Global Passenger Car Sensors Market Size By Application Type (Powertrain/Drivetrain System Sensors, Exhaust System Sensors, ADAS), By Sensor Type (Pressure Sensors, Tire Pressure Sensors), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle), By Geographic Scope And Forecast

Passenger Car Sensors Market Size And Forecast

Passenger Car Sensors Market size is valued at USD 4.8 Billion in the year 2022 and it is expected to reach USD 8.5 Billion in 2030, at a CAGR of 7.2% From 2023 to 2030.

The development of the passenger car sensors industry depends heavily on additional sensors such chassis, body, and engine sensors. Powertrain sensors are essential for the effective operation of the engine, alternator, and gearbox system. Chassis sensors monitor the suspension, steering, and braking systems. The power steering, braking, and ADAS systems of SAE AV vehicles all make use of sensor clusters. Body sensors evaluate the vehicle’s operation and condition based on a number of variables. Sales of electric cars have surged in several countries as a result of the rising popularity of these vehicles and strict regulations aimed at reducing carbon emissions.

Global Passenger Car Sensors Market Definition

The market for multiple sensors used in passenger automobiles to gather and send data on various vehicle systems is referred to as the “passenger car sensors market.” To maintain optimum vehicle performance, safety, and comfort, these sensors are essential for monitoring and managing a variety of characteristics. The electronic control units (ECUs) and other systems of the automobile get real-time information from them, enabling efficient functioning and improving the overall driving experience. Sensors in passenger automobiles are primarily used to monitor, detect, and transform physical factors into electrical impulses.

The ECUs of the automobile then analyze these signals to enable intelligent decision-making and the start of necessary actions. Different sensor kinds perform particular tasks for the car. Safety mechanisms are triggered when abnormal circumstances are detected by safety sensors, such as airbag and anti-lock braking system (ABS) sensors. Additionally, sensors improve driver aid and safety features for systems like parking assist, lane departure warning, and tyre pressure monitoring.Utilization of sensors in passenger vehicles has a number of benefits.

First, sensors make it possible for cutting-edge safety features and aiding technologies to improve the security of drivers and passengers. Sensors can initiate appropriate measures, like as applying brakes or triggering airbags, to limit possible hazards and avoid accidents by continually monitoring factors including vehicle speed, distance, and environmental conditions. Second, sensors help to increase fuel economy and lower pollution. The improvement of fuel delivery and combustion processes is made possible by the data they offer on engine performance, air-fuel ratios, and exhaust pollutants. Better fuel efficiency and less environmental effect result from this.

Additionally, sensors improve comfort and convenience by keeping track of things like seat position, cabin temperature, and air quality and enabling automatic modifications and customized settings. In passenger automobiles, a variety of sensors are employed. These comprise sensors for temperature, pressure, speed, location, proximity, oxygen, image, and a wide variety of other things. Each sort of sensor has a distinct function and supports various vehicle systems. For instance, temperature sensors watch the temperatures of the engine and coolant, pressure sensors gauge tyre and oil pressure, speed sensors check the speeds of the wheels, and image sensors are utilized in parking cameras and other driver aid systems.

Global Passenger Car Sensors Market Overview

Sales of electric cars have surged in several countries as a result of the rising popularity of these vehicles and strict regulations aimed at reducing carbon emissions. The International Energy reports that during the past four years, the number of electric car registrations in the United States increased by around 3 times. The market will rise during the projected period due to the growing use of proximity and temperature sensors in smart electric cars as part of its safety system. Body sensors evaluate the vehicle’s operation and condition based on a number of variables.

Body sensors can send and gather data on seat occupancy and door/roof shutting, and they can also set off alerts and carry out simple tasks as a consequence. Therefore, autonomous vehicles equipped with a wide variety of sensors that can increase productivity while reducing driver stress. One of the key elements that will greatly contribute to the development of the market for passenger vehicle sensors is the introduction of advanced driver assistance systems (ADAS).

By reducing the consequences of drivers’ shortcomings, advanced driver assistance systems (ADAS) significantly boost driver safety. This system functions as a co-driver by giving the driver situation-based instructions, warnings, and advice together with details about traffic safety regulations. A passenger vehicle sensor aids in controlling an automobile’s engine. By controlling fuel consumption and enabling the car to run effectively, these goods have demonstrated their value in ensuring the smooth operation of any automotive engine.

These product attributes may increase demand for the item and help to market expansion going forward. The market for passenger car sensors has certain restrictions that might prevent it from expanding, including diagnostics rules, expensive sensor product prices combined with enhanced processing capabilities, and rising OEM expectations. Additionally, the reduced driver engagement might pose a threat to the market’s expansion throughout the aforementioned projected period.

Global Passenger Car Sensors Market Segmentation Analysis

The Global Passenger Car Sensors Market is Segmented on the basis of Application Type, Sensor Type, Vehicle Type And Geography.

Passenger Car Sensors Market, By Application Type

• Powertrain/Drivetrain System Sensors
• Exhaust System Sensors
• Interior/Comfort System Sensor
• Chassis
• ADAS

Based on the Application, the market is segmented into Powertrain/Drivetrain System Sensors, Exhaust System Sensors, Interior/Comfort System Sensor, Chassis, ADAS. ADAS segment holds a significant market share in the Passenger Car Sensors Market in 2022. LiDAR, cameras, and radar are examples of ADAS sensors. For safety-related applications, level 1 and level 2 autonomous cars primarily combine cameras and radars. Over the next several years, it is predicted that occupant safety will accelerate the use of these components in the Chassis category. Therefore, these parts can increase fuel economy.  One such example is the five-star rating given by the New Car Assessment Programme (NCAP). The rating calls for a high degree of safety features, which is driving up demand for them. Additional ADAS sensors include rain, ultrasonic, airbag, and tyre pressure.  As a result, these elements are anticipated to accelerate this sector’s growth over the anticipated timeframe.

Passenger Car Sensors Market, By Sensor Type

• Pressure Sensors
• Tire Pressure Sensors
• EGR Pressure Sensors
• Inertial Sensors
• Clutch Position Sensors
• Gear Position Sensors
• Others

Based on the Sensor Type, the market is segmented into Pressure Sensors, Tire Pressure Sensors, EGR Pressure Sensors, Airflow Rate Sensors, Clutch Position Sensors, Gear Position Sensors, Others. The inertial sensors segment holds a significant market share in the Passenger Car Sensors Market in 2022. Inertial sensors have expanded as a result of rising consumer demand for sophisticated safety features and autonomous driving capabilities in passenger automobiles. These sensors offer vital information for lane-keeping assistance, adaptive cruise control, rollover detection, and other ADAS applications.

Vehicles can adapt in real-time to maintain stability, control, and safety thanks to inertial sensors’ exact detection of acceleration, angular rate, and orientation. For autonomous driving systems, inertial sensors are especially crucial since they offer essential data for vehicle tracking, mapping, and navigation. To build an all-encompassing perception system for autonomous cars, they are combined with additional sensors like cameras, radar, and LiDAR.

Passenger Car Sensors Market, By Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle. The Passenger Vehicle segment dominated the Passenger Car Sensors Market with the highest market share in 2022. Due to the rising demand for personal mobility solutions and the requirement to optimise fuel economy, sensors are becoming more necessary in passenger automobiles.

In the worldwide market, the passenger car sector commands the biggest market share. The car benefits from sensors that keep an eye on temperature changes, measure mass air flow, coolant flow, and oxygen. These sensors also help the vehicle manage emissions rate and give signals to the engine control unit to alter spark timing and deliver precise fuel delivery. Thus, the passenger car sector is anticipated to have the greatest share of the market due to increased customer demand for safe and environmentally friendly automobiles.

Passenger Car Sensors Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Passenger Car Sensors Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region accounted for the highest market share in the Passenger Car Sensors Market in the year 2022. The demand for sensors in vehicles is projected to expand as car sales rise throughout the area. The market is expanding as a result of the rising demand for electric vehicles in the area. Manufacturing is heavily concentrated in China, India, and Japan, which is opening up new chances for market expansion. Automotive production in emerging nations is expanding more quickly than in developed ones due to rising urbanisation and stable economic circumstances.

Automobile manufacturers are adding additional sensors to low-cost automobiles due to rising customer safety concerns in the expanding economies of India and the ASEAN nations. In the near future, it is anticipated to fuel demand for vehicle sensors. Initiatives put forth by several governments in the region to lessen traffic congestion and improve road safety have sped up the adoption of advanced driver assistance systems (ADAS) and other safety features that rely on automobile sensors. The legislative framework in many APAC nations is favorable for the adoption of cutting-edge automotive technology since there are less entry hurdles than in other areas.

Key Players

The “Global Passenger Car Sensors Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Continental AG, Robert Bosch GmbH, DENSO Corporation, TE Connectivity, BorgWarner Inc., Allegro Microsystems, Analog Devices Inc., Infineon Technologies AG, NXP Semiconductor, ZF Friedrichshafen AG others.

Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.

Key Development

• 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.
• In January 2023, NXP Semiconductors N.V. (NXP) announced its participation in the early development phases of new VinFast automotive projects at CES 2023. The joint expert collaboration will focus on developing solutions for designing and producing cutting-edge EVs based on NXP’s recognized reference assessment platforms and software layers.

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