U.S. Motor Vehicle Sensors Market To Reach $5.96 Billion By 2030

U.S. Motor Vehicle Sensors Market Growth & Trends

The U.S. motor vehicle sensors market size is expected to reach USD 5.96 billion by 2030, registering a CAGR of 6.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Favorable government mandates pertaining to emission standards and safety are expected to drive the market over the forecast period.

Enhancement of Corporate Average Fuel Economy (CAFE) standards coupled with new regulations mandating the incorporation of Electronic Stability Control (ESC) systems in light vehicles is expected to play a pivotal role in the U.S. market growth. Passage of The Transportation Recall Enhancement, Accountability, and Documentation (TREAD) Act, directing the adoption of Tire Pressure Monitoring System (TPMS) in new vehicles is expected to increase sensor sales. Owing to the need for periodical replacement of TPMS and oxygen sensors, aftermarket sensor sales are expected to constitute a substantial market share, thereby supplementing the high demand for motor vehicle sensors from OEMs.

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U.S. Motor Vehicle Sensors Market Report Highlights

• The temperature sensors segment accounted for the dominant share of 45.2% in 2023. This growth can be attributed to the advancements in sensor technology, such as the development of microelectromechanical systems (MEMS) and infrared temperature sensors.

• The engine & drivetrain segment secured the propellant share of the market in 2023 owing to technological advancements in engine management systems. Sensors used for engine & drivetrain applications help lowering emissions and improving gas mileage by controlling engine function and efficiency. Safety & security applications are expected to witness high growth over the forecast period owing to increased adoption of features such as TPMS, rollover detection, ESC, and anti-lock brake.

• The U.S. motor vehicle sensors market is characterized by a high degree of innovation by key market players in order to develop sensors-based systems for relatively new and untapped market segments. For instance, in August 2012, GE, Ford Motors, and the University of Michigan collaborated to develop sensors for monitoring electric vehicles’ battery life. GE has started development work for resilient and lightweight sensor-based systems, capable of withstanding intense heat, vibrations, and shock, to be incorporated in Formula One racing cars.

U.S. Motor Vehicle Sensors Market Segmentation

Grand View Research has segmented the U.S. motor vehicle sensors market based on sensor and application:

U.S. Motor Vehicle Sensor Outlook (Revenue, USD Million, 2018 - 2030)

• Temperature Sensors

• Pressure Sensors

• NOx Sensors

• Others

U.S. Motor Vehicle Sensor Application Outlook (Revenue, USD Million, 2018 - 2030)

• Engine & Drivetrain

• Safety & Security

• Emission Control

• Others

List Of Key Players U.S. Motor Vehicle Sensors Market

• Continental AG

• DENSO CORPORATION

• Aptiv

• Robert Bosch GmbH

• Hitachi, Ltd.

• Sensata Technologies, Inc.

• Autoliv

• Eaton

• Valeo