The global Automotive sensor market to grow at a CAGR of 9.20% forecast period 2023- 2030, according to the new Market Research Future (MRFR) analysis.

 

Automotive sensors will assist in the detection, transmission, and measurement of data that aids in the analysis of vehicle performance. When environmental changes or events are detected, sensor technology provides a corresponding output. The automotive sensor industry share globally is being driven by a number of factors. Recent MRFR market estimates list these factors as well as increased global motor vehicle production, demand for automotive sensor technology, demand for electrification of vehicles, strict government emission regulations, and rising consumer demand for comfort and safety in automobiles. Other market factors include an increase in the demand for pressure sensors, automotive sensors for electric and hybrid vehicles, specialised electronic devices, and autonomous vehicles.

Key contenders profiled in the global Automotive sensor Industry report include Vishay Intertechnology, Inc. (U.S.), TRW Automotive Inc. (U.S.), Sensata Technologies (U.S.), Panasonic Corporation (Japan), Micronas Semiconductor Inc. (Switzerland), Continental AG (Germany), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), GE Measurement & Control Solutions (U.S.), Denso Corporation (Japan), Delphi Automotive LLP (U.K), Bourns Inc. (U.S.), Bosch Sensortech GmBH (Germany), Broadcom Limited (U.S.), and Analog Devices Inc. (U.S.). 


 The MRFR report highlights an inclusive segmental analysis of the global Automotive sensor market based on sensor type, technology, and vehicle type. 

 

By Sensor Type

  • Pressure
  • Temperature
  • Position
  • Motion
  • Optical
  • Torque
  • Gas
  • Level
  • Other sensors

By Technology

  • Micro-electro-mechanical systems (MEMS)
  • Non-electro-mechanical systems (non-MEMS)
  • Nano-electro-mechanical systems (NEMS)

By Vehicle Type

  • Conventional fuel cars
  • Alternative fuel car
  • Heavy vehicles 

 

APAC region is predicted to spearhead the market over the forecast period.

 

By region, the global Automotive sensor Industry covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the .

 

The increasing purchasing power of consumers, growing population, increasing per capita income of the middle-class people, cost advantages of OEMs, production of cost-effective and compact cars, presence of fast-developing economies like India and China, low automobile production costs, demand for autonomous vehicles, easy accessibility of economical labor, safety norms and lenient emission, government initiatives to support FDIs, increase in automobile production, and growing inclination of consumers towards luxury, safety, and comfort are adding to the global Auto sensors Industry growth in the region. 

 

In North America, the Automotive sensor market is predicted to have healthy growth over the forecast period. Infrastructure development, early adoption of advanced driving assistance features, and increasing sales of electric vehicles are adding to the global Automotive sensor Industry growth in the region. The Automotive sensor Industry in Europe is predicted to have sound growth over the forecast period. Growing demand for safer and more efficient cars, safety and fuel efficiency norms, and safety regulations for commercial vehicles are adding to the global Automotive sensor Industry growth in the region.   

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