How big is the Automotive Sensors Market?

The Automotive Sensors Market size is expected to reach USD 28.88 billion in 2024 and grow at a CAGR of 6.05% to reach USD 38.74 billion by 2029. Read More

What is the current Automotive Sensors Market size?

In 2024, the Automotive Sensors Market size is expected to reach USD 28.88 billion. Read More

Who are the key players in Automotive Sensors Market?

Continental AG, NXP Semiconductors NV, Robert Bosch GmbH, Infineon Technologies AG and BorgWarner Inc are the major companies operating in the Automotive Sensors Market. Read More

Which is the fastest growing region in Automotive Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Sensors Market?

In 2024, the North America accounts for the largest market share in Automotive Sensors Market. Read More

What years does this Automotive Sensors Market cover, and what was the market size in 2023?

In 2023, the Automotive Sensors Market size was estimated at USD 27.23 billion. The report covers the Automotive Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers behind the growth of the Automotive Sensors Market?

The major factors driving the growth of Automotive Sensors Market are: a) Increasing demand for safety and comfort features in vehicles b) Advancements in sensor technology c) Rise of autonomous vehicles Read More

What are the emerging trends in Automotive Sensor Technology Market?

Emerging trends in the Automotive Sensor Technology Industry are: a) Sensor fusion (combining data from multiple sensors) b) Integration with the Internet of Things (IoT) c) Sensor-based driver monitoring systems represent potential future advancements Read More

Automotive Sensors Market Share

Statistics for the 2023 & 2024 Automotive Sensors market share, created by Mordor Intelligence™ Industry Reports. Automotive Sensors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Sensors Industry

Some of the major players in the studied market include Continental AG, Robert Bosch GmbH, Borgwarner Inc, Infineon Technologies, NXP Semiconductors, Denso Corporation, and Others In addition to these active product innovations, collaborations, etc., the market is experiencing significant growth due to the growing partnership between major players. expected to give the market a good outlook over the forecast period. For instance,

In January 2023, NXP Semiconductors N.V. (NXP) announced its participation in the early development phases of new VinFast automotive projects at CES 2023. VinFast will strive to leverage NXP's processors, semiconductors, and sensors, while NXP will provide top-tier solutions to speed time-to-market. 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.