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Automotive Electronics Sensors Aftermarket Market Overview
The Automotive Electronics Sensor AfterMarket is projected to grow from USD 6711.2 million in 2021 to USD 12210 million by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2023–2032).
The global automotive electronics sensor aftermarket is expected to witness substantial growth during the forecast period. Asia-Pacific is expected to be a prominent region in the automotive electronics sensor aftermarket due to an increase in vehicle sales in this region as sensors are used in measuring tire pressure monitoring system for improving the engine control, vehicle safety, and fuel efficiency of vehicle. Along with this, the increasing government regulations regarding vehicle safety and emission and the focus to offer electronics sensors in advanced driver assistance system, and engine emission in Europe and North America are some of the factors that are expected to drive the automotive electronics sensor aftermarket during the forecast period.
In 2017, Europe held the second largest market share in the global automotive electronics sensor aftermarket. The region has a presence of major electronics sensor manufacturers, such as Valeo, Robert Bosch Gmbh, Continental AG, and Infineon Technologies AG, providing electronic sensors and modules, especially for premium vehicles, which will increase the demand for electronics sensor.
Segmentation
The global automotive electronics sensor aftermarket is segmented based on type, application, and vehicle type. On the basis of type, the global automotive electronics sensor aftermarket is segmented into oxygen sensor, LiDAR sensor, temperature sensor, position sensor, pressure sensor, speed sensor, and others. Oxygen sensor segment is expected to dominate the market, owing to the growing demand for improved fuel efficiency and reduced exhaust emissions in vehicle.
On the basis of application, the global automotive electronics sensor aftermarket is segmented into powertrain, body electronics, safety & control, telematics, and others. The powertrain segment is expected to hold the maximum market share, owing to functionality of various powertrain ECUs and enhance the control with predictions based on the real-time execution of complex mathematical models.
On the basis of vehicle type, the global automotive electronics sensor aftermarket is segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. The passenger car segment is expected to hold the maximum market share, due to an increase in the use of sensors in different applications in passenger cars.
Industry Developments
January 2024: Uno Minda introduces new switches and sensors for second hand side stands.
A side stand that has been left out after use is one of the most dangerous things for a bike rider. A magnetic sensor technology is used by this range of products so as to ensure that the users do not ride their motorcycles while their side stand is still deployed. In order to disengage an engine circuit unit when it’s placed in an unsafe position, the new product uses advanced mechanism with regard to which; additionally, these items are fitted with led light indicators at instrument console level showing unfavorable positions for the side stands during motion hence keeping drivers on toes about such momentums.
The company claims that its weatherproof and durable because it can withstand up to three hundred thousand (300,000) cycles among other tests done on them before release into market places where they are sold through all major online or offline retail stores starting from INR ₹172 along with two years warranty since manufacture date according company officials Tier 1 supplier Uno Minda has launched a range of side stand sensors and switchs.
January 2024: Aeva today revealed “the first mass production-ready sensing platform” for autonomous vehicles. In addition, the perception specialist claimed a sensor breakthrough that could drive down Lidar costs by 100 times over current systems.
Dubbed Aeva Atlas, “the first 4D LiDAR sensor designed [by Aeva] for mass production automotive applications” is intended to accelerate ADAS and self-driving development.TechCrunch reports that the US-based firm itself refers to Atlas as “the first mass production-ready sensing platform” for AVs. The publication adds: “What makes Aeva’s sensor different from its competitors’? For one… it can measure both velocity and direction.”
Atlas employs what Aeva calls Frequency Modulated Continuous Wave (FMCW) technology rather than pulsed lasers.This means that it can not only detect objects but also measure their distance, speed and direction of travel while avoiding interference from other sensors.
The self-driving sensor is autocalibrating to its environment. It takes a single point of reference (POR) measurement of the scene around it as soon as it is switched on. This POR is then used to calibrate the entire point cloud.
Aeva has built Lidar into an SoC (System-on-a-Chip), which in turn includes its own “innovative” Lidar-on-Chip and CoreVision modules.It claims this allows for “ultimate performance” and low power consumption.
Regional Analysis
On the basis of region, the global automotive electronics sensor aftermarket is segmented into North America, Europe, Asia-Pacific (APAC), and the rest of the World.
Key Competitors
The key players of global automotive electronics sensor aftermarket are Standard Motor Products, Inc. (US) NGK Spark Plug CO., LTD (Japan), BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Delphi Technologies (UK), Valeo (France), Continental AG (Germany), Denso Corporation (Japan), Hella GmbH & Co. KGaA (Germany) Dorman Products (US), and Sensata Technologies, Inc. (US)
Global Automotive Electronics Sensor Aftermarket, by Region, 2017 
Source: MRFR Analysis
Asia-Pacific is expected to offer promising growth opportunities for the automotive electronics sensor aftermarket with high automotive vehicle sale in countries, such as China, India, Japan, New Zealand, South Korea, Australia, and Indonesia, accounted for 42.58 million units in 2017. The automotive electric sensors are used in various systems of electric vehicle, such as powertrain & chassis, body electronics, vehicle safety, and security. Thus, the growth of electric vehicles is expected to drive the automotive electronics sensors market in this region.
China is one of the major vehicle’s sales country. According to the data from the China Association of Automobile Manufacturers, one of the largest electric vehicle producers and consumers in the world, with new-energy vehicle sale accounted for 770,000 units in 2017. Moreover, the government and related organizations are continuously investing in encouraging the electrification in vehicles. Furthermore, China with more than 300 million registered vehicles on road in 2017 is expected to offer promising opportunities for the automotive electronics sensor aftermarket during the forecast period.
Synopsis
The global automotive electronics sensor aftermarket has been segmented on the basis of type, application, and vehicle type. On the basis of type the global automotive electronics sensor aftermarket is segmented into oxygen sensor, LiDAR sensor, temperature sensor, position sensor, pressure sensor, speed sensor, and others. The oxygen sensor segment is expected to dominate the market due to the growing demand for improved fuel efficiency and reduced exhaust emissions in a vehicle.
Market Segmentation
- By Type – oxygen sensor, LiDAR sensor, temperature sensor , position sensor, pressure sensor, speed sensor, and others
- By Application – powertrain, body electronics, safety & control, telematics, and others
- By Vehicle Type – passenger car, light commercial vehicle, and heavy commercial vehicle
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