Automotive Electronics Sensor Aftermarket to Grow at 7.17% CAGR Through 2029

The continuous expansion of the global vehicle parc, coupled with a surge in DIY automotive repairs, fuels the demand for replacement ignition coils are the factors driving market in the forecast period 2025-2029.

 

According to TechSci Research report, “Automotive Electronics Sensor Aftermarket – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, The Global Automotive Electronics Sensor Aftermarket stood at USD 14.74 Billion in 2023 and is anticipated to grow with a CAGR of 7.17% in the forecast period, 2025-2029F. The Automotive Electronics Sensor Aftermarket is witnessing robust growth, driven by various factors that shape its landscape. One of the primary drivers is the increasing age of vehicles, which contributes significantly to the demand for replacement sensors. As vehicles age, the sensors within them deteriorate, leading to a need for replacements to maintain optimal performance. This trend is particularly pronounced as consumers seek to extend the lifespan of their vehicles, driving up demand for aftermarket sensor solutions.

Advancements in automotive technologies play a crucial role in propelling the aftermarket forward. The emergence of smart sensors and advanced safety systems in modern vehicles incentivizes consumers to seek aftermarket upgrades. These upgrades often offer improved functionality, performance, and safety features, enhancing the overall driving experience. As a result, aftermarket manufacturers and suppliers are capitalizing on this trend by developing innovative sensor solutions that cater to evolving consumer preferences and technological advancements.

In addition to technological advancements, stringent emissions and safety regulations worldwide are fostering growth in the Automotive Electronics Sensor Aftermarket. Governments and regulatory bodies are imposing increasingly strict standards on vehicle emissions and safety requirements, driving the need for compliant sensor solutions. Automotive manufacturers and suppliers are thus compelled to develop sensors that meet these regulatory requirements, creating opportunities for aftermarket suppliers to provide compliant sensor solutions to vehicle owners and service providers.

The Automotive Electronics Sensor Aftermarket presents numerous opportunities for industry players. One such opportunity lies in the development of sensor solutions tailored to specific vehicle makes and models, catering to the diverse needs of consumers and service providers. Additionally, the rising trend of vehicle customization and performance upgrades presents a lucrative market for aftermarket sensor solutions that offer enhanced functionality and performance.

The growing adoption of electric and autonomous vehicles presents new opportunities for sensor manufacturers and suppliers. Electric vehicles require specialized sensors to monitor battery performance, powertrain efficiency, and charging infrastructure compatibility, driving demand for aftermarket sensor solutions tailored to electric vehicle applications. Similarly, autonomous vehicles rely heavily on sensor technologies for navigation, obstacle detection, and vehicle-to-vehicle communication, creating opportunities for aftermarket sensor suppliers to provide solutions that enhance autonomous driving capabilities.

 

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Powertrain sensors play a critical role in monitoring and controlling various components of the vehicle's powertrain system, including the engine, transmission, and drivetrain. These sensors measure parameters such as engine speed, temperature, pressure, and exhaust emissions, providing essential data for optimizing engine performance, fuel efficiency, and emissions control. In the aftermarket, powertrain sensors are in high demand as vehicle owners seek replacements for aging sensors or upgrades to improve powertrain performance and efficiency.

Body electronics sensors are integral to the operation of various electronic systems within the vehicle's body, including lighting, climate control, infotainment, and security systems. These sensors monitor ambient light, interior temperature, door status, and vehicle position, enabling automated functions such as automatic headlights, climate control, and keyless entry. In the aftermarket, body electronics sensors are sought after for repairs and upgrades to enhance convenience, comfort, and safety features in vehicles.

Safety and control sensors are essential for ensuring vehicle safety and stability in various driving conditions. These sensors include systems such as anti-lock braking (ABS), electronic stability control (ESC), traction control, and adaptive cruise control (ACC), which rely on sensors to monitor vehicle dynamics, wheel speed, yaw rate, and proximity to other vehicles. In the aftermarket, safety and control sensors are critical for maintaining and upgrading vehicle safety systems to meet regulatory requirements and enhance driver and passenger safety.

Telematics sensors enable connectivity and communication between vehicles and external networks, facilitating features such as GPS navigation, vehicle tracking, remote diagnostics, and wireless communication. These sensors collect and transmit data on vehicle location, performance, and status to support fleet management, remote monitoring, and vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication. In the aftermarket, telematics sensors are in demand for retrofitting vehicles with advanced connectivity features and aftermarket telematics solutions.

North America is a major market for the Automotive Electronics Sensor Aftermarket, driven by the presence of a large automotive industry, technological innovation, and consumer demand for advanced vehicle features. The region's aftermarket sector benefits from a strong distribution network, extensive aftermarket service infrastructure, and a diverse vehicle fleet, creating opportunities for sensor manufacturers and suppliers to provide aftermarket solutions tailored to regional preferences and regulations.

Europe is a leading market for automotive electronics sensors, with a strong focus on vehicle safety, emissions reduction, and connectivity. The region's aftermarket sector is characterized by stringent regulatory requirements, high consumer awareness of automotive technology, and a growing demand for aftermarket upgrades and customization. Sensor manufacturers and suppliers in Europe cater to a diverse range of vehicle applications, including passenger cars, commercial vehicles, and electric vehicles, driving innovation and competition in the aftermarket segment.

Asia-Pacific is a rapidly growing market for automotive electronics sensors, fueled by the region's expanding automotive industry, rising vehicle production, and increasing consumer demand for advanced vehicle features. The region's aftermarket sector benefits from a large vehicle fleet, diverse consumer preferences, and a growing aftermarket service network, creating opportunities for sensor manufacturers and suppliers to expand their presence and market share in key markets such as China, Japan, and India.

Middle East & Africa presents opportunities for the Automotive Electronics Sensor Aftermarket, driven by economic growth, urbanization, and increasing vehicle ownership in the region. The aftermarket sector in Middle East & Africa is characterized by a growing demand for aftermarket upgrades, customization, and vehicle maintenance services, creating opportunities for sensor manufacturers and suppliers to provide innovative solutions tailored to regional needs and preferences.

Major companies operating in Global Automotive Electronics Sensor Aftermarket are:

• Standard Motor Products Inc.
• Niterra North America, Inc.
• BorgWarner Inc.
• Robert Bosch GmbH
• Phinia Inc.
• TE Connectivity Ltd.
• Continental AG
• Denso Corporation

 

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“The Automotive Electronics Sensor Aftermarket as a dynamic ecosystem responding to the evolving demands of vehicle owners. They emphasize the aftermarket's crucial role in sustaining aging vehicles through sensor replacements and upgrades. The ongoing emphasis on innovation, compliance with regulatory standards, and the integration of advanced technologies position the aftermarket as a vital contributor to the continued efficiency and safety of the global automotive fleet.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Automotive Electronics Sensor Aftermarket – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Vehicles and Commercial Vehicles), By Type (Oxygen, LiDAR, Temperature, Position, Pressure, Speed), By Application (Powertrain, Body Electronics, Safety & Control, Telematics), By Region, Competition, 2019-2029F”, has evaluated the future growth potential of Global Automotive Electronics Sensor Aftermarket and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Automotive Electronics Sensor Aftermarket.

 

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