Automotive Sensors Market worth $71.38 billion by 2030, growing at a CAGR of 11.75% - Exclusive Report by 360iResearch

The "Automotive Sensors Market by Product (Gas Sensors, Inertial Sensors, Lidar Sensors), Positioning (Exterior Sensors, Interior Sensors), Application, Distribution Channel, Vehicles - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Automotive Sensors Market to grow from USD 32.79 billion in 2023 to USD 71.38 billion by 2030, at a CAGR of 11.75%.

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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.

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.

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 21.06% in 2023, followed by Speed Sensors.

Based on Positioning, market is studied across Exterior Sensors and Interior Sensors. The Interior Sensors commanded largest market share of 61.22% in 2023, 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 2023, 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 78.12% in 2023, 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 44.45% in 2023, 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 38.79% in 2023, followed by Asia-Pacific.

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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.

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

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?

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