Discover trends, market shifts, and competitive outlooks for the automotive sensors industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Key Projections for the CAGR of the Automotive Sensors Market Size From 2025 to 2034?

The size of the automotive sensors market has seen a swift expansion in the past few years. It is projected to escalate from $31.94 billion in 2024 to a whopping $36.06 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.9%. The surge witnessed in the historical span can be credited to several factors such as regulatory mandates, increase in passenger car purchases, economic progress, and governmental aid.

The car sensor market is predicted to expand quickly in the coming years, reaching a market value of $59.05 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. The forecasted growth is driven by a greater focus on automobile safety, an increase in car sales, a surge in connected cars, heightened urbanization, and an increase in disposable income. In the forecast period, we expect trends such as the advancement of lidar technology, in-cabin sensing, 5G connectivity, solid-state sensors, and sensor fusion to dominate.

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What Are the Core Market Drivers Propelling Growth in the Automotive Sensors Industry?

The acceleration of autonomous vehicle usage is positioned to drive the expansion of the automotive sensors market. These driverless vehicles, which function and undertake essential tasks independently without human assistance, employ automotive sensors, reducing stress for drivers and enhancing the vehicle’s efficiency. For example, a report by the US-based non-profit association for public safety, the Insurance Institute for Highway Safety, stated in August 2022 that the expected quantity of self-driving cars on U.S. highways would rise to 3.5 million by 2025 and 4.5 million by 2030. Further, the estimated economic and societal influence of linked and autonomous vehicles in the UK is projected to reach an annual £51 ($ 66.79) billion by 2030. Consequently, the escalating utilization of autonomous vehicles is a key factor in the expansion of the automotive sensors market.

How Is the Automotive Sensors Market Segmented?

The automotive sensors market covered in this report is segmented –

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

Subsegments:

1) By Temperature Sensors: Thermocouples, Thermistors, Infrared Temperature Sensors

2) By Pressure Sensors: Piezoelectric Pressure Sensors, Strain Gauge Pressure Sensors, Capacitive Pressure Sensors

3) By Speed Sensors: Hall Effect Speed Sensors, Inductive Speed Sensors, Optical Speed Sensors

4) By Level/Position Sensors: Ultrasonic Level Sensors, Capacitive Level Sensors, Linear Position Sensors

5) By Magnetic Sensors: Hall Effect Sensors, Magnetoresistive Sensors, Fluxgate Sensors

6) By Gas Sensors: Oxygen Sensors, Carbon Dioxide Sensors, Nitrogen Oxide Sensors

7) By Inertial Sensors: Accelerometers, Gyroscopes, Inertial Measurement Units (IMUs)

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Which Regions Are Driving the Next Phase of the Automotive Sensors Market Growth?

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 Key Market Trends and Innovations Are Shaping the Future of the Automotive Sensors Industry?

The increasing adoption of pressure sensors in the automobile industry is a primary trend that is becoming prominent in the automotive sensor market. These sensors are used to detect early issues in hydraulic brakes, adjust the fuel mixture according to air pressure, facilitate automatic exhaust filter cleaning, monitor exhaust recirculation, carry out critical fluid checks, spot vapour leaks, triggers airbags quicker, and initiate pedestrian airbags. For instance, Melexis Microelectronics Engineering Company introduced a fresh line of PCB-less pressure sensor integrated circuits called MLX90824 and MLX90822 in November 2022. These sensor ICs, built for high precision and lasting stability, preserve an accuracy rate of ±0.5%FS during their entire lifespan. The output of MLX90824 is digital via the SENT protocol while that of MLX90822 is analog, which is suitable for quick-response applications like motorbikes and smaller engines. Both sensors come with solid overvoltage and reverse voltage safeguarding, work in a temperature scope of -40°C to 160°C, and adhere to ISO 26262 safety norms.

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How Is the Automotive Sensors Market Defined and What Are Its Core Parameters?

The automotive sensors are used to detect, transmit, analyse, record, and display information about the vehicle’s internal and external surroundings. Automotive sensors are intelligent sensors that monitor the vehicle’s condition and either provide information to the user or automatically make the required changes to the vehicle. Automotive sensors check incoming air temperature, fuel-air mixture, manifold pressure, wheel speed, and others.

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