as specialized cars like race cars, autonomous cars, and semi- automated cars. With the advent of ADAS and Autonomous Driving (A.D.), the rise of sensors like Lidar, radar, image, and ultrasonic is increasing significantly. Sensors help safeguard drivers and passengers by monitoring vehicle engines, fuel use, and pollution. These enable automakers to introduce vehicles that are more secure, fuel-efficient, & comfortable to drive. 

Automotive sensors that are integrated with Internet connectivity have increased driving safety and propelled the growth of the automotive sector. The debut of innovative vehicle technologies such as self-driving cars and the rising global automobile sales are the main drivers of the automotive sensor's market development. As environmental regulations, airbag technology, comfort aspects, and electronic stability programs progress, there is an increasing demand for sensors in this industry. As per S.M.R., it has been figured out that a car's engine alone includes 15 to 30 sensors that monitor every aspect of the engine. A car may have approximately 70 sensors in total, which track a variety of functions.

As more advanced data processing devices are needed to make autonomous decisions, the transition to self-driving cars might greatly expand the market for automotive sensors. Google, for instance, uses quad-core P.C.s in its self-driving cars, which process 1.3 Mn laser readings & makes 20 decisions each second. Increasingly intelligent sensors are needed if computers are to be given control over driving.

All of the aforesaid statements and factors are anticipated to augment the market growth excessively worldwide

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Market Dynamics:-

Drivers: - (Surge in the adoption rate of autonomous vehicles and the advent of the ADAS - Advanced Driver Assistant Systems, Stringent Government Regulations)

• The increased adoption of ADAS and A.D. systems is the primary reason that leads to the proliferated demand for the automotive sensors. Sensors that are installed in the ADAS and AD systems include position sensors, speed sensors, image sensors, and temperature sensors that contribute to the overall growth of the automotive sensors market. Other sensors, such as powertrain sensors, body sensors, and chassis sensors, also play a pivotal role in boosting the growth of the automotive sensors market. Powertrain sensors play a vital role in the effective engine operation, alternator and transmission system. The chassis sensor monitors some of the key functions, such as steering, braking, and suspension. A myriad number of sensors are used in ADAS/AD systems, power steering, and braking systems of SAE AV level 3 vehicles. Body sensors measure the performance and condition of the vehicle on various factors. Body sensors capture and deliver information with respect to seat occupancy, roof/door closure, and the amount of rainfall/ sunlight and can successfully trigger alerts & perform some of the basic functions. Therefore autonomous vehicles which are deployed with a large number of sensors can lessen the stress on the driver and thereby increase their productivity. Therefore the increased adoption of autonomous vehicles is propelling the overall growth of the automotive sensors market. As per S.M.R., in 2021, passenger vehicle sales in North America were close to 16 million units, with 90% of those vehicles coming with some sort of ADAS. Also, more than 14.71 million ADAS-equipped cars were sold in the APAC region in 2021.  
• Due to stringent regulations of government for automobile emissions and safety, the overall demand for automotive sensors is rising significantly. The government regulations leads to an increasing demand for automotive sensors in applications like Tire pressure monitoring system (TPMS), Electronic Stability Control (E.S.C.) system, occupant detection, as well as ADAS. 

 

Restraints:- (Bad weather conditions poised to limit the functionality of the Automotive Sensor, higher cost of LIDAR sensors, etc.)

• Most of the current sensors have reduced measuring range and signal bandwidth which makes it even more daunting to differentiate between system signals and noise, like road obstacles. On the other hand, tracking the things that are in motion is even more daunting in adverse weather conditions like rain and blizzards. As a result of which, these factors are expected to diminish the growth rate of the automotive sensor market.

 

• Moreover, automotive sensors (especially LIDAR sensors) are too expensive, which makes it difficult to afford for common people, thereby plummeting the market expedition. LIDAR sensors are far more costly compared to radar sensors used in A.V.s because rare earth metals are required to produce them. While the top LIDAR sensor used by Google and Uber can cost up to $80,000, the systems needed for autonomous driving can also range well over $10,000. Another issue is that snow and fog may obscure LIDAR sensors, thereby making it difficult for it to detect any sort of thing on the road.
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Opportunities: - (Growing demand for sophisticated infotainment systems, rise in demand for rear view sensors, and a surge in need for IMU devices of MEMS sensors}

• Vehicles are being equipped with the newest infotainment features & trends at an exponential rate. Reconfigurable instrument clusters, center consoles, and passenger entertainment are just a few of the sophisticated infotainment systems seen in a standard car nowadays. In addition, display quality is improving as a result of larger screens with higher brightness levels and finer resolutions. Customers are expecting visually appealing touch surface designs in cars, which has led to the development of extra integrated circuits (I.C.s) such as inductance-to-digital converters or L.D.C. sensors which enable the "force touch" feature on surfaces other than screens with the ability to detect the amount of applied force, and can therefore lead to extensive opportunities for market expansion in future.

• Apart from the infotainment systems, the demand for rear-view sensors for safety measures in autonomous vehicles has also surged extensively. While reverse gearing, impediments can be detected using rear view sensors. With the help of these sensors, we can avoid colliding with things located behind our vehicles. When vehicles are poised to hit something, parking sensors alert them with an auditory and visual alarm. As per S.M.R., it has been figured out that the accuracy of these rear parking sensors can range somewhere between 85 to 90 %, and they have a visual range that covers upto 8 feet.

• Furthermore, a steep surge in demand for IMU sensors in MEMS (micro-electromechanical systems) can cater to ample opportunities for market expansion as time progresses. The IMU sensor is the most complicated MEMS component that is installed inside a car. This sort of IMU is regarded as a system-in-package (SiP) that combines numerous gyroscope & accelerometer sensing elements with an application-specific integrated circuit (ASIC) for signal processing to create an inertial sensor that can quantify up to 6 degrees of freedom (6DoF), and can also facilitate the lateral, longitudinal, as well as vertical acceleration for linear movements of the vehicle.

 

Automotive Sensor Market Report Coverage

Report Attribute	Details
Forecast Period	2021-2030
The market size value in 2021	$23.3 Billion
The revenue forecast in 2030	$74.42 Billion
Growth rate	13.6%
The base year for estimation	2021
Historical data	2017-2020
Unit	USD Billion, CAGR (2021 - 2030)
Segmentation	By Sensor Type, By Vehicle Type, By Applications, By Region
Based on Sensor Type	Temperature automotive sensors, Position and speed automotive sensors, Pressure and gas automotive sensors, Mass airflow and inertial automotive sensors, Torque and viscosity automotive sensors
Based on Vehicle Type	Commercial Vehicles (LCV (Light commercial vehicles), HCV (Heavy commercial vehicles)
Based on Applications	Vehicle Safety & Security, Powertrain Systems, Chassis, Telematics Systems, Exhaust Systems, Emission Control
Based on Region	U.S, Mexico, Canada and Rest of North America
Country Scope	U.S., Canada, France, Germany, U.K., China, Japan, India, South Korea, Mexico, Brazil, U.A.E. etc.
Company Usability Profiles	AUTOLIV INC, Robert Bosch, Valeo, DENSO Corporation, Sensata Technologies, Continental AG, STMicroelectronics N.V., Delphi Automotive Company, Infineon Technologies AG, NXP Semiconductor.

 

Market Segmentation:-

The Automotive sensor market is ramified based on Sensor Type, Vehicle Type, Application, and Region.

Sensor Type:-

• Temperature automotive sensors
• Position and speed automotive sensors
• Pressure and gas automotive sensors
• Mass airflow and inertial automotive sensors
• Torque and viscosity automotive sensors

 

Vehicle Type:-

• Commercial Vehicles
  • LCV (Light commercial vehicles)
  • HCV (Heavy commercial vehicles)
• Passenger Cars

 

Applications:

• Vehicle Safety & Security
• Powertrain Systems
• Chassis
• Telematics Systems
• Exhaust Systems
• Emission Control

 

Region Analysis:-

• North America
  • U.S.A.
  • Mexico
  • Canada
• Europe
  • U.K.
  • Spain
  • France
  • Germany
  • Russia
  • Suomi
  • Rest of europe
• Asia Pacific
  • China
  • South korea
  • India
  • Australia
  • Japan
  • Rest of Asia Pacific
• Rest of the World:

• Middle East
• Africa
• Latina America

 

 

For the Sensor Type section, the Temperature Automotive Sensors segment was the market leader in 2021, with a share of around 38.94%. The temperature sensor is crucial in ensuring that our car's engine operates within the ideal temperature range and that it doesn't operate above the alert level, thereby enhancing market prosperity. Moreover, temperature sensors should be used between -40° C and 150° C since they are the ideal conditions for the best automotive performance. There are many types of temperature sensors utilized, including thermistors, resistive temperature detectors, and silicon-based integrated circuit (I.C.) chips. High precision, longevity, stability, and linearity are all features of Si-based temperature sensing I.C. chips that operate between -55° C and 150° C. These digital sensors include a temperature sensor with a transistor at its core, as well as registers for measuring I.C. functions, an analog-to-digital converter, and digital interface circuits. These sensors either produce digital voltage or current as their output, and the transistor's emitter-base voltage varies with temperature. For example, RTD (Resistance Temperature Detector) is the most commonly used temperature sensor in automotive vehicles. The P.R.T., or platinum resistance thermometer, whose practical functioning range is -250 to 850 °C, is the most popular form of RTD. RTDs vary in accuracy between 0.03 & 0.3 °C depending on their type.

For Vehicle Type, the Passenger Car segment held the lion's share of 84.44% and will continue the era of its dominance for a long duration in the future. The usage of automotive sensors in Passenger Cars reduces carbon emissions, increases safety, and helps in the improvisation of its performance efficacy, thereby spearheading the market growth worldwide.

 

For Application, the Powertrain Systems segment spearheaded the market with almost 28.76% share in 2021. All of the information required for engine management and gearbox control in automobiles is provided via the sensors installed in Powertrain Systems. These sensors deliver pertinent measurement data to the electronic control units, such as the measurements of the air mass, pressure, and speed, to make sure the driving functions in the car are always set to perfection.

 

Asia Pacific region comprehensively led the market with a decent share of 50.16% in terms of geography. Rising levels of consumer disposable income and easily accessible, inexpensive labor to install automotive sensors are driving the APAC market growth. The government's initiative to increase the installation rate of automotive sensors in cars for driving safety is also anticipated to help the market expand. The Indian Ministry of Road Transport has made it a necessary requirement that all vehicles driving at speeds greater than 80 km/h must have airbag sensors, seat belt reminders, alarm systems, & reverse parking sensors installed. Additionally, as of July 1, 2019, all vehicles produced after that date must have a manual override for the central locking system in case an electronic system fails.

Europe held the fastest growth rate in the market in 2021. During the forecast period, the European Passenger Cars Sensors Market will expand at a CAGR of 9.3%. This is due to the advent of numerous European start-ups. For instance, High-end automotive sensor system solutions are developed by the Norwegian start-up organization TracSense. The company uses optical sensors mounted on cars to monitor road friction every 50 milliseconds. Further, the organization is planning to expedite the performance efficacy of its optical sensors in the future for adequately monitoring road frictions.

 

 

A 360-degree Analysis of Automotive Sensor Market Competitive Landscape:-

The study includes a complete competitive landscape analysis based on a close evaluation of the important strategic decisions made by the top industry participants over the preceding few years.

The following are the top companies in the Automotive Sensors market:

• AUTOLIV INC
• Robert Bosch
• Valeo
• DENSO Corporation
• Sensata Technologies
• Continental AG
• STMicroelectronics N.V.
• Delphi Automotive Company
• Infineon Technologies AG
• NXP Semiconductor

 

Recent Developments:-

• On September 2022, STMicroelectronics unveiled a new hybrid sensor for complete interior vehicle monitoring in automotive vehicles as part of their highly innovative in-car comfort and safety system. The 2nd-generation 3D-stacked B.S.I. / back-side illuminated (B.S.I.) wafer technology used by S.T. in the new vehicle image sensor optimizes the optical area and on-chip processing in vehicles. This reduces the requirement for an external co-processor and enables the sensor to execute complex algorithms adequately for the best performance in NIR (near infrared) imaging of automotive vehicles. 

 

• On July 2022, in order to achieve a higher level of autonomous driving, Valeo equipped both its passenger and commercial vehicles with its ground-breaking SCALA LiDAR sensor produced at its factory in Wemding, Germany. Since the first ultrasonic sensors with parking assistance were developed, Valeo Wemding has been a leader in the development of driving aid sensors. The factory has created more than 500 million of these sensors till date. This organization has made a variety of other types of car sensors over the years, but nowadays, it mostly produces front cameras, domain controllers, and LiDAR sensors.

 

• On May 2022, Continental AG announced the addition of two additional sensors to its line-up of automotive sensors for autonomous vehicles: the Current Sensor Module and the Battery Impact Detection/B.I.D. system. Maintaining battery parameters or protecting the battery is highly prioritized in both of the new technologies. These compact modular sensor designs are capable of simultaneously measuring current and temperature in autonomous vehicles. Up to this point, these car sensors have shown to be highly effective, with an accuracy range of roughly 90%.

 

Automotive Sensors developed by some key organizations:-

Sensor	Function	Organization
SCALA LiDAR sensor	Helps to achieve a higher level of autonomous driving.	Valeo
Current Sensor Module and the Battery Impact Detection/BID system	Capable of simultaneously measuring current and temperature in the autonomous vehicles	Continental AG
Infineon XENSIV sensors	Offers sensor solutions for audio applications and airflow measurement in autonomous vehicles	Infineon Technologies AG