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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