Industry Experts - Market Research

Vehicular Safety Driving Demand for Automotive Sensors Global Market to Reach about $67 billion by 2030

Monday Feb 03, 2025

Industry Experts, Inc., has released its latest report on Automotive Sensors Market, with demand for the same being estimated at US$33.2 billion in 2024 and projected to reach US$66.8 billion by 2030 at a 2024-2030 CAGR of 12.4%.

Some of the factors instrumental in driving demand for Automotive Sensors demand for advanced driver-assistance systems (ADAS) and in-vehicle safety features, which have become ubiquitous in modern vehicles. Because of consumer preference for automobiles that offer better safety, convenience and connectivity, manufacturers have taken to integrating more and more sensors into their vehicle designs. Stringent regulatory policies aimed at improving vehicle safety and minimizing environmentally-harmful emissions, such as NOx and carbon monoxide, are playing their part in incorporating sensors that can detect them.

Asia-Pacific forms the largest global market for Automotive Sensors and is also likely to be the fastest growing over the analysis period. China has now emerged as the global auto production hub, resulting in growing demand for Automotive Sensors, with Japan, South Korea and India also contributing the region's overall dominance. In terms of automobile sales, too, Asia-Pacific is much ahead of other global regions. The shift towards electrical and hybrid vehicles to combat the serious issue of pollution in the region has further been responsible for increasing the demand for sensors used for various purposes in such automobiles.

The report studies the Automotive Sensors market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major types of Automotive Sensors analyzed in this report include Gas Sensors, Image Sensors, Position Sensors, Pressure Sensors, Safety Sensors, Speed Sensors and Temperature Sensors, among Others (Incl. Chemical Sensors, Current Sensors, Force Sensors, Humidity Sensors, Inertial Sensors, Knock Sensors, Level Sensors, LiDAR Sensors, Magnetic Sensors, Radar Sensors & Torque Sensors). The study also examines the market for Automotive Sensors by application, comprising Chassis, Exhaust Systems, Powertrain Systems, Safety & Security Systems, Telematics and Vehicle Body Electronics. The vehicle types where Automotive Sensos are used as analyzed in this report include Passenger Cars (PCs), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs), with a further classification analyzing the type of fitting that comprises OEM Fitting and Aftermarket Fitting.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/