Automotive Sensors Market By Share, Size and Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 28.20 Billion
CAGR (2023-2028)	6.63%
Fastest Growing Segment	Safety & Comfort Sensors
Largest Market	North America

Market Overview

The projected market size for the global automotive sensors market is expected to reach USD 28.20 billion by the end of 2022, with a compound annual growth rate (CAGR) of 6.63% during the forecast period. The global automotive sensors market is a dynamic and vital component of the automotive industry, encompassing a wide array of sensor types that play a fundamental role in modern vehicles. These sensors enable real-time data collection and processing, contributing to enhanced safety, efficiency, and performance. As vehicles become more technologically advanced and autonomous driving capabilities evolve, the demand for automotive sensors continues to surge. These sensors are integral to various vehicle systems, such as engine management, emissions control, driver assistance, and connectivity. With the shift towards electric and hybrid vehicles and the integration of Internet of Things (IoT) technology, the automotive sensors market is poised for further growth and innovation, shaping the future of transportation.

Key Market Drivers

Rising Demand for Advanced Driver Assistance Systems (ADAS)

The growing emphasis on road safety and the mitigation of accidents is driving the adoption of Advanced Driver Assistance Systems (ADAS). These systems rely heavily on various automotive sensors such as radar, LiDAR, cameras, and ultrasonic sensors to provide real-time information about the vehicle's surroundings and assist in tasks like lane departure warning, adaptive cruise control, automatic emergency braking, and parking assistance. The increasing awareness of road safety and stringent regulatory norms for vehicle safety are propelling the integration of ADAS, which in turn is fueling the demand for automotive sensors.

Electrification and Hybridization of Vehicles

The global automotive industry is witnessing a significant shift towards electrification and hybridization to reduce greenhouse gas emissions and enhance fuel efficiency. Electric and hybrid vehicles require a sophisticated network of sensors to monitor battery health, energy consumption, regenerative braking, and thermal management. Additionally, electric vehicles need sensors for electric powertrain components such as electric motors and power electronics. The integration of sensors ensures the optimal functioning of these vehicles, maximizing energy efficiency and maintaining performance. As governments worldwide push for stricter emission norms and consumers demand eco-friendly alternatives, the demand for automotive sensors in electric and hybrid vehicles is set to soar.

Autonomous Driving and Connectivity

The race towards autonomous vehicles and the proliferation of connected cars are driving significant demand for automotive sensors. Autonomous vehicles rely on an intricate combination of sensors, including LiDAR, radar, cameras, and ultrasonic sensors, to perceive their environment and navigate safely without human intervention. Moreover, connected cars require sensors for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, enabling real-time data exchange for traffic management, navigation, and predictive maintenance. The evolution of these technologies is pushing manufacturers to integrate more sensors into vehicles, creating a surge in demand for these components.

Stringent Emission and Fuel Efficiency Standards

Governments worldwide are imposing stringent emission regulations and fuel efficiency standards to combat environmental issues and reduce dependence on fossil fuels. Automotive sensors play a crucial role in meeting these standards by optimizing engine performance, monitoring exhaust emissions, and enhancing fuel efficiency. Sensors such as oxygen sensors, NOx sensors, and particulate matter sensors contribute to accurate emission measurements and efficient catalytic converter operation. As automotive manufacturers strive to meet these regulatory requirements, the demand for sensors that contribute to improved combustion efficiency, emission reduction, and overall vehicle efficiency is on the rise. Moreover, the focus on sustainable mobility is driving investments in sensor technology to enhance eco-friendly driving solutions.

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Key Market Challenges

Complexity of Sensor Integration and Calibration

One of the primary challenges facing the global automotive sensors market is the complexity of integrating and calibrating sensors within modern vehicles. As vehicles become more advanced and incorporate a multitude of sensors for various functions, the process of ensuring seamless communication and operation among these sensors becomes intricate. Different sensors with varying technologies and data outputs need to work together harmoniously to provide accurate information to vehicle systems and control units. Achieving this requires sophisticated calibration processes that account for factors like sensor accuracy, environmental conditions, and vehicle dynamics.

Furthermore, the increasing integration of sensors in advanced driver assistance systems (ADAS) and autonomous driving technologies amplifies the complexity. These systems demand a high degree of accuracy, reliability, and synchronization among sensors to make split-second decisions for vehicle control and safety. Ensuring precise sensor fusion and calibration is essential to prevent false alarms, misinterpretations of data, or improper functioning of safety-critical features. Addressing this challenge requires extensive research, testing, and collaboration among automakers, sensor manufacturers, and technology partners. The development of standardized communication protocols, sophisticated sensor fusion algorithms, and robust calibration methods is crucial to overcoming the complexity associated with integrating and calibrating multiple sensors within a vehicle.

Data Security and Privacy Concerns

With the increasing connectivity of vehicles and the integration of IoT technology, data security and privacy concerns have emerged as significant challenges in the automotive sensors market. Connected vehicles generate vast amounts of data that are transmitted to external networks for various purposes, including remote diagnostics, over-the-air updates, and navigation services. This data includes sensitive information about vehicle performance, driver behavior, and location.

Ensuring the security and privacy of this data is paramount, as any breach could compromise vehicle safety, user privacy, and even lead to cyberattacks that disrupt vehicle operation. The potential consequences of data breaches are particularly concerning in the context of autonomous vehicles, where compromised sensors or communication systems could have life-threatening implications. Manufacturers and stakeholders must invest in robust cybersecurity measures to safeguard data from unauthorized access and malicious attacks. This involves implementing encryption protocols, intrusion detection systems, secure communication channels, and continuous monitoring of connected vehicle systems. Striking the right balance between data sharing for vehicle performance optimization and safeguarding user privacy is a complex challenge that necessitates collaboration between automakers, regulators, and technology providers.

Key Market Trends

Proliferation of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving

The automotive industry is witnessing a rapid proliferation of Advanced Driver Assistance Systems (ADAS) and autonomous driving technologies, giving rise to significant market trends in the realm of automotive sensors. ADAS technologies encompass a wide range of features such as adaptive cruise control, lane departure warning, automatic emergency braking, and parking assistance, all of which heavily rely on sensors to provide real-time data about the vehicle's surroundings. The integration of sensors like radar, LiDAR, cameras, and ultrasonic sensors is essential for accurate perception, object detection, and decision-making by the vehicle. As automakers and technology companies accelerate their efforts in developing autonomous vehicles, the demand for high-performance sensors that enable precise navigation, obstacle detection, and safe autonomous operation is driving innovation in the automotive sensors market.

Rapid Evolution of Electric and Hybrid Vehicles

The global shift towards electrification and hybridization of vehicles is significantly influencing the automotive sensors market. Electric and hybrid vehicles require a diverse range of sensors to monitor battery health, energy consumption, regenerative braking, thermal management, and electric powertrain components. These sensors ensure the optimal functioning of the vehicle's propulsion system, enhancing energy efficiency and extending battery life. Moreover, the adoption of electric and hybrid vehicles is prompting the development of specialized sensors tailored to the unique challenges of electric mobility. As consumer demand for environmentally friendly transportation solutions grows and governments impose stricter emission regulations, automakers are investing in sensor technologies that support the successful integration and performance of electric and hybrid vehicles.

Integration of Connectivity and IoT Technology

The integration of connectivity and Internet of Things (IoT) technology is a significant trend in the automotive industry, and it is having a profound impact on the automotive sensors market. Connected vehicles enable real-time data exchange between vehicles, infrastructure, and the cloud, contributing to enhanced safety, convenience, and efficiency. These vehicles require sensors that facilitate vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, allowing for features such as real-time traffic updates, predictive maintenance, and remote diagnostics. Moreover, the influx of data generated by connected cars necessitates advanced sensor technology for accurate data collection, analysis, and utilization. As automotive manufacturers focus on creating seamless connectivity experiences for consumers, the demand for sensors that enable reliable and secure data transmission is expected to increase, shaping the direction of the automotive sensors market.

Segmental Insights

Application Insights

Based on application, the powertrain segment emerges as the predominant segment, exhibiting unwavering dominance projected throughout the forecast period. The powertrain application relies on a diverse array of sensors to monitor and optimize various aspects of the vehicle's propulsion system. These sensors play a critical role in ensuring efficient power delivery, fuel economy, emissions control, and overall performance. They monitor parameters such as engine temperature, speed, torque, and exhaust gases, enabling precise control and calibration of the powertrain components. As automotive technology continues to evolve toward greater efficiency and sustainability, the significance of powertrain/drivetrain sensors remains paramount. Consequently, the projected dominance of this segment underscores its pivotal role in shaping the automotive sensors market, revolutionizing the way vehicles are powered and operated.

Vehicle Type Insights

Based on vehicle type, the passenger cars segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. Passenger cars represent the largest segment of the automotive industry, encompassing a diverse range of vehicles designed for individual and family transportation. As technological advancements and consumer demands continue to reshape the automotive landscape, sensors play a pivotal role in enhancing the safety, comfort, and performance of passenger cars. From advanced driver assistance systems (ADAS) to infotainment and connectivity features, sensors are at the core of these innovations, enabling vehicles to sense their surroundings, interact with occupants, and deliver an enhanced driving experience. With the growing integration of electric powertrains, hybrid systems, and autonomous driving capabilities in passenger cars, the demand for a wide array of sensors is expected to intensify, reaffirming their influential role in shaping the direction of the automotive sensors market.

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Regional Insights

Asia Pacific stands resolutely as a dominant force within the global automotive sensors market, solidifying its preeminent position and underscoring its pivotal role in steering the industry's trajectory. Renowned for its burgeoning automotive manufacturing landscape, Asia Pacific has become a hub of innovation and production, fostering an environment ripe for sensor technology advancements. The region's automotive giants, technological prowess, and economic growth have propelled it to the forefront of sensor adoption, deployment, and development. As vehicles become smarter, safer, and more connected, Asia Pacific's influence becomes increasingly evident, with the region driving the integration of sensors that power advanced driver assistance systems (ADAS), electrification, and connectivity. This pivotal role is poised to persist, as Asia Pacific's automotive market continues to expand, setting new standards and trends that reverberate throughout the global automotive sensors industry.

Recent Developments

In January 2023, NXP Semiconductors N.V. (NXP) revealed its involvement in the initial developmental stages of upcoming automotive ventures by VinFast during CES 2023. VinFast's ambition lies in harnessing NXP's processors, semiconductors, and sensors, while NXP reciprocates by delivering premier solutions aimed at expediting time-to-market. This collaborative partnership will center on expert synergies, with the primary objective of creating advanced electric vehicles (EVs) through the utilization of NXP's esteemed reference assessment platforms and software layers.
In December 2022, Continental AG (Continental) unveiled its lineup of modules and sensors specifically designed for electromobility. The company introduced its Advanced Driver Assistance Systems (ADAS), seamlessly integrated into the "CV3" SoC (System on Chip) family, enriched with artificial intelligence (AI) technology sourced from semiconductor startup Ambarella.
In November 2022, Infineon Technologies AG introduced the newest member, the XENSIV TLE4971 family, to its existing sensor series tailored for automotive applications. This addition enhances Infineon’s sensor lineup by offering accurate magnetic current sensing capabilities, utilizing proprietary temperature and stress compensation techniques. Notably, the XENSIV TLE4971 devices mitigate the adverse impacts associated with magnetic cores, effectively addressing hysteresis or saturation effects.

Key Market Players

NXP Semiconductors NV
DENSO Corporation
Robert Bosch GmbH
Texas Instruments Inc.
Aptiv PLC (Delphi Automotive)
CTS Corporation
Maxim Integrated Products Inc.
Infineon Technologies AG
Analog Devices Inc.
Sensata Technologies Holding PLC

By Sensor Type	By Application	By Vehicle Type	By Region
Oxygen Sensors Pressure Sensors Temperature Sensors Image Sensors Speed Sensors Other	Powertrain Body Electronics Chassis Telematic Others	Passenger Cars Light Commercial Vehicle Heavy Commercial Vehicles	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the global automotive sensors market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Automotive Sensors Market, By Sensor Type:

o Oxygen Sensors

o Pressure Sensors

o Temperature Sensors

o Image Sensors

o Speed Sensors

o Other

Global Automotive Sensors Market, By Application:

o Powertrain

o Body Electronics

o Chassis

o Telematic

o Others

Global Automotive Sensors Market, By Vehicle Type:

o Passenger Cars

o Light Commercial Vehicle

o Heavy Commercial Vehicles

Global Automotive Sensors Market, By Region:

o North America

o Europe

o South America

o Middle East & Africa

o Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Sensors Market.

Available Customizations:

Global Automotive Sensors market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Sensors Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Automotive Sensors Market

5. Voice of Customer

6. Global Automotive Sensors Market Overview

7. Global Automotive Sensors Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Sensor Type (Pressure Sensors, Position Sensors, Speed Sensors, Temperature Sensors, O2 & Nox Sensors, Safety & Comfort Sensors, Others)

7.2.2. By Application (Powertrain/Drivetrain, Exhaust, Interior/Comfort, Safety/Das Sensors, Body Control)

7.2.3. By End User (Compact, Midsize, Luxury, SUVs)

7.2.4. By Region

7.3. By Company (2022)

7.4. Market Map

8. North America Automotive Sensors Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Sensor Type

8.2.2. By Application

8.2.3. By End User

8.3. North America: Country Analysis

8.3.1. United States Automotive Sensors Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Sensor Type

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2. Canada Automotive Sensors Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Sensor Type

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3. Mexico Automotive Sensors Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Sensor Type

8.3.3.2.2. By Application

8.3.3.2.3. By End User

9. Europe Automotive Sensors Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Sensor Type

9.2.2. By Application

9.2.3. By End User

9.3. Europe: Country Analysis

9.3.1. Germany Automotive Sensors Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Sensor Type

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2. United Kingdom Automotive Sensors Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Sensor Type

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3. France Automotive Sensors Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Sensor Type

9.3.3.2.2. By Application

9.3.3.2.3. By End User

9.3.4. Spain Automotive Sensors Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Sensor Type

9.3.4.2.2. By Application

9.3.4.2.3. By End User

9.3.5. Italy Automotive Sensors Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Sensor Type

9.3.5.2.2. By Application

9.3.5.2.3. By End User

10. South America Automotive Sensors Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Sensor Type

10.2.2. By Application

10.2.3. By End User

10.3. South America: Country Analysis

10.3.1. Brazil Automotive Sensors Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Sensor Type

10.3.1.2.2. By Application

10.3.1.2.3. By End User

10.3.2. Argentina Automotive Sensors Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Sensor Type

10.3.2.2.2. By Application

10.3.2.2.3. By End User

10.3.3. Colombia Automotive Sensors Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Sensor Type

10.3.3.2.2. By Application

10.3.3.2.3. By End User

11. Middle East & Africa Automotive Sensors Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Sensor Type

11.2.2. By Application

11.2.3. By End User

11.3. Middle East & America: Country Analysis

11.3.1. Israel Automotive Sensors Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Sensor Type

11.3.1.2.2. By Application

11.3.1.2.3. By End User

11.3.2. Qatar Automotive Sensors Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Sensor Type

11.3.2.2.2. By Application

11.3.2.2.3. By End User

11.3.3. UAE Automotive Sensors Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Sensor Type

11.3.3.2.2. By Application

11.3.3.2.3. By End User

11.3.4. Saudi Arabia Automotive Sensors Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Sensor Type

11.3.4.2.2. By Application

11.3.4.2.3. By End User

12. Asia Pacific Automotive Sensors Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Sensor Type

12.2.2. By Application

12.2.3. By End User

12.3. Asia Pacific: Country Analysis

12.3.1. China Automotive Sensors Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Sensor Type

12.3.1.2.2. By Application

12.3.1.2.3. By End User

12.3.2. Japan Automotive Sensors Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Sensor Type

12.3.2.2.2. By Application

12.3.2.2.3. By End User

12.3.3. South Korea Automotive Sensors Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Sensor Type

12.3.3.2.2. By Application

12.3.3.2.3. By End User

12.3.4. India Automotive Sensors Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Sensor Type

12.3.4.2.2. By Application

12.3.4.2.3. By End User

12.3.5. Australia Automotive Sensors Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Sensor Type

12.3.5.2.2. By Application

12.3.5.2.3. By End User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. NXP Semiconductors NV

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2. DENSO Corporation

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3. Robert Bosch GmbH

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4. Texas Instruments Inc.

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5. Aptiv PLC (Delphi Automotive)

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6. CTS Corporation

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7. Maxim Integrated Products Inc.

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8. Infineon Technologies AG

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9. Sensata Technologies Holding PLC

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10. Analog Devices, Inc.

15.10.1. Business Overview

15.10.2. Key Financials & Revenue

15.10.3. Key Contact Person

15.10.4. Headquarters Address

15.10.5. Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Automotive Sensors Market in 2022?

The market size of the global automotive sensors market was estimated to be USD 28.20 Billion in 2022.

Which was the dominant segment by sensor type in the Global Automotive Sensors Market in 2022?

In 2022, temperature sensors were the dominant segment by sensor type in the global automotive sensors market. These sensors are pivotal in monitoring and regulating critical components' temperatures within vehicles, ensuring optimal performance, and preventing overheating. With a strong foothold in various applications, from engine efficiency to emissions control, temperature sensors hold a steadfast role in shaping the automotive industry's trajectory, particularly as advancements like electrification and thermal management systems continue to gain momentum.

Which are the key players in the Global Automotive Sensors Market?

Key players in the market are NXP Semiconductors NV, DENSO Corporation, Robert Bosch GmbH, Texas Instruments Inc., Aptiv PLC (Delphi Automotive), CTS Corporation, Maxim Integrated Products Inc., Infineon Technologies AG, Analog Devices Inc., Sensata Technologies Holding PLC, and others.

What are the major drivers for the Global Automotive Sensors Market?

Rising demand for advanced driver assistance systems (ADAS) and increasing electrification & hybridization of vehicles are the major drivers for the global automotive sensors market.

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Press Release

Automotive Sensors Market to be Led by increasing electrification & hybridization of vehicles across the Globe Through 2028

Nov, 2023

Rising demand for Advanced Driver Assistance Systems (ADAS) is driving the Implementation of Automotive Sensors market across the Globe.

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