Automotive Sensors: A Leading Driver Behind Surging Adoption Of Autonomous Vehicles Drives Growth In The Automotive Sensors Market Market Expansion in 2025

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

What Will the Automotive Sensors Industry Market Size Be by 2025?
The growth of the automotive sensors market has been swift over the past few years, with an expansion from $31.94 billion in 2024 to an anticipated $36.06 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.9%. This ascent during the historical period can be ascribed to factors such as regulatory directives, increased sales of passenger vehicles, economic progression, and governmental aid.

What's the Long-Term Growth Forecast for the Automotive Sensors Market Size Through 2029?
Rapid expansion is anticipated in the automotive sensors market in the upcoming years, with projections indicating a leap to $59.05 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.1%. Factors contributing to this anticipated growth during the forecast period include a heightened focus on vehicle security, the surge in vehicle sales, increasing connected vehicles, urbanization growth, and upward trends in disposable income. The horizon also appears to be filled with major trends such as advancements in lidar technology, in-cabin sensing, 5g connectivity, solid-state sensors, and sensor fusion.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-sensors-global-market-report

What Are the Key Growth Drivers Fueling the Automotive Sensors Market Expansion?
Expectations are that the growing embrace of autonomous vehicles will drive the expansion of the automotive sensors market. Autonomous vehicles, which are driverless and can perform required functions without human input, utilize automotive sensors, decreasing driver stress and boosting vehicle efficacy. For example, a report from the Insurance Institute for Highway Safety, a US-based road safety non-profit organization, suggested in August 2022 that self-driving vehicles will constitute 3.5 million units on American roads by 2025 and 4.5 million by 2030. Similarly, the economic and social impact of connected and autonomous vehicles in the UK is predicted to reach roughly £51 ($ 66.79) billion annually by 2030. Consequently, the surge in the usage of autonomous vehicles is a significant factor in the growth trajectory of the automotive sensors market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5783&type=smp

What Are the Key Trends Driving Automotive Sensors Market Growth?
A key trend taking hold in the automotive sensor market is the increasing application of pressure sensors in the auto industry. These sensors help detect early issues with hydraulic brakes, fine-tune the air pressure-dependent fuel mixture, enable automatic exhaust filter cleaning, monitor exhaust recirculation, conduct crucial fluid checks, identify vapour leaks, accelerate airbag deployment, and trigger pedestrian airbags. For instance, Melexis Microelectronics Engineering Company released a new range of PCB-less pressure sensor ICs, the MLX90824 and MLX90822, in November 2022. These sensors are designed for high precision and longevity, consistently maintaining an accuracy level of ±0.5%FS throughout their service life. The digital output is provided by the MLX90824 through the SENT protocol, while the MLX90822 outputs an analog signal, making it well-suited for applications needing quick responses, such as motorcycles and small engines. Both sensors have robust protection against overvoltage and reverse voltage, function within a -40°C to 160°C temperature range, and meet ISO 26262 safety standards.

How Is the Automotive Sensors Market Segmented?
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)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5783&type=smp

Which Companies Are Leading the Charge in Automotive Sensors Market Innovation?
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

Which Regions Are Leading the Global Automotive Sensors Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5783

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
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.

This release was published on openPR.