Report Highlights
The global market for automotive sensor technologies was valued at $37.0 billion in 2023. This market is expected to grow from $37.8 billion in 2024 to $51.6 billion by 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.
Report Includes
- 186 data tables and 52 additional tables
- An analysis of the current and future global markets for automotive sensor technologies
- Analyses of global market trends, with market revenue data (sales figures) for 2023, estimates for 2024, forecasts for 2025, 2027, and projected CAGRs through 2029
- Estimates of the market size and revenue forecasts for the global market for automotive sensor technologies, with market share analysis by sensor type, vehicle type, propulsion technology, sales channel, application, and region
- A look at the development and deployment of sensing technologies and advanced electronic systems, and their challenges
- Information on advanced driver assistance systems (ADAS) and hybrid and electric vehicles
- Discussion of the rising demand for convenience, comfort, safety, efficiency and environmental protection
- Discussions of the market dynamics, opportunities and challenges, as well as emerging technologies
- Insights derived from the Porter’s Five Forces model, as well as global supply chain analyses and case studies
- Analysis of patent activity, featuring key granted and published patents
- Overview of the sustainability trends and ESG developments in the industry, with emphasis on the ESG practices of leading companies, their ESG rankings, and consumer attitudes
- Competitive intelligence, including companies’ market shares, recent M&A activity and venture funding
- Profiles of the leading companies, including Bosch Mobility, Continental AG, Denso Corp., Sensata Technologies Inc., and Infineon Technologies AG
Report Scope
The report provides an overview and analysis of the global market for automotive sensor technologies and the leading companies’ products and initiatives. Using 2023 as the base year, the report provides estimated market data for 2024, and a forecast of market values from 2024 through 2029. It also discusses the automotive sensor types, their applications, and sensor deployment trends in different types of vehicles. Projected revenue values are in constant U.S. dollars that have not been adjusted for inflation. Two-wheelers and agricultural and industrial vehicles are beyond the scope of this study.
This report segments the global market is by:
- Sensor type: Chemical and gas sensors, rotational motion sensors, angular and linear position sensors, image and vision sensors, mass airflow sensors, accelerometers, radar and light detection and ranging (LiDAR) sensors, temperature sensors, pressure sensors, Internet of Things (IoT) sensors and others (humidity sensors, acoustic sensors, rain sensors, light sensors, proximity sensors).
- Vehicle type: Passenger vehicles and commercial vehicles. The commercial vehicles segment is further segmented into light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
- Propulsion technology: Internal combustion engine (ICE) vehicles and alternative fuel vehicles.
- Application: Powertrain, driver support, comfort and convenience, vehicle safety and security, vehicle control, and others (sensors for miscellaneous applications in alternative fuel vehicles and autonomous and semi-autonomous vehicles).
- Sales channel: Original equipment manufacturer (OEM) and aftermarket. In the context of this report, OEM refers to the sales channel through which sensor providers directly sell to automotive manufacturers. Aftermarket refers to the channel where sensor solutions are sold by dealers, retailers and partners for vehicle upgrades, modifications, and repair purposes.
- Region: North America, Europe, Asia-Pacific and Rest of the World (RoW).
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $37.0 Billion | ||||||||||||||||
| Market size forecast | $51.6 Billion | ||||||||||||||||
| Growth rate | CAGR of 6.4% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | Sensor Type, Vehicle Type, Propulsion Technology, Sales Channel, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and Rest of the World (RoW) | ||||||||||||||||
| Countries covered | The U.S., Canada, Mexico, Japan, China, India, Australia, South Korea, Germany, France, United Kingdom, Italy, Spain, and Others | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing vehicle safety regulations and consumer awareness.
- Increasing demand for connected and smart vehicles.
- Rapid surge in the adoption of electric vehicles.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for automobile sensors should grow from $25.9 billion in 2020 to $78.9 billion by 2025, at a compound annual growth rate (CAGR) of 13.4% for the period of 2020-2025.
Report Highlights
The global market for automobile sensors should grow from $35.4 billion in 2018 to $66.2 billion by 2023 at a compound annual growth rate (CAGR) of 13.4% from 2018 to 2023.
Report Highlights
The global market for automobile sensors reached nearly $23.5 billion in 2015, $26.3 billion in 2016, and should reach $43.4 billion by 2021, a five year compound annual growth rate (CAGR) of 10.6% from 2016 to 2021.
Report Highlights
BCC Research estimates that the global market for automobile sensors will grow from $22.1 billion in 2015 to reach nearly $35.2 billion in 2020, a compound annual growth rate (CAGR) of 9.7% for the five year period.
Report Highlights
The global market for automobile sensors was $14.1 billion in 2011 and is expected to reach nearly $15.2 billion by 2012. BCC projects this market to grow at a compound annual growth rate (CAGR) of 7.7% reaching $22.1 billion in 2017.
Report Highlights
- The market for automotive sensors fell from $12.7 billion in 2008 to $12.6 billion in 2009. Longer term growth is expected, rising at a compound annual growth rate (CAGR) of 7.7% over the period 2010 to 2015 to reach $19.1 billion by 2015, bolstered by new application opportunities and emerging regions.
- The applications of sensors in automobiles using alternate fuels will experience the highest compound annual growth rate (CAGR) of 12.7%, increasing in value from $950 million in 2010 to $1.7 billion in 2015.
- The market for sensors in power-train applications is expected to be higher than other applications, increasing from $6 billion in 2010 to $8.6 billion in 2015, a compound annual growth rate (CAGR) of 7.3%.
Report Highlights
- The global market for automotive sensor technologies increased from $7.3 billion in 2006 to an estimated $8.0 billion by the end of 2007. It should reach $13.5 billion by 2012, a compound annual growth rate (CAGR) of 10.8%.
- Power train sensors account for the largest share of the market, worth an estimated $4.7 billion in 2007 and expected to reach $7.7 billion by 2012, a CAGR of 10.5%.
- In the future, sensor technology will manage driver commutes, help avoid accidents and conduct body scans to put people in the most comfortable driving position.
Report Highlights
- The more than $10 billion worldwide automotive sensor market in 2005 will continue to increase at an average annual growth rate (AAGR) of 6% to $14.2 billion in 2010.
- Automotive safety represents a growing and the most stable market due to influences from national governments, consumers and the automakers themselves. Through 2010, this segment will show the most expansion at an AAGR of 13.7%. In-cabin systems will rise at an AAGR of 6.2%.
- During the period, position, speed and oxygen sensors will rise at an AAGR of 6.7 %; pressure and acceleration sensors, 5.6 %; and mass airflow, temperature and other sensors, 4.5%.
- Position, speed and oxygen sensors will remain the largest market segment, rising from $6.2 billion in 2005 to $8.6 billion in 2010.
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