Automotive Sensors Market Share

Report ID: 274
Published Date: Dec 23, 2024
Report Format: PDF, PPT

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APAC Market Statistics

Regionally, the global automotive sensors market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is poised to hold largest revenue share by 2037, backed by rapid industrialization, and rising per capita income. Moreover, strict vehicle safety laws and the increasing consumer demand for self-driving cars are expected to encourage the installation of sensors in cars manufactured in the region.

Furthermore, the rising production and sales of electric passenger cars and electric vehicles (EVs) in the region are expected to drive the market in the region. For instance, in China electric car sales are expected to reach around 6 million by the end of 2022. A total of 3.2 million electric vehicles were sold in China in 2021, up 150% from the previous year.

Browse key industry insights with market data tables & charts from the report:

Automotive Sensors Market Size & Share, Growth Trends 2037

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of automotive sensors is estimated at USD 39.52 billion.

Automotive Sensors Market size was over USD 34.95 billion in 2024 and is anticipated to cross USD 224.97 billion by 2037, witnessing more than 15.4% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is poised to hold largest revenue share by 2037, backed by rapid industrialization, and rising per capita income.

The major players in the market are Avago Technologies, Delphi Automotive LLP, Casco Automotive Groups, Allegro MicroSystems, Inc, CTS Corporation, Infineon Technologies AG, GE Measurement & Control Solutions, Analog Devices Inc., and others.