Motor Vehicle Sensor Market, By Product Type, By Application, By Geography

Description

Global motor vehicle sensor market is estimated to be valued at US$ 30.41 Bn in 2024 and is expected to reach US$ 41.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 30.41 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.60%	2031 Value Projection:	US$ 41.63 Bn

Figure. Motor Vehicle Sensor Market Share (%), By Region 2024

Global motor vehicle sensor market growth is driven by various factors such as the strict emission and safety regulations imposed by regulatory bodies. Motor vehicle sensors play a crucial role in enhancing vehicle performance, emission control, and passenger safety. These sensors help in monitoring critical parameters like temperature, pressure, NOx levels, and others which enables mechanical, electronic, and data processing systems to take necessary actions. Rising adoption of advanced technologies such as autonomous driving, electric vehicles, and connectivity solutions can boost demand for high-performance sensors.

Market Dynamics:

Global motor vehicle sensor market growth is driven by stringent government regulations regarding passenger safety and emission control. Variations in regional regulations regarding vehicular pollution and safety compliance prompt auto manufacturers to adopt advanced sensing systems. Moreover, emerging trend of autonomous and electric vehicles boosts innovations in motion and positioning sensors. However, pricing pressures faced by OEMs coupled with high cost of developing advanced sensors can hamper the market growth. Developments in MEMS sensor technology have led to lower production costs, thus, offering opportunities for market expansion. Collaborations between sensor manufacturers and automakers can address technological challenges and expand the scope of vehicle automation.

Key features of the study:

This report provides in-depth analysis of the global motor vehicle sensor market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global motor vehicle sensor market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Allegro MicroSystems, Inc., Analog Devices, Inc., Amphenol Advanced Sensors, Aptiv PLC, Autoliv, Inc., BorgWarner, Inc., Continental AG, CTS Corporation, DENSO Corporation, ELMOS Semiconductor SE, Infineon Technologies AG, Innoviz Technologies Ltd, LeddarTech, Magna International Inc., and Melexis N.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global motor vehicle sensor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global motor vehicle sensor market

Detailed Segmentation:

By Product Type
- Physical property sensors
- Process variable sensors
- Chemical property sensors
- Others
By Application
- Engine and drivetrain
- Safety and Security
- Emission control
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Allegro MicroSystems, Inc.
- Analog Devices, Inc.
- Amphenol Advanced Sensors
- Aptiv PLC
- Autoliv, Inc.
- BorgWarner, Inc.
- Continental AG
- CTS Corporation
- DENSO Corporation
- ELMOS Semiconductor SE
- Infineon Technologies AG
- Innoviz Technologies Ltd
- LeddarTech
- Magna International Inc.
- Melexis N.V.

Product Code: CMI4129

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New Product Type Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Motor Vehicle Sensor Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Physical property sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Process variable sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Chemical property sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Motor Vehicle Sensor Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Engine and drivetrain
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Safety and Security
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Emission control
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Motor Vehicle Sensor Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- Allegro MicroSystems, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Analog Devices, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amphenol Advanced Sensors
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Aptiv PLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Autoliv, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BorgWarner, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Continental AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- CTS Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DENSO Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- ELMOS Semiconductor SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Infineon Technologies AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Innoviz Technologies Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LeddarTech
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Magna International Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Melexis N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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