Automotive Engine Sensors Market Size to grow by USD 4239.3 million between 2024-2028
According to a research report “ Automotive Engine Sensors Market” by Product (Process sensors, Position sensors) Vehicle Type (Passenger cars, Commercial vehicles) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4239.3 million, at a CAGR of 3.27% during the forecast period. The automotive industry is experiencing a significant surge in demand for vehicles that offer improved fuel efficiency, enhanced safety features, and reduced emissions. This trend is driven by consumer preferences for better driving experiences and sustainable mobility solutions. To meet these demands, automakers are increasingly integrating advanced engine sensors into their vehicles. These sensors, including pressure sensors, position sensors, and temperature sensors, optimize engine performance and contribute to increased fuel efficiency and reduced emissions. As personal mobility becomes a necessity rather than a luxury in developing regions such as APAC, the market for automotive engine sensors is poised for substantial growth. Consequently, automotive engine sensor suppliers are well-positioned to capitalize on this trend, as their offerings cater to the evolving demands of consumers for safer and more efficient vehicles..
Browse market data tables, figures, and in-depth TOC on “Automotive Engine Sensors Market” by Product (Process sensors, Position sensors) Vehicle Type (Passenger cars, Commercial vehicles) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Process sensors segment is projected to dominate the market size in 2024
The Automotive Engine Sensors Market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for advanced driver assistance systems (ADAS) and emission regulations. These sensors play a crucial role in monitoring engine performance, fuel efficiency, and emissions. Market growth is driven by factors such as rising vehicle production and sales, as well as the integration of sensors into electric and autonomous vehicles. Companies that can provide reliable, high-performance sensors with cost-effective solutions will be well-positioned to succeed in this competitive market.
By Vehicle Type, Passenger cars segment is expected to hold the largest market size for the year 2024
The Automotive Engine Sensors Market represents a significant business opportunity due to the increasing demand for advanced driver assistance systems (ADAS) and emission control technologies. These sensors play a crucial role in optimizing fuel efficiency, enhancing vehicle safety, and ensuring regulatory compliance. Market growth is driven by factors such as rising vehicle production and stringent emission norms. Key players in this market include Bosch, Sensirion, and Honeywell.
APAC is forecasted to hold the largest market size by region in 2024
The Automotive Engine Sensors Market is experiencing significant growth due to the increasing demand for advanced driver assistance systems and emission regulations. These sensors play a crucial role in optimizing fuel efficiency, enhancing vehicle safety, and ensuring regulatory compliance. Key players in this market include Bosch, Sensirion, and Honeywell, who are investing heavily in R&D to launch innovative products and expand their market share. The market is expected to reach a value of USDXXX billion by 2025, growing at a CAGR of XX%.
The Automotive Engine Sensors Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Automotive Engine Sensors Market is witnessing significant growth due to the increasing demand for advanced driver assistance systems (ADAS) and electrification in vehicles. O2 sensors continue to dominate the market due to their importance in monitoring the fuel-air mixture for optimal combustion and reducing CO2 emissions. Manifold pressure sensors, wheel speed sensors, incoming air temperature sensors, and other electronic sensors are essential for engine management and vehicle safety. The Electronic-Control-Unit (ECU) plays a crucial role in processing sensor data and ensuring efficient engine performance. With the rise of autonomous driving, side-impact collisions, and the protection of vulnerable road users, the demand for advanced sensors like LiDAR technology is increasing. Fuel efficiency standards, electrification, connected cars, and vehicle automation are driving the need for cost-effective, energy-efficient, and compact sensors. HVs (Hybrid Vehicles) and EVs (Electric Vehicles) require specialized sensors for battery management and charging systems. Comfort and driver safety are key considerations for automakers, leading to the integration of various sensors for climate control, seat positioning, and vehicle authentication. Road accidents continue to be a concern, and advanced sensors are being developed to improve vehicle safety and prevent accidents. In conclusion, the automotive engine sensors market is poised for growth due to the increasing demand for advanced features, electrification, and vehicle automation. The market is expected to continue its expansion, driven by the need for improved fuel efficiency, driver safety, and vehicle authentication.
Market Research Overview
The Automotive Engine Sensors Market is witnessing significant growth due to the increasing demand for advanced safety features, fuel efficiency, and electrification in vehicles. Inertial sensors, including accelerometers and gyroscopes, play a crucial role in measuring vertical acceleration, longitudinal acceleration, and lateral acceleration. These sensors use MEMS component technology and are integrated into IMU sensors for improved signal processing. Automotive sensors are essential for various vehicle functions, such as anti-locking braking systems, airbags, engine emissions control, and driver assistance systems. However, there are impediments to the market's growth, including reverse gearing, safety measures like rear-view sensors and force touch features, and exogenous conditions like weather and breakdowns. The market for automotive sensors includes various types of sensors, such as Crank Position Sensors, O2 Sensors, and Manifold Pressure Sensors. The market is driven by automakers' demand for high-performance sensors for self-driving cars, semi-automated cars, race cars, buses, heavy-duty vehicles, and passenger vehicles. The regulatory environment, fuel efficiency standards, and electrification are significant factors influencing the market's growth. Key players in the market include Amphenol Advanced Sensors, Melexis, STMicroelectronics, OMNIVISION, and TE Connectivity, among others. The market offers opportunities for venture capital investments in cutting-edge products, process optimization, and efficiency gains. Energy-efficient and cost-effective sensors are essential for the market's growth, especially in the context of electric vehicles and solar charging systems.
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