The global automotive sensor market size was US$ 18.9 billion in 2021. The global automotive sensor market is forecast to grow to US$ 48.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12.2% during the forecast period from 2022 to 2030.

Automotive sensors are used to measure, detect, and transfer information to analyze the performance of vehicles. Sensors are highly efficient in detecting events or changes in the environment. They also sense physical input such as motion, light, heat, pressure, moisture, etc.

Factors Influencing the Market

The rising demand for intelligent sensors in vehicles is forecast to fuel the growth of the global automotive sensor market. In addition, automotive sensors are used to enhance the safety & security, and reliability of vehicles. Thus, it will contribute to the growth of the global automotive sensor market.

High competition in the electronic market and the growing number of innovative launches will escalate the growth of the global automotive sensor industry in the coming years.

Growing upgrades in luxury vehicle offerings will benefit the global automotive sensor market. Furthermore, increasing disposable incomes and favorable initiatives by government bodies to promote electric vehicles will surge the growth of the global automotive sensor market. I

The growing adoption of smart sensors by luxury automotive manufacturers like BMW will accelerate the growth of the market.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic negatively affected the overall automotive industry, including trade and manufacturing activities. As a result, it also hampered the growth of the global automotive sensor market. It is owing to the disruptions in manufacturing activities and shortage of raw material, which has been significant factors declining the growth of the global automotive sensor market. Asia-pacific holds one of the largest automotive industries. The deadly effect of the pandemic in India and China has restricted the growth of the global automotive sensor market.

Regional Analysis

On the basis of region, North America is forecast to hold the highest market share in the global automotive sensor market. It is due to the growing demand for automated technology and rapidly rising disposable income. In addition, the growing sales of electric vehicles (EVs) will benefit the global automotive sensor market.

The Asia-Pacific automotive sensor market is forecast to grow at a significant growth rate. It is due to the growing disposable income and the presence of prominent car manufacturers like Toyota. In addition, the increasing government regulations to curb pollution will surge the growth of the Asia-Pacific automotive sensor market.

Competitors in the Market

AUTOLIV INC
Robert Bosch
CONTINENTAL AG
DENSO Corporation
DELPHI AUTOMOTIVE COMPANY
Infineon Technologies AG
NXP Semiconductor
Sensata Technologies
STMicroelectronics N.V
VALEO
Other Prominent Players
Market Segmentation

The global automotive sensor market segmentation focuses on Sensors, Technology, Application, Vehicle, and Region.

By Sensors Type

Temperature Sensors
Pressure Sensors
Position Sensor
Speed Sensor
Level Sensor
Inertial Sensor
Gas Sensor
Proximity Sensor
Flow Sensor
Knock Sensor
Force Sensor
Torque Sensor
By Technology

MEMS
NEMS
By Application

Powertrain
Chassis
Body Electronics
Safety and Control
Exhaust System
By Vehicle Type

Conventional Vehicles
Electric Vehicles
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America