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Bosch and Continental AG dominate the market with over 10% market share. Bosch is a global leader in technology and services, operating in sectors such as automotive, industrial technology, consumer goods, and energy. In the automotive domain, Bosch stands out for its innovations in autonomous driving, and advanced automotive powertrain system. The company provides a wide range of automotive solutions, including advanced driver-assistance systems (ADAS), powertrain components, and sensor technology, such as its state-of-the-art knock sensors.
Continental AG is a major player in the automotive industry, renowned for its innovations in automotive safety, connectivity, and powertrain technology. Continental's extensive portfolio includes high-performance vehicle components such as tires, braking systems, and advanced sensors, including knock sensors designed to optimize engine performance and emissions control. With a focus on intelligent mobility solutions, Continental leverages its expertise in electronics and software to provide advanced driving assistance systems (ADAS) and solutions for vehicles.
Major players operating in the automotive knock sensor industry are:
The piezoelectric knock offering segment captured over 70% the automotive knock sensor market share in 2023, owing to their high sensitivity, durability, and ability to operate under extreme conditions.
Automotive knock sensor industry size was worth USD 748.7 million in 2023 and is projected to expand at over 4% CAGR from 2024 to 2032, on account of the growing focus on fuel efficiency and reducing fuel consumption.
The passenger vehicles application segment in the automotive knock sensor industry is projected to record USD 700 million by 2032, due to the high volume of vehicle production.
Asia Pacific automotive knock sensor industry recorded 35% market share in 2023, led by the rapid industrialization and increasing adoption of advanced engine management systems.