Passenger Car Sensors Market Analysis By Sensor Type (Comprises Pressure Sensor, Temperature sensor, Speed sensor, Others), By Application (Comprises Powertrain, Exhaust, Interior/Comfort, DAS and Body Control, Others) & Forecast By 2033
- PUBLISHED ON
- 2023-06-09
- NO OF PAGES
- 273
- CATEGORY
- Automotive & Transportation
The global 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 2033, at a CAGR of 9.00% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 129.80 billion |
Market Forecast in 2033 | USD 258.63 billion |
CAGR % 2023-2033 | 9.0 % |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Robert Bosch GmbH; Continental AG; DENSO Corporation; Infineon Technologies AG ; BorgWarner, Inc; Sensata Technologies; Allegro Microsystems, Inc; Others
|
Global Passenger Car Sensors Market: Description
The global passenger car sensors market refers to the market for sensors specifically designed for use in passenger cars. Sensors play a crucial role in modern vehicles by gathering data from various components and systems to provide essential information for vehicle operation, safety, and performance. Passenger car sensors are integrated into different parts of a vehicle to monitor and measure various parameters. These sensors detect and transmit data related to factors such as temperature, pressure, speed, position, proximity, and acceleration. They are essential for numerous functions and systems in a passenger car, including engine management, emissions control, safety systems, comfort features, and driver assistance systems
Passenger car sensors play a crucial role in enhancing safety by monitoring various parameters and providing real-time information to the vehicle's control systems. Sensors such as anti-lock braking system (ABS) sensors, airbag sensors, collision sensors, and tire pressure sensors help detect potential risks, alert the driver, and trigger appropriate safety measures, reducing the chances of accidents and injuries. Sensors enable better vehicle performance by monitoring and controlling various systems. For instance, engine sensors, such as oxygen sensors and temperature sensors, provide critical data to optimize fuel combustion, improve fuel efficiency, and reduce emissions. Additionally, sensors for suspension, steering, and transmission systems help in smooth operation and precise control, enhancing overall driving experience. Passenger car sensors contribute to enhanced comfort and convenience for both drivers and passengers. Sensors integrated into climate control systems regulate temperature, humidity, and air quality inside the vehicle, ensuring a comfortable environment. Proximity sensors and keyless entry systems offer convenience by automatically unlocking doors or providing hands-free access.
Global Passenger Car Sensors Market: Key Trends
• Safety Enhancement: Passenger car sensors play a crucial role in enhancing safety by monitoring various parameters and providing real-time information to the vehicle's control systems. Sensors such as anti-lock braking system (ABS) sensors, airbag sensors, collision sensors, and tire pressure sensors help detect potential risks, alert the driver, and trigger appropriate safety measures, reducing the chances of accidents and injuries.
• Improved Vehicle Performance: Sensors enable better vehicle performance by monitoring and controlling various systems. For instance, engine sensors, such as oxygen sensors and temperature sensors, provide critical data to optimize fuel combustion, improve fuel efficiency, and reduce emissions. Additionally, sensors for suspension, steering, and transmission systems help in smooth operation and precise control, enhancing overall driving experience.
Global Passenger Car Sensors Market: Segmental Analysis
By Sensor Type
• Comprises Pressure Sensor
• Temperature sensor
• Speed sensor
• Others
By Application
• Comprises Powertrain
• Exhaust
• Interior/Comfort
• DAS and Body Control
• Others
Global Passenger Car Sensors Market: Geographical landscape
North America:
North America is a significant market for passenger car sensors, driven by the presence of key automotive manufacturers and advanced technology infrastructure. The United States and Canada are major contributors to the market growth in this region. Factors such as stringent safety regulations, increasing adoption of advanced driver assistance systems (ADAS), and the growing demand for electric vehicles (EVs) are fueling the market growth.
Europe:
Europe is another prominent market for passenger car sensors. Countries like Germany, France, the United Kingdom, and Italy are major contributors to the region's market growth. The European automotive industry is known for its focus on innovation and advanced technologies, which creates a favorable environment for the adoption of passenger car sensors. Stricter emission regulations, the rise of autonomous vehicles, and the emphasis on vehicle safety are driving the market growth in this region.
Asia Pacific:
The Asia Pacific region is witnessing significant growth in the passenger car sensors market. Countries like China, Japan, South Korea, and India are key contributors to the market expansion. The region's strong automotive manufacturing base, increasing disposable income, and rapid urbanization are driving the demand for passenger car sensors. Additionally, the growing adoption of electric and hybrid vehicles further boosts the market growth in this region.
Middle East and Africa:
The Middle East and Africa region have shown gradual growth in the passenger car sensors market. Countries like Saudi Arabia, the United Arab Emirates, and South Africa are witnessing increased automotive sales, which contribute to the demand for passenger car sensors. The growing focus on road safety and the introduction of regulations mandating the installation of safety features in vehicles are expected to drive market growth in this region.
Global Passenger Car Sensors Market: Key Companies
• Robert Bosch GmbH
• Continental AG
• DENSO Corporation
• Infineon Technologies AG
• BorgWarner, Inc.
• Sensata Technologies
• Allegro Microsystems, Inc.
• Others
Global Passenger Car Sensors Market: Regional Scope
North America
• U.S
• Canada
• Mexico
Europe
• U.K
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• Chain
• India
• Japan
• South Korea
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Rest of south America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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