Powertrain Sensor Global Market Report 2024

Powertrain sensors are critical components in modern vehicles, playing essential roles in monitoring and enhancing the performance of the powertrain system. These sensors gather data and transmit it to the vehicle's onboard computer system, which utilizes this information to optimize performance, improve fuel efficiency, and ensure smooth operation.

The primary types of powertrain sensors include position sensors, speed sensors, pressure sensors, temperature sensors, and other specialized sensors. A position sensor detects and measures the displacement or movement of an object or component within a system. These sensors are integrated into various subsystems such as the drivetrain, engine, and exhaust, supporting different propulsion systems including internal combustion engines and electric vehicles. They find application across passenger cars and commercial vehicles, contributing to their efficient operation and performance.

The powertrain sensors market research report is one of a series of new reports that provides powertrain sensors market statistics, including powertrain sensors industry global market size, regional shares, competitors with a powertrain sensors market share, detailed powertrain sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the powertrain sensors industry. This powertrain sensors research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The powertrain sensor market size has grown strongly in recent years. It will grow from $20.85 billion in 2023 to $22.03 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be attributed to several factors including increasing infrastructural developments, rising purchasing power of consumers, growing popularity of e-mobility, increasing demand for luxury vehicles and electric vehicles, and the expanding adoption of powertrain sensors.

The powertrain sensor market size is expected to see strong growth in the next few years. It will grow to $27.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to several factors including increasing motor vehicle production, rising demand for automobiles, growing adoption of hybrid electric vehicles, increasing sales of commercial vehicles, rising demand for silicon temperature sensors, and expanding sales and production within both the passenger and commercial vehicle sectors. Major trends expected in this period include product development and innovation, technological advancements, integration of flexible installation options, development of hybrid sensor solutions, advancement in automotive technologies, establishment of wireless sensor networks, and integration of artificial intelligence for predictive maintenance purposes.

The powertrain sensor market is poised for growth driven by the increasing production of motor vehicles. Motor vehicle production encompasses the assembly of components to manufacture automobiles, trucks, and other vehicles, involving design, manufacturing, marketing, sales, repair, and maintenance. This growth in vehicle production is fueled by rising consumer demand and advancements in manufacturing technology that streamline processes and enhance efficiency. Powertrain sensors play a crucial role in vehicle production by enhancing performance, efficiency, and safety. They enable real-time diagnostics, ensure regulatory compliance, and provide valuable data for continuous improvement. For example, the European Automobile Manufacturers' Association reported a 5.7% increase in global motor vehicle production in 2022, reaching 85.4 million units, underscoring the market's momentum driven by increased vehicle production.

Leading companies in the powertrain sensor market are focused on innovation, particularly in developing products such as electric vehicle powertrain systems, to maintain their competitive edge. Electric vehicle powertrain systems are integral components that convert stored electrical energy into mechanical energy to propel the vehicle. Allegro MicroSystems Inc., a US-based semiconductor company, introduced the ACS37601 in March 2023, a high-precision field current sensor tailored for electric vehicle powertrain systems. This sensor enhances efficiency by accurately monitoring current flow, ensuring safe operation through precise data feedback, and optimizing performance to extend battery life in electric vehicles.

In December 2023, Toyo Engineering Corporation, a Japan-based engineering firm, acquired Rototest AB to bolster its automotive testing solutions portfolio. This acquisition aims to enhance research and development efficiency, expand market presence, and reinforce leadership in automotive testing equipment. Rototest AB, based in Sweden, specializes in advanced high-dynamic hub-coupled dynamometers, including powertrain sensors, aligning with Toyo's strategy to innovate and diversify in the automotive technology sector.

Major companies operating in the powertrain sensor market are Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, Continental AG, Texas Instruments Incorporated, Aptiv plc, Schaeffler AG, TE Connectivity Ltd., Infineon Technologies AG, Kyocera Corporation, NXP Semiconductors N.V., BorgWarner Inc., Amphenol Corporation, Renesas Electronics Corporation, Hella GmbH and Co. KGaA, Littelfuse Inc., Allegro MicroSystems LLC, Melexis NV, IAV Automotive Engineering Inc., CTS Corporation, PCB Piezotronics Inc., Delphi Technologies plc.

North America was the largest region in the powertrain sensor market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the powertrain sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the powertrain sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The powertrain sensor market consists of sales of engine speed sensors, camshaft position sensors, throttle position sensors, boost pressure sensors, mass air flow sensors, and engine coolant temperature sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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