Growing Demand for Automotive Sensors to Drive Market to $67 Billion by 2030

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 Industry Experts, Inc. has released its latest report on the Automotive Sensors Market, estimating the market size at $33.2 billion in 2024, with projections to reach $66.8 billion by 2030, growing at a CAGR of 12.4% from 2024 to 2030.

Key Market Drivers

The increasing adoption of advanced driver-assistance systems (ADAS) and in-vehicle safety features is a major factor fueling demand for automotive sensors. Consumers now prefer vehicles that offer enhanced safety, convenience, and connectivity, pushing manufacturers to integrate more sensors into vehicle designs. Additionally, stringent regulatory policies aimed at improving vehicle safety and reducing emissions (such as NOx and carbon monoxide) are further accelerating sensor adoption.

Regional Insights

Asia-Pacific dominates the global automotive sensors market and is expected to remain the fastest-growing region during the forecast period. China has emerged as a global automotive production hub, significantly boosting sensor demand. Countries like Japan, South Korea, and India are also contributing to the region’s market strength. The increasing shift toward electric and hybrid vehicles to combat pollution has further driven demand for sensors used in emission monitoring, battery management, and autonomous features.

Market Segmentation

The report provides an in-depth analysis of the Automotive Sensors Market across major regions, including:

  • North America (United States, Canada, Mexico)
  • Europe (France, Germany, Italy, Russia, Spain, United Kingdom, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • South America (Argentina, Brazil, Rest of South America)
  • Middle East & Africa

Sensor Types Analyzed

  • Gas Sensors
  • Image Sensors
  • Position Sensors
  • Pressure Sensors
  • Safety Sensors
  • Speed Sensors
  • Temperature Sensors
  • Others (LiDAR, Radar, Magnetic, Knock, Humidity, Torque Sensors, etc.)

Application Segments

  • Chassis
  • Exhaust Systems
  • Powertrain Systems
  • Safety & Security Systems
  • Telematics
  • Vehicle Body Electronics

Vehicle Types

  • Passenger Cars (PCs)
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

Additionally, the report examines OEM Fitting vs. Aftermarket Fitting, providing insights into sensor installation trends in the industry.

About Industry Experts, Inc.

Industry Experts, Inc. is a leading global market research provider, offering off-the-shelf and customized business intelligence reports. The company's research provides strategic insights to corporate strategists, analysts, researchers, and startups seeking accurate and unbiased market data.

For more details, contact us at +1-320-497-3787 or visit Industry Experts, Inc.

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