Automotive Sensors Market Trends, Analysis & Forecast, 2032

Automotive Sensor Market is estimated to grow considerably through 2032 owing to its wide adoption in automobiles to ensure optimum safety and efficiency. Rising demand for automobiles owing to increased disposable income coupled with several schemes and policies initiated by the government will positively favor the industry outlook. For instance, in September 2021, the Government of India issued a notification regarding a PLI scheme for auto components and automobiles worth US$ 3.49 billion to enhance domestic manufacturing, investments, and export of telecom and networking products.

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Based on the product, the current sensor segment is slated to grow considerably during 2023-2032. Product benefits such as high accuracy, linearity, a wide frequency bandwidth, and the ability to reduce current consumption from milliamps to microamps enhance its adoption across vivid applications.

By vehicle, the HCV (Heavy Commercial Vehicle) segment will register noticeable gains through 2032. The growth will be credited to the budding automotive sensors demand for advanced safety and efficient performance in interior & exterior systems, suspension systems, chassis, and powertrain systems. Moreover, mounting sales and production of HCVs worldwide would add to the market prospects. According to sources, the United States recorded more than 12 million HCV sales between 2005-2021.

Considering the propulsion type, the diesel segment held 5% market share in 2022. Automotive sensors help the drivers detect faulty components, control them automatically and maintain the engine properly with the devices. Besides, mass airflow sensors are used in diesel engines to compute the maximum injection amount and regulate the exhaust gas recirculation rate.

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Regionally, the North American automotive sensor market is anticipated to grow tremendously through 2032. The regional growth will be due to increasing demand for automotive sensors services in industrial sectors such as healthcare, government, corporate offices, and universities. Surging inclination towards electrification in automobiles, stringent environmental regulations, and growing consumer demand for safety and comfort will positively influence the regional growth in the coming years.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive summary

2.1    Automotive sensors industry 360⁰ synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM) trends

2.3    Regional trends

2.4    Product trends

2.5    Vehicle type trends

2.6    Propulsion type trends

2.7    Application trends

Chapter 3   Automotive Sensor Industry Insights

3.1    Impact of COVID-19 on the market

3.1.1    Impact by region

3.1.1.1    North America

3.1.1.2    Europe

3.1.1.3    Asia Pacific

3.1.1.4    Latin America

3.1.1.5    MEA

3.2    Industry ecosystem analysis

    3.2.1  Raw material & component supplier

    3.2.2  Manufacturer

    3.2.4  Tier I suppliers

    3.2.5  Automotive manufacturers

    3.2.6  Vendor matrix

3.3    Technology & innovation landscape

3.3.1    Coreless current sensors

3.3.2    Packaging trend in current sensors

3.3.3    Contactless speed sensor

3.3.4    GMR-based speed sensor

3.3.5    4D imaging radar (Arbe)

3.3.6    Integration of polybutylene terephthalate (PBT) resins in radar sensors

3.4    Overview of the fuel cell vehicle market

3.4   Technology and innovation landscape

3.4.1   Proton Exchange Membrane or Polymer Electrolyte Membrane (PEM) Technology

3.4.2   Alkaline Fuel Cells (AFC)

3.4.3   Direct Methanol Fuel Cells (DMFC)

3.4.4   Phosphorous Acid, Molten Carbonate, and Solid Oxide Fuel Cells

3.4.5   GPS and Navigation

3.4.6   Efficient catalyst material for polymer electrolyte membrane fuel cell (PEMFC)

3.4.7   Fuel cell technology powered by solid carbon

3.5    Regulatory landscape

3.5.1   International Standards

3.5.1.1    ISO 26262

3.5.1.2    ISO 23150:2021

3.5.1.3    AEC-Q100

3.5.1.4    ISO 16844-4:2015(en)

3.5.1.5    ISO 19206-2:2018(en)

3.5.1.6    ISO 12614-18

3.5.1.7    ISO17386:2010(en)

3.5.1.8    IEC 61508

3.5.1.9    ISO/PAS 21448:2019

3.5.1.10    IEEE P2020

3.5.1.11    ISO 19926-1:2019

3.5.2   North America

3.5.2.1    The National Institute of Standards and Technology (NIST)

3.5.2.2    Canadian Standards Association (CSA)

3.5.2.3    FCC 12-72

3.5.2.4    ASTM F2070

3.5.3   Europe

3.5.3.1    ETSI TR 103 593 V

3.5.3.2    EU REACH

3.5.3.3    The Restriction of Hazardous Substances Directive 2002/95/EC

3.5.3.4    CE

3.5.4   Asia Pacific

3.5.4.1    China Association for Automobile Manufacturers

3.5.4.2    AIS- 145

3.5.4.3    AIS - 004

3.5.4.4    TIS 3026-2563

3.5.4.5    TR 25 - (+A1): 2020- Singapore Standards

3.5.4.6    VSCC Certification for Automotive and vehicle components – Taiwan

3.5.4.7    KC Certification, South Korea

3.5.5   Latin America

3.5.5.1    Mexico NOM Certification (NOM-121-SCFI-2004)

3.5.5.2    Chile 3CV certification

3.5.5.3    Normas Regulamentadoras (NR13)

3.5.6   MEA

3.5.6.1    UAE Telecommunications Regulatory Authority (TRA)

3.5.6.2    GSO ISO 21750:2007

3.5.6.3    Bahrain Non-Ionic Radiation regulation for Electromagnetic Fields. (Resolution No.4)

3.6    Industry impact forces

3.6.1   Growth drivers

3.6.1.1    Stringent government regulations in North America and Europe

3.6.1.2    Increasing demand for hybrid and electrical vehicles globally

3.6.1.3    Rising advancements and developments in ADAS technology

3.6.1.4    Proliferation of automotive manufacturers in Asia Pacific

3.6.1.5    Rising demand for automotive magnetic sensors in tracking and navigation systems

3.6.2   Industry pitfalls and challenges

3.6.2.1    High cost associated with LiDAR sensors

3.7    Growth potential analysis

3.8    Porter’s analysis

3.8.1    Supplier power

3.8.2    Buyer power

3.8.3    Threat of new entrants

3.8.4    Threat of substitutes

3.8.5    Internal rivalry

3.9    PESTEL analysis

 

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