Automotive Sensors Market Overview

Automotive sensors are essential in modern vehicles, serving various functions critical to their safe and efficient operation. Engine Control Module (ECM) sensors, including the Mass Airflow Sensor (MAF), Throttle Position Sensor (TPS), Crankshaft Position Sensor (CKP), Camshaft Position Sensor (CMP), and Engine Coolant Temperature Sensor (ECT), help manage engine performance.

Transmission sensors like the Transmission Range Sensor (TRS) and Fluid Temperature Sensor ensure smooth gear shifting. Speed Sensors are vital for ABS and Traction Control Systems, while Crash Sensors and Occupant Detection Sensors safeguard passengers.

Ultrasonic sensors assist in parking and proximity systems. Fuel System Sensors, O2 Sensors, Steering and Suspension Sensors, and Environmental Sensors collectively optimize fuel efficiency, emissions, and ride comfort, making sensors integral to the modern automotive experience.

Market Drivers

The automotive sensors market is driven by various factors, including stringent safety regulations, the shift towards electric vehicles, the growth of autonomous and advanced driver assistance systems, consumer demand for connectivity and convenience, and a focus on fuel efficiency and emission reduction.

Increasing global automotive production, ongoing technological advancements in automotive sensor technology, urbanization and traffic congestion challenges, and the need for resilient, redundant automotive sensor systems in autonomous vehicles, all contribute to the market’s continued growth and development.

Market Size

In 2022, the worldwide automotive sensors market holds a value of USD 21 billion, and it is anticipated to achieve USD 55 billion by 2032, displaying significant growth potential and offering promising prospects for businesses with an expected compound annual growth rate (CAGR) of 10.1%.

List of Major Companies

Company Overview

Establishment Year	1886
Headquarter	Gerlingen, Germany
Key Management	Stefan Hartung (CEO)
Revenue (US$ Bn)	$ 78.7 Billion (2022)
Headcount	421,338 (2021)
Website	https://www.bosch.com/

About Bosch

Bosch, headquartered in Gerlingen, Germany, is a globally recognized engineering and technology corporation with a storied heritage, established by Robert Bosch in 1886. Operating across 60-plus countries and with a global workforce surpassing 400,000 individuals.

Bosch is a prominent player in diverse sectors, with a particularly strong presence in the automotive technology industry. The automotive sensors company is renowned for providing various components and systems that enhance vehicle efficiency, safety, and overall performance.

Geographical Presence

Robert Bosch GmbH, commonly known as Bosch, maintains a substantial global presence with operations spanning numerous countries and regions. Its headquarters in Gerlingen, Germany, is the hub for a widespread network of facilities and offices throughout Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa.

Recent Developments

• In September 2023, Bosch revealed its decision to withdraw from the advancement of premium autonomous vehicle LiDAR sensors. Instead, the company redirects its focus and resources toward mmWave radar and other automotive sensors technology.
• In September 2023, Bosch and Vodafone partnered to initiate a 5G automotive venture in Budapest.

Company Overview

Establishment Year	1871
Headquarter	Hanover, Germany
Key Management	Wolfgang Reitzle (Chairman)
Revenue (US$ Bn)	$ 41.4 B (2022)
Headcount	~ 199,038 (2022)
Website	http://www.continental.com/

About Continental AG

Continental AG, established in 1871 and based in Hanover, Germany, is a well-respected global automotive manufacturer. The company is renowned for its advanced technology and inventive solutions and holds a significant position in the automotive and industrial sectors in automotive sensors.

Continental primarily focuses on key business segments, including tires, powertrain and chassis components, and interior and safety systems. With a widespread international footprint, Continental serves diverse regions and markets, catering to the automotive industry and various industrial sectors.

Geographical Presence

Continental AG has a notable worldwide reach, operating in various regions across the globe. The company’s main headquarters is in Hanover, Germany, as a central research, development, and production hub. Besides its home base, Continental maintains a robust European presence with an extensive network of facilities and offices.

Additionally, the company has established a significant foothold in North America, Asia-Pacific, Latin America, and the Middle East and Africa, engaging in manufacturing, research and development, and sales activities.

Recent Developments

• In October 2023, Continental AG finalized the purchase of KINEXON’s dedicated division focusing on onboard operating systems.
• In October 2023, Continental AG collaborated with DeepDrive to work on electric vehicle technology development.

Company Overview

About Delphi Technologies

Delphi Technologies, once a part of Delphi Corporation, is a prominent global technology firm specializing in advanced propulsion solutions tailored for both the automotive and industrial sectors. After separating from Delphi Corporation, it emerged as a distinct entity in 2017. Headquartered in London, United Kingdom, the company maintains a worldwide presence and offers an extensive array of products and services linked to vehicle propulsion.

Delphi Technologies stands at the forefront of automotive innovation, primarily focusing on crafting technologies that augment vehicle efficiency, curtail emissions, and elevate overall performance standards. Its principal areas of expertise encompass power electronics, advanced fuel injection systems for gasoline and diesel engines, electrification solutions, and engine control modules.

Geographical Presence

The company operates across multiple regions, including North America, Europe, the Asia-Pacific, Latin America, Middle East and Africa. These operations encompassed various aspects of the business, from research and development to manufacturing and sales, enabling Delphi Technologies to serve customers in the automotive and industrial sectors worldwide effectively.

Recent Developments

• In August 2023, Delphi introduced a new line of brake pads designed exclusively for the unique requirements of Battery Electric Vehicles (BEVs). After careful evaluation, this range is now one of the most extensive globally, addressing the needs of the most commonly used models in the aftermarket sector.
• In December 2022, Delphi Technologies unveiled the Hartridge DPF200 Master, the most recent inclusion in their successful DPF cleaning series. This advanced solution offers a faster, safer, and more efficient approach compared to alternatives like detergents and forced regeneration.

Company Overview

Establishment Year	1949
Headquarter	Kariya, Aichi, Japan
Key Management	Koji Arima (President and CEO)
Revenue (US$ Bn)	$47.3 Billion (2022)
Headcount	~ 164,572 (2022)
Website	https://www.denso.com/global/en/

About Denso Corporation

Denso Corporation, headquartered in Kariya, Japan, is a renowned global manufacturer of automotive parts with a rich history dating back to its establishment in 1949. It has become a leading provider of advanced automotive technologies and components, specializing in engine management, thermal systems, electrification, safety, and information systems.

Denso’s strong commitment to innovation and research and development has positioned it as a vital contributor to the automotive industry’s progress. Denso serves both original equipment manufacturers (OEMs) and the aftermarket, exemplifying its dedication to enhancing vehicle efficiency, safety, and overall performance tracing with automotive sensors.

Geographical Presence

Denso Corporation has a global presence, with operations in many countries. It includes Japan, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. This wide-reaching network enables Denso to serve various markets, including the automotive industry.

Recent Developments

• In October 2023, KOITO MANUFACTURING CO., LTD. and DENSO CORPORATION initiated a joint effort to enhance the accuracy of vehicle image sensors by synchronizing lighting and image sensors. The primary goal is to enhance nighttime driving safety.
• In August 2023, DENSO Corporation completed the acquisition of the entire stake in Certhon Group, a Dutch company specializing in horticultural facilities. This move is part of DENSO’s strategy to boost its global agricultural production business.

Company Overview

Establishment Year	2006
Headquarter	Eindhoven, Netherlands
Key Management	Kurt Sievers (President & CEO)
Revenue (US$ Bn)	$13.2 Billion (2022)
Headcount	~ 34,500 (2022)
Website	https://www.nxp.com/

About NXP Semiconductors

NXP Semiconductors is a globally recognized Dutch-American semiconductor manufacturer headquartered in Eindhoven, the Netherlands, with a significant presence in Austin, Texas, USA. Established as an independent company in 2006, NXP emerged from Philips Semiconductors.

NXP is a leading semiconductor provider that delivers high-performance mixed-signal and standard product solutions. The company’s primary focus is on semiconductor technologies for a wide range of industries, including automotive, industrial, consumer, and communication sectors. NXP’s portfolio includes microcontrollers, connectivity solutions, security solutions, and semiconductor devices.

Geographical Presence

NXP Semiconductors has a significant worldwide presence in various countries and regions. It is headquartered in Eindhoven, the Netherlands, and maintains a strong footprint in the United States, particularly in Austin, Texas.

Additionally, the company has a notable presence in Europe, the Asia-Pacific, Latin America, the Middle East and Africa. This global network enables NXP to serve customers in diverse industries across the globe.

Recent Developments

• In May 2023, NXP Semiconductors and TSMC partnered to introduce the world’s initial embedded MRAM (Magnetic Random Access Memory) for the automotive industry, utilizing 16 nm FinFET technology.
• In August 2023, NXP Semiconductors unveiled an innovative family of one-chip ICs for radar systems featuring 28nm RFCMOS technology. These chips are designed for advanced driver assistance systems (ADAS) and autonomous driving, representing a pioneering achievement in the industry.

Company Overview

Establishment Year	1987
Headquarter	Geneva, Switzerland
Key Management	Jean-Marc Chery (President and CEO)
Revenue (US$ Bn)	$ 16.1 Billion (2022)
Headcount	~ 51,370 (2022)
Website	https://www.st.com/content/st_com/en.html

About STMicroelectronics

STMicroelectronics, headquartered in Geneva, Switzerland, is a prominent global semiconductor firm with a widespread presence worldwide. It was formed in 1987 by merging Italy’s SGS Microelettronica and France’s Thomson Semiconductors, solidifying its position as a key player in the semiconductor industry.

The company is renowned for its expertise in designing, manufacturing, and marketing a comprehensive range of semiconductor products, encompassing microcontrollers, microprocessors, automotive sensors, analog and power management components, and MEMS (Micro-Electro-Mechanical Systems) technology.

STMicroelectronics caters to diverse markets, including automotive, industrial, consumer electronics, and telecommunications, and is at the forefront of innovation in areas like IoT (Internet of Things), automotive electrification, and smart solutions for various industries.

Geographical Presence

STMicroelectronics boasts a significant worldwide presence, operating in numerous countries and regions. With its headquarters in Geneva, Switzerland, it has a strong European footprint, encompassing research and development centers, manufacturing facilities, and sales offices. It maintains a substantial presence in North America with operations in the United States, Canada, and Mexico.

The company also has a robust network in the Asia-Pacific, particularly in China, Japan, India, and Singapore, where it engages in manufacturing, research, and sales. Additionally, STMicroelectronics has activities in Latin American and Middle Eastern/African countries, allowing it to serve diverse industries across the globe effectively.

Recent Developments

• In September 2023, STMicroelectronics introduced updated software for its STM32Cube development tools, making linking high-performance IoT devices to the AWS cloud easier.
• In September 2023, STMicroelectronics, a prominent semiconductor company with a global reach, unveiled software that streamlines connecting IoT devices constructed using the advanced STM32H5 microcontrollers to Microsoft Azure IoT Hub.

Company Overview

Establishment Year	1923
Headquarter	Paris, France
Key Management	Christophe Périllat (CEO)
Revenue (US$ Bn)	$ 21.1 Million (2022)
Headcount	~ 109,900 (2022)
Website	https://www.valeo.com/en/

About Valeo

Valeo is a well-established global automotive technology supplier headquartered in Paris, France. Founded in 1923, Valeo has evolved into a leading player in the automotive industry, specializing in providing innovative solutions for vehicle electrification, automation, and comfort.

The company’s core focus areas encompass powertrain efficiency, electrification, autonomous driving, and vehicle thermal management. Valeo is recognized for improving vehicle safety, reducing emissions, and enhancing the driving experience.

Geographical Presence

Valeo, headquartered in Paris, France, boasts a substantial global presence with operations in numerous countries and regions. Its extensive network includes Europe, North America, the Asia-Pacific, Latin America, the Middle East, and Africa, featuring manufacturing facilities, research centers, and sales offices.

Recent Development

• In October 2023, Valeo decided to sell its production assets in Russia as part of its divestment strategy. The company has agreed with NPK Avtopribor to transfer all production assets related to its Thermal Systems business in Russia.
• In September 2023, Mobileye and Valeo joined forces in a new collaboration aimed at providing cutting-edge imaging radar systems, defined by software, for advanced driver assistance systems and autonomous driving capabilities in the future.

Company Overview

Establishment Year	1906
Headquarter	Charlotte, North Carolina, U.S.
Key Management	Vimal Kapur (CEO)
Revenue (US$ Bn)	$ 35.47  Million (2022)
Headcount	~ 97,000 (2022)
Website	https://www.honeywell.com/us/en

About Honeywell

Honeywell, situated in Charlotte, North Carolina, USA, is a widely acclaimed conglomerate with a long-standing history dating back to its establishment in 1906. Over the years, Honeywell has evolved into a diversified technology company known for its proficiency in various industries, such as aerospace, building technologies, performance materials, and safety and productivity solutions.

The company’s core areas of concentration include aerospace systems, building automation and management, safety and security solutions, and advancing state-of-the-art materials. Honeywell is distinguished for its substantial contributions to the aviation and aerospace sectors, where it provides essential technologies and services to meet the aviation industry’s needs.

Geographical Presence

Honeywell, a globally recognized conglomerate, has a substantial worldwide presence. With its headquarters in Charlotte, North Carolina, USA, the company maintains a strong footprint in North America, including research centers, manufacturing facilities, and sales offices.

In Europe, Asia-Pacific, Latin America, and the Middle East and Africa, Honeywell operates in multiple countries, covering various aspects of its business, from research and development to manufacturing and sales.

Recent Developments

• In October 2023, Honeywell and Supernal, a subsidiary of Hyundai Motor Group, forged a significant partnership to develop an advanced ground control station tailored for pilotless Advanced Air Mobility (AAM) missions. This collaborative effort aims to enhance Supernal’s flight testing program, empowering remote pilots to safely supervise and manage aircraft while gaining access to real-time information.
• In September 2023, Heart Aerospace, a Swedish electric aircraft manufacturer and aerospace technology leader, Honeywell joined forces in a collaboration. They aim to incorporate Honeywell’s advanced flight control system into the upcoming ES-30 regional electric aircraft.

Company Overview

Establishment Year	2006
Headquarter	Attleboro, Massachusetts, USA
Key Management	Jeffrey Cote (CEO)
Revenue (US$ Bn)	$ 2,060.3 Billion (2022)
Headcount	~ 21,000 (2022)
Website	https://www.sensata.com/

About Sensata Technologies

Sensata Technologies is a globally recognized American company headquartered in Attleboro, Massachusetts, USA. Established in 1916 as the Airpax Corporation, it became part of Texas Instruments and Schneider Electric before becoming Sensata Technologies in 2006.

Sensata is a leading supplier of automotive sensors, switches, and controls, specializing in delivering sensing solutions for a wide range of industries, including automotive, industrial, aerospace, and consumer goods. The company’s core areas of expertise encompass sensing and control technologies related to temperature, pressure, speed, and position.

Geographical Presence

Sensata Technologies has a global footprint with operations in multiple countries and regions. Based in Attleboro, Massachusetts, USA, the company has a strong presence in North America, including research and development centers, manufacturing facilities, and sales offices.

Sensata maintains a significant presence in Europe, with various facilities across several countries. The company also operates extensively in the Asia-Pacific region, covering countries like China, Japan, India, and Singapore. Sensata is growing in Latin America and participates in various Middle Eastern and African markets.

Recent Developments

• In October 2023, Sensata Technologies introduced the Sensata Resonix RGD sensor, the inaugural leak detection sensor, to receive UL certification for various A2L refrigerant gases commonly employed in heating, ventilation, and air conditioning (HVAC) systems.
• In October 2023, Sensata Technologies unveiled the PreView Sentry 79, a breakthrough radar system for blind spot monitoring during take-off and reverse maneuvers. This advanced technology redefines blind spot detection and collision avoidance in both on-road and off-road heavy vehicle sectors, setting a new industry standard.

Company Overview

Establishment Year	1999
Headquarter	Neubiberg, Germany
Key Management	Jochen Hanebeck (CEO)
Revenue (US$ Bn)	$ 16.8 Billion (2022)
Headcount	~ 57,217 (2022)
Website	https://www.infineon.com/

About Infineon Technologies

Infineon Technologies AG is a globally recognized German semiconductor manufacturer headquartered in Neubiberg, Germany. Founded in 1999, it is a critical player in the semiconductor industry, known for its innovative solutions in areas like power electronics, microcontrollers, and embedded systems.

The company’s core focus areas encompass automotive, industrial, and power semiconductors and chip card and security technologies. Infineon Technologies is pivotal in enabling energy efficiency, mobility, and security technologies.

Geographical Presence

Infineon Technologies AG, based in Neubiberg, Germany, has a strong global presence in various countries and regions. It has a significant presence in Europe, particularly Germany, where it runs research centers, manufacturing facilities, and sales offices.

In North America, it has a notable presence across the United States, Canada, and Mexico, engaging in research, manufacturing, and sales activities. The Asia-Pacific region is another key area for the company, with operations in countries like China, Japan, India, and Singapore, backed by manufacturing plants, research centers, and sales offices.

Recent Developments

• In October 2023, Infineon Technologies AG acquired GaN Systems Inc., based in Ottawa. This strategic acquisition brings an extensive portfolio of power conversion solutions based on gallium nitride (GaN) and valuable expertise in various applications.
• In October 2023, Infineon Technologies AG, in collaboration with Kia Corporation and Hyundai Motor Company, inked a multi-year supply pact for silicon carbide (SiC) and silicon (Si) power semiconductors.