Motorsports Sensor Market Size was valued at USD 151.29 million in 2022. The Motorsports Sensor market industry is projected to grow from USD 157.34 Million in 2023 to USD 249.32 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period (2023 - 2032). Motorsports sensors are devices integrated into vehicles used in racing to gather data on various parameters. These sensors are designed to measure the pressure in various media, such as soil, water, and air, either absolutely or relatively. These sensors provide real time information to teams, helping optimize performance, monitor engine health, and make data driven decisions during races.
As per Analyst at MRFR, “Modern motorcycles feature over 20 sensors, including an anti-lock brake sensor (ABS), lean-angle sensing traction control, wheelie control, and tire pressure monitoring sensors. Safety features such as accident prevention systems and blind spot recognition influence consumer purchase decisions. Furthermore, an increasing number of motorcycle manufacturers are adopting advanced cruise control systems, driving up global demand for motorcycle sensors.”
FIGURE 1: MOTORSPORTS SENSOR MARKET SIZE 2019-2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
In February 2024, WABCO, under ZF Aftermarket, launched OE quality sensors with holistic compliance and safety coverage in tow. The company also makes available essential parts and repair kits that enable quick and quality repairs.
The motorsport industry has witnessed a transformative shift in recent years, due to the advancements in sensor technology, particularly the trend of miniaturization. Miniaturization refers to the process of making electronic components and devices smaller in size without compromising their functionality or performance. This trend has had a profound impact on the motorsport sensors market, influencing various aspects of racing, vehicle performance, and data analysis.
The miniaturization of sensor technology witnessing high demand in motorsports due to the demand for vehicle’s enhanced performance and efficiency. In motorsports, every gram of weight matters, and minimizing the size and weight of sensors contributes to the overall lightweight of race cars. This weight reduction has a direct impact on the vehicle's speed, agility, and fuel efficiency, making it a crucial factor for competitive racing. Miniaturized sensors enable teams to collect essential data without adding unnecessary mass to the vehicle, giving them a competitive edge on the track.
Moreover, the miniaturization trend facilitates the integration of sensors into previously inaccessible or constrained areas of a race car. As sensors become smaller, they are strategically placed in various components, including the engine, suspension, and aerodynamic elements. This allows teams to gather more comprehensive and accurate data on the vehicle's performance, enabling engineers and technicians to make precise adjustments to optimize speed, handling, and overall efficiency.
Based on Sensor Type, the Motorsports Sensor Market segmentation includes Lambda Sensors, Temperature Sensor, Tyre Pressure Sensor, Rotary Position Sensor, Air Pressure Sensors, Fluid Pressure Sensors¸ Brake Sensors, Speed Sensors, Vehicle Dynamics Sensors, Others. The Vehicle Dynamics Sensors will be the majority share in 2022, contributing around 19.7% to the market revenue. Vehicle dynamics sensors are the backbone of motorsports technology, orchestrating a symphony of data to optimize performance, handling, and safety. These sensors, including brake sensors and speed sensors, work in harmony to provide a comprehensive understanding of a racing car's behavior on the track.
In motorsports, vehicle dynamics sensors go beyond measuring individual components; they focus on the holistic interaction of various systems. Brake sensors contribute by monitoring pedal force, temperature, and pressure, aiding in the fine-tuning of brake balance for optimal stopping power. Speed sensors, on the other hand, offer critical insights into wheel speed, rotational velocity, and overall vehicle speed, forming the basis for adjustments in aerodynamics and gear ratios.
The integration of these sensors creates a dynamic feedback loop, allowing racing teams to analyze and adjust in real time. By synchronizing data from brake and speed sensors with other parameters like acceleration, steering angle, and tire conditions, teams can develop advanced traction control systems, enhancing overall vehicle dynamics and performance.
FIGURE 2: MOTORSPORTS SENSOR MARKET, BY Sensor Type, 2022 VS 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Based on the Type, the Motorsports Sensor Market segmentation is Drivetrain, Braking, Electronics, Tires, Suspension, Others. Drive Train dominated the market in 2022. The drivetrain encompasses components responsible for power transmission from the engine to the wheels. Sensors strategically placed throughout the drivetrain capture real-time information on variables such as engine speed, gearbox status, wheel speed, and clutch engagement. This data is then analyzed to fine-tune vehicle dynamics, enhance efficiency, and maximize power delivery.
For instance, sensors in the engine monitor parameters like RPM (revolutions per minute) and temperature, allowing teams to optimize fuel injection, timing, and cooling systems for peak performance. Gearbox sensors track gear engagement, ensuring seamless shifts and preventing damage. Wheel speed sensors provide data for traction control systems, enabling precise adjustments to maintain optimal grip. Clutch sensors aid in refining engagement for smoother launches and gear changes.
Based on Racing Type, the Motorsports Sensor Market segmentation includes Rallying, Formula Racing, Touring Car Racing, Sport Car Racing, Stock Car Racing, Drag Racing, Hill Climbing, Karting, Single Marque Racing, Others. Rallying Sensor held the majority share in 2022. The growing trend of rallying race events has significantly contributed to the burgeoning market for motorsports sensors. These sensors play a pivotal role in enhancing the performance, safety, and efficiency of race cars, thereby becoming indispensable in the highly competitive world of rallying.
Rallying, with its dynamic and challenging terrains, demands cutting-edge technology to optimize vehicle performance and ensure driver safety. Motorsports sensors are at the forefront of this technological evolution, providing real-time data on various aspects of the vehicle's performance. These sensors monitor crucial parameters such as engine health, suspension dynamics, tire pressure, temperature, and aerodynamics, offering teams valuable insights into their vehicle's condition and allowing for on-the-fly adjustments.
The rise in popularity of rallying races has fueled a demand for more advanced and specialized sensors, as teams seek a competitive edge in this demanding motorsport. The diverse and unpredictable nature of rally courses, featuring a mix of terrains like gravel, mud, and asphalt, necessitates sensors capable of adapting to different conditions. This has led to innovations in sensor technology, with robust designs that can withstand the harsh environments encountered during rallying events.
Based on Sales Channel, the Motorsports Sensor Market segmentation includes OEM, Aftermarket. OEM held the majority share in 2022. Motorsport sensor manufacturers collaborate directly with original equipment manufacturers, the companies responsible for producing the race cars themselves. OEMs integrate advanced sensors into their vehicles to gather real-time data on various parameters like engine performance, tire pressure, suspension dynamics, and more.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Motorsports Sensor market accounted for ~30.1% in 2022. It is expected to exhibit a significant CAGR growth during the study period.
Modern racing teams are avid consumers of data. Every sensor, including temperature sensors, pressure sensors, and others, generates a continuous flow of real-time data. This data, when analysed by sophisticated software, unveils the intricacies of vehicle performance, optimizing aspects ranging from engine efficiency to tire grip. This data-driven approach provides teams with a crucial advantage in trimming precious milliseconds on the track. Additionally, sensor technology is advancing rapidly. Miniaturization, enhanced accuracy, and expanded operating ranges enable engineers to collect more detailed data from previously inaccessible areas. For instance, tire pressure sensors now offer real-time insights into wear and tear, optimizing pit stop strategies.
Motor racing governing bodies, such as the National Hot Rod Association (NHRA) and the IndyCar Series, are placing a heightened emphasis on driver safety through stringent regulations. These regulations mandate the use of specific sensors, including G-force sensors and head impact sensors, to monitor crash severity and facilitate swift medical interventions. This not only ensures the well-being of drivers but also fosters public confidence in the sport. Track safety is equally critical, with the deployment of LiDAR and radar sensors to meticulously map tracks. This precision allows for the identification of potential hazards and optimization of safety measures such as barriers and run-off zones. The data collected also contributes to advanced driver assistance systems (ADAS) in race cars, further enhancing overall safety standards.
FIGURE 3: MOTORSPORTS SENSOR MARKET SIZE BY REGION 2022 VS 2032
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, South Korea, and Brazil.
The global motorsport sensors market is growing due to various factors, including increasing demand for advanced safety features, the rise of electric and hybrid vehicles, advancements in sensor technology, and regulatory requirements. Additionally, the focus on performance optimization and cost savings, as well as the growing interest in autonomous and semi-autonomous vehicles, are also contributing to the market's growth.
MRFR has analysed some of the major players in the global Motorsport sensors market who have contributed to the market growth. These include Robert Bosch GmbH, Izze-Racing LLC, Emtron Australia Pty Ltd, Sensata Technologies, AiM Tech Srl, TE Connectivity Ltd., Kistler Group, Motorsports Electronics, Reventec Ltd, KA Sensors Ltd, PMC Engineering Inc., Baker Hughes Company, Sentronics Limited, Continental AG, and Infineon Technologies AG are among the top players in global Motorsport sensors market. these players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer. Among these, Robert Bosch GmbH, TE Connectivity Ltd., Continental AG, Infineon Technologies AG, and Sensata Technologies are among the top 5 players in the global Motorsport sensors market.
In January 2023, Izze-Racing LLC introduced an updated version of its tire and brake temperature sensors, featuring lighter weight, front-face threaded holes, user-configurable baud rate, automatic fault detection, and optional Germanium protective windows for enhanced performance and durability.
In January 2023, Reventec's Race Car Suspension Rocker Position Sensor was used to monitor ride height in a GTP/LMDh prototype during a race. The sensor measured the 80-degree arc movement of the suspension rocker and had a 5000Hz measurement rate, allowing engineers to optimize the vehicle's ride height and analyse its dynamic suspension characteristics. The sensor's durability and accuracy were crucial for this endurance racing application, as the race cars face challenging conditions over an extended period.
In October 2023, Honeywell old U.S. technology company in consumer electronics, introduced its new range of sensor solutions that target the safety concerns faced in the process of manufacturing and using electric vehicles EVs.
In October 2023, KOITO MANUFACTURING CO., LTD. DENSO CORPORATION worked together in the advancement of safety driving at night by enhancing the object image sensor recognition performance of the imaging system mounted on vehicles. Herein, they faced the challenge of reducing the number of such accidents and their fatal consequences at night by combining lighting technologies into sensor development.
In June 2022, Microchip Technology Inc., which is a semiconductor manufacturer, introduced the LX34070 IC, which is the new inductive position sensor focused on EV motor control. Designed with differential outputs and fast sample rates, the particular sensor aims for detection functionality and safety adherence.
In January 2022, Mercedes-Benz entered into a partnership with Luminar, a next-generation laser lidar start-up, for the incorporation of the latter’s lidar sensors into the manufacturing of luxury vehicles by the carmaker. The purpose of this partnership was to improve safe and convenient driving and safe autonomous driving, in particular, while running on freeways.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 151.29 million |
| Market Size 2023 | USD 157.34 million |
| Market Size 2032 | USD 249.32 million |
| Compound Annual Growth Rate (CAGR) | 5.2% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Sensor Type, Type, Racing Type, Sales Channel and Region |
| Geographies Covered | Europe, North America, Asia-Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Germany, Canada, U.K., Italy, France, Indonesia, Japan, China, Australia, India, and Brazil |
| Key Companies Profiled | ·      Izze-Racing LLC ·      Emtron Australia Pty Ltd ·      Sensata Technologies ·      AiM Tech Srl ·      TE Connectivity Ltd. ·      Kistler Group ·      Motorsports Electronics ·      Reventec Ltd ·      KA Sensors Ltd ·      Robert Bosch GmbH ·      PMC Engineering Inc. ·      Baker Hughes Company ·      Sentronics Limited ·      Continental AG ·      Infineon Technologies AG |
| Key Market Opportunities | ·      Growing Demand for Real-time Analytics ·      Expansion of Electric Motorsports |
| Key Market Dynamics | ·      Innovation in Sensor Technology ·      Performance Optimization Demands ·      Increasing Motorsport Participation |
Frequently Asked Questions (FAQ) :
The Motorsports Sensor Market size is expected to be valued at USD 151.29 Million in 2022.
The global market is projected to grow at a CAGR of 5.2% during the forecast period, 2023-2032.
North America had the largest share of the global market.
The key players in the market are Robert Bosch GmbH, Izze-Racing LLC, Emtron Australia Pty Ltd, Sensata Technologies, AiM Tech Srl, TE Connectivity Ltd., Kistler Group, Motorsports Electronics, Reventec Ltd, KA Sensors Ltd, PMC Engineering Inc., Baker Hughes Company, Sentronics Limited, Continental AG, and Infineon Technologies AG
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