Automotive Sensors Market size worth USD 43.6 Billion, Globally, by 2030 at 7.01% CAGR: Verified Market Research®

The "Global Automotive Sensors Market Size By Type, By Vehicle Type, By Application, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Automotive Sensors Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., Oct. 23, 2023 /PRNewswire/ -- The Global Automotive Sensors Market is projected to grow at a CAGR of 7.01% from 2022 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 26.9 Billion in 2021 and is expected to reach USD 43.6 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=14837

Browse in-depth TOC on "Automotive Sensors Market"

202 - Pages

126 – Tables

37 – Figures

Driving Innovation: Automotive Sensors Revolutionize Safety and Efficiency in the Global Market

In the ever-evolving landscape of the automotive industry, a pivotal transformation is underway, powered by cutting-edge sensor technology. Today, sensors have become the unsung heroes, revolutionizing the way vehicles operate and enhancing fuel efficiency, comfort, and safety features. The Automotive Sensors Market, comprising an array of sensors like brake sensors, engine sensors, pressure sensors, clutch sensors, exhaust sensors, and transmission sensors, is at the forefront of this innovation wave.

Key Automotive Sensors Market Drivers:

The surge in demand for automotive sensors is driven by the rapid advancements in autonomous driving technology. The integration of sensors within Advanced Driver Assistance Systems (ADAS) and autonomous driving systems is propelling the market forward, enhancing vehicle safety and efficiency. Furthermore, sensors, including image sensors, speed sensors, and temperature sensors, are instrumental in this transformative journey.

Diverse Sensor Applications:

Powertrain sensors, chassis sensors, and body sensors are instrumental in ensuring the seamless operation of various vehicle components. Powertrain sensors play a pivotal role in monitoring the engine, transmission system, and alternator, while chassis sensors oversee crucial functions like braking, steering, and suspension. This diverse application of sensors underscores their critical role in the automotive ecosystem thereby increasing Automotive Sensors Market demand.

Challenges and Opportunities:

Despite challenges such as high development costs and supply disruptions caused by the Covid-19 pandemic, the Automotive Sensors Market is poised for promising prospects. Advances in Advanced Driver Assistance Systems and the rise of hybrid and electric vehicles are shaping the market's future. Moreover, the Asia Pacific region stands out as a key growth market, driven by cost advantages for Original Equipment Manufacturers (OEMs) and the rising per capita income of the middle-class population.

Key Players and Market Insights:

Leading the charge in this sensor revolution are major players in the Global Automotive Sensors Market, including Sensata Technologies, Robert Bosch, Continental AG, Delphi Automotive, Analog Devices, Denso Corporation, Infineon Technologies, CTS Corporation, Allegro Microsystems, and Elmos Semiconductor. Their strategic development approaches, market share, and positioning strategies are analyzed comprehensively in a recently released report, offering invaluable insights for industry stakeholders and decision-makers.

Automotive sensors are at the heart of the automotive industry's transformation, enhancing safety, efficiency, and driving experiences. Our market research underscores the significance of these advancements, offering a roadmap for businesses to navigate the evolving automotive landscape.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Automotive Sensors Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Automotive Sensors Market into Type, Vehicle Type, Application, And Geography.

• Automotive Sensors Market, by Type
  • Temperature Sensors
  • Oxygen Sensors
  • Position Sensors
  • Pressure Sensors
  • Others
• Automotive Sensors Market, by Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
• Automotive Sensors Market, by Application
  • Powertrain
  • Chassis
  • Exhaust
  • Others
• Automotive Sensors Market, by Geography
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • Latin America

Browse Related Reports:

Automotive Temperature Sensor Market By Product Type (Thermistor, MEMS, IC Temperature Sensor), By Application (Engine, Transmission, HVAC), By Geography, And Forecast

Automotive MEMS Sensors Market By Product (Pressure Sensor, Accelerometer, Gyroscope), By Application (Safety and Chassis, Powertrain, Infotainment), By Geography, And Forecast

Passenger Car Sensors Market By Application Type (Powertrain/Drivetrain System Sensors, Exhaust System Sensors, ADAS), By Sensor Type (Pressure Sensors, Tire Pressure Sensors), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle), By Geography, And Forecast

Automotive Exhaust Gas Sensors Market By Product (O2-Lambda Sensors, NOX Sensors, Particulate Matter Sensors, Differential Pressure Sensors, Temperature Sensors, Other), By Application (Commercial Vehicles, Passenger Vehicles), By Geography, And Forecast

Top Automotive Sensor Companies delivering proper safety tools to highway drivers

Visualize Automotive Sensors Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg 

SOURCE Verified Market Research