Surging Adoption Of Autonomous Vehicles Drives Growth In The Automotive Sensors Market: An Emerging Driver Transforming The Automotive Sensors Market Landscape

The Automotive Sensors Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Automotive Sensors Market?
The market size for automotive sensors has seen a fast-paced expansion in the last few years. The prediction is that it will rise from $31.94 billion in 2024 to $36.06 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.9%. Factors contributing to the growth in the past include regulatory requirements, an increase in passenger car sales, economic development, and government backing.

In the coming years, the size of the automotive sensors market is anticipated to undergo swift expansion. It is projected to increase to $59.05 billion by 2029, with a compound annual growth rate (CAGR) of 13.1%. The escalating focus on vehicle safety, the growth in vehicle sales, the emergence of connected vehicles, rising urbanization, and increased disposable income all contribute to this growth predicted for the forecast period. Notable trends for the forecast period encompass advancements in lidar technology, in-cabin sensing, 5g connectivity, solid-state sensors, and sensor fusion.

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What Are the Different Automotive Sensors Market Segments?
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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What Are the Primary Drivers Shaping the Automotive Sensors Market?
Amplified growth in the automotive sensors market is anticipated due to the increase in acceptance of autonomous vehicles. Autonomous vehicles, which are vehicles capable of operation and performing required functions without human involvement, have utilized automotive sensors to alleviate driver stress and improve vehicle efficiency. For example, the Insurance Institute for Highway Safety, a US-based non-profit road safety organization, reported in August 2022 that estimates suggest 3.5 million autonomous cars will be on American roads by 2025 and 4.5 million by 2030. Furthermore, it is forecasted that the economic and social impacts of connected and autonomous vehicles in the UK could reach approximately £51 ($ 66.79) billion annually by 2030. Consequently, the accelerated acceptance of autonomous vehicles greatly contributes to the growth of the automotive sensors market.

Which Companies Are Leading in the Automotive Sensors Market?
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

What Are the Major Trends Shaping the Automotive Sensors Market?
The automotive sensor market is recognizing a significant trend with an increased utilization of pressure sensors in the automotive sector. These sensors play a crucial role in detecting early hydraulic brake faults, optimizing the balance between fuel and air pressure, enabling automatic exhaust filter cleaning, monitoring exhaust recirculation, conducting vital fluid inspections, identifying vapour leaks, accelerating airbag deployment, and initiating pedestrian airbags. The Melexis Microelectronics Engineering Company, for instance, launched MLX90824 and MLX90822, new PCB-less pressure sensor ICs series in November 2022. These ICs are known for their precision and durability, with a maintained accuracy rate of ±0.5%FS throughout their operational life. The MLX90824 uses the SENT protocol for digital output, while the MLX90822 provides an analogue output, which is optimal for applications needing quick responses such as motorcycles or small engines. Both sensors come with strong protection against overvoltage and reverse voltage, work between -40°C and 160°C temperature range, and meet the ISO 26262 safety norms.

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What Are the Top Revenue-Generating Geographies in 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Sensors Market?
2. What is the CAGR expected in the Automotive Sensors Market?
3. What Are the Key Innovations Transforming the Automotive Sensors Industry?
4. Which Region Is Leading the Automotive Sensors Market?

Why This Report Matters:

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