https://www.polarismarketresearch.com/blog/top-automotive-sensor-manufacturers-in-2024
Automotive sensors are integral components that monitor various vehicle parameters, converting physical signals into electrical ones to enhance safety, performance, and efficiency. These sensors enable numerous features such as airbag deployment, engine performance optimization, anti-theft alarms, and driver assistance systems like cruise control and parking assistance. Common types of automotive sensors include ultrasonic sensors for obstacle detection, pressure sensors to monitor fluid levels, temperature sensors for engine care, speed sensors for anti-lock braking systems, and level sensors to check fluid levels in reservoirs. The growing demand for smart and autonomous vehicles has further fueled the use of these sensors, as they ensure smoother and more efficient operations.
The automotive sensor market, valued at USD 29.47 billion in 2023, is projected to grow at a 6.2% CAGR from 2024 to 2032. Major players driving this growth include Panasonic, Robert Bosch, Continental AG, Infineon Technologies, and MELEXIS, all of which are investing in research and development to advance sensor technologies. Key trends in the industry include miniaturization, wireless sensor adoption for easier installation, and the integration of AI for advanced features like autopilot. Additionally, biometric sensors are gaining popularity, especially for long-duration vehicles like trucks, to monitor driver fatigue. As automotive sensors continue to evolve, they are essential in shaping the future of vehicle safety, comfort, and performance.
