Automotive Sensors - Global Strategic Business Report

The global market for Automotive Sensors is estimated at US$35.1 Billion in 2023 and is projected to reach US$86.6 Billion by 2030, growing at a CAGR of 13.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the automotive sensors market is driven by several factors. The increasing adoption of advanced driver-assistance systems (ADAS) and the development of autonomous vehicles are primary drivers, necessitating the use of sophisticated sensors for navigation and safety. Technological advancements in sensor technology, such as miniaturization, connectivity, and AI integration, are enhancing sensor performance and driving market growth.

Consumer demand for enhanced safety, convenience, and connectivity in vehicles is prompting manufacturers to integrate more sensors into their designs. Regulatory standards aimed at improving vehicle safety and reducing emissions are also accelerating the adoption of automotive sensors. Additionally, strategic initiatives by market players, including research and development investments, partnerships, and market expansion efforts, are fostering innovation and driving growth.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Powertrain Systems Application segment, which is expected to reach US$28.9 Billion by 2030 with a CAGR of a 14.1%. The Exhaust Systems Application segment is also set to grow at 13.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $8.9 Billion in 2023, and China, forecasted to grow at an impressive 17.6% CAGR to reach $21.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Automotive Sensors Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Sensors Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Automotive Sensors Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Allegro MicroSystems LLC, Analog Devices, Inc., Bourns, Inc., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 92 Featured):

• Allegro MicroSystems LLC
• Analog Devices, Inc.
• Bourns, Inc.
• Continental AG
• CTS Corporation
• Delphi Technologies
• Denso Corporation
• Hella KGaA Hueck & Co.
• Hitachi Automotive Systems, Ltd.
• Infineon Technologies AG
• Kistler Group
• Melexis NV
• Micralyne, Inc.
• NGK Spark Plugs (U.S.A.), Inc.
• Novotechnik
• NXP Semiconductors N.V.
• Omron Corporation
• OSRAM Opto Semiconductors GmbH
• Robert Bosch GmbH
• Sensata Technologies
• SSI Technologies, Inc.
• TDK-Micronas GmbH
• TT Electronics Plc
• Valeo S.A.
• ZF Friedrichshafen AG