Global Passenger Car Sensors Market, By Type (Compact, Midsize, Luxury, SUVs), Sensor Type (Pressure Sensors, Position Sensors, Speed Sensors, Temperature Sensors, O2 and NOx Sensors, Safety and Comfort Sensors, Others), Application (Powertrain/Drivetrain System Sensors, Exhaust System Sensors, Interior/Comfort System Sensor, Body Control System Sensor, Safety/Das Sensors) – Industry Trends and Forecast to 2030.
Passenger Car Sensors Market Analysis and Size
Public awareness of security and safety is a major determinant that will enhance the demand for passenger car sensors in the past few years. For instance, The World Forum for Harmonization of Vehicle Regulations has issued some technical regulations for vehicle safety, including technical requirements for On-board diagnostics (OBD) and electronic stability control systems for road vehicles. The “speed sensor” is expected to be the fastest growing sensor type segment due to its increased major application in controlling and monitoring the speed of the vehicles.
Data Bridge Market Research analyses that the passenger car sensors market was valued at USD 129.80 billion in 2022 and is expected to reach the value of USD 258.63 billion by 2030, at a CAGR of 9.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Passenger Car Sensors Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Type (Compact, Midsize, Luxury, SUVs), Sensor Type (Pressure Sensors, Position Sensors, Speed Sensors, Temperature Sensors, O2 and NOx Sensors, Safety and Comfort Sensors, Others), Application (Powertrain/Drivetrain System Sensors, Exhaust System Sensors, Interior/Comfort System Sensor, Body Control System Sensor, Safety/Das Sensors)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Continental AG (Germany), Robert Bosch GmbH (Germany), DENSO Corporation (Japan), TE Connectivity (Switzerland), BorgWarner Inc. (U.K.), Allegro MicroSystems (U.S.), Analog Devices, Inc, (U.S.), Infineon Technologies AG (Germany), NXP Semiconductor (Netherlands), ZF Friedrichshafen AG (Germany), Hitachi, Ltd (Japan), STMicroelectronics (Switzerland), VALEO (France), Semiconductor Components Industries, LLC (U.S.), CTS Corporation (U.S.), Elmos Semiconductor SE (Germany), Sensirion AG (Switzerland), Thor Industries (U.S.), Autoliv (Sweden)
A passenger car sensor is an electronic device that monitors numerous aspects of the car and sends information to the driver or Electronic Control Unit (ECU). In certain situations, the Electronic Control Unit (ECU) automatically creates adjustments to the particular part based on the information received from the sensor. Passenger car sensors can monitor several aspects of a car, such as its engine, oil pressure, emission levels, temperature, coolant system, and vehicle speed.
Global Passenger Car Sensors Market Dynamics
- Increasing availability of additional sensors in passenger car
Additional sensors such as chassis, body, and powertrain sensors play a vital role in the growth of the passenger car sensors market. Powertrain sensors are crucial for properly operating the transmission system, alternator and engine. Braking, suspension and steering functions are all observed by chassis sensors. A sensor cluster is used in SAE AV automobiles' ADAS, power steering, and braking systems. Body sensors assess the vehicle's performance and condition across various factors. Body sensors, for instance, transmit and gather information on seat occupancy, door/roof closing and can trigger alarms and perform basic functions as a result. Thus, autonomous cars equipped with an extensive range of sensors which can diminish driver stress while growing productivity. As a result, the increasing use of autonomous passenger cars is expected to drive market growth.
- Increasing demand of electric vehicles
The growing popularity of electric vehicles and stringent rules to limit carbon emission have increased electric car sales in many nations. According to states the International Energy, In U.S. electric vehicle registration raised 3X in the last four years with approx., 1.8 million total registrations till 2020, The increasing adoption of proximity and temperature sensors in smart electric vehicles as a part of its safety system will fuel the market growth in the forecast period.
- Introduction of advanced driver assistance systems (ADAS)
The introduction of advanced driver assistance systems (ADAS) is one of the major factors that will create ample opportunity for the growth of passenger car sensors market. The advanced driver assistance systems (ADAS increase driver safety to a great large by minimalizing the effects of diver’s flaws. This system works as a co-driver system by providing situation-based instructions, warnings and advice to the driver, along with information related to traffic safety norms.
- Rising demand of passenger car sensors due to multiple features
Passenger car sensor helps to manage the engine in an automobile. These products have proven helpful in the smooth functioning of any car engine by regulating fuel consumption and allowing the automobile operate efficiently. Besides this, car sensors are also beneficial in handling pressure and temperature and monitoring the currents, powertrain and light. These product features could boost the demand of the product contribute to the overall growth overall market in upcoming period.
- Limitations in passenger car sensors market
The market of passenger car sensors has certain limitations which can hinder the growth of the market such as the regulations for diagnostics, high pricing of sensor products along with improved computing capabilities and increasing expectation of the OEM’s. Furthermore, the lowered driver’s involvement has the potential to challenge the growth of the market in the above mentioned forecast period.
This passenger car sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the passenger car sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
- In April 2021, Honda released its modern advanced driver-assistance system (ADAS) named “Honda Sensing Elite”. This system is only for a special range of vehicles available in Japan. This system comes with Traffic Jam pilot module and has SAE level 3 capabilities.
Global Passenger Car Sensors Market Scope
The passenger car sensors market is segmented based on type, sensor type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Pressure Sensors
- Tire Pressure Sensors
- EGR Pressure Sensors
- Airflow Rate Sensors
- Position Sensors
- Clutch Position Sensors
- Gear Position Sensors
- Throttle Position Sensors
- Crankshaft Position Sensors
- Steering Angle Position Sensors
- Camshaft Position Sensors
- Speed Sensors
- Wheel Speed Sensors
- Temperature Sensors
- Engine Coolant Temperature Sensors
- Rain/humidity Sensors
- Oil/Fuel Temperature Sensors
- Battery Temperature Sensors
- Air Temperature Sensors
- O2 and NOx Sensors
- Safety and Comfort Sensors
- Seat Belt Sensors
- Brake Switch Sensors
- Door Switch Sensors
- ADAS Sensors
- Blind Spot Detection
- Night Vision Sensors
- Light Sensors
- Parking Sensors
- Cruise Control
- Impact Sensors
- Anti-theft Sensors
- Knock Detection Sensors
- Powertrain/Drivetrain System Sensors
- Exhaust System Sensors
- Interior/Comfort System Sensor
- Body Control System Sensor
- Safety/Das Sensors
Passenger Car Sensors Market Regional Analysis/Insights
The passenger car sensors market is analyzed and market size insights and trends are provided by country, type, sensor type and application as referenced above.
The countries covered in the passenger car sensors market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the passenger car sensors market in revenue growth. This is mainly due to this region's increasing population and constant fiscal conditions. North America encourages passenger car manufacturers to focus on the evolving parts where the passenger car population is growing fast.
Asia-Pacific is projected to be the fastest developing region during the forecast period of 2023-2030 due to the increasing dual-income, enabling the use of safety technologies in the region. Furthermore, Japan and China are also witnessing significant growth in this region's passenger car sensors market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Passenger Car Sensors Market Share Analysis
The passenger car sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to passenger car sensors market.
Some of the major players operating in the passenger car sensors market are:
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- DENSO Corporation (Japan)
- TE Connectivity (Switzerland)
- BorgWarner Inc. (U.K.)
- Allegro MicroSystems (U.S.)
- Analog Devices, Inc, (U.S.)
- Infineon Technologies AG (Germany)
- NXP Semiconductor (Netherlands)
- ZF Friedrichshafen AG (Germany)
- Hitachi, Ltd (Japan)
- STMicroelectronics (Switzerland)
- VALEO (France)
- Semiconductor Components Industries, LLC (U.S.)
- CTS Corporation (U.S.)
- Elmos Semiconductor SE (Germany)
- Sensirion AG (Switzerland)
- Thor Industries (U.S.)
- Autoliv (Sweden)