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 $24.3 Billion in 2021, and expected to appreciate and reach $27.60 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.

Self-Driving cars are one of the significant drivers for automotive sensors. But automakers have slowly taken a step back from achieving this goal. Argo.AI with Ford has reported a total loss of $800 million on self-driving cars. Similarly, Tesla has also commented on achieving only Level2+ driving assistance instead of L4 and L5. But these setbacks do not hamper automotive sensors’ growth. Recently, more sensors have been added to the vehicle because of safety and comfort. EU has introduced a mandatory range of ADAS to improve road safety. The trend of Li-Dar sensors is growing, but due to high costs, they are replaced by computer vision sensors. Manufacturers like Tesla and Toyota employ this technology for crash detection. Denso has developed an aerial imaging radar technology to demonstrate beamforming and steering radar for autonomous driving. Automotive sensors are attractive to many venture capitals like Intel Capital, Taya Ventures, part of Israel's Taya Media Group, and Baidu Ventures.

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

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Market Dynamics:-

Drivers: The Advent of ADAS- (Advanced Driver Assistant Systems), the increasing sales of EVs, and Strict Government Regulations

• According to SMR, the ADAS market is appreciating by a CAGR of 14.12%, reaching $76 billion by the end of 2030. With the adoption of ADAS as a safety measure, customers, as well as manufacturers, are looking for comfort and convenience as they offer functionalities like effective engine operations with the controlled motor ability of the vehicle, assisted driving, and some comfort features.  These functionalities contribute to the overall growth of the automotive sensor market. Growth in ADAS is driven by the need to improve safety features and reduce the number of road accidents. As per the NHTSA of the USA, 42,948 casualties were reported in 2022, and 16.21% were due to crashes involving two or more vehicles. Thus, adopting automotive sensors can help address the problem with a technologically advanced solution.

• Governments around the globe are stringent about vehicle regulation. According to Corporate Average Fuel Economy (CAFE) standards, all automakers are expected to increase fuel efficiency by 5% by the end of 2025. As a result of such strict regulation, there is an advent rise in electric vehicle adoption and hybrid vehicles, which need sensors to function accurately. These drivers are boosting the automotive sensors market.

 

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

• Sensor monitoring is affected by limited range and bandwidth as a result of which the system fails to distinguish between breakdown and surrounding exogenous conditions. Weather conditions like bright sunlight, extreme temperature, dust, and rain affect the automotive sensors' functioning. In the USA, 1.2 million accidents occur due to bad weather conditions. The visibility of the sensors is difficult in bad weather, hindering the automotive sensors' growth. Radar and Li-Dar sensors get affected by snow and rain, which can lead to false alarms. Camera-based sensors get affected by fog and rain, making it challenging to detect obstacles.

 

• 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.

 

 

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.

By Vehicle Type: (Passenger vehicles are leading due to production, demand, and technological advancements)

Passenger vehicle holds the most significant share of 82.24% and will dominate this sector due to proliferating demand for passenger cars and improvements due to technological advancements which help improve efficacy. This leading position of passenger vehicles is due to the record high production worldwide. The rising need for increased safety features, government regulations, and reduced carbon emissions is driving the growth of passenger vehicles. In passenger vehicles, more value is given to convenience and comfort features; this again demands automotive sensors. A passenger vehicle is a very competitive segment, so companies with the latest technologies have the edge over the market, and automotive sensors help to achieve this. The commercial vehicle market is still nascent due to less exposure to automotive sensors and their high cost.

 

By Application Type: (Powertrain leads the market with effective fuel usage and controlled carbon emissions) 

Powertrain systems account for 29.43% of the automotive sensor market and hold the largest market share due to their application to monitor vehicle parameters like temperature and pressure and send the inputs to the engine control unit to boost fuel efficiency, by setting ignition timing and accurate fuel delivery and help control CO2 emissions as governments around the world are imposing stricter vehicle standards on emissions. Also, with the EV shift, the powertrain consists of sensors to measure voltage from ignition systems to monitor battery operations and vehicle safety. Cameras and radar detectors mainly cover vehicle safety and security; ADAS and Li-Dar sensors, airbags, tire pressure monitoring, and rain detection are gaining more exposure. The chassis application explicitly monitors the steering, brakes, and acceleration operations.

 

Asia Pacific region comprehensively led the market with a decent share of 50.16% in terms of geography.

By Region Type: (APAC is dominating, followed by the fastest-growing Europe)

The Asia Pacific region has half the market share at 50.16%. It is expected to grow over the year due to significant growth in the automotive industry for reasons like rising annual incomes, urbanization, infrastructural development, and strong manufacturing capacities within the region. APAC has strict government policies to implement a range of ADAS in vehicles which helps grow the automotive sensor industry. Green adoption, technological advancements, and innovation allow APAC to lead the automotive sensor industry.

Europe has the fastest automotive sensor market growth, with a CAGR of 9.3%. This growth is due to various upcoming startups in the automotive sensor industry, like SUINK which is pursuing green solutions for automotive power sensors.

 

 

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 May 2023, A joint venture to manufacture an insulated gate bipolar transistor (IGBT) was announced by DENSO Corporation and United Semiconductor Japan Co., Ltd. Transistor production is expected to reach 10,000 wafers per month by 2025. As EV adoption is increasing rapidly, automakers will seek to boost powertrain performance while being cost-effective. This IGBT is expected to have 20% less power loss.

 

• On April 2023, STMicroelectronics unveiled its latest inertial sensing module MEMS (Micro-electromechanical Systems) that measures various automotive functions like semi-autonomous driving, precise positioning, V2X(vehicle-to-environment), and active suspension. ST promises that it has a built-in capacity to support ADAS or V2X communication, critical sensing systems, and ASAD lane assisting applications which enables various serviceability of the car body. New services like updating the car's status when the driver is not around is a game-changer in the industry. 

 

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