Automotive Sensors Market worth $71.38 billion by 2030, growing at a CAGR of 11.68% – Exclusive Report by 360iResearch

webnexttech | Automotive Sensors Market worth $71.38 billion by 2030, growing at a CAGR of 11.68% - Exclusive Report by 360iResearch
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The Global Automotive Sensors Market to grow from USD 29.48 billion in 2022 to USD 71.38 billion by 2030, at a CAGR of 11.68%.PUNE, MAHARASHTRA, INDIA, November 8, 2023 /EINPresswire.com/ — The “Automotive Sensors Market by Product (Gas Sensors, Inertial Sensors, Lidar Sensors), Positioning (Exterior Sensors, Interior Sensors), Application, Distribution Channel, Vehicles – Global Forecast 2023-2030” report has been added to 360iResearch.com’s offering.
The Global Automotive Sensors Market to grow from USD 29.48 billion in 2022 to USD 71.38 billion by 2030, at a CAGR of 11.68%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/automotive-sensors?utm_source=einpresswire&utm_medium=referral&utm_campaign=sample Automotive sensors are essential in modern vehicles that detect, measure, and transmit critical information to ensure optimal performance, safety, and efficiency.
These sophisticated devices convert physical parameters such as pressure, temperature, speed, position, and gas concentration into electrical signals processed by electronic control units (ECUs) to monitor and control various vehicle functions.
Meanwhile, the growing production of automotive vehicles with embedded security features and high-quality sensors for infotainment increases the demand for high-quality sensors.
Additionally, the strict norms in the automotive industry for vehicle emission has frequently contributed to the automotive sensors market growth.
However, the issues related to the automotive sensors, such as failures and the widening availability of sensors from aftermarket, significantly hinder the market expansions.
Companies are working toward research and development activities and innovative technologies to cater to certain challenges.
Moreover, the advancements in automotive sensor technology with AR and VR in-vehicle cameras drive the future demands for automotive sensors with the rising adoption rate for electric and self-driving vehicles worldwide.
Type: Utilization of radar and ADAS sensor for smooth driving experience Automotive sensors are vital in enhancing vehicle performance, safety, and emissions control.
Image sensors are crucial for advanced driver assistance systems (ADAS) and autonomous driving applications.
They assist in lane departure warning, adaptive cruise control, and pedestrian detection.
A pressure sensor used in electric vehicles converts pressure into an electric signal depending on the amount of force applied.
Pressure sensors also measure fluid pressure in automotive applications, including tire pressure monitoring systems (TPMS), fuel delivery systems, and engine management systems.
Additionally, a coolant temperature sensor is utilized to measure the temperature of the engine coolant in heavy-duty vehicles.
Proximity and pressure sensors are widely used in automotive applications for pressure monitoring and detecting objects surrounding the car.
Furthermore, radar and speed sensors provide distance and object detection in ADAS applications along with speed measurements, such as blind spot detection, adaptive cruise control, and lane change assist.
Oxygen or lambda sensors help optimize fuel consumption by measuring the oxygen content in exhaust gasses to maintain optimal air-fuel ratio in combustion engines.
Application: Rising adoption of automotive sensors for vehicle monitoring and pressure control processes Automotive body electronics sensors are essential components in modern vehicles, responsible for monitoring and controlling various functions, including engine, chassis, and emission control.
The rise in demand for advanced features, such as automatic climate control and infotainment during vehicle drives increases the adoption of connectivity sensors in the automotive industry.
Automotive sensors play a vital role across various application segments, including body and chassis management systems, exhaust emissions monitoring, powertrain optimization, safety controls implementation in ADAS systems, and telematic services for vehicle connectivity purposes.
The constant evolution of technology has led major manufacturers to continually innovate by developing more efficient sensing solutions that cater to ever-changing market demands while complying with stringent regulations.
Positioning: High deployment of interior sensors for vehicle performance management Exterior sensors, also known as intrusion-detection sensors, are widely used to detect an intruder crossing the boundary of a protected area.
Radar front, rear, and side sensors have become essential in modern production vehicles’ parking assistance and blind-spot detection.
On the other hand, interior sensors are used to aid in detecting intrusions inside buildings or other structures.
This sensor is used for vehicle locking and arm the alarm, and is designed to catch any movement inside the vehicle.
Distribution Channel: Widening availability of automotive sensor through aftermarket supply channels The widening availability of automotive sensors throughout the original equipment manufacturers and aftermarket significantly contributes to the market of automotive sensors.
Several manufacturers avail their products to customers through their store and supplier channels.
Additionally, the increasing aftermarket store for automotive components frequently boosts market growth by providing cost-effective automotive sensors.
The choice between aftermarket and OEM automotive sensors depends on customers’ preferences and needs.
Aftermarket sensors are more affordable and accessible compared to OEM products.
They cater to car owners seeking cost-effective options or wanting personalized performance enhancements.
However, quality may vary across different aftermarket brands and products.
On the other hand, OEM automotive sensors provide consistent, high-quality products that comply with strict industry standards for safety and performance.
Vehicle manufacturers often choose OEMs due to their close working relationships on product customization and solution development.
OEM sensors usually come at a premium price, assuring customers of compatibility, reliability, and regulatory compliance.
Vehicles: Expanding integration of automotive sensors in light commercial & passenger vehicles Heavy commercial vehicles (HCV) comprise trucks, buses, and other large cars primarily using powertrain control systems, engine management, transmission control systems, exhaust after-treatment systems, and advanced driver assistance systems (ADAS).
On the other hand, light commercial vehicles (LCV) and passenger cars include ADAS, powertrain & engine control systems, chassis & body electronics, infotainment systems, and interior controls.
While all three vehicle segments prioritize fuel efficiency and emission reduction due to increased regulatory requirements globally, HCVs focus on heavy-duty engine applications.
At the same time, LCVs cater to urban transportation demands, and passenger cars have a broader range of sensor applications due to their diverse needs for safety, comfort, infotainment systems integration, and electrification advancements.
Regional Insights: In the Americas, the United States and Canada are among the key countries in the automotive sensors market due to rapid innovative technologies and research & development activities.
In recent years, there has been an increase in investments by major automotive manufacturers toward the development of advanced sensor technologies to meet stringent government regulations on emissions standards.
European countries have witnessed significant growth in the automotive sensors market due to strict emission norms and an emphasis on energy-efficient vehicles.
Major European automakers are investing heavily in research & development for advanced sensor integration into their vehicles.
The Middle East and Africa region has observed a steady demand for automotive sensors due to increasing consumer preference for technologically advanced vehicles with enhanced safety features.
Furthermore, in the Asia-Pacific, China, Japan, and India witnessed growth in automobile production and sales supported by a growing middle-class population seeking better-quality vehicles with enhanced safety features.
India and China have shown potential growth in the automotive sensors market due to government initiatives, such as ‘Make in India’ and ‘Make in China, ’ which foster domestic manufacturing and attract foreign investment.
FPNV Positioning Matrix: The FPNV Positioning Matrix is essential for assessing the Automotive Sensors Market.
It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs.
This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis: The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Sensors Market.
By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles: The report delves into recent significant developments in the Automotive Sensors Market, highlighting leading vendors and their innovative profiles.
These include Allegro MicroSystems, LLC, Analog Devices, Inc., Aptiv PLC, Autoliv Inc., BorgWarner Inc., Cebi International S.A., Continental AG, CTS Corporation, Defovo Automotive Sensor, Denso Corporation, Hitachi, Ltd., Infineon Technologies AG, Innoviz Technologies, Ltd., LeddarTech Inc., LEM International SA, Luksens Technologie GmbH, Luminar Technologies Inc., Magna International, Inc., Melexis NV, Mitsubishi Materials Corporation, Murata Manufacturing Co., Ltd., NXP Semiconductors N.V., ON Semiconductor, Panasonic Holdings Corporation, Quanergy Systems, Inc., Renesas Electronics Corporation, Robert Bosch GmbH, Rockwell Automation, Inc., Sensata Technologies, Inc., Sony Group Corporation, STMicroelectronics N.V., TE Connectivity Ltd., Valeo S.A., Velodyne Lidar, Inc. by Ouster, Inc., and ZF Friedrichshafen AG.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/automotive-sensors?utm_source=einpresswire&utm_medium=referral&utm_campaign=inquire Market Segmentation & Coverage: This research report categorizes the Automotive Sensors Market in order to forecast the revenues and analyze trends in each of following sub-markets: Based on Product, market is studied across Gas Sensors, Inertial Sensors, Lidar Sensors, Parking Sensors, Particulate Matter Sensors, Position Sensors, Pressure Sensors, Radar Sensors, Rain Sensors, Speed Sensors, Temperature Sensors, and Ultrasonic Sensors.
The Pressure Sensors commanded largest market share of 21.43% in 2022, followed by Speed Sensors.
Based on Positioning, market is studied across Exterior Sensors and Interior Sensors.
The Interior Sensors commanded largest market share of 62.12% in 2022, followed by Exterior Sensors.
Based on Application, market is studied across Body Electronics, Chassis, Exhaust, Powertrain, Safety and Control, and Telematics.
The Safety and Control commanded largest market share of 26.65% in 2022, followed by Powertrain.
Based on Distribution Channel, market is studied across Aftermarket and Original Equipment Manufacturer.
The Original Equipment Manufacturer commanded largest market share of 79.12% in 2022, followed by Aftermarket.
Based on Vehicles, market is studied across Heavy Commercial Vehicle, Light Commercial Vehicle, and Passenger Car.
The Passenger Car commanded largest market share of 44.69% in 2022, followed by Heavy Commercial Vehicle.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa.
The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States.
The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.
The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
The Europe, Middle East & Africa commanded largest market share of 39.45% in 2022, followed by Asia-Pacific.
Key Topics Covered: 1.
Preface 2.
Research Methodology 3.
Executive Summary 4.
Market Overview 5.
Market Insights 6.
Automotive Sensors Market, by Product 7.
Automotive Sensors Market, by Positioning 8.
Automotive Sensors Market, by Application 9.
Automotive Sensors Market, by Distribution Channel 10.
Automotive Sensors Market, by Vehicles 11.
Americas Automotive Sensors Market 12.
Asia-Pacific Automotive Sensors Market 13.
Europe, Middle East & Africa Automotive Sensors Market 14.
Competitive Landscape 15.
Competitive Portfolio 16.
Appendix The report provides insights on the following pointers: 1.
Market Penetration: Provides comprehensive information on the market offered by the key players 2.
Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets 3.
Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments 4.
Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players 5.
Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments The report answers questions such as: 1.
What is the market size and forecast of the Automotive Sensors Market?
2.
Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Sensors Market?
3.
What is the competitive strategic window for opportunities in the Automotive Sensors Market?
4.
What are the technology trends and regulatory frameworks in the Automotive Sensors Market?
5.
What is the market share of the leading vendors in the Automotive Sensors Market?
6.
What modes and strategic moves are considered suitable for entering the Automotive Sensors Market?
Read More @ https://www.360iresearch.com/library/intelligence/automotive-sensors?utm_source=einpresswire&utm_medium=referral&utm_campaign=analystMr.
Ketan Rohom 360iResearch +1 530-264-8485 [email protected]

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