The rising demand in the automotive industry for highly reliable and cost-efficient sensors is resulting in the mass production of these sensors. The sensors play a vital role in the automotive industry by skillfully monitoring various electronic and electromechanical applications by gathering varied forms of data, such as temperature, pressure, position, speed, flow, level, torque, and oxygen levels, of different vehicle applications such as powertrain, chassis, body, safety, and exhaust.
Over the decade, the vehicle electronics system has evolved extensively, which has led to several technological advancements such as microcontroller-based platforms, continuous product developments, and evolving applications that are aiding in widening the scope for automotive sensors.
Recently, Samsung has launched ISOCELL Auto 4AC, an automotive image sensor with advanced 120-decibel (dB). This new sensor offered by Samsung is highly optimized for automotive applications. The sensor offers high dynamic range (HDR) and LED flicker mitigation (LFM), especially for surround-view monitors (SVM) or rear-view cameras (RVC) in high-definition resolution (1280 x 960). The highly advanced ISOCELL Auto 4C can embed two photodiaodes in a single pixel area.
A recent market intelligence report published by BIS Research highlights that the automotive sensors market is expected to reach $12.79 billion by the end of 2030. The growth of the market can be attributed to the growing demand for premium vehicles due to consumers' inclination toward comfort and luxury and the increasing number of electronic components in the vehicle.
Major sensors such as temperature sensor, pressure sensor, position sensor, speed sensor, level sensor, inertial sensor, gas sensor, flow sensor, knock sensor, force sensors, and torque sensors are largely being developed by sensor manufacturers.
The growth of the temperature sensors segment is mainly due to extensive stringent government regulations regarding the exhaust emissions. This is a key factor driving the growth of the temperature sensors market, by increasing the deployment of exhaust gas temperature sensors to monitor the proper functioning of the exhaust system.
Furthermore, prominent industry players are making active efforts to advance the commercialization of low-cost, miniaturized, and highly reliable automotive sensors. In addition to this, given the industry’s initial developmental stage and huge growth potential, it is expected that the market will observe an increase in the number of key strategic developments in the near future, among different stakeholders, including automotive sensor manufacturers, automotive OEMs, and various other technology players in the market.