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A Deep Dive into Automotive Sensors Market 2025: Key Drivers, Growth Factors, and Projections 2025-2034

02-21-2025 09:22 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Automotive Sensors Market Size

Automotive Sensors Market Size

What industry-specific factors are fueling the growth of the automotive sensors market?
The growth of the automotive sensors market is anticipated to be driven by the increasing utilization of self-driving vehicles. These vehicles operate independently without the need for human input. The incorporation of automotive sensors in these vehicles has minimized driver stress, improving vehicle performance. As per an August 2022 report by the Insurance Institute for Highway Safety, a non-profit institution dedicated to road safety in the U.S., it's projected that by 2025 there will be about 3.5 million autonomous cars on U.S. roads and by 2030, the number will rise to 4.5 million. In the UK, the expected economic and social repercussions of integrating autonomous and connected vehicles are estimated to reach around £51 ($66.79) billion per year by 2030. Consequently, the escalating adoption of autonomous or driverless vehicles has significant relevance to the expansion of the automotive sensors market.

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What Is the projected market size and growth rate for the automotive sensors market?
The market size for automotive sensors has seen a swift expansion in the past few years. It is projected to escalate from $31.94 billion in 2024 to $36.06 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.9%. The significant growth in the historic timeline can be traced back to regulatory standards, an increase in passenger car sales, economic progression, and government backing.

Rapid expansion is anticipated in the automotive sensors market over the coming years, with projections indicating a rise to $59.05 billion by 2029, reflecting a compound annual growth rate (CAGR) of 13.1%. Factors contributing to growth in this forecast period include an increased focus on vehicle safety, growth in vehicle sales, a rise in connected vehicles, urbanization, and growing disposable income. Key trends expected during the forecast period encompass advancements in lidar technology, in-cabin sensing, 5G connectivity, solid-state sensors, and sensor fusion.

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What new trends are reshaping the automotive sensors market and its opportunities?
A key trend emerging in the automotive sensor market is the increased use of pressure sensors in the automotive industry. These sensors are employed for a variety of functions, including early fault detection in hydraulic brakes, fuel mixture optimization in line with air pressure, automatic exhaust filter cleaning, exhaust recirculation monitoring, critical fluid testing, vapour leakage identification, quick airbag activation, and pedestrian airbag unveiling. For instance, Melexis Microelectronics Engineering Company in November 2022 introduced two new PCB-less pressure sensor ICs, the MLX90824 and MLX90822. These sensors are designed for high precision and enduring stability, guaranteeing an accuracy rate of ±0.5%FS throughout their operational life. The MLX90824 is equipped with a digital output using the SENT protocol, while the MLX90822 has an analog output, which makes it perfect for swift response applications like motorcycles and small engines. Both sensors are armed with strong overvoltage and reverse voltage protection, operate within a temperature range of -40°C to 160°C, and meet ISO 26262 safety standards.

What major market segments define the scope and growth of the automotive sensors market?
The automotive sensors market covered in this report is segmented -

1) By Type: Temperature Sensors, Pressure Sensors, Speed Sensors, Level/Position Sensors, Magnetic Sensors, Gas Sensors, Inertial Sensors
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
3) By Technology: Nano-Electro-Mechanical Systems, Micro-Electro-Mechanical Systems
4) By Application Type: Powertrain, Chassis, Exhaust, ADAS, Other Applications

Subsegments:
1) By Temperature Sensors: Thermocouples, Thermistors, Infrared Temperature Sensors
2) By Pressure Sensors: Piezoelectric Pressure Sensors, Strain Gauge Pressure Sensors, Capacitive Pressure Sensors
3) By Speed Sensors: Hall Effect Speed Sensors, Inductive Speed Sensors, Optical Speed Sensors
4) By Level/Position Sensors: Ultrasonic Level Sensors, Capacitive Level Sensors, Linear Position Sensors
5) By Magnetic Sensors: Hall Effect Sensors, Magnetoresistive Sensors, Fluxgate Sensors
6) By Gas Sensors: Oxygen Sensors, Carbon Dioxide Sensors, Nitrogen Oxide Sensors
7) By Inertial Sensors: Accelerometers, Gyroscopes, Inertial Measurement Units (IMUs)

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Which region dominates the automotive sensors market?
Asia-Pacific was the largest region in the automotive sensors market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive sensors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the automotive sensors industry growth?
Major companies operating in the automotive sensors market include Robert Bosch GmbH, Continental AG, DENSO Corporation, Infineon Technologies AG, Sensata Technologies, Analog Devices Inc. Aptiv plc, NXP Semiconductors N.V., STMicroelectronics N.V., CTS Corporation, Texas Instruments Incorporated, TE Connectivity Ltd, ZF Friedrichshafen, Magna International, Melexis N.V., ON Semiconductor, Amphenol Advanced Sensors, Velodyne Lidar Inc., Quanergy Systems Inc., Innoviz Technologies Ltd., Broadcom Inc., Bosch Sensortec GmbH, Bourns Inc., Delphi Technologies, Vishay Intertechnology Inc., BorgWarner Inc., Maxim Integrated, Littelfuse Inc., Htachi Automotive Systems Americas Inc., OmniVision Technologies Inc., Autoliv Inc., Valeo Group

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What Is Covered In The Automotive Sensors Global Market Report?

•Market Size Forecast: Examine the automotive sensors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive sensors market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive sensors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive sensors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive sensors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive sensors market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive sensors market.
•Competitive Landscape: Review strategic developments in the automotive sensors market, including expansions, agreements, and new product launches.

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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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