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Automotive Sensor Market Share

  • Report ID: GMI2996
  • Published Date: Jul 2024
  • Report Format: PDF

Automotive Sensor Market Share

Robert Bosch and NXP Semiconductors held a significant share of over 25% in the Automotive sensor industry. Robert Bosch GmbH holds a significant share in the market as a leading provider of automotive technology and services globally. The company is renowned for its extensive portfolio of sensor solutions that cater to various automotive applications, including powertrain, safety systems, body electronics, and more. Bosch's sensors, such as radar, LiDAR, ultrasonic sensors, and environmental sensors, play a crucial role in enabling advanced driver assistance systems (ADAS), autonomous driving technologies, and vehicle electrification. Bosch's commitment to innovation and quality has positioned it as a preferred supplier for automakers worldwide, supporting the industry's transition towards safer, more efficient, and connected vehicles.
 

NXP Semiconductors N.V. is a key player in the automotive sensor market, specializing in semiconductor solutions that power advanced automotive electronics and sensor technologies. The company's comprehensive portfolio includes microcontrollers, radar ICs, automotive networking solutions, and sensor technologies tailored for automotive applications. NXP's sensors play a critical role in enabling features such as radar-based adaptive cruise control, collision avoidance systems, and secure vehicle-to-vehicle (V2V) communication. NXP's strength lies in its ability to integrate multiple functions into compact and efficient semiconductor solutions, meeting the stringent performance and reliability requirements of automotive applications.
 

Automotive Sensor Market Companies

Major players operating in the automotive sensor industry are:

  • NXP Semiconductors
  • Robert Bosch
  • Allegro Microsystems
  • Infineon Technologies
  • STMicroleectronics
  • ZF Friedrichshafen AG
  • Sensata Technologies
Authors: Suraj Gujar, Kanhaiya Kathoke

Frequently Asked Questions (FAQ) :

The market size of automotive sensor was reached USD 30.95 billion in 2023 and is expected to grow at over 5% CAGR between 2024 and 2032, driven by the growing demand for Advanced Driver Assistance Systems (ADAS).

The fuel cell automotive sensor market is expected to register 10% CAGR through 2032, as it offers a zero-emission alternative to traditional internal combustion engine vehicles.

Asia-Pacific automotive sensor market recorded over 45% share in 2023 and will grow rapidly through 2032, driven by the expansion of the automotive industry.

NXP Semiconductors, Robert Bosch, Allegro Microsystems, Infineon Technologies, STMicroleectronics, ZF Friedrichshafen AG, and Sensata Technologies among others.

Automotive Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 26
  • Tables & Figures: 290
  • Countries covered: 21
  • Pages: 240
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